DUBLIN--(BUSINESS WIRE)--The "Middle East and Africa Clock Buffer Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type and End User" report has been added to ResearchAndMarkets.com's offering.
The MEA clock buffer market is expected to grow from US$ 918.29 million in 2022 to US$ 98.52 million by 2028; it is estimated to grow at a CAGR of 3.5% from 2022 to 2028.
Industry 4.0 fully automates manufacturing processes with very little to negligible human interference. It works on the industrial IoT (IIoT), cyber-physical systems, cloud robotics, cloud computing, and big data. Automation has stirred the industrial sector, drastically changed the way of production, and reduced the manufacturing time and production cost.
Manufacturers rely on big data and data analytics to improve their operations' efficiency, productivity, security, and cost-effectiveness due to the rising trend of the Internet of Things (IoT) and Industry 4.0. While many operations have been automated in the manufacturing industry, secure wireless networking enables factory automation on a greater scale. Industrial automation will boost production and performance by laying a digital foundation.
The success of numerous new technologies will be required for Industry 4.0. Factory automation and real-time control of equipment and tasks and digital twins of machines and processes will be needed to speed smart manufacturing. Thus, the growing success of industrial 4.0 would drive the adoption of IoT-based products, thereby driving market growth.
Moreover, various clock buffers manufacturers in the industrial automation application are driving the market growth. For example, Renesas offers the industry's widest selection of silicon timing ICs for industrial applications. Furthermore, the industrial transformation toward digitalization is transforming manual processes into digital processes in the manufacturing industry, which is expected to support the growth of the clock buffer market in the future.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA clock buffer market in the coming years . The market is expected to grow at a good CAGR during the forecast period.
MEA Clock Buffer Market Segmentation
- The differential clock buffer segment dominated the market in 2022 and is expected to be fastest growing during forecast period.
- The consumer electronics segment dominated the market in 2022 and IT and telecommunication segment expected to be fastest growing during forecast period.
- Based on country, the MEA clock buffer market is segmented into South Africa, the UAE, Saudi Arabia, and Rest of MEA.
Key Market Dynamics
Market Drivers
- Increase in Adoption in Consumer Electronic Devices for Interfacing Within the Device
- Increase in Government Support Toward Digitalization
Market Restraints
- Presence of Substitute
Market Opportunities
- Growing Number of Data Centers
Future Trends
- Industrial revolution 4.0 will Increase the Adoption of Internet of Things
Company Profiles
- Analog Devices Inc.
- Diodes Incorporated
- Infineon Technologies AG
- Microchip Technology Inc.
- Renesas Electronics Corporation
- Semiconductor Components Industries, LLC
- Skyworks Solutions Inc.
- Texas Instruments Incorporated
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