The estimated value of the global market for wireless synchronized clocks in 2022 is US$ 915.1 Million. Additionally, due to the growing use of wireless synchronized clocks in rail lines, carriers, schools, military offices, clinical and medical services, and neighborhood administrations, the global market for wireless synchronized clocks is predicted to grow at a robust CAGR of 6.9% between 2022 and 2032, reaching a value of roughly US$ 1,777.6 million.
In addition to telling the time, wireless synchronized clocks offer mechanical benefits such a wireless sound player and others. They are an innovation enhancement of the traditional clock. Wireless synchronized clocks provide great dependability and aid in maintaining time uniformity throughout the entire association.
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Wireless Synchronized Clocks Market: Drivers and Restraints
Time management is the crucial parameter in every industry & sector, which is attributing to spur the demand for wireless synchronized clocks. Apart from serving general benefits of the clock, wireless synchronized offers the wireless audio player for periodic audio announcements, alarm schedule software, and others. These technical benefits are the key driver piloting the growth of the respective industry over the forthcoming years.
Replacement of old clock system in airline, railways and other industrial applications is the other factor responsible for the global wireless synchronized clocks market growth. Further, to facilitate technology infrastructure, the demand for GPRS inbuilt Clock system is creating new opportunities for the respective industry to exhibit positive growth rate in the nearer future.
Also, development of new infrastructure with advanced technology devices inbuilt are also attributing to fuel the demand for the wireless synchronized clock. Wherein, the complexity to configure and required skilled staff to operate are coupled together to obstruct the growth of the market over the forecast period.
Global Wireless Synchronized Clocks Market: Regional Trend
North America is expected to dominate the global wireless synchronized clocks market regarding revenue, owing to increasing vertical application of wireless synchronized clocks, considering same the industry is anticipated to reflect positive growth during the forecast period.
Asia-Pacific region is projected to emerge as the fastest growing wireless synchronized clocks market, due to increasing inclination towards the smart product in industrial sectors to facilitate ease in carrying out daily activities such as attendance.
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Who are the Key Players in the Global Wireless Synchronized Clocks Market?
Examples of some of the market participants in the wireless synchronized clocks market identified across the value chain include Primex, Inc., Owl Time Clock Inc., Innovation Wireless, Pyramid Time Systems, BRG Precision Products, American Time & Signal, Spectracom Corp, Franklin Instrument Company, Inc., Simplex Time, Syracuse Time & Alarm Co., Inc., TeleScience Singapore Pte Ltd. and Canadian Time Systems.
These leading manufacturers of wireless synchronized clocks are continuously focusing on introducing new innovative products to meet the end user demands. For instance,
- In 2021, Pyramid Time Systems launched its new TimeTrax Sync White LED Power Over Ethernet (PoE) digital clocks designed especially for healthcare and education environments.
- In July 2021, American Time, a market leader in synchronized time and facility communication solutions released the inCloud Management Portal that will allow maintenance directors, building mangers, IT directors, and others to efficiently setup, schedule and control Wi-Fi network clocks, power over ethernet network clocks, and the EverAlert Communication System.
Key Segments Covered in the Wireless Synchronized Clocks Industry Survey
By Solutions:
- Indoor Clocks
- Outdoor Clocks
By Product Type:
- Analog Synchronized Clock
- Digital Synchronized Clock
By Application:
- Railways
- Airlines
- Transportation Services
- Organization and Hospitality Management
- Medical & Healthcare
- Government
By Region:
- Asia-Pacific excluding Japan
- Middle East and Africa
- Western Europe
- North America
- Eastern Europe
- Latin America
- Japan
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