Real-Time Clock (RTC) IC also referred as computer clock devices are integrated ultra-low-power devices that are designed to keep track of the current time and date relative to the real world. The real-time clock/calendar provides seconds, minutes, hours, day, date, month, and year information.
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The real-time clock IC market is expected to expand at a higher growth rate in the forecast period owing to the increasing demand of RTC IC in across diverse range of applications starting from consumer electronics devices such as computer, mobile phones, IoT devices, digital camera, printers, battery power devices and other electronics.
Rising demand of real-time clock IC in automotive and industrial equipment is a key force expected to drive the global real-time clock IC market over the forecast period. Rising demand of consumer electronics industry and automotive industry is expected to spur the demand of real-time clock IC is upcoming period.
The global real-time clock IC market is segmented on the basis of type, interface, power source, end user and region. On basis of type, the market has been bifurcated into oscillator based and power line frequency based. In most of the real-time clock IC time is controlled by an on-chip crystal oscillator. By interface, the market is segmented into parallel and serial interface.
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By power source, the market has been segmented into primary source, and battery backed. In battery backed type, the built-in power-sense circuitry detects power failures and automatically switches to the backup supply, maintaining time and date operation.