The logic semiconductor market is projected to grow at a CAGR of 9.97% to reach US$230.236 billion by 2027, from US$118.408 billion in 2020.
The expanding functionality of smartphones, as well as the manufacturers' increased emphasis on reducing battery consumption while boosting communication speed, are creating major demand for logic devices. Furthermore, rising disposable income is expected to increase demand for wearable and connected devices, which is expected to fuel market expansion.
Digital technologies have also propelled the growth of the logic semiconductor sector. Furthermore, recent breakthroughs in the logical semiconductors industry, such as AI and IoT, are projected to present significant growth possibilities for the logic semiconductors market. Furthermore, the growing need for logic semiconductors in the automotive and industrial equipment sectors has greatly boosted market demand. The growing desire for electric cars might serve as a growth driver for the worldwide semiconductors industry.
By processing digital data, logic semiconductors govern the functioning of electronic systems. Globally, technological advancements that result in increased consumption raised the demand for consumer electronic devices, and benefits such as added convenience, higher productivity, lower power consumption, and higher quality and reliability are the main growth drivers of the global logic semiconductors market. Furthermore, the rising usage of logic semiconductors for data transmission and broadband-enabled devices, as well as growing economies such as China, India, and others, will open up new prospects for the worldwide logic semiconductors market. However, increasing product modification costs and the growth of System-in-Package (SiP) packaging are major barriers for the worldwide logic semiconductors industry.
Asia Pacific region and North America are anticipated to hold a significant number of shares in the logic semiconductors market.
The presence of high-tech companies and the initiative taken by them have majorly influenced the region to generate market demand along with market expansion. For instance, the System LSI Business, Samsung Electronics fabless IC design house, presently offers over 900 products, including SoC (System on Chip), imaging systems, modems, display driver IC (DDI), power control IC (PMIC), and security solutions. The System LSI Business not only produces outstanding individual products, but it is also a whole solution provider capable of integrating diverse logic technologies into a single platform in order to provide clients with optimum solutions. Moreover, in October 2022, at the Tech Day exhibit, Samsung Electronics debuted a variety of innovative logic chip technologies for the first time, including the Exynos Auto V920, 5G Exynos Modem 5300, and QD OLED DDI, which are critical components in sectors such as mobile, home appliances, and automotive.
Furthermore, in November 2021, Samsung stated it will invest $17 billion in a new semiconductor manufacturing plant in Taylor, Texas, including buildings, land upgrades, machinery, and equipment. This is Samsung's largest-ever investment in the United States. This will contribute to an increase in the manufacture of sophisticated logic semiconductor solutions, which power next-generation breakthroughs and technology. Therefore, all these developments will add value to the logic semiconductors market growth in the coming years.
Key Market Developments
|Market Size Value in 2020||US$118.408 billion|
|Market Size Value in 2027||US$230.236 billion|
|Growth Rate||CAGR of 9.97% from 2020 to 2027|
|Forecast Unit (Value)||USD Billion|
|Segments Covered||Type, Industry Vertical, And Geography|
|Regions Covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies Covered||Intel Corporation, NXP Semiconductors, STMicroelectronics, Broadcom Inc., Samsung Electronics Co., Ltd., Texas Instruments, Bitmain Technologies Limited, Taiwan Semiconductor Manufacturing Company, Limited|
|Customization Scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What will be the logic semiconductor market size by 2027?
A1. The logic semiconductor market is projected to reach a total market size of US$230.236 billion by 2027.
Q2. What is the size of the global logic semiconductor market?
A2. Logic Semiconductor Market was valued at US$118.408 billion in 2020.
Q3. What are the growth prospects for the logic semiconductor market?
A3. The global logic semiconductor market is projected to grow at a CAGR of 9.97% during the forecast period.
Q4. Which region holds the largest share of the global disinfectants market?
A4. Asia Pacific region and North America are anticipated to hold a significant share of the logic semiconductors market.
Q5. What factors are anticipated to drive the logic semiconductor market growth?
A5. The rising disposable income is expected to increase demand for wearable and connected devices, which is expected to fuel logic semiconductor market expansion.
1.1. Market Overview
1.2. COVID-19 Scenario
1.3. Market Definition
1.4. Market Segmentation
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. LOGIC SEMICONDUCTOR MARKET, BY TYPE
5.2. Special Purpose Logic
5.3. Display Drivers
5.4. General Purpose Logic
5.5. Application-Specific Integrated Circuit
5.6. Programmable Logic Devices
6. LOGIC SEMICONDUCTOR MARKET, BY INDUSTRY VERTICAL
6.3. Consumer Electronics
7. LOGIC SEMICONDUCTOR MARKET, BY GEOGRAPHY
7.3. Europe Middle East and Africa
7.4. Asia Pacific
7.4.3. South Korea
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. COMPANY PROFILES
9.1. Intel Corporation
9.2. NXP Semiconductors
9.4. Broadcom Inc.
9.5. Samsung Electronics Co., Ltd.
9.6. Texas Instruments
9.7. Bitmain Technologies Limited
9.8. Taiwan Semiconductor Manufacturing Company, Limited
Samsung Electronics Co., Ltd.
Bitmain Technologies Limited
Taiwan Semiconductor Manufacturing Company, Limited
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