Logic Semiconductor Market Outlook
According to a new report by Expert Market Research titled, “Global Logic Semiconductor Market Size, Share, Analysis, Report and Forecast 2024-2032″, the logic semiconductor market is reached a value of USD 148.20 billion in 2023. Aided by the growing demand for advanced electronic devices and the rising utilisation of chips in essential technologies, the market is projected to further grow at a CAGR of 6.1% between 2024 and 2032 to reach a value of USD 157.24 billion by 2032.
Logic semiconductors are crucial components in digital circuits and are primarily used for data computation, processing, and storage in electronic devices. They are designed to perform logical operations and function as the building blocks of electronic devices such as smartphones, computers, and IoT devices. They are pivotal in making these devices smarter, faster, and more efficient, hence playing a significant role in technological advancement and digital transformation.
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The increasing demand for sophisticated electronic devices is a key driver propelling the global logic semiconductor market growth. With the evolution of technology and the proliferation of smart devices, there has been a substantial shift towards more advanced and feature-rich electronic products. This transition has led to a surge in demand for high-performance logic semiconductors. Furthermore, the rising trend of digitalisation and the growing penetration of IoT devices have boosted the popularity of logic semiconductors, as they form the core of these digitally-enabled systems.
The expanding applications of logic semiconductors in various industries significantly contribute to the logic semiconductor market development. In the automotive industry, for instance, logic semiconductors are extensively used in the development of advanced driver-assistance systems (ADAS) and electric vehicles. In the medical industry, they are used in medical imaging devices and health monitoring systems. The use of logic semiconductors in the development of advanced robotic systems and artificial intelligence applications further underscores their importance in the current technological landscape.
Moreover, the increasing focus on enhancing computational power and energy efficiency in the electronics industry has led to an elevated emphasis on logic semiconductors, propelling the logic semiconductor market growth. With the growing environmental concerns and the push for energy-efficient devices, the need for high-performance, low-power logic semiconductors has grown significantly.
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Lastly, the rising trends of miniaturisation and integration in electronic devices have opened new avenues for the development of advanced logic semiconductors. The growth of wearables and the increasing demand for compact yet powerful devices are expected to further stimulate the logic semiconductor market expansion.
Logic Semiconductor Market Segmentation
The market can be divided based on type, end use, and region.
Market Breakup by Type
- Special Purpose Logic
- Display Drivers
- General Purpose Logic
- Application Specific Integrated Circuit
- Programmable Logic Devices
Market Breakup by End Use
- Communication
- Consumer Electronics
- Automotive
- Manufacturing
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global logic semiconductor companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Intel Corporation
- Taiwan Semiconductor Manufacturing Company
- Samsung Electronics Co., Ltd
- STMicroelectronics
- Lattice Semiconductor Corporation
- Advanced Micro Devices, Inc
- NXP Semiconductors N.V
- Fuji Electric Co., Ltd
- Renesas Electronics Corporation
- Teledyne Technologies Incorporated
- Others
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