USD 392.27 Billion
Automotive Phase-Locked Loops (PLLs) Market Size, Share, Growth Analysis, By Application(Engine Control Units, Infotainment System, Advanced Driver Assistance System (ADAS)), By Type(Analog PLLs and Digital PLLs), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45K2039 |
Region:
Global |
Published Date: April, 2024
Pages:
197
|Tables:
61
|Figures:
77
Automotive Phase-Locked Loops (PLLs) Market Insights
Global Automotive Phase-Locked Loops (PLLs) Market size was valued at USD 392.27 Billion in 2022 and is poised to grow from USD 418.16 Billion in 2023 to USD 697.27 Billion by 2031, at a CAGR of 6.60% during the forecast period (2024-2031).
The purpose of the market is to provide reliable and accurate timing signals to ensure the proper functioning of various automotive systems. The increasing demand for safety, comfort, and convenience features in modern vehicles has driven the need for more advanced and sophisticated PLLs. As a result, the market for automotive PLLs is expected to grow in the coming years, driven by factors such as increasing vehicle production, rising demand for advanced safety features, and the growing trend of vehicle electrification. For Instance, in March 2021, Renesas Electronics Corporation announced the availability of a new PLL synthesizer that features the industry's highest frequency range of 18 GHz for 5G and other high-frequency applications. In June 2021, Analog Devices, Inc. (ADI) announced a new PLL synthesizer, ADF4373, which features wideband microwave VCO and is designed for applications such as satellite communications, radar systems, and instrumentation.
US Automotive Phase-Locked Loops (PLLs) Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Analog PLLs
Fastest Growth
Analog PLLs
Growth Rate
6.60% CAGR
Global Automotive Phase-Locked Loops (PLLs) Market ($ Bn)
Country Share for North america Region (%)
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Automotive Phase-Locked Loops (PLLs) Market Segmental Analysis
Global Automotive Phase-Locked Loops (PLLs) Market is segmented on the basis of type, application and region. By type, the market is segmented into analog plls and digital plls. By application, the market is segmented into engine control units, infotainment system, advanced driver assistance system (ADAS). By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Automotive Phase-Locked Loops (PLLs) Market Analysis by Type
The dominant segment with a CAGR 5.2% in 2021, the Digital Phase Locked Loops (PLLs) segment is expected to grow at a faster rate due to increasing demand for high-frequency applications such as ADAS, infotainment, and powertrain systems in modern vehicles. These are typically used in high-frequency applications and are preferred due to their high accuracy and low phase noise.
Analog Phase Locked Loops (PLLs) are typically used in low-frequency applications and are preferred due to their low power consumption and cost-effective nature.
Automotive Phase-Locked Loops (PLLs) Market Analysis by Application
ADAS includes applications related to advanced driver assistance systems, such as adaptive cruise control, lane departure warning, and automatic emergency braking. The growth of this segment is driven by increasing safety concerns among consumers and government regulations mandating the installation of advanced safety systems in vehicles.
Infotainment includes applications related to entertainment, such as audio and video playback, navigation, and connectivity. The growth of this segment is driven by increasing consumer demand for advanced infotainment systems in vehicles.
Global Automotive Phase-Locked Loops (PLLs) Market By Type
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Automotive Phase-Locked Loops (PLLs) Market Regional Insights
The CAGR for the Automotive Phase Locked Loops (PLLs) market in North America is expected to be around 7% during the forecast period. North America is a mature market for Automotive Phase Locked Loops (PLLs) due to the high adoption rate of advanced technologies in the automotive industry. The region is dominated by the United States, which has a large number of automobile manufacturers and suppliers. The fastest-growing segment in North America is expected to be the Advanced Driver Assistance System (ADAS) application segment, which is driven by the increasing demand for safety features in vehicles. The dominant segment in North America is the Infotainment System application segment.
The CAGR for the Automotive Phase Locked Loops (PLLs) market in Asia-Pacific is expected to be around 9% during the forecast period. Asia-Pacific is expected to be the fastest-growing market for Automotive Phase Locked Loops (PLLs) during the forecast period. The region is witnessing an increase in vehicle production, particularly in countries such as China and India, which is driving the demand for advanced automotive electronics and components. The fastest-growing segment in Asia-Pacific is expected to be the Engine Control Unit (ECU) application segment, driven by the increasing demand for fuel-efficient and eco-friendly vehicles. The dominant segment in Asia-Pacific is the Infotainment System application segment.
Global Automotive Phase-Locked Loops (PLLs) Market By Region
- Largest
- Fastest
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Automotive Phase-Locked Loops (PLLs) Market Dynamics
Automotive Phase-Locked Loops (PLLs) Market Drivers
Growing demand for In-Vehicle Connectivity to Bolster Market Growth
- The automotive industry is witnessing a rise in the demand for in-vehicle connectivity features such as infotainment systems, telematics, and navigation systems. PLLs play a critical role in the precise synchronization of data and signals in these systems, which is driving their demand.
- The development of advanced electronic systems such as autonomous driving systems, electric vehicles, and vehicle-to-everything (V2X) communication systems requires high-precision and low-jitter timing solutions. PLLs are critical components for such systems, which is driving their demand in the automotive industry.
Automotive Phase-Locked Loops (PLLs) Market Restraints
Patent and Regulatory Issues to Hinder Market Growth
- There may be patent and regulatory issues that limit the adoption of phase-locked loops in certain regions or applications. These issues may limit the growth of the market in certain regions or applications, particularly in countries with strict regulations on the use of electronic components in vehicles.
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Automotive Phase-Locked Loops (PLLs) Market Competitive Landscape
The competition in the global Automotive Phase Locked Loops (PLLs) market is primarily based on factors such as product performance, pricing, and innovation. The major players in the market are focusing on product innovation and development to gain a competitive advantage. Additionally, these players are also focusing on expanding their global reach through partnerships and collaborations with other companies in the industry.
Top Player’s Company Profiles in Automotive Phase-Locked Loops (PLLs) Market
- Texas Instruments Inc. (US)
- NXP Semiconductors N.V. (Netherlands)
- STMicroelectronics N.V. (Switzerland)
- Analog Devices, Inc. (US)
- Infineon Technologies AG (Germany)
- ON Semiconductor Corporation (US)
- Microchip Technology Inc. (US)
- Maxim Integrated Products Inc. (US)
- Cirrus Logic Inc. (US)
- Renesas Electronics Corporation (Japan)
- Integrated Device Technology, Inc. (US)
- Silicon Laboratories Inc. (US)
- Murata Manufacturing Co., Ltd. (Japan)
- Cypress Semiconductor Corporation (US)
- ROHM Semiconductor (Japan)
- Skyworks Solutions, Inc. (US)
- Nihon Dempa Kogyo Co., Ltd. (Japan)
- TDK Corporation (Japan)
- CTS Corporation (US)
- IDT Europe GmbH (Germany)
- Epson Europe Electronics GmbH (Germany)
- ON Semiconductor Germany GmbH (Germany)
Automotive Phase-Locked Loops (PLLs) Market Recent Developments
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In September 2023, NXP Semiconductors N.V. disclosed its commitment to reinforce European research and development (R&D) initiatives. This support will be extended through grants associated with the 2nd Important Project of Common European Interest on Microelectronics and Communication Technologies (IPCEI ME/CT). The final investment decision is contingent on confirming the level of public funding.
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In February 2023, the specifics of a unique phase-locked loop (PLL) IC design that will be presented at this week's 2023 International Solid-State Circuits Conference (ISSCC) by the Belgian research and development company IMEC were made public.
Automotive Phase-Locked Loops (PLLs) Key Market Trends
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The demand for in-car entertainment and navigation systems is also increasing, as consumers look for more advanced and integrated systems. Automotive Phase Locked Loops (PLLs) are used in these systems to ensure the precise synchronization of the various electronic components, and their demand is expected to grow in line with the demand for these systems.
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The growing emphasis on the integration of advanced technologies within automotive systems, leading to increased adoption of PLLs for precise clock synchronization. The rising demand for connected vehicles and advanced driver assistance systems (ADAS) further accelerates the deployment of PLLs to ensure reliable communication and data processing.
Automotive Phase-Locked Loops (PLLs) Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analyses, the global Automotive Phase Locked Loops (PLLs) market is expected to experience steady growth over the forecast period, driven by several factors such as the increasing adoption of electric and hybrid vehicles, growing demand for advanced safety systems, rising demand for in-car entertainment and navigation systems, advancements in technology, and increasing focus on reducing emissions and improving fuel efficiency. The competition in the market is primarily based on factors such as product performance, pricing, and innovation. The major players in the market are focusing on product innovation and development to gain a competitive advantage. Additionally, these players are also focusing on expanding their global reach through partnerships and collaborations with other companies in the industry. The global Automotive Phase Locked Loops (PLLs) market is expected to experience steady growth over the forecast period, driven by several key trends in the industry. The market is highly competitive, with several major players vying for market share, and the major players are focusing on product innovation and development to gain a competitive advantage.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 392.27 Billion |
| Market size value in 2031 | USD 697.27 Billion |
| Growth Rate | 6.60% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Automotive Phase-Locked Loops (PLLs) Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Automotive Phase-Locked Loops (PLLs) Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Automotive Phase-Locked Loops (PLLs) Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Phase-Locked Loops (PLLs) Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Phase-Locked Loops (PLLs) Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Phase-Locked Loops (PLLs) Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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