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Logic Nodes Market 2024-2033 - Size, Growth, Trends & Competitive Landscape
Logic Nodes Market
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According to The Business Research Company's, The logic nodes market size has grown steadily in recent years. It will grow from $2.82 billion in 2023 to $2.91 billion in 2024 at a compound annual growth rate (CAGR) of 3.3%. The growth in the historic period can be attributed to growing miniaturization of electronic devices, growth in consumer electronics, increasing use of automation in manufacturing, rise in automotive electronics, growth in industrial electronics.
The logic nodes market size is expected to see strong growth in the next few years. It will grow to $3.74 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to rising demand for electric vehicles, growth in renewable energy projects, surge in smart home devices, increasing focus on energy efficiency, increasing adoption of 5g technology. Major trends in the forecast period include growing adoption of thin film technology, integration of resistors in advanced driver-assistance systems (adas), development of resistor networks for complex circuits, increased use of resistors in renewable energy applications, strategic partnerships and collaborations.
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Market Drivers and Trends:
The expanding internet connectivity is expected to propel the growth of the logic node market going forward. Internet connectivity is the ability of devices and networks to access and communicate over the global internet infrastructure, allowing data exchange and online interactions. Internet connectivity is rising due to increased digital transformation, the proliferation of smart devices, and expanded network infrastructure globally. Logic nodes are required for internet connectivity because they manage data routing, processing, and traffic control, ensuring efficient and reliable communication between devices on a network. For instance, in November 2022, according to a report published by the International Telecommunication Union, a Switzerland-based specialized agency, an estimated 5.3 billion people, or 66 percent of the global population, used the Internet in 2022. This represents a 6.1 percent growth rate from 2021. Therefore, the expanding internet connectivity is driving the growth of the logic node market.
Major companies operating in the logic node market are adopting a strategic partnership approach to build advanced semiconductor technology. A strategic partnership is a formal alliance between two or more organizations with the goal of achieving specific, mutually beneficial objectives. For instance, in December 2022, IBM, a US-based provider of global hybrid cloud, AI, and consulting expertise, and Rapidus, a Japan-based semiconductor manufacturer, formed a joint development partnership to advance logic scaling technology as part of Japan's efforts to establish itself as a global leader in semiconductor research, development, and manufacturing. The result of this long-awaited international collaboration is essential for Japan to regain a vital role in the semiconductor supply chain. This partnership will enable Rapidus to contribute to the well-being of humanity through advanced logic semiconductors produced using technologies developed jointly with IBM.
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Major Key Players of the Market:
Taiwan Semiconductor Manufacturing Company, Qualcomm Inc., Samsung Semiconductor, SK Hynix, Broadcom Inc., Micron Technology, ASML Holding, Murata Manufacturing Co. Ltd., United Microelectronics Corporation, GlobalFoundries Inc., Texas Instruments, ROHM CO. LTD., Vishay Intertechnology Inc., Bourns Inc., AVX Corporation, TT Electronics, Guangdong Fenghua Advanced Technology Holding Co. Ltd., CTS Corporation, Holy Stone Enterprise Co. Ltd., Kyocera AVX, Caddock Electronics Inc., Susumu Co. Ltd., Ralec Electronic Corp., Asj Holdings Limited, Tateyama Kagaku Industry
Logic Nodes Market 2024 Key Insights:
• The logic nodes market size is expected to see strong growth in the next few years. It will grow to $3.74 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%.
• Expanding Internet Connectivity Propels The Logic Node Market Growth
• Strategic Partnerships Propel Logic Nodes Market With Advanced Semiconductor Technology
• Asia-Pacific was the largest region in the logic nodes market in 2023
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