Real Time Clock (RTC) Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions, and By Key Players: STMicroelectronics, EPSON, Maxim Integrated, Microchip Technology, Texas Instruments

Registering a CAGR of 6.4% over the forecast period, the market value of Real Time Clock (RTC) is expected to reach US$ 6412 million in the year 2027.

Real Time Clock (RTC) Market Overview

Real Time Clock (RTC) ICs are low-power devices that can run for years on a single lithium cell. It includes new features such as alarms, a watchdog, timestamp recording, embedded memory, and more.

The growing use of RTC IC in wearable devices, computers, IoT devices, digital cameras, battery management units, and dashboards in automotive applications is driving the global RTC IC market. Manufacturers are constantly introducing new features such as embedded memory, alarms, timestamp recording, and watchdog as a result of technological advancements. The increased demand for low-power applications is driving technological advances in real-time clock ICs, as timekeeping is critical for all IoT devices. In the absence of the main power source, a small battery or a capacitor is used to provide reliable information about event occurrences and communication time slots. As a result, RTC IC is widely deployed across a wide range of devices, driving the global market.

Furthermore, the growing demand for real-time clock ICs in automotive applications is fueling the growth of this market. However, factors such as high cost and limited battery life are limiting the market's growth.

The report aspects discussed the profile of the top manufacturers of the global Real Time Clock (RTC) market. These aspects include the financial status of major companies, trending advancements, and the entire market scenario. Growth of the report has examined Real Time Clock (RTC) Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.

Who are the Major Players in the Real Time Clock (RTC) Market?

The global Real Time Clock (RTC) includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include STMicroelectronics, EPSON, Maxim Integrated, Microchip Technology, Texas Instruments, NXP, Renesas Electronics, AMS, ABLIC, Diodes, Abracon, NJR, Cymbet, Micro Crystal and others.

Industry News and Updates:

The New RV-3032-C7 High Performance Temperature Compensated RealTime Clock Module with I2C Interface from MICRO CRYSTAL

20/11/2020— Micro Crystal introduces the new RV-3032-C7 Real-Time Clock (RTC) Module, which provides the best time accuracy across an industrial temperature range while consuming very little power.

This high-performance ultra-compact RTC Module, which includes a custom IC and an integrated quartz crystal resonator, sets new standards in terms of smallest size (half the footprint of an uSOP-8 package, no additional external components required), best accuracy (0.26 s/day at -40° to 85°C operating temperature), ultra-low current consumption (160 nA timekeeping mode), and unique power management capabilities.

What are the major Applications, Types, and Regions for the Real Time Clock (RTC) Market?

The market is segmented based on the type, applications, companies, and regions.

By Type, it is segmented into

• I2C RTC


• SPI RTC


• Others

By Application, it is segmented into

• Consumer Goods


• Industrial utilizations


• Others

Real Time Clock (RTC) Market Regional Analysis

In 2021, Asia Pacific held the largest share of the global RTC IC market, accounting for 38.58 %. Because a large number of manufacturers are based in these regions, Asia Pacific and North America are major hubs of research and development activities in the field of technology and new product development. Furthermore, factors such as increased spending on industrial automation and the production of consumer electronics devices around the world provide growth opportunities for real-time clock (RTC) IC manufacturers.

North America and Europe are also large consumers of RTC IC, with value shares of 29.55 % and 24.55 % in the global market in 2021, respectively. This growth is due to the presence of several large multinational corporations in these regions, which offer devices for end-users such as consumer electronics, military and defence, automotive, and the IT and telecommunications industries.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Real Time Clock (RTC) Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Real Time Clock (RTC) Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Real Time Clock (RTC) Market report scope?

Scope of the Report covers Real Time Clock (RTC) Market with a detailed analysis of the overall scenario for the market. It also highlights the business participants’ environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Real Time Clock (RTC) Market analysis report as it has vital details to provide about regional markets and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.

Key Takeaways from this Real Time Clock (RTC) Report

• Evaluate Real Time Clock (RTC) market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level - for product types, end-use applications, and different industries verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.


• Get in-depth insights on your competitor’s performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies to your processes.


• Get a quick outlook on the Real Time Clock (RTC) market entropy – M&As, deals, partnerships, and product launches of all key players for the past 5 years.


• Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.

Frequently Asked Questions

What is the study period of this market?

The Real Time Clock (RTC) Market is studied from 2017 - 2027.

What is the growth rate of the Real Time Clock (RTC) Market?

The Real Time Clock (RTC) Market is growing at a CAGR of 6.4% over the next 5 years.

Who are the key players in Real Time Clock (RTC) Market?

STMicroelectronics, EPSON, Maxim Integrated, Microchip Technology, Texas Instruments, NXP, Renesas Electronics, AMS, ABLIC, Diodes, Abracon, NJR, Cymbet

What regions does this Real Time Clock (RTC) Market report cover?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Real Time Clock (RTC) Market?

I2C RTC, SPI RTC, Others

What are the major end-use applications of Real Time Clock (RTC) Market?

Consumer Goods, Industrial utilizations, Others

All our reports are custom-made to your company’s needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.