Global PLL clock generator market demand is anticipated to be valued at USD 6,322.9 Million in 2022, forecast a CAGR of 5.9% to be valued at USD 11,182.7 Million from 2022 to 2032. Growth is attributed to increasing digitalization and increased use of semiconductors. From 2016 to 2021 a CAGR of 4.6% was registered for the PLL clock generator market.
Today clock generators have become the basic building blocks of all electronics. They have a wide variety of applications, ranging from a small memory chip to a supercomputer. Clock generators basically generate waveforms, which are required for working at a particular frequency, as required by the equipment.
In many applications, oscillators are used for the same, but a clock generator can generate a variety of frequencies, which cannot be generated using an oscillator. Basically, a clock generator has two components, namely resonators, and crystals.
Apart from the umpteenth of uses of clock generators, PLL clock generators came into the market because of the additional advantages it carries like low noise and jitter. Basically, a PLL is a phase-locked loop, which is used to remove the error which occurs in the frequency generated.
It removes the error in the frequency by comparing the output with a reference signal and then generates an error signal, and the output signal gets corrected by the error signal, by either decreasing or increasing it, and then the correct signal is locked which is then sent to the specified application, thus improving the accuracy of the generated frequency.
| Data Points | Key Statistics |
|---|---|
| Growth Rate (2016 to 2021) | 4.6% CAGR |
| Projected Growth Rate (2022 to 2032) | 5.9% CAGR |
| Expected Market Value (2022) | USD 6,322.9 Million |
| Anticipated Forecast Value (2032) | USD 11,182.7 Million |
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Growing Applications in Many Devices Drive the Growth of the Market
With the increasingly stringent timing constraints required in high-performance systems extensively used in day-to-day applications today, the PLL clock generator is finding its applications in myriads of devices. This extensive use of the PLL clock generator is expected to increase its demand in the market, witnessing a healthy CAGR in the forecast period.
Phase/delay compensation, frequency multiplication, duty cycle correction, decreased noise, and jitter are some of the key benefits, offered by the PLL clock generator, which are not present in simple clock generators. As the PLL clock generator is the basic building block of any system, these benefits basically eliminate all the errors that can occur while frequency generation. This highly reduces the probability of errors in the overall system, may the PLL clock generator is deployed in any system.
High Cost May Impede the Growth of the Market
Although the PLL clock generator market has numerous end-uses, there are numerous obstacles that likely pose a challenge to market growth. Factors such as high cost can be expected to make a negative impact on the market in short term, but as the benefits from the PLL clock generator are ascertained, the overall impact will diminish in the long term.
However, the paradigm shifts from using basic clock generators to PLL clock generators, due to reduced jitter and noise, thereby increasing the overall efficiency of the systems in which the PLL clock generators are deployed, which is expected to continue propelling the market for PLL clock generators during the forecast period
Increase in Adoption of Smart Devices Driving Market Expansion
North America will continue to dominate the global PLL clock generator market attributed to the significant demand for high-quality, durable, and unique features n gadgets. North America accounts for a total of 32.2% of the global PLL clock generator market share.
The increasing use in end-use applications ranging from IoT, connected devices, and artificial intelligence are effectively leveraging the use of the PLL clock generator. Furthermore, defense and commercial applications involving 5G technologies boost market size across the USA
Increasing Advancements in Semiconductor System Designs Driving Market Growth in Europe
According to Future Market Insights, Europe is expected to provide immense growth opportunities for the PLL clock generator market, due to the presence of a large number of semiconductor industries. Europe is projected to account for 21.1% of the total market share in the PLL clock generator market during the assessment period.
The market is interspersed with increasing investments by prominent market players. Advanced semiconductor system design and manufacturing, rising investments by key players in electric vehicles, and growing usage of smartphones are driving market growth in Europe.
The Asia Pacific is anticipated to exhibit a significant growth rate in the PLL clock generator market over the forecast period. The growth of the market in the region is attributed to the growing electronic industry.
Due to the rising use of semiconductor systems in various industries, including automotive, consumer electronics, IT, and telecommunications, the PLL clock generator market is expected to witness growth in the region. Also, the growing use of consumer electronics, automotive applications, and manufacturing applications of the Internet of Things (IoT), as well as rapid IoT adoption in many of these sectors also boosts the market demand.
Asia-Pacific is expected to register the fastest growth in revenue generation in the PLL clock generator market due to the presence of giant local manufacturers in countries, such as Japan, China, and India.
The new entrants in the PLL clock generator market are continually indulging in several collaborations and highly investing in research and development activities to provide more convenient solutions to industry verticals. Some of the major start-ups that are leading the development of the market are - Mouser Electronics and Maxmimintegrated
Cirrus Logic, Microsemi Corporation, ON Semiconductor, Maxim Integrated, Integrated Device Technology, Inc., and Texas Instruments Incorporated, are some of the key players in the PLL Clock Generator market.
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| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.9% from 2022 to 2032 |
| Expected Market Value (2022) | USD 6,322.9 Million |
| Anticipated Forecast Value (2032) | USD 11,182.7 Million |
| Base Year for Estimation | 2021 |
| Historical Data | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Output Frequency, Output Stage, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Mexico, Brazil, Germany, Italy, France, United Kingdom, Spain, China, Japan, South Korea, Indonesia, Thailand, Singapore, Australia, New Zealand, GCC Countries, South Africa, Israel |
| Key Companies Profiled | Cirrus Logic; Microsemi Corporation; ON Semiconductor; Maxim Integrated; Integrated Device Technology Inc.; Texas Instruments Incorporated |
| Customization | Available Upon Request |
FMI projects the global PLL clock generators market to expand at a 5.9% value CAGR by 2032.
North America is expected to be the most opportunistic with a 32.2% share of the total PLL clock generators market
Cirrus Logic, Microsemi Corporation, ON Semiconductor, Maxim Integrated, and Integrated Device Technology, Inc. are some prominent PLL clock generators, and market manufacturers.
PLL Clock Generator Market
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