Real-Time Clocks (RTCs) Market Size, Share, Growth Analysis, By Interface(Inter-Integrated Circuit, Serial Peripheral Interface), By Mounting Type(Surface Mount, and Through Hole), By Operating Voltage(1V – 2V, 2.1V – 3.5V, and 3.6V – 6V), By End Use(Energy & Utility, Consumer Electronics, Automotive, Industrial), By Region - Industry Forecast 2024-2031

Global Real-Time Clocks (RTCs) Market size was valued at USD 4.09 Billion in 2022 and is poised to grow from USD 4.40 Billion in 2023 to USD 7.97 Billion by 2031, at a CAGR of 7.70% during the forecast period (2024-2031).

Real-time clocks (RTCs) are widely used in various industries, including automotive, aerospace, and consumer electronics. An integrated circuit known as a real-time clock IC (RTC IC) is a device that continuously counts seconds, minutes, hours, days, months, and years with leap-year compensation. These ICs have an AM/PM display and come in 12- and 24-hour time formats. Using just one lithium cell, Real-time Clock (RTC) ICs can operate for years.

Even after the main power source is turned off, the RTC IC's battery allows it to continue keeping time. For instance, STMicroelectronics introduced a new line of real-time clocks in January with improved features such as Bluetooth Low Energy support and an integrated temperature sensor that can be used with smartphones and tablets running Android 4.4 or higher software platform. RTCs are found in practically any electronic equipment that requires precise time of day, despite the word being frequently used to refer to the devices in personal computers, servers, and embedded systems. RTC ICs are widely utilised in many applications, including Point-of-Sale terminals, e-metering, gaming devices, burglar alarm systems, and a wide range of additional uses across many different industry verticals. RTCs are widely incorporated into other devices as well, such as the ICs used in vehicle radios for broadband connections.

US Real-Time Clocks (RTCs) Market is poised to grow at a sustainable CAGR for the next forecast year.