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Americas Logic IC Market Size (2024 - 2029)

The Americas Logic Integrated Circuit market is poised for significant growth, driven by the expanding applications of logic semiconductors in digital products such as smartphones and automotive systems. The increasing demand for advanced technologies like AI and high-performance computing is further propelling the market's expansion. Despite challenges posed by the COVID-19 pandemic, which disrupted supply chains and manufacturing, the market has continued to grow, particularly due to the rising need for ICs in 5G technology and wireless communication devices. The proliferation of IoT and smart devices is also expected to boost the market's size, reflecting a robust trajectory for the region's Logic IC sector.

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Market Size of Americas Logic IC Industry

Americas Logic IC Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR (2024 - 2029) 9.69 %
Market Concentration Medium

Major Players

Americas Logic IC Market Major Players

*Disclaimer: Major Players sorted in no particular order

Americas Logic IC Market Analysis

The Americas Logic IC Market is expected to register a CAGR of 9.69% during the forecast period.

Logic semiconductors process the digital data for controlling the operation of the electronic systems. Digital circuits are often built from small microelectronic circuits, also called logic gates, and they can be easily used to create combinational logic.

Logic chips have a wide range of applications in almost every digital product ranging from smartphones to arithmetic-logic units (ALU). In recent years, the automotive and smartphone industry's growth has mainly driven the logic semiconductor component's growth. Logic accelerators play a significant role in AI and HPC. By 2023, the shipments of AI edge processors are expected to cross 1.4 billion units globally. Such application growth, like HPC and AI, application growth further expands the logic components' scope.

The tech giants like Google, Apple, and Amazon are designing their own logic chipsLikemany tasks involving AI and server performance to lengthen battery life. Many companies optimize advanced logic technologies for mobile and HPC applications.

The electronics and semiconductor industries suffered significantly also invest the COVID-19 outbreak. Due to the increase in COVID-19 cases, businesses and manufacturing facilities across many countries closed down. Additionally, a partial or total lockdown disrupted the world's supply chain, making it harder for manufacturers to reach due to customers. The entire production process suffered a setback. However, the global standard logic IC market was anticipated to advance with the growth of the healthcare and automotive sector.

However, the Logic IC market grew in the region owing to the increasing requirements of ICs for 5G technology by smartphones. Logic ICs are used to manufacture wired communication devices such as switches, adapters, and controllers. Logic ICs used in wireless local area network adapters, mobile Wi-Fi chips, Bluetooth transceivers, global positioning system receivers, near-field communication chips, and other devices are wireless communication semiconductors.

The development and growing demand for wireless technology to establish fast connections between devices are expected to increase the demand for Logic IC in the market. Furthermore, manufacturing the growing adoption of IoT, deploying significantly impacted the growth of smart devices, and increasing demand for high-performance computing is expected to promote the growth of Logic IC markets in the region.

Americas Logic IC Industry Segmentation

A logic IC is a semiconductor device that implements a basic logical operation performed on one or more digital input signals to produce a digital output signal.

Americas logic integrated circuit (IC) market is segmented by type (logic standard and MOS special purpose logic), by product type (ASIC, ASSP, and PLD), and by application (consumer electronics, automotive, IT & telecommunications, manufacturing and automation, and other end-user industries (healthcare, aerospace & defense). The report offers the market size in value terms in USD for all the abovementioned segments.

By Type
Logic Standard
MOS Special Purpose Logic
By Product Type
ASIC
ASSP
PLD
By Application
Consumer Electronics
Automotive
IT & Telecommunications
Manufacturing and Automation
Other End-user Industries (Healthcare, Aerospace & Defense, etc.)
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Americas Logic IC Market Size Summary

The Americas Logic Integrated Circuit (IC) market is poised for significant growth, driven by the increasing demand for logic semiconductors across various sectors. These semiconductors are crucial for processing digital data and are integral to the functioning of electronic systems, including smartphones, automotive applications, and high-performance computing (HPC) devices. The market's expansion is largely fueled by the burgeoning automotive and smartphone industries, which have seen a surge in the adoption of logic ICs for applications such as 5G technology, AI, and HPC. The shift towards electric vehicles and the growing emphasis on IoT and smart devices further bolster the demand for these components, as they play a vital role in enhancing connectivity, safety, and efficiency in modern electronic systems.

The market landscape is characterized by moderate concentration, with key players like Analog Devices, Intel, Texas Instruments, and Broadcom leading the charge. These companies are actively engaging in strategic initiatives such as partnerships, mergers, and technological innovations to strengthen their market position and expand their product offerings. The COVID-19 pandemic has also accelerated the demand for advanced semiconductor components, particularly in consumer electronics, as remote work and learning have become more prevalent. As the ecosystem of connected devices continues to flourish, the adoption of logic ICs in smartphones and other consumer electronics is expected to rise, further driving market growth in the Americas region.

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Americas Logic IC Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness- Porter's Five Forces Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Consumers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Intensity of Competitive Rivalry

      5. 1.2.5 Threat of Substitutes

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Logic Standard

      2. 2.1.2 MOS Special Purpose Logic

    2. 2.2 By Product Type

      1. 2.2.1 ASIC

      2. 2.2.2 ASSP

      3. 2.2.3 PLD

    3. 2.3 By Application

      1. 2.3.1 Consumer Electronics

      2. 2.3.2 Automotive

      3. 2.3.3 IT & Telecommunications

      4. 2.3.4 Manufacturing and Automation

      5. 2.3.5 Other End-user Industries (Healthcare, Aerospace & Defense, etc.)

Americas Logic IC Market Size FAQs

The Americas Logic IC Market is projected to register a CAGR of 9.69% during the forecast period (2024-2029)

Analog Devices INC., Intel Corporation, Texas Instruments Incorporated, Advanced Micro Devices, Inc and Broadcom Inc. are the major companies operating in the Americas Logic IC Market.

Americas Logic IC Market Report Snapshots

Americas Logic Integrated Circuit (IC) Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)