Increasing demand for consumer electronics and IoT (internet of things) expansion is expected to drive market expansion in the near future at a CAGR of 5.00% during the forecast period 2023 to 2032.
Market Research Future (MRFR) has published a cooked research report on the “Global Logic semiconductor Market” that contains information from 2018 to 2032. The logic semiconductor market is estimated to register a CAGR of 5.00% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global logic semiconductor market— Fujitsu Semiconductor Ltd., Lattice Semiconductor Corporation, Intel Corporation, Xilinx, Inc., Fuji Electric Co. Ltd., NXP Semiconductors, Novatek Microelectronics Corporation, Himax Technologies, Inc., Teledyne Defense Electronics, LLC, Samsung Electronics Co., Ltd.
Logic Semiconductors Market Highlights
The global logic semiconductor market is accounted to register a CAGR of 5.00% during the forecast period and is estimated to reach USD 176.0 billion by 2032.
The logic semiconductor market is undergoing a significant transformation driven by the relentless pace of innovation and a perpetual quest for increased performance, efficiency, and miniaturization. As the backbone of digital technology, logic semiconductors are subject to ever-evolving demands driven by the burgeoning consumer electronics sector, the rapid expansion of the Internet of Things (IoT), and the essential role they play in emerging technologies like artificial intelligence and 5G. Supply chain challenges, geopolitical factors, and environmental concerns further influence the market dynamics, necessitating adaptability and resilience among semiconductor manufacturers. Amidst this dynamic landscape, companies strive to create specialized solutions and maintain a competitive edge, resulting in a continuous cycle of research and development to meet the diverse and evolving demands of various industries and applications.
Segment Analysis
The global logic semiconductor market has been segmented based type, and end-user.
On the basis of type, the market is segmented into Special Purpose Logics, Display Drivers, General Purpose Logic, Application Specific Integrated Circuit, and Programmable Logic Devices. The Programmable Logic Devices segment dominated the market in 2022 due to the rising data centers and cloud computing, and artificial intelligence and machine learning.
Based on end-user, the global logic semiconductor market has been segmented into Communication, Consumer Electronics, Automotive, Manufacturing, and Others. The manufacturing category generated the most revenue in 2022. AI and ML applications rely heavily on logic semiconductors to perform data processing and inference tasks. As these fields continue to evolve, logic semiconductor demand will increase.
Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Logic Semiconductor Market Research Report
Regional Analysis
The global logic semiconductor market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe logic semiconductor market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The logic semiconductor market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World logic semiconductor market comprises of Middle East, Africa, and Latin America.
The Asia Pacific region stands as the epicenter of the global logic semiconductor industry, primarily due to the presence of major semiconductor manufacturing hubs in countries like Taiwan, South Korea, and China. Taiwan, in particular, is known for its cutting-edge semiconductor foundries and advanced process technology nodes. South Korea is home to leading memory chip manufacturers. China is continually investing in domestic semiconductor production. The Asia Pacific region is a hub for consumer electronics manufacturing and rapid technology adoption, driving the demand for logic semiconductors. Furthermore, the region benefits from a skilled workforce and strong government support for the semiconductor industry.
Moreover, Europe plays a significant role in the global logic semiconductor industry, particularly in automotive and industrial applications. European countries like Germany have a strong presence in automotive electronics and industrial automation, which rely on advanced logic semiconductors for various functions, including advanced driver-assistance systems (ADAS) and factory automation. The European Union has also taken initiatives to bolster its semiconductor industry's competitiveness, investing in research and development.
Additionally, North America, notably the United States, is a key player in the global logic semiconductor industry. Silicon Valley is renowned as a technology and innovation epicenter, with major semiconductor companies headquartered in the region. The U.S. is a leader in the development of cutting-edge technologies, including artificial intelligence, cloud computing, and networking equipment, all of which rely heavily on logic semiconductors. The region fosters an environment for startups and innovation in the semiconductor space, and it has a strong presence in FPGA (Field-Programmable Gate Array) manufacturing.
Furthermore, the rest of the world's logic semiconductor market is divided into the Middle East, Africa, and Latin America. Some countries in the Middle East are rapidly adopting advanced collaboration services, others are still in the early stages of adoption. Latin American countries such as Brazil and Mexico are also witnessing growing interest in collaboration product to support remote and hybrid work models. Government initiatives and investments in digital infrastructure contribute to market growth.
Key Findings of the Study
- The global logic semiconductor market is expected to reach USD 176.0 billion by 2032, at a CAGR of 5.00% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market due to the rising penetration of programmable logic devices, and expansion of market players in Asia-Pacific region which support the Asia-Pacific region growth during the forecast period.
- Based on end-user, the manufacturing segment was attributed to holding the largest market in 2022.
- Fujitsu Semiconductor Ltd., Lattice Semiconductor Corporation, Intel Corporation, Xilinx, Inc., Fuji Electric Co. Ltd., NXP Semiconductors, Novatek Microelectronics Corporation, Himax Technologies, Inc., Teledyne Defense Electronics, LLC, Samsung Electronics Co., Ltd
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Companies Covered | 15 |
Pages | 128 |
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