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SiTime Enables Higher Safety with Precision Timing for In-Car Connectivity
New Family of Oscillators Addresses a $100M Market SANTA CLARA, Calif.--(BUSINESS WIRE)-- SiTime Corporation (NASDAQ: SITM), the precision timing company,
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[{"type":"text","content":"\nNew Family of Oscillators Addresses a $100M Market\n\n\n SANTA CLARA, Calif.--(BUSINESS WIRE)--\nSiTime Corporation (NASDAQ: SITM), the precision timing company, today introduced its latest generation of automotive oscillators to enable higher safety for advanced driver assistance systems (ADAS), infotainment and car-to-home wireless connectivity. SiTime SiT1623/25 automotive-grade oscillators comply with the stringent AEC-Q100 standard and address a $100M market.\n\n\nAccording to McKinsey1, four macrotrends are driving growth in automotive – autonomous driving, connectivity, electrification, and shared vehicles. The market for automotive electrical/electronic components and software to serve these macrotrends is expected to reach $450 billion by 2030, which is more than double the growth of the overall automotive market.\n\n\nPrecision timing is the heartbeat of all intelligent, connected automotive electronics, and the number of timing chips in cars has grown and will continue to grow. SiTime believes that in 2018, vehicles used up to 20 timing chips. Today, SiTime believes cars have up to 60 timing chips, and that number will grow to 100 timing chips by 2026. The compute power and connectivity requirements for automotive electronics is expected to outpace the growth of the overall automotive market.\n\n\nSiTime precision timing solutions, based on resilient and reliable silicon MEMS technology, are designed to perform in extreme conditions and provide the robust system performance and stability required in harsh environments. Today, the leading electric vehicle (EV) manufacturers work with SiTime because of the unique advantages offered by SiTime’s precision timing solutions. It is anticipated that broad adoption of precision timing solutions will continue as these devices become the de facto standard in cars.\n\n\n“This new generation of automotive oscillators is an additional milestone in the precision timing industry,” asserts Pierre Delbos, Technology and Market Analyst, Sensing and Actuating at Yole Intelligence, part of Yole Group. “With the growing needs for high-frequency connectivity in cars and the inherent reliability of silicon-based oscillators, we expect the MEMS timing industry to grow with a 35 percent CAGR from 2021-272.”\n\n\nSiTime’s MEMS-based timing technology is known for high performance in harsh con...