The global demand for the PLL clock generator market is expected to reach approximately US$ 6,322.9 million in 2022. It is projected to experience a steady growth rate, with a CAGR of 5.9% over the period from 2022 to 2032, ultimately reaching a value of around US$ 11,182.7 million.
This growth can be attributed to several factors, including the increasing trend towards digitalization and the growing reliance on semiconductor technology. Notably, in the previous five years, from 2016 to 2021, the PLL clock generator market exhibited a CAGR of 4.6%, indicating a consistent upward trajectory.
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.
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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 carry like low noise and jitter. Basically, a PLL is a phase-locked loop, which is used to remove the error that 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.
Global Market of PLL Clock Generator: Drivers and Restraint:
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 PLL clock generators 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 the 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.
Factors such as high cost can be expected to make a negative impact on the market in the 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 shift 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, is expected to continue propelling the market for PLL clock generators during the forecast period
Asia Pacific continues to be the hotbed of the electronics market, thus propelling most of the demand for the PLL clock generators. Further, the North America market led by the US is expected to remain the second largest market for PLL clock generators, the trend expected to continue over the years, followed by Western Europe also expected to witness a healthy CAGR
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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 $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.
Leading Key Players:
- Cirrus Logic
- Microsemi Corporation
- ON Semiconductor
- Maxim Integrated
- Integrated Device Technology Inc.
- Texas Instruments Incorporated
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PLL Clock Generator Market Segmentation:
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
By Output Stage:
- CMOS
- CMOS, PECL
- Clock
- PECL
- LVCMOS
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
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