Logic IC Market 2024-2031: Demand Analysis, Industry Size, Share, Growth Factor, Revenue, Key Manufacturers, Competition Strategies and Forecast to 2031 | Intel Corporation, Texas Instruments Inc

Logic ICs, also known as logic devices or logic circuits, are digital electronic circuits that operate using Boolean algebra. They are designed to analyze, process and amplify input signals into output signals. Logic ICs find applications in various digital electronics devices including computers, mobile phones and other consumer electronics.

Market Dynamics:

The logic IC market is expected to witness significant growth over the forecast period owing to two major drivers - increased demand for consumer electronics and growing adoption of artificial intelligence technologies. Consumer electronics sector has been witnessing steady growth globally in recent years with rising disposable incomes of middle-class population in developing countries. This has substantially increased the demand for devices such as smartphones, laptops, home appliances and gaming consoles, which use logic ICs as core components. In addition, growing adoption of artificial intelligence across industries is also expected to fuel the demand for logic ICs as AI technologies require powerful processors and integrated circuits for seamless operation.

The market size for Logic ICs was estimated to be around US$ 144.76 billion in 2022 and is expected to reach US$ 242.84 billion by 2030, with a CAGR of 6.68% during the forecast period.

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Increasing demand for smart electronics devices as a major driver for Logic IC Market

The growing adoption of advanced technologies such as artificial intelligence, IoT, cloud and big data analytics across different industry verticals has fueled the demand for smart and connected electronics devices. Consumer electronics manufacturers are launching various smart devices equipped with advanced features to attract more users. For instance, smart wearable devices, smart home appliances, smart security systems etc. All these devices require logic ICs to function and process the data. As per recent reports, the global smart devices market is expected to grow at a CAGR of over 15% during the forecast period. This rising demand for smart electronics coupled with continuous decline in the prices of logic ICs will significantly drive the growth of global logic IC market in the coming years.

Growing need for high processing power in smartphones and laptops acts as another major driver

Smartphones and laptops have become an integral part of our daily lives. Consumer demand for high performance and power efficient smartphones and laptops with advanced features is ever increasing. To support computation intensive applications and deliver seamless user experience, smartphone and laptop OEMs are focusing on integrating powerful and efficient processors. This growing need for high processing power in consumer electronics is augmenting the demand for advanced logic ICs which can efficiently perform various computational tasks. Furthermore, continuous innovation and upgrades in processors by chip makers to deliver superior performance is also fueling the growth of logic IC market.

Major Key Players:

Intel Corporation, Texas Instruments Inc., Infineon Technologies AG, Broadcom Inc., Analog Devices, Inc., NXP Semiconductors N.V., Renesas Electronics Corporation, Toshiba Corporation, ON Semiconductor Corporation, STMicroelectronics N.V., Microchip Technology Inc., Maxim Integrated Products, Inc., Qualcomm Technologies, Inc., MediaTek Inc., Samsung Electronics Co. Ltd.

Detailed Segmentation:

Global Logic IC Market , By Type:
NAND
NOR
AND
XOR
Others
Global Logic IC Market , By Application:
Consumer Electronics
Automotive
Industrial
Healthcare
Others
Global Logic IC Market , By Technology:
Bipolar
MOS
BiCMOS
Global Logic IC Market , By End User:
OEMs
Distributors
System Integrators
Global Logic IC Market , By Product:
Microprocessors
Microcontrollers
Digital Signal Processors
Others

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Decline in ASP posing a major threat to the logic IC market growth

Over the years, the average selling price of logic ICs has declined significantly due to fierce competition in the market and technology advancements enabling integration of more features in smaller semiconductors. The ASP decline puts pressure on the revenues and margins of logic IC manufacturers. This declining trend of ASP is expected to continue in the future as well due to emergence of foundries offering cost effective manufacturing technologies. Moreover, commoditization of certain low-end logic ICs is another factor contributing to ASP erosion. The decline in average selling prices postulates a serious threat to the profitability and sustainability of logic IC market players in the long run if not balanced with continuous cost reductions.

Growth of edge computing and IoT devices opens new business opportunities

Edge computing is emerging as a critical enabler of IoT by moving computation and data storage closer to the edge devices where data is generated. This distributed computing model promises lower latency, better security along with reduced network bandwidth usage. As the number of IoT devices exponentially increases, there will be massive deployment of edge nodes/servers across various locations. These edge servers/nodes require powerful yet low power logic ICs to efficiently process and analyze large amount of real-time data generated from IoT devices. Furthermore, the proliferation of IoT devices itself generates huge opportunity for logic IC manufacturers. Therefore, edge computing and IoT presents a lucrative market opportunity for logic IC vendors to cater to this growing demand.

Emergence of AI, 5G and deep learning applications drive technology evolution

Emerging technologies such as artificial intelligence, 5G networks and deep learning applications are revolutionizing various domains including automotive, healthcare, industrial etc. All these applications require highly powerful and efficient AI processors/accelerators to perform complex machine learning and deep learning tasks. To gain competitive edge, chip makers are developing new generation logic ICs integrating specialized AI capabilities which can efficiently handle advanced AI workloads. Furthermore, roll out of 5G networks globally will spur the demand for edge computing servers equipped with powerful yet low power logic ICs. This evolution of newer technologies is propelling innovation in logic ICs with higher performance capabilities meeting the latency and power requirements of sophisticated AI/ML applications. This technological transition presents an important growth trend for logic IC market.

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𝗙𝗔𝗤'𝗦:

What is the projected size of the Logic IC Market by 2031?
Which major countries will experience the greatest impact from the Logic IC Market?
Which regional market in the Logic IC Market is the largest?
Which leading companies dominate the majority of the Logic IC Market?
Which geographic market within the Logic IC Market industry is expected to exhibit the most significant growth potential?
What are the primary drivers of the Logic IC Market?
What are the current trends and future predictions for the global Logic IC Market industry?
What are the key strategies employed in the Logic IC Market?
What are the main growth prospects for the Logic IC Market?

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