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The logic semiconductors market perceives notable trends reshaping the industry landscape. One of these trends is the increasing demand for advanced logic chips with enhanced processing capabilities. Along with the rapidly evolving technology space, the need for logic semiconductors that can handle complex computations and support the sophisticated applications development in various industries is growing at an equal pace. The rise of AI and ML applications is another significant trend in the logic semiconductors market. These technologies, require the high-performance logic chips to process data and recognize a pattern that assist in doing decision making. While the AI and ML evolve to become a part of the healthcare, automotive, and engineering in the finance sector, the demand for high-performance logic semiconductors is increasing. There is also a path which follows along of the market for more efficient energy logic semiconductor solutions.
As the level of emphasis on sustainability and energy efficiency grows, chip manufacturers tend to invest in power-efficient CPUs that offer remarkable performance without excessive power generation. One of the most important trends is power efficiency, especially when talking about mobile and IoT (Internet of Things) where energy consumption can play an important role for long battery life time and devices which are ready to be put into use. In addition, the market for Logic Semiconductors is witnessing an increase in the trend of increased adoption of higher advanced manufacturing technologies. The shift to lower nodes, including 7nm and 5nm, can be attributed to smaller silicon processors that are less power intensive. This helps not only in achieving an enhanced performance but also to enable adding more functionality within a small space.
The semiconductor manufacturing processes arms race is further gaining momentum with companies focused on winning market share for logic innovation solutions. Secondly, enhanced attention is paid to automotive solutions by the market due to a rapidly growing number of in-vehicle electronics products offered. With growing autonomous driving capabilities and driver assistance systems, infotainment being additional parts of these vehicles, the need for logic semiconductors customized to automotive application rises. This phenomenon is in accordance with the automotive industry developments as such, larger automotive fleet has combined smart connected and electric vehicles.
The global supply chain dynamics influences the Logic Semiconductors market drivers and restrains. The sector has been faced with challenges regarding semiconductor shortages and essentially affecting the capacities of production levels, making the lead time rush enormously high. This has pushed the firms to establish and rethink their supply chain strategies with emphasis on resilience and value creating opportunities.
Logic Semiconductors Market Highlights:
Global Logic Semiconductors Market Overview:
Logic Semiconductors Market Size was valued at USD 111.44 Billion in 2022. The logic semiconductors market industry is projected to grow from USD 119.1 Billion in 2023 to USD 159.09 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.40% during the forecast period (2023 - 2032). Increasing demand for consumer electronics and IoT (internet of things) expansion are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Logic Semiconductors Market Trends
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Increasing demand for consumer electronics anticipated market growth
Market CAGR for the growing appetite for consumer electronics, including smartphones, tablets, laptops, and gaming consoles, remains a significant driver for the logic semiconductor industry. As per data from the Consumer Technology Association (CTA), the global consumer electronics market reached in 2020, and it's projected to keep expanding. Consumers expect increasingly sophisticated features and improved performance in their gadgets, which rely on advanced logic semiconductors to deliver. Leading semiconductor manufacturers like TSMC (Taiwan Semiconductor Manufacturing Company) have a surge in demand for their advanced process technology nodes, driven by consumer electronics, showcasing the strong correlation between consumer tech and logic semiconductor growth. Thus driving the Logic Semiconductors Special Purpose Logics market revenue.
In addition, the expansion of the Internet of Things (IoT) continues to be a driving force in the logic semiconductor industry. The number of connected devices is steadily increasing, and data from IoT analytics support this trend. These devices require specialized, low-power logic semiconductors to process data and enable communication. Companies such as Intel and Qualcomm, with their IoT-specific chipsets, benefit from this growing market. The IoT's influence extends across various sectors, including smart homes, smart cities, healthcare, and industrial automation, providing a solid growth foundation for the logic semiconductor market.
Moreover, organizations that provide these logic semiconductors play a pivotal role in meeting the growing demand for consumer electronics and IoT expansion. Data from the World Semiconductor Trade Statistics (WSTS) shows that the worldwide semiconductor market grew by 6.5% in 2020, driven by the need for these chips in both consumer electronics and IoT devices. As key players in the industry, companies like Samsung Electronics, Intel, and Taiwan Semiconductor Manufacturing Company (TSMC) invest heavily in research and development to provide cutting-edge logic semiconductor solutions. The competitive landscape within the semiconductor industry continues to evolve, with mergers, acquisitions, and collaborations aimed at maintaining the supply chain and meeting the rising demand.
Logic Semiconductors Market Segment Insights:
Logic Semiconductors Type
The Logic Semiconductors Market segmentation, based on type, includes 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.
Logic Semiconductors End-User
The Logic Semiconductors Market segmentation, based on end-users, includes 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.
Figure 1: Logic Semiconductors Market, by End-User, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Logic Semiconductors Regional Insights
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia Pacific logic semiconductors market area will dominate this market, due to the presence of many big market players including Fujitsu Semiconductor Ltd., Lattice Semiconductor Corporation, and Intel Corporation. In addition, the proliferation of smartphones, tablets, laptops, and other consumer electronics continues to drive demand for logic semiconductors. As these devices become more powerful and feature-rich, the need for advanced logic chips grows.
Figure 2: Logic Semiconductors Market SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Logic Semiconductors market accounts for the second-largest market share due to the rising demand for IoT market is expanding rapidly as more devices become connected. Logic semiconductors are essential for processing data in these devices, and the IoT's growth fuels the demand for these components. Further, the Germany logic semiconductors market held the largest market share, and the UK Logic Semiconductors market was the fastest growing market in the European region.
The North America logic semiconductors market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to environmental and efficiency concerns and customized and specialized logic chips. Moreover, the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil logic semiconductors market held the largest market share, and the United States logic semiconductors market was the fastest growing market in the North America region.
Logic Semiconductors Key Market Players & Competitive Insights
Leading market players are investing heavily in advanced technologies in order to expand their Special Purpose Logics and Display Drivers, which will help the logic semiconductors market grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new special purpose logic launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Logic Semiconductors industry must offer cost-effective special purpose logics.
Developing logic semiconductors locally to minimize operational costs is one of the key business tactics used by key players in the global logic semiconductors industry to benefit clients and increase the market sector. In recent years, the logic semiconductors industry has offered some of the most significant advantages to enterprises. Major players in the logic semiconductors market, including 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, and others, are attempting to increase market demand by investing in research and development operations.
Fujitsu Semiconductor Ltd. is a leading semiconductor manufacturer based in Japan. The company is known for its innovative solutions in the field of semiconductor technology and has a rich history dating back several decades. Fujitsu Semiconductor specializes in the development and production of a wide range of semiconductor products, including microcontrollers, memory devices, and custom ASICs (Application-Specific Integrated Circuits). The company's products are integral components in a variety of industries, from automotive and industrial applications to consumer electronics and IoT devices. Fujitsu Semiconductor's commitment to research and development, as well as its focus on energy efficiency and advanced manufacturing processes, has solidified its position as a key player in the global semiconductor market.
Lattice Semiconductor Corporation is a prominent American semiconductor company headquartered in Oregon. It is recognized for its expertise in programmable logic devices and FPGA (Field-Programmable Gate Array) solutions. Lattice Semiconductor provides a wide range of programmable logic products that enable customers to design and customize their own digital circuits, making it a valuable player in industries such as telecommunications, automotive, and industrial applications. The company is known for its innovation in low-power, small form-factor FPGA technology, making it an ideal choice for mobile and edge computing applications. Lattice Semiconductor's commitment to delivering versatile and power-efficient programmable solutions has positioned it as a notable contributor to the semiconductor industry.
Key Companies in the Logic Semiconductors market include
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Lattice Semiconductor Corporation
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Intel Corporation
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Xilinx, Inc.
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Fuji Electric Co. Ltd.
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Novatek Microelectronics Corporation
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Himax Technologies, Inc.
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Teledyne Defense Electronics, LLC
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Samsung Electronics Co., Ltd
Logic Semiconductors Industry Developments
November 2022: Nikkei has learned that a consortium of eight prominent Japanese firms, among them Toyota Motor and Sony Group, will collaborate with the government to establish a new organization focused on the development and production of cutting-edge semiconductor technology.
May 2021: Samsung Electronics, renowned as a global leader in advanced semiconductor technology, has unveiled its latest cutting-edge packaging technology, Interposer-Cube4 (I-Cube4), marking another milestone in the evolution of chip packaging technology. The I-Cube4, part of Samsung's I-CubeTM technology family, introduces heterogeneous integration by horizontally placing one or more logic dies (such as CPU and GPU) alongside several High Bandwidth Memory (HBM) dies on a silicon interposer. This innovative approach allows multiple dies to function seamlessly as a unified chip within a single package.
July 2021: Cirrus Logic, Inc. has disclosed its strategic move to acquire Lion Semiconductor, a California-based company, for a sum of $335 million in cash. This acquisition is set to enrich Cirrus Logic's portfolio with distinctive intellectual property and product offerings geared toward power applications in an array of devices, including smartphones and laptops. It also provides a catalyst for the expansion of Cirrus Logic's high-performance mixed-signal business. The integration of Lion Semiconductor into the Cirrus Logic family is anticipated to offer an immediate positive impact on both GAAP and non-GAAP earnings per share, with an estimated revenue contribution of approximately $60 million expected between the completion of the deal and the conclusion of FY22.
Logic Semiconductors Market Segmentation:
Logic Semiconductors Type
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Special Purpose Logics
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Display Drivers
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General Purpose Logic
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Application Specific Integrated Circuit
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Programmable Logic Devices
Logic Semiconductors End-User
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Communication
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Consumer Electronics
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Automotive
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Manufacturing
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Others
Logic Semiconductors Regional Outlook
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North America
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US
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Canada
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Europe
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Germany
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France
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UK
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Italy
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Spain
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Rest of Europe
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Asia-Pacific
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China
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Japan
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India
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Australia
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South Korea
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Australia
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Rest of Asia-Pacific
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Rest of the World
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Middle East
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Africa
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Latin America
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