Standard Logic IC Market to grow at a CAGR of 9% during 2024-2028
The Standard Logic IC Market is expected to grow at a CAGR of 9% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 81.82 billion. In the IoT landscape, the number of applications is expansive, encompassing sectors such as consumer electronics, wearables, and automobiles. For individual consumers, IoT signifies the accessibility of affordable and efficient devices to optimize daily tasks. However, the implementation of IoT technology poses significant challenges for designers, including addressing incompatible interfaces and accommodating the performance demands and processes of billions of additional devices. To tackle these complexities, the advancement of technology is anticipated to fuel the necessity for intricate programmable logic devices. This growth in demand for programmable logic devices is projected to boost the market for standard logic ICs throughout the forecast period.
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Technavio analysts predict that the CMOS logic subsegment will lead the Type segment during 2024 and 2028 The CMOS logic segment of the global standard logic IC market is poised for significant growth during the forecast period, driven by its extensive usage in various industries. CMOS logic, which utilizes Complementary Metal-Oxide-Semiconductor Field-Effect Transistors (MOSFETs) with both positive and negative channels, is a preferred choice for computer memories, CPUs, and cell phones due to its high integration density and low power consumption. The dominance of CMOS technology in microprocessors, microcontroller chips, and memory types such as RAM and ASICs is a testament to its popularity. Factors including the increasing demand for customizable ICs, surging consumer electronic device usage, escalating investments in data centers, expanding telecommunication network infrastructure, growing focus on smart city projects, rising adoption of in-vehicle electronics, expanding renewable energy sources adoption, and escalating demand for IoT devices are fueling the demand for CMOS logic ICs in the manufacturing of integrated circuits.
Here are the various ways based on which the market is segmented:
There are several factors that are causing the market to flourish high adoption of smartphones and tablets globally
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The Standard Logic IC market is experiencing significant growth due to the increasing demand for consumer electronics such as laptops, electric vehicles, and IoT devices. Semiconductor companies are at the forefront of this trend, developing advanced technologies like 5G and improved security for laptops and electric vehicles' advanced driver-assistance systems. Logic ICs, a crucial component of these devices, require high-speed data processing and low power consumption. Integrated circuits (ICs) play a vital role in consumer electronics like smartphones, tablets, gaming consoles, home appliances, and wearable technology. Standard logic ICs, including the 4000 series and 7400 series, are widely used due to their reliability and cost-effectiveness. Logic ICs are manufactured using technologies like CMOS and BiPolar, and their packaging solutions range from plastics to ceramics. Operational voltages of logic ICs are crucial for efficient power management, making low-voltage ICs increasingly popular. Logic gates, the building blocks of logic ICs, are essential for digital circuits and enable complex functions in modern consumer electronics. In summary, the Standard Logic IC market is thriving due to the growing demand for consumer electronics, with applications ranging from laptops and electric vehicles to IoT devices, wearable technology, and gaming consoles. The market is driven by advancements in technologies like 5G, IoT, and improved security, and the need for high-speed data processing and low power consumption.
The Standard Logic IC market is a segment of the larger global semiconductor market, according to Technavio's market research. This market encompasses companies producing logic integrated circuits (ICs), which include memory, logic, and micro components, optoelectronics, sensors, and discrete semiconductors. The global semiconductor market's size is determined by the revenue generated from the shipment of semiconductor ICs to original equipment manufacturers (OEMs) and original design manufacturers (ODMs). These ICs can originate from both fab and fabless companies, as well as integrated device manufacturers (IDMs). Technavio's analysis calculates the market size by considering the revenue generated from the sale of these ICs.
The Standard Logic IC Market is experiencing significant growth, fueled by the high adoption of smartphones and tablets globally. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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