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

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 competition in the 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 reach through partnerships and collaborations with other companies in the industry. '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)'

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 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.