Market Size of Global Special Purpose Logic IC Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.90 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Special Purpose Logic IC Market Analysis
The Global Special Purpose Logic IC Market is expected to register a CAGR of 5.9% over the forecast period. The outbreak of COVID-19 across the globe significantly disrupted the supply chain and production of the studied market during the initial phase of 2020. Due to labor shortages, many of the players in the semiconductor supply chain worldwide had to reduce or even suspend their operations, which affected the market growth.
- The demand for memory devices due to the ongoing technological advancements such as artificial intelligence and their integration into the end-user devices is fostering the demand for semiconductors. Logic devices are used in application-specific integrated circuits and signal processors, accelerating market demand.
- The market studied is strongly impacted by the industrial output and the investment funneled into computers and software. The systems have traditionally been the foundation of both process and discrete factory automation. The growing adoption of Industry 4.0 across the industrial verticals has augmented the market studied.
- The complexity associated with the design of special purpose logic integrated circuits can hinder the market's growth. Additionally, factors such as the high cost of manufacturing customized circuits, the cost of circuit design, and functional reliability issues are expected to hinder the market's growth for special purpose logic-integrated circuits in the coming years.
- The COVID-19 pandemic boosted the demand for certain segments in the consumer electronic market across the globe. In various markets, demand for PCs and laptops witnessed a significant surge. Furthermore, gaming consoles & devices and fitness consumer devices witnessed record-break sales during the pandemic. For instance, in 2020, lower notebook ASPs were recorded, resulting from higher demand for consumer education PCs globally. Time spent on PCs has increased dramatically across all major usage categories, as well as the number of PCs per household.
Special Purpose Logic IC Industry Segmentation
Special-purpose ICs have been designed to handle the duties required to accomplish closed-loop motion control and motor speed control.
The Study tracks the usauge of special purpose logic ICs across major applications such as automotive, consumer electronics, communications and computing. The study also covers demand across various regions and study considers the impact of COVID-19 on the market.
| By Application | |
| Communications | |
| Consumer Electronics | |
| Computing | |
| Automotive | |
| Other Applications |
| By Geography | |
| North America | |
| Europe | |
| Asia Pacific | |
| Latin America | |
| Middle East and Africa |
Global Special Purpose Logic IC Market Size Summary
The global special purpose logic IC market is poised for steady growth, driven by the increasing demand for semiconductors in various sectors such as automotive, consumer electronics, and industrial automation. The market's expansion is significantly influenced by the rise of electric vehicles and the integration of advanced driver-assistance systems, which necessitate the use of specialized logic ICs for enhanced connectivity and safety features. The adoption of Industry 4.0 and the growing need for process and discrete factory automation further bolster the demand for these integrated circuits. However, challenges such as the high cost of manufacturing customized circuits and the complexity of circuit design may impede market growth. The COVID-19 pandemic initially disrupted supply chains but also led to a surge in demand for consumer electronics, which has positively impacted the market.
Regionally, Asia-Pacific holds a significant share of the market due to its robust semiconductor manufacturing capabilities, with countries like Japan and China playing pivotal roles. Japan's strategic partnerships and initiatives to boost its semiconductor industry, along with China's focus on strengthening local software and semiconductor companies, are expected to drive regional growth. The market is moderately competitive, with key players like Intel, NXP Semiconductors, and Texas Instruments actively engaging in strategic acquisitions and partnerships to enhance their market presence. These developments, coupled with favorable government policies and technological advancements, are anticipated to sustain the market's growth trajectory over the forecast period.
Global Special Purpose Logic IC Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Bargaining Power of Suppliers
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1.2.2 Bargaining Power of Buyers
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1.2.3 Threat of New Entrants
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1.2.4 Threat of Substitutes
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1.2.5 Intensity of Competitive Rivalry
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1.3 Assessment of COVID-19 Impact on the Market
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2. MARKET SEGMENTATION
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2.1 By Application
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2.1.1 Communications
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2.1.2 Consumer Electronics
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2.1.3 Computing
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2.1.4 Automotive
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2.1.5 Other Applications
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2.2 By Geography
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2.2.1 North America
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2.2.2 Europe
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2.2.3 Asia Pacific
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2.2.4 Latin America
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2.2.5 Middle East and Africa
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Global Special Purpose Logic IC Market Size FAQs
What is the current Global Special Purpose Logic IC Market size?
The Global Special Purpose Logic IC Market is projected to register a CAGR of 5.90% during the forecast period (2024-2029)
Who are the key players in Global Special Purpose Logic IC Market?
Intel Corporation, NXP Semiconductors, Texas Instruments Incorporated., Broadcom Inc. and Xilinx (Advanced Micro Devices, Inc) are the major companies operating in the Global Special Purpose Logic IC Market.
