WILMINGTON, DE / ACCESSWIRE / January 30, 2023 / Transparency Market Research Inc. - Significant preference for advanced digital chips is anticipated to create abundant opportunities for companies in the global logic semiconductor market. IC manufacturers and designers are committing sizable investments in R&D of programmable logic devices, which is expected to bolster logic semiconductor market development. The market size is projected to reach US$ 491.1 Bn by 2031.
Demand for energy-efficient and compact electronics, especially in computing devices, has created lucrative avenues for logic semiconductor manufacturers. Surge in sales of smartphones and other smart mobile devices has boosted the commercialization of logic semiconductor chips in the consumer electronics industry. Increase in utilization of programmable logic devices (PLDs) in digital electronics is expected to favorably influence logic semiconductor market growth.
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Key Findings of Study
- Substantial R&D in Programmable Logic Devices (PLDs) in Several Industries: Rise in usage of programmable logic devices (PLDs) in IT& telecom, automotive, and consumer electronics industries has generated substantial revenues for companies in the logic semiconductor industry. R&D in field-programmable gate arrays (FPGAs)-based circuit designs is likely to open up new opportunities for semiconductor companies in the market. Semiconductor companies are unveiling next-gen chips based on PLDs in order to cater to the rise in demand for smart chips that allow faster data transmission. The flexibility to modify the functionality of programmable logic devices depending on end-use requirements is a key advantage that is likely to increase the adoption of these PLDs in end-use industries.
- Rise in Preference for Smart and Efficient Consumer Electronics to Fuel Business Opportunities: Rise in demand for smart and compact consumer electronics devices in the past few years has generated considerable revenue streams for companies in the market. A wide range of logic semiconductors are utilized in counter ICs, flip-flop ICs, and encoder ICs. Increase in usage of smart consumer electronics has accelerated logic semiconductor industry growth. Increase in market trend of printed circuit board (PCB) miniaturization in consumer electronics is anticipated to boost the logic semiconductor market outlook.
Key Drivers
- Rise in use of broadband devices has spurred need for higher data processing speeds, especially in consumer devices. The trend has created demand for advanced integrated circuitry among end-use industries, which is expected to propel the logic semiconductor industry.
- Increase in utilization of next-gen logic devices in IT & telecom equipment is anticipated to create abundant opportunities for companies in the global logic semiconductor market
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Regional Growth Dynamics
- North America held a significant share of the global market. Demand for products in North America is fueled by the rise in utilization of logic semiconductor chips in digital electronics. Intense competition between prominent companies in the region is likely to broaden the market outlook.
- Asia Pacific held major market share in 2021. The logic semiconductor market in Asia Pacific is propelled by rise in demand for automotive and consumer electronics, especially in India, South Korea, Japan, and China. Recent market trends indicate that increased focus on PCB miniaturization and high-end automotive circuit designs has positively influenced demand in the automotive sector. Incorporation of next-gen logic solutions in automobiles is expected to generate revenues for logic semiconductor manufacturers in the regional market.
Competition Landscape
The market landscape is fragmented, with several companies controlling the demand and supply of products. Prominent companies are implementing the strategies of merger and acquisition and product portfolio expansion in order to consolidate their position in the market.
Top players operating in the market include Advanced Micro Devices, Inc., Broadcom Inc., Infineon Technologies, Lattice Semiconductor, Renesas Electronics Corporation, Microsemi Corporation, Intel Corporation, and Toshiba.
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Market Segmentation
Product Type
- Logic gates
- Flip Flop ICs
- Multiplexers/Demultiplexers ICs
- Encoder and Decoder ICs
- Counter ICs
- Others (Inventor ICs, Logic comparators, Buffers, etc.)
Type
- Fixed Logic Devices
- Programmable Logic Devices
- Simple Programmable Logic Devices
- Complex Programmable Logic Devices
- Field Programmable Logic Gate Arrays
Industry Vertical
- Aerospace and Defense
- Consumer Electronic
- Automotive and Transportation
- IT and Telecom
- Industrial
- Others (Healthcare, Energy and Utility, Etc.)
Regions Covered
- North America
- Latin America
- Asia Pacific
- Europe
- Middle East & Africa
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