Standard Logic Devices Market: Rising Demand for Automated Driving Boosts Standard Logic Devices Market
According to Transparency Market Research (TMR), the global standard logic devices market had a revenue valuation of close to US$51.2 bn in 2016 and is likely to rise to more than US$92 bn over the 2017-2025 forecast period. The standard logic devices market is expected to exhibit a strong 6.9% CAGR in the forecast period, and is likely to be dominated by Asia Pacific markets, with booming Middle Eastern economies also showing significant promise.
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Rising Demand for Automated Driving Boosts Standard Logic Devices Market
Rising demand for automobiles that sport automated driving support systems, along with the growing demand for electrical equipment in automobiles, will further propel the growth of the standard logic devices market. In addition to this value creation by integrating sensors, the rising use of actuators and artificial intelligence (AI) in various industries is promoting the growth of the standard logic devices market.
Furthermore, in the coming years, the market for gate type IC is expected to experience faster growth. This is due to the rising adoption of high and ultra-high-level-integration integrated circuits in the smartphones and gaming industries. This ongoing trend is expected to boost the standard logic devices market over the coming years, as these industries have been boosted by the presence of a solid consumer demographic in urban centers. Rising demands as per smartphone performance are thus likely to remain a key driver for the global standard logic devices market in the coming years.
Inability to Reprogam Fixed Logic Devices Hampers Standard Logic Devices Market
The standard logic devices market also faces certain drawbacks. A major factor restraining the growth of this market is the inability of fixed logic devices to be programmed again. Standard logic devices work on fixed programs, with which the logic device is configured at the time of designing/manufacture. Once a logic device is implemented in a circuit, it cannot be programmed again. This is expected to have a negative impact on the market for individual standard logic devices.
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The information in this preview comes from a Transparency Market Research report titled ‘Standard Logic Devices Market (Gate IC Type - OR, AND, Universal Gates, EXOR, and EXNOR; Buffer/Driver Type - Inverting and Non- Inverting; Transceiver Type - Standard, Parity, and Registered; Flip-Flop - SR Flip Flop, D Flip Flop, and JK Flip Flop, T Flip Flop; Switches and Multiplexer Type - Analog, Buffered, and Protocol Specific; Register Type - Storage Registers and Shift Registers) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations
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