Communication Standard Logic IC Market Size, Share, Opportunities And Trends By Type (Transistor Transistor Logic (TTL), Complementary Metal Oxide Semiconductor (CMOS), Mixed-Signal IC), By End-Users (Automotive, Consumer Electronics, Industrial, Others), And By Geography - Forecasts From 2023 To 2028

A communication standard logic integrated circuit (IC) is a semiconductor device that executes a fundamental logical function on one or more digital input signals to generate a digital output signal. Typical logic ICs are integrated circuits that look like logic gates. The ICs include pins that can be used in future circuitry. Communication logic ICs are used in telecommunication modules to decode, process, and transmit data signals. It simplifies electrical equipment and supports a wide range of technologies, making it appropriate for use in consumer devices, data centres, and the automotive sector. The electronics industry employs amplifier circuits, FM wave detection ICs, mixers, and other ICs to provide efficient solutions and, with the assistance of industry participants who provide services such as IC selection guidance for applications, will boost the communication standard logic IC market share during the forecasted period.

The rising demand for consumer electronics will boost the market growth

Consumer electronics makes a major contribution to the market growth of communication standard logic IC. Manufacturers in the consumer electronics industry are placing more and more emphasis on creating devices that use the least amount of power possible while still providing the required performance in a compact design. The increased emphasis on device integration is therefore anticipated to fuel the market for communication standard logic ICs. As the demand for consumer electronics will increase the market will grow for the communication standard logic IC.  According to World Bank data, there have been 6.3 billion smartphone subscriptions by the end of 2021, accounting for approximately 77% of all mobile phone subscriptions, and by 2027, this figure is projected to rise to 7.8 billion, accounting for 87% of all mobile users. As this smartphone subscription rises the need for integrating the communication standard logic ICs to enhance consumer electronic products will also increase which will boost the market growth of communication standard logic ICs.

Increasing demand in the automobile industry will boost the market growth

Global demand for electric vehicles is increasing as a result of growing consumer concern over environmental pollution and rising oil costs, which is boosting the market for communication logic IC. Vehicle-to-vehicle (V2V) communication holds great promise for reducing traffic congestion, preventing collisions, and improving the environment because it can wirelessly send information on the speed and location of nearby vehicles. To provide efficient solutions, the car industry employs amplifier circuits, FM wave detection ICs, mixers, and other ICs. This growth of the communication standard logic IC market is being positively impacted by higher vehicle sales as a result of more connectivity choices. According to (IEA) International energy agency, despite supply chain delays and due to the Covid-19 epidemic, electric car sales set a new high in 2021 and the sales nearly doubled to 6.6 million showing a sales share of approximately 9% in comparison to 2020, increasing the total number of electric vehicles on the road to 16.5 million. According to the OICA data, the production of cars globally has increased from 57 086 075 units in 2021 to 61 598 650 units in 2022 showing a variation of an 8% increase. This showcases the demand for communication standard logic IC will rise due to the rising production and sales of EVs and cars globally which will boost the market growth.

During the forecast period, the Asia-pacific region is expected to dominate the market growth

The communication standard logic IC market will dominate the Asia Pacific. The area has a robust infrastructure to produce automobiles as well as a sizable consumer market. Many of the world's largest automakers, including Honda, Hyundai, Toyota, Tata, and others, are based in Asia-Pacific. With customers from all socioeconomic groups, the area is also a dominating market for automobiles which can increase the communication standard logic IC market. According to the OICA data for 2022 indicates that China manufactured about 23.8 million passenger cars in 2021, compared to Japan's 6.5 million and India's 4.4 million, respectively. China is the largest car producer in the region, surpassing South Korea, Japan, and India, but these nations also have robust domestic auto markets. China has partnerships and collaborations with major automakers. The Asia Pacific region's growing auto sector will increase demand for the communication standard logic IC market which will boost this market during the forecasted period.

Market Key Developments.

• In November 2021, Renesas Electronics Corporation, a preeminent supplier of cutting-edge semiconductor technologies, launched the R9A06G061 power line communication (PLC) modem IC. This R9A06G061 expands the range of PLC applications by enabling high-speed transmission at speeds of up to 1 Mbps over long distances of one kilometer or more without the use of relays.

Communication Standard Logic IC Market Scope:

Segmentation

• By Type
  • Transistor Transistor Logic (TTL)
  • Complementary Metal Oxide Semiconductor (CMOS)
  • Mixed-Signal IC
• By End-User
  • Automotive
  • Consumer Electronics
  • Industrial
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    •  Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Suadi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Others