United States Logic Integrated Circuits Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 51.35 Billion |
| Market Size (2029) | USD 77.82 Billion |
| CAGR (2024 - 2029) | 8.67 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
United States Logic Integrated Circuits Market Analysis
The United States Logic Integrated Circuits Market size is estimated at USD 51.35 billion in 2024, and is expected to reach USD 77.82 billion by 2029, growing at a CAGR of 8.67% during the forecast period (2024-2029).
- The Logic IC market in the United States is an important and constantly evolving sector of the semiconductor industry in the region. The country has a strong history of being innovative and leading in technology. The United States is a semiconductor design, manufacturing, and research hub, driving the advancement of logic IC technology and applications.
- The logic IC market encompasses various applications across consumer electronics, automotive, industrial automation, telecommunications, healthcare, and aerospace industries. The United States stands apart when it comes to dominance within these industries. It is home to the most significant technological design companies and manufacturing and aerospace companies, all of which drive the growth of the logic IC market.
- Based on data provided by the CTA (Consumer Technology Association), the retail revenue generated from the sale of consumer electronics in 2023 was USD 498 billion and is expected to reach USD 512 billion in 2024 in the United States. Based on the forecast provided, OLED TVs were forecasted to generate 2.3 billion U.S. dollars in 2023. The US offers various electronics retailers, both stores and online retailers. The United States is home to popular retailers such as Walmart, Amazon, Apple, Lenovo, Dell, etc. The environment is conducive to the growth of the consumer electronics industry, as these devices rely on logic ICs that offer higher processing power, improved energy efficiency, and enhanced functionality.
- Logic ICs are expected to perform a wide range of complex functions. As technology advances, the surging demand for more advanced features and capabilities in electronic devices grows. Designers need to incorporate complex logic circuits and algorithms to meet these requirements. This increased functionality leads to larger and more intricate designs, making it challenging to manage and optimize the complex interactions between different components, thus hindering the market's growth.
- Macroeconomic factors, such as geopolitical factors affecting the semiconductor supply chain (like trade tensions and tariffs), manufacturing capacity, and availability of raw materials, can influence the market. Manufacturers might have to increase the prices to stay profitable, which could lower the demand for the products. Furthermore, inflation could cause contract limitations, labor changes, and supply issues for manufacturers. Moreover, concerns about economic fragmentation have intensified in the last few years amid rising geopolitical tensions and strained ties between the United States and China.
United States Logic Integrated Circuits Market Trends
Automotive is Expected to Witness a Significant Growth
- The automotive sector prioritizes safety and functionality standards. Logic ICs ensure the safe and dependable functioning of different automotive systems, such as ADAS, self-driving technology, and powertrain control. The automotive market increasingly seeks high-quality, dependable logic ICs that adhere to strict safety regulations like ISO 26262.
- Modern vehicles increasingly incorporate ADAS technologies like automatic emergency braking and adaptive cruise control. Logic ICs are critical in processing sensor data, enabling real-time decision-making, and controlling vehicle functions. Future trends may involve the development of more advanced ADAS features, requiring logic ICs with higher computational power, low latency, and enhanced sensor fusion capabilities.
- The Infrastructure Investment and Jobs Act and the Inflation Reduction Act are significant pieces of legislation that allocate hundreds of millions of dollars to the electric vehicle industry. These acts aim to strengthen manufacturing and supply chains in the United States to facilitate the transition for both light-duty and medium- and heavy-duty vehicles. American automakers and consumers increasingly embrace advanced safety technologies such as ADAS, which rely heavily on logic ICs to process sensor data and implement algorithms. For instance, according to HLDI, by 2043, nearly all the registered vehicles in the United States will be integrated with ADAS, such as rare parking sensors, lane departure warnings, rearview cameras, and blind spot warnings.
- Moreover, the shift towards electric vehicles is gaining momentum due to environmental concerns and government regulations. EVs are based on advanced power electronics and battery management, which requires specialized logic ICs to ensure optimum energy use, motor control, or charging infrastructure integration.
- According to estimates from Kelley Blue Book, a Cox Automotive company, a record-breaking 1.2 million U.S. vehicle buyers opted for electric vehicles (EVs) last year. Specifically, 1,189,051 new EVs were serviced as the gradual transition towards an electrified future persisted. In 2023, the EV share of the total U.S. vehicle market stood at 7.6%, based on Kelley Blue Book estimates, marking an increase from 5.9% in 2022. This substantial growth in EV adoption within the region is poised to bolster the overall EV ecosystem significantly.
MOS Special Purpose IC is Expected to Hold a Significant Market Share
- MOS special-purpose circuits are explicitly designed to address the needs and requirements of particular applications. By optimizing the circuits for a specific purpose, designers can achieve higher performance, improved efficiency, and better integration with other system components. This application-specific optimization enables the development of logic ICs designed to meet the demands of specific industries and applications, such as automotive, telecommunications, consumer electronics, and industrial automation.
- The increasing adoption of industrial automation is a significant driver for the studied market. For instance, according to IFR (International Federation of Robotics) released in April 2024, manufacturing companies in the United States have significantly invested in increased automation, with the total number of industrial robots installed growing by 12% y-o-y to reach 44,303 units in 2023. The manufacturing industry in the United States is regarded as one of the most advanced globally. According to statistics from the IFR, there is a significant demand for robotics in all critical sectors of U.S. manufacturing in 2023.
- The ongoing research in the United States on driverless cars presents another growth opportunity for the market. For instance, in November 2023, Japan's Nippon Telegraph and Telephone (NTT) plans to test driverless vehicle technology with Toyota Motor, open a new tab, and invest in a U.S. startup developing self-driving systems. NTT plans to begin testing autonomous buses and taxis by 2025 and is looking to invest around USD 66.91 million in the American startup May Mobility.
- MOS special-purpose circuits facilitate the integration and miniaturization of logic ICs. Designers can reduce the chip size and component count by incorporating specialized functionality into a dedicated circuit. This integration saves space and improves system reliability by minimizing the number of interconnections and potential points of failure. The ability to integrate specialized functions within a single IC promotes the development of compact and highly integrated systems, such as mobile devices, wearables, and IoT devices.
United States Logic Integrated Circuits Industry Overview
The United States logic integrated circuits market is highly fragmented, with global conglomerates and specialized players operating across various segments. While several large multinational companies dominate certain high-value segments, numerous regional and niche players contribute to the overall competition, making the market highly diverse. This fragmentation is driven by the wide range of applications for logic integrated circuits, allowing both large and small companies to coexist and thrive in the market.
Leading companies in the United States logic integrated circuits market include STMicroelectronics N.V., Analog Devices Inc., Intel Corporation, Texas Instruments Inc., Renesas Electronics Corporation. These companies have established strong brand recognition and extensive global operations, enabling them to command significant market share. Their strengths lie in innovation, broad product portfolios, and strong distribution networks. These leaders often engage in strategic acquisitions and partnerships to maintain their competitive edge and expand their market reach.
To succeed in the United States logic integrated circuits market, companies must prioritize innovation, especially in various logic integrated circuits types. As industries increasingly demand advanced solutions, the development of advanced logic integrated circuits types could become a significant differentiator. Additionally, expanding service offerings and enhancing customer support will be crucial for maintaining long-term relationships and securing repeat business. Companies that invest in emerging markets and adapt their products to regional needs are likely to gain a competitive advantage in this fragmented market.
United States Logic Integrated Circuits Market Leaders
-
STMicroelectronics N.V.
-
Analog Devices Inc.
-
Intel Corporation
-
Texas Instruments Inc
-
Renesas Electronics Corporation
*Disclaimer: Major Players sorted in no particular order
United States Logic Integrated Circuits Market News
- March 2024: Toshiba Electronic Devices & Storage Corporation initiated volume shipments of its Smart MCD Series gate driver I.C.s, incorporating an embedded microcontroller (MCU). The first product in this series, TB9M003FG, is designed for sensorless control of three-phase brushless D.C. motors, typically used in automotive applications. This integration will enable advanced and complex motor control across a diverse range of automotive applications, all while reducing system sizes and component counts.
- November 2023: NXP introduced an advanced I.C., elevating performance and safety in E.V.s and energy storage. NXP's latest controller boasts an impressive 0.8 mV cell measurement accuracy, ensuring robust design for extended lifetimes. This innovation bolsters battery management systems and optimizes the capacity and safety of Li-ion batteries in e-mobility and energy storage. The comprehensive design package, featuring production-grade software and functional safety libraries, accelerates the development of functional safety systems and reduces bill-of-material costs.
United States Logic Integrated Circuits Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
4.4 Impact of COVID-19 Aftereffects and Other Macroeconomic Factors on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing Focus on Device Integration
5.1.2 Increasing Capital Expenditures of Fabs to Augment Production Capacity
5.2 Market Restraint
5.2.1 Complexity Associated with Logic IC Design
6. MARKET SEGMENTATION
6.1 By IC Type
6.1.1 Digital Bipolar
6.1.2 MOS Logic
6.1.2.1 MOS General Purpose
6.1.2.2 MOS Gate Arrays
6.1.2.3 MOS Drivers/Controllers
6.1.2.4 MOS Standard Cells
6.1.2.5 MOS Special Purpose
6.2 By Application
6.2.1 Consumer Electronics
6.2.2 Automotive
6.2.3 IT and Communication
6.2.4 Computer
6.2.5 Other Applications
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 STMicroelectronics N.V.
7.1.2 Analog Devices Inc.
7.1.3 Intel Corporation
7.1.4 Texas Instruments Inc
7.1.5 Renesas Electronics Corporation
7.1.6 Broadcom Inc.
7.1.7 Diodes Incorporated
7.1.8 NXP Semiconductors N.V.
7.1.9 Toshiba Corporation
7.1.10 On Semiconductor Corporation
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
United States Logic Integrated Circuits Industry Segmentation
Logic Integrated Circuits (ICs) are semiconductor devices that perform basic logical operations on digital input signals to produce digital output signals. They are a core component of logic circuits widely used in various applications, including digital electronics, computers, and communication systems. These ICs operate based on logic levels, which are voltage ranges corresponding to logical conditions. These levels determine whether a signal is interpreted as a high or low state. It is essential for communicating ICs to use the same logic levels to ensure proper communication and avoid potential issues.
The study tracks the revenue accrued through the sale of logic integrated cicruits products by various players in the United States. The study also tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, which supports the market estimations and growth rates over the forecast period. The study further analyses the overall impact of COVID-19 aftereffects and other macroeconomic factors on the market. The report's scope encompasses market sizing and forecasts for the various market segments.
The United States logic integrated circuits market is segmented by IC type (digital bipolar, MOS logic [MOS general purpose, MOS gate arrays, MOS drivers/controllers, MOS standard cells, and MOS special purpose]), and by application (consumer electronics, automotive, IT and communication, computer, and other applications). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| By IC Type | |||||||
| Digital Bipolar | |||||||
|
| By Application | |
| Consumer Electronics | |
| Automotive | |
| IT and Communication | |
| Computer | |
| Other Applications |
United States Logic Integrated Circuits Market Research FAQs
How big is the United States Logic Integrated Circuits Market?
The United States Logic Integrated Circuits Market size is expected to reach USD 51.35 billion in 2024 and grow at a CAGR of 8.67% to reach USD 77.82 billion by 2029.
What is the current United States Logic Integrated Circuits Market size?
In 2024, the United States Logic Integrated Circuits Market size is expected to reach USD 51.35 billion.
Who are the key players in United States Logic Integrated Circuits Market?
STMicroelectronics N.V., Analog Devices Inc., Intel Corporation, Texas Instruments Inc and Renesas Electronics Corporation are the major companies operating in the United States Logic Integrated Circuits Market.
What years does this United States Logic Integrated Circuits Market cover, and what was the market size in 2023?
In 2023, the United States Logic Integrated Circuits Market size was estimated at USD 46.90 billion. The report covers the United States Logic Integrated Circuits Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the United States Logic Integrated Circuits Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
United States Logic Integrated Circuits Industry Report
Statistics for the 2024 United States Logic Integrated Circuits market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. United States Logic Integrated Circuits analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
