USD 2.66 billion
Phase-Locked Loops (PLLs) Market Size, Share, Growth Analysis, By Type(Analog PLLs and digital PLLs), By Application(Telecom infrastructure, data communication, consumer electronics, and others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45N2057 |
Region:
Global |
Published Date: April, 2024
Pages:
197
|Tables:
62
|Figures:
75
Phase-Locked Loops (PLLs) Market Insights
Global Phase-Locked Loops (PLLs) Market size was valued at USD 2.66 billion in 2022 and is poised to grow from USD 2.81 billion in 2023 to USD 4.31 billion by 2031, at a CAGR of 5.5% during the forecast period (2024-2031).
The global Phase-Locked Loops (PLLs) market is a rapidly growing industry that specializes in providing reliable, high-performance circuitry solutions for a wide range of applications. The purpose of the market is to meet the growing demand for advanced technologies that require precise and stable timing signals to function correctly, such as digital communication systems, data transmission networks, and high-speed digital systems. The primary drivers of the PLLs market are the growing adoption of wireless communication systems, increasing demand for high-speed data transmission, and advancements in the semiconductor industry. However, the market is not without its challenges. One of the key restraints for the market is the complexity of PLLs, which can make them difficult to design, test, and integrate into larger systems. Furthermore, the high cost of PLLs can also act as a barrier to entry for smaller companies looking to enter the market. Despite these challenges, there are several key trends and opportunities in the market. One such trend is the increasing demand for low-power PLLs, which can operate on reduced voltages and consume less power, making them ideal for use in mobile devices and IoT applications. Additionally, the integration of PLLs with other semiconductor technologies, such as microcontrollers and digital signal processors, is creating new opportunities for market players to offer more comprehensive solutions to their customers.
US 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
Digital PLLs
Growth Rate
5.5% CAGR
Global Phase-Locked Loops (PLLs) Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Phase-Locked Loops (PLLs) Market Segmental Analysis
Global 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 telecom infrastructure, data communication, consumer electronics, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Phase-Locked Loops (PLLs) Market Analysis by Type
The analog PLLs segment is expected to hold the largest market share due to their extensive use in radio receivers and transmitters, as well as in analog communication systems. Analog PLLs are also known for their high reliability and ease of use, making them popular in a wide range of applications. The analog PLLs segment held the largest market share in 2021 and is expected to continue dominating the market during the forecast period.
The digital PLLs segment, on the other hand, is expected to be the fastest-growing segment due to the increasing demand for high-speed data transmission and precise timing synchronization in digital communication systems. Digital PLLs offer several advantages over their analog counterparts, such as better accuracy, faster response time, and the ability to work with digital signals. The digital PLLs segment is expected to grow at the highest CAGR during the forecast period.
Phase-Locked Loops (PLLs) Market Analysis by Application
The telecom infrastructure segment is expected to hold the largest market share due to the increasing adoption of wireless communication systems and the growing demand for high-speed data transmission. The telecom industry has been rapidly evolving with the advancement of wireless technologies such as 5G, which requires high-performance PLLs to maintain accurate and stable frequency and phase synchronization.
The consumer electronics segment is expected to be the fastest-growing segment due to the increasing demand for smartphones, tablets, and other mobile devices. These devices use PLLs for several applications such as clock generation, frequency synthesis, and synchronization, among others. The demand for high-speed data transmission and low power consumption has resulted in the integration of PLLs into mobile devices.
Global Phase-Locked Loops (PLLs) Market By Type
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Phase-Locked Loops (PLLs) Market Regional Insights
North America dominated the market due to the high adoption of advanced wireless communication technologies and the presence of key market players in the region. The United States is the largest market for PLLs in the region, with major companies such as Texas Instruments, Analog Devices, and National Semiconductor Corporation based in the country.
Asia Pacific is expected to be the fastest-growing region due to the increasing adoption of smartphones and other mobile devices in countries such as China, India, and Japan. The region is also witnessing significant investments in 5G infrastructure, which is expected to drive the demand for high-performance PLLs. China is the largest market for PLLs in the region, with companies such as Huawei Technologies Co. Ltd, ZTE Corporation, and Datang Telecom Technology Co. Ltd. dominating the market.
Global Phase-Locked Loops (PLLs) Market By Region
- Largest
- Fastest
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Phase-Locked Loops (PLLs) Market Dynamics
Phase-Locked Loops (PLLs) Market Drivers
Increasing demand for wireless communication technologies
- With the growing use of smartphones, laptops, tablets, and other mobile devices, there is a significant demand for wireless communication technologies. PLLs are essential components in wireless communication systems, which are driving the growth of the market. For instance, the increasing demand for 5G technology is expected to drive the demand for PLLs as they are crucial in ensuring accurate frequency synchronization for data transmission.
Advancements in semiconductor technology
- The semiconductor industry is witnessing significant advancements in technology, which is driving the growth of the PLLs market. For example, the development of advanced CMOS technology has enabled the production of highly integrated and low-power PLLs, making them ideal for use in various applications, including consumer electronics and telecommunications.
Phase-Locked Loops (PLLs) Market Restraints
High cost of PLLs
- The high cost of PLLs can be a significant barrier to market growth, especially in developing regions where cost is a significant factor in decision-making. For instance, the high cost of PLLs can deter small and medium-sized enterprises from investing in the technology, which can impact the market's growth.
Integration challenges
- The integration of PLLs with other components in a system can be challenging and time-consuming, which can impact the market's growth. For example, integrating PLLs with advanced wireless communication systems requires significant expertise, which can be a challenge for some manufacturers.
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Phase-Locked Loops (PLLs) Market Competitive Landscape
The Global Phase-Locked Loops (PLLs) Market is highly competitive, with the presence of several major players. These players are focusing on product development, strategic partnerships, collaborations, and mergers and acquisitions to maintain their market position and increase their market share. Some of the key players in the global Phase-Locked Loops (PLLs) market are known for their extensive product portfolio, strong distribution network, and high brand recognition. In addition to these major players, there are several other smaller players in the market that are focusing on niche markets or specialized applications. These players are focusing on developing innovative products that cater to specific customer needs. The market is expected to witness several mergers and acquisitions in the coming years as companies aim to increase their market share and expand their product portfolio.
Phase-Locked Loops (PLLs) Market Top Player’s Company Profiles
- Analog Devices (US)
- National Instruments (US)
- Integrated Device Technology, Inc. (US)
- NXP Semiconductors (Netherlands)
- Renesas Electronics Corporation (Japan)
- STMicroelectronics (Switzerland)
- ON Semiconductor (US)
- Cypress Semiconductor Corporation (US)
- Silicon Laboratories (US)
- Microchip Technology Inc. (US)
- Murata Manufacturing Co., Ltd. (Japan)
- Rohm Semiconductor (Japan)
- Kyocera Corporation (Japan)
- Samsung Electronics Co., Ltd. (South Korea)
- Lattice Semiconductor (US)
- Cirrus Logic, Inc. (US)
- Xilinx, Inc. (US)
Phase-Locked Loops (PLLs) Market Recent Developments
- In February 2024, scientists from the Tokyo Institute of Technology revealed that two innovative design techniques have resulted in significant performance enhancements in fractional-N phase-locked loops (PLLs). These techniques were developed to mitigate the occurrence of unwanted signals, commonly referred to as fractional spurs, which often affect PLLs utilized in various modern radar systems and wireless transceivers. The implementation of these methods holds the potential to facilitate technological advancements in wireless communication, autonomous vehicles, surveillance, and tracking systems, particularly in the era beyond 5G.
- In January 2024, THAT Corporation announced its inaugural venture into digital Integrated Circuits (ICs) with the introduction of three cutting-edge audio clocking ICs. The 7200, 7210, and 7220 represent phase-locked loop (PLL) ICs that leverage the renowned JetPLLTM technology developed by audio clocking expert Chris Travis. Acquired under license from Sonopsis Ltd., Travis' technology has been integrated into numerous professional audio products offered by leading brands in the industry. JetPLL technology merges a highly adaptable digital loop for precise control with an analog loop designed to mitigate the quantization noise inherent in the digital loop.
- In June 2023, M31 Technology Corporation (M31), a leading global provider of silicon intellectual property (IP), has announced the successful chip validation of its 12nm Digital PLL IP, marking its readiness for mass production. Additionally, the 7nm Digital PLL IP is poised to enter the tape-out stage for customer usage. Moreover, M31 is actively progressing with the development of 3nm process circuitry, aiming to offer fast locking functions alongside existing features like frequency hopping, spread spectrum, and dynamic sleep modes. These advancements are geared towards addressing the evolving design requirements of the high-end CPU/GPU market, ensuring clock signal stability and reliability across diverse environments and applications.
Phase-Locked Loops (PLLs) Key Market Trends
- Increasing demand for low-power PLLs: The growing demand for low-power electronic devices has led to an increased demand for low-power PLLs. The development of advanced CMOS technology has enabled the production of low-power PLLs that consume less power, making them ideal for use in portable electronic devices such as smartphones and laptops.
- Growing adoption of digital PLLs: Digital PLLs are becoming increasingly popular due to their high accuracy and flexibility. Unlike analog PLLs, digital PLLs offer more accurate frequency synchronization and can be easily programmed to support different frequencies. Digital PLLs are becoming increasingly popular in applications such as telecommunications and data communication, where high accuracy is critical.
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 robust Secondary Desk research.
According to our Global Phase-Locked Loops (PLLs) Market analysis, the is expected to witness significant growth in the coming years due to the increasing demand for high-speed and low-jitter signal generation in various applications such as data communication, telecom infrastructure, and consumer electronics. The market is also driven by the growing need for improved network performance and connectivity, especially in emerging economies. However, the market faces challenges in terms of design complexity and the availability of alternative solutions. Key trends in the market include the integration of PLLs with other circuits and the development of advanced PLL technologies for enhanced performance. The leading players in the market are investing heavily in research and development activities to introduce innovative products and expand their market presence.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 2.66 billion |
| Market size value in 2031 | USD 4.31 billion |
| Growth Rate | 5.5% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| 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 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 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 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 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 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 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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