Market Overview:
The global timing devices market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for timing devices in military and civil applications. The fully automatic segment is expected to grow at a higher CAGR than the semi-automatic segment during the forecast period. North America dominates the global timing devices market, followed by Europe, Asia Pacific, Latin America, and Middle East & Africa.
Product Definition:
A timing device is a mechanical or electronic instrument used to measure and control the speed of machinery. Timing devices are important because they ensure that machines operate at a consistent speed, which is necessary for tasks such as welding, cutting, and fabricating.
Fully Automatic:
Fully automatic timing devices are used to measure the duration of an event. Fully automatic timing devices include quartz-based and electronic timing systems. The growth factor for fully automatic timing device is mainly due to its accuracy, ease of use, cost effectiveness and better response time as compared to semi-automatic or manual devices.
The major end users for a fully automatic device includes automobile industry, manufacturing industry (machinery), transportation industry (train & bus).
Semi-Automatic:
Semi-automatic is a device which performs an operation and then gives control back to the operator. It can be used in various applications such as precision, timing, and safety devices. In timing devices it is used for controlling the interval of events or actions that are performed by a person or mechanism.
In safety applications it helps in preventing accidents caused due to human errors; whereas in precision application it helps maintain accuracy of measuring instruments like microns, seconds etc.
Application Insights:
The military application segment accounted for the largest share in 2017. The use of timing devices in defense and aerospace applications is expected to witness growth owing to their benefits, such as precise time keeping and accurate countdowns. Moreover, a large number of players are involved in the production of advanced products for military purposes, which is likely to propel product demand over the forecast period.
The civil application segment was valued at USD 446.0 million in 2017 owing to increasing use of timing devices across various industries including oil & gas, manufacturing, healthcare among others. Timing devices are used extensively across all major industry sectors due to their benefits such as precision timekeeping and reliable counting down timer functions with audible alarms for better performance requirements are very high and strict need for highly efficient equipment that meets stringent quality standards at low cost is driving market growth rapidly civil applications will be leading by 2030 ¢â‚¬â€œ 29%.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing investments in developing infrastructure and technological advancements. For instance, in September 2017, Nanyang Technological University (NTU) in Singapore announced its plan for building a clock that runs on solar energy and is accurate to within 1 second every million years. Such initiatives are anticipated to increase demand for advanced timing devices across Asia Pacific region over the forecast period.
Europe also accounted for a significant share of global revenue owing to growing military expenditure coupled with stringent government regulations regarding timekeeping activities undertaken by various organizations present thereon behalf such as National Frequency Control Office (CEN), European Network Operators’ Society (ENOS), etc.). Moreover, presence of major players such as Seiko Epson Corporation; Fossil Group; Hager Group; Mondaine Holdings Limited.; RGM Instruments Ltd.; Cogwheel Technology Inc.; etc., will drive regional market growth further.
Growth Factors:
- Increasing demand for smart devices and the internet of things (IoT) is expected to drive the growth of the timing devices market.
- The miniaturization of electronic components is also expected to fuel the growth of this market.
- Growing demand from end-use industries, such as automotive, consumer electronics, and telecommunications is also anticipated to boost the growth of this market in the coming years.
- Rising awareness about time synchronization and its benefits is also projected to propel the growth of this market in near future.
- . Technological advancements in timing devices are likely to create new opportunities for players operating in this market during forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Timing Devices Market Research Report
By Type
Fully Automatic, Semi-Automatic
By Application
Military, Civil
By Companies
Advanced Environmental Recycling Technologies, National Instruments, Chroma, Sanwa Electric Instrument, MECO Instruments, Yokogawa, STMicroelectronics, Cardzgroup, ABnote, Versatile Card Technology, HIOKI EE, Corning Cable Systems, Amphenol
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
223
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Timing Devices Market Report Segments:
The global Timing Devices market is segmented on the basis of:
Types
Fully Automatic, Semi-Automatic
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Military, Civil
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Advanced Environmental Recycling Technologies
- National Instruments
- Chroma
- Sanwa Electric Instrument
- MECO Instruments
- Yokogawa
- STMicroelectronics
- Cardzgroup
- ABnote
- Versatile Card Technology
- HIOKI EE
- Corning Cable Systems
- Amphenol
Highlights of The Timing Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fully Automatic
- Semi-Automatic
- By Application:
- Military
- Civil
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Timing Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Timing devices are used in various industries to control the timing of events. These devices can be used to control the speed of a machine, the time it takes for an event to happen, or even how often something happens.
Some of the major players in the timing devices market are Advanced Environmental Recycling Technologies, National Instruments, Chroma, Sanwa Electric Instrument, MECO Instruments, Yokogawa, STMicroelectronics, Cardzgroup, ABnote, Versatile Card Technology, HIOKI EE, Corning Cable Systems, Amphenol.
The timing devices market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Timing Devices Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Timing Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Timing Devices Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Timing Devices Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Timing Devices Market Size & Forecast, 2018-2028
4.5.1 Timing Devices Market Size and Y-o-Y Growth
4.5.2 Timing Devices Market Absolute $ Opportunity
Chapter 5 Global Timing Devices Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Timing Devices Market Size Forecast by Type
5.2.1 Fully Automatic
5.2.2 Semi-Automatic
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Timing Devices Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Timing Devices Market Size Forecast by Applications
6.2.1 Military
6.2.2 Civil
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Timing Devices Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Timing Devices Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Timing Devices Analysis and Forecast
9.1 Introduction
9.2 North America Timing Devices Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Timing Devices Market Size Forecast by Type
9.6.1 Fully Automatic
9.6.2 Semi-Automatic
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Timing Devices Market Size Forecast by Applications
9.10.1 Military
9.10.2 Civil
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Timing Devices Analysis and Forecast
10.1 Introduction
10.2 Europe Timing Devices Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Timing Devices Market Size Forecast by Type
10.6.1 Fully Automatic
10.6.2 Semi-Automatic
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Timing Devices Market Size Forecast by Applications
10.10.1 Military
10.10.2 Civil
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Timing Devices Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Timing Devices Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Timing Devices Market Size Forecast by Type
11.6.1 Fully Automatic
11.6.2 Semi-Automatic
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Timing Devices Market Size Forecast by Applications
11.10.1 Military
11.10.2 Civil
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Timing Devices Analysis and Forecast
12.1 Introduction
12.2 Latin America Timing Devices Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Timing Devices Market Size Forecast by Type
12.6.1 Fully Automatic
12.6.2 Semi-Automatic
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Timing Devices Market Size Forecast by Applications
12.10.1 Military
12.10.2 Civil
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Timing Devices Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Timing Devices Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Timing Devices Market Size Forecast by Type
13.6.1 Fully Automatic
13.6.2 Semi-Automatic
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Timing Devices Market Size Forecast by Applications
13.10.1 Military
13.10.2 Civil
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Timing Devices Market: Competitive Dashboard
14.2 Global Timing Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Advanced Environmental Recycling Technologies
14.3.2 National Instruments
14.3.3 Chroma
14.3.4 Sanwa Electric Instrument
14.3.5 MECO Instruments
14.3.6 Yokogawa
14.3.7 STMicroelectronics
14.3.8 Cardzgroup
14.3.9 ABnote
14.3.10 Versatile Card Technology
14.3.11 HIOKI EE
14.3.12 Corning Cable Systems
14.3.13 Amphenol
