Real-Time Clock (Rtc) Ic Market To Reach A Value Of ~Us$ 5.3 Bn By 2027

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Transparency Market Research delivers key insights on the global real-time clock (RTC) IC market. In terms of revenue, the global real-time clock IC market is estimated to expand at a CAGR of ~4% during the forecast period, owing to numerous factors, regarding which, TMR offers thorough insights and forecasts in its report on the global real-time clock IC market.
A real-time clock IC is a type of IC that works as a clock in various devices. Real-time clock ICs offer the time in terms of year (including leap year), months, days, hours, minutes, and seconds. These ICs are available in 12-hour and 24-hour time formats, with an AM/PM display. Real-time clock ICs are low-current devices that can sustain for years on a single lithium cell. RTC ICs run on a lithium cell that keeps a track of the time even if it is disconnected from the main power. For example, IC DS1307 by Maxim Integrated offers time in terms of decade (around 17 years). RTC ICs are used in several applications such as wearable devices, computers, IoT (Internet of Things) devices, digital cameras, battery management units, and vehicle dashboards. In the healthcare sector, real-time clock ICs are applied in fitness bands, medicine dispensers, glucometers, and other devices that need to keep a track of time.
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Global Real-time Clock IC Market: Prominent Regions
The real-time clock IC market in Asia Pacific is estimated to witness prominent growth in the next few years, as manufacturers in the region offer advanced real-time clock ICs. The RTC IC market in the region is expected to expand significantly during the forecast period, primarily due to the increasing adoption of these ICs in the consumer electronics industry in the region. Real-time clock IC market players in the region are introducing advanced products with added features. The new RV-8063-C7 IC by Golledge Electronics Ltd comes with multiple additional features such as automatic leap year calculation, programmable offset register, and minute and half-minute interrupts.
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Key manufacturers operating in the global real-time clock IC market are displaying synergies through collaborations with distributor companies and raw material suppliers for the areas of sales, marketing, and production. Manufacturers of RTC ICs are also expanding through organic methods, such as increase in production capacity, so as to meet the rising demand for real-time clock ICs.
Key players operating in the global RTC IC market are Maxim Integrated Products, Inc., Seiko Epson Corp., Integrated Device Technology, Inc., STMicroelectronics International N.V., Microchip Technology Inc., NXP Semiconductors N.V., Diodes Incorporated, Texas Instruments Incorporated, Ricoh Semiconductor, Abracon LLC, ROHM CO., LTD, Cypress Semiconductor Corporation, and ABLIC Inc. 

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