Special Purpose Logic Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Application (Networking & Communications, Consumer Electronics, Data Processing, Automotive, Manufacturing, Others), And By Geography - Forecasts From 2022 To 2027

The special purpose logic market was evaluated at US$84.112 billion for the year 2020, growing at a CAGR of 5.91%, reaching a market size of US$125.759 billion by the year 2027.

Logic semiconductors are electrical circuits that process digital data to regulate the operation of other electronic devices. Small microelectronic circuits, also known as logic gates, are commonly utilized to construct digital circuits and can be used to make simple combinational logic. Dedicated multiplexers, decoders and demultiplexers, addressable latches, full-adders, and bus transceivers are examples of special-purpose logic ICs and circuits that may be used only very seldom and for specialized concerns.

Manufacturers are continuously focusing on developing devices that minimize power consumption while offering the desired performance in a small package. During the forecast period, the increased focus on device integration is expected to drive the special purpose logic market. Furthermore, one of the primary reasons driving the market growth is the widespread use of smartphones and tablets. Consumer electronics products are in high demand due to rising household disposable income levels, a quickly growing population, and increased urbanization. ICS chips are used in various electronic items, including cellphones, washing machines, televisions, and refrigerators, to ensure that they perform properly. Several major consumer electronics companies, including Samsung, Apple, OnePlus, and Huawei, invest heavily in developing new products to meet rising customer demand for advanced devices, encouraging market growth. Furthermore, the rising demand for integrated circuits in developing economies such as China, which is known for producing superior technology-driven and compact integrated circuits, presents the market with promising growth potential.

However, limitations such as electronic device miniaturization will limit industry expansion. Furthermore, tariffs are imposed on virtually all industrial goods and materials used to produce chips. These tariffs affect components to import and export, which directly impacts chip production costs.

With the growing demand for smartphones and smart devices around the world, the networking and communications industry is expected to develop at a significant CAGR. Working from home is becoming increasingly necessary in developed and developing economies, increasing demand for this application category. Furthermore, consumer electronics such as gaming consoles, wearable devices, and other electronic gadgets play a significant part in this sector, allowing electronic gaming to be enjoyed in many countries.

The Asia Pacific has the largest market share and is expected to grow at the fastest rate around the world. The rising popularity of high-end technology-based products, combined with low electronics prices, is driving greater consumer electronics usage. Furthermore, technical breakthroughs such as the Internet of Things (IoT) and LTE assist electronics products, helping the area to dominate the market. Furthermore, the telecom and automobile industries will support significant expansion in the European market. To meet the growing demand for innovative devices and components in the semiconductor sector, companies across the area are investing in new technologies and expanding their manufacturing capacity.

Recent Development

In June 2021, a project assigned by Jack Kilby resulted in the creation of the first integrated circuits to orbit the Earth, laying the groundwork for future space electronics. To help NASA achieve its aim of higher computing power and lower weight, a family of digital logic ICs replaces the SN502 with ten times the speed and one-tenth the power consumption.

Qualcomm Technologies, Inc., a Qualcomm Incorporated subsidiary, announced the Qualcomm QCS410 and Qualcomm QCS610 system-on-chips in July 2020. (SoCs). These processors are built for high-end camera technology, with advanced machine learning and artificial intelligence capabilities.

COVID-19 Impact on Special Purpose Logic Market

The COVID-19 outbreak had a mixed effect on the special purpose logic market. The work-from-home culture has grown in popularity since the outbreak of the COVID-19 epidemic. This factor has boosted demand for PCs and laptops, which could eventually help the special purpose logic semiconductor industry flourish. However, supply chain interruptions caused by lockdowns during the epidemic were a source of concern. However, things are again returning to normal, and the market may regain control over broad areas.

Special Purpose Logic Market Scope:

Segmentation

• By Application
  • Networking & Communications
  • Consumer Electronics
  • Data processing
  • Automotive
  • Manufacturing
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Thailand
    • Taiwan
    • Others