Technology & Telecommunications

According to a market report by Lucintel, the future of the logic integrated circuit market looks promising with opportunities in the consumer electronic, automotive, IT & telecommunication, manufacturing & automation, healthcare, and aerospace & defense applications. The global logic integrated circuit market is expected to reach an estimated $142.4 billion by 2028 with a CAGR of 7.5% from 2023 to 2028. The major drivers for this market are increasing proliferation of smartphones, rising adoption of electric vehicles, and expansion of telecommunication infrastructure in both developed as well as developing companies.



In this market, TTL (transistor transistor logic), CMOS (complementary metal oxide semiconductor), and mixed-signal IC are the major types of logic integrated circuit. Lucintel forecasts that TTL (transistor transistor logic) will remain the largest type segment over the forecast period due to the emergence of artificial intelligence and increasing demand for wireless technology to establish fast connections between devices.  



Within this market, automotive will remain the largest segment over the forecast period because of increasing inclination towards electric vehicles as consumers are aware about environmental pollution and rising oil prices.

APAC is expected to remain the largest region due to the growing trend of modernization of telecommunication and broadband infrastructure along with growing demand for electric vehicles in this region. 

STMicroelectronics, Renesas Electronics, Toshiba Corporation, Intel Corporation, Qualcomm, NXP Semiconductors, Mediatek, Marvell Semiconductor, and Broadcom are the major suppliers in the global logic integrated circuit market.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities for global logic integrated circuit market by type, product, application, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities for Global Logic Integrated Circuit Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for logic integrated circuit market by type, product, application, and region, as follows:

 

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the global logic integrated circuit market by type (TTL (transistor transistor logic), CMOS (complementary metal oxide semiconductor), and mixed-signal IC), product (ASIC, ASSP, and PLD), application (consumer electronics, automotive, IT & telecommunications, manufacturing & automation, healthcare, and aerospace & defense), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity did occur in the last five years and how did they impact the industry?