PLL Clock Generator Market

PLL Clock Generator Market Snapshot (2022 to 2032)

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

Which are Some Prominent Drivers Spearheading PLL Clock Generator Market Growth?

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.

What are the Challenges Faced by the PLL Clock Generator Industry?

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

Why is North America Emerging as an Opportunistic PLL Clock Generator Market?

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

How is Europe Contributing to the Growth of the PLL Clock Generator Market?

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.

Will the Asia Pacific emerge as an Attractive PLL Clock Generator Market?

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.

Startup Scenario

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

• Maxmimintegrated introduced the MAX9491 multipurpose clock generator ideal for communication applications. It offers a factory-programmable PLL output that can be set to almost any frequency, ranging from 4MHz to 200MHz. The MAX9491 uses a one-time programmable (OTP) ROM to program the PLL output. The MAX9491 also features an integrated voltage-controlled crystal oscillator (VCXO) that is tuned by a DC voltage.

Market Competition

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.

Key development:

Product launch

• In August 2015, Texas Instruments launched LMK03328. The product has an edge over the other PLL clock generators because of an Ultra-Low Jitter Clock Generator and can generate multiple clocks for various multi-gigabit serial interfaces and digital devices which improves reliability and the ultra-low jitter reduces the bit error rate in high-speed serial links
• In October 2022 Renesas Electronics Corporation a premier supplier of advanced semiconductor solutions announced that it has completed the acquisition of Steradian Semiconductors Private Limited (Steradian), a fabless semiconductor company providing 4D imaging radar solutions
• In July 2021 - Cirrus Logic, Inc. announced the acquisition of California-based Lion Semiconductor for USD 335 million in cash. This acquisition brings unique intellectual property and products for power applications in smartphones, laptops, and other devices and accelerates the growth of the company’s high-performance mixed-signal business.
• In October 2020 - Microchip Technology Inc. announced the acquisition of Tekron International Limited, a global leader in providing high-precision GPS and atomic clock time-keeping technologies and solutions for the smart grid and other industrial applications.

Report Scope

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

Key Segments Profiled in the PLL Clock Generator Industry Survey

PLL Clock Generator Market by Output Frequency:

• Less than 200 MHz PLL Clock Generator
• 200 to 400 MHz PLL Clock Generator
• 400 to 600 MHz PLL Clock Generator
• 600 to 800 MHz PLL Clock Generator

PLL Clock Generator Market by Output Stage:

• CMOS
• CMOS, PECL
• Clock
• PECL
• LVCMOS

PLL Clock Generator Market by Region:

• North America PLL Clock Generator Market
• Latin America PLL Clock Generator Market
• Europe PLL Clock Generator Market
• Asia-Pacific PLL Clock Generator Market
• Middle East & Africa. PLL Clock Generator Market

Frequently Asked Questions

What is the anticipated growth of the PLL clock generators market until 2032?

FMI projects the global PLL clock generators market to expand at a 5.9% value CAGR by 2032.

Which region is forecast to be the most lucrative for PLL clock generator market growth?

North America is expected to be the most opportunistic with a 32.2% share of the total PLL clock generators market

Which are some prominent dialysis PLL clock generators market manufacturers?

Cirrus Logic, Microsemi Corporation, ON Semiconductor, Maxim Integrated, and Integrated Device Technology, Inc. are some prominent PLL clock generators, and market manufacturers.