USD 367.98 billion
Report ID: SQMIG45K2039 | Region: Global | Published Date: June, 2023 | Pages: 157 | Tables: 61 | Figures: 77
Automotive Phase-Locked Loops (PLLs) Market size was valued at USD 367.98 billion in 2021 and is poised to grow from USD 392.27 billion in 2022 to USD 613.60 billion by 2030, at a CAGR of 6.6% during the forecast period (2023-2030).
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.
Global Market Size
USD 367.98 billion
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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.
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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.
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Automotive Phase-Locked Loops (PLLs) Market Drivers
Growing demand for In-Vehicle Connectivity to Bolster Market Growth
Automotive Phase-Locked Loops (PLLs) Market Restraints
Patent and Regulatory Issues to Hinder Market Growth
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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
Automotive Phase-Locked Loops (PLLs) Market Recent Developments
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.
In November 2022, A GaN-on-SiC PAM designed for commercial and military radar applications was released by Qorvo, Inc. It has the highest gain of any 100-watt L-band (1.2-1.4 GHz) compact solution. The circuit footprint of the QPA2511 GaN-on-SiC PAM is 70% lower than comparable two-stage alternatives while still providing an integrated two-stage amplifier solution with 60% power-added efficiency.
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.
|Market size value in 2021||USD 367.98 billion|
|Market size value in 2030||USD 613.60 billion|
|Forecast Unit (Value)||USD Billion|
|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)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
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For the Global 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 Global 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.
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