Real-time Clock (RTC) ICs are low current devices that can sustain for years on a single lithium cell. These ICs are available in 12 hour and 24-hour time format with AM/PM display. Thus, RTC IC is widely deployed across range of devices, which is driving the global market.Ī real-time clock IC (RTC IC) is an integrated circuit that keeps track of the current time and date, typically counting seconds, minutes, hours, days, months, and years with leap-year compensation. In the absence of a main power source, having reliable information of event occurrences and communication time slots is accomplished with the use of either a small battery or a capacitor. Rise in demand for low power applications is driving technological developments in real-time clock ICs, as keeping time is crucial for all IoT devices. Technological advancements have prompted manufacturers to continuously introduce new features such as embedded memory, alarms, timestamp recording, and watchdog, among others. Growing use of RTC IC across wearable devices, computers, IoT devices, digital cameras, battery management units, and dashboards in the case of automotive applications is the key driver for the global RTC IC market. The global RTC IC market is expected to cross value of US$ 5.2 Bn by the end of 2031Īnalysts’ Viewpoint on RTC IC Market Scenario.It is estimated to expand at a CAGR of 4% from 2022 to 2031.The global RTC IC market was valued over US$ 3.5 Bn in 2021.
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