Market Size of Global Consumer Standard Logic IC Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.50 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Medium |
Major Players.webp)
*Disclaimer: Major Players sorted in no particular order |
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Consumer Standard Logic IC Market Analysis
The consumer standard logic IC market is expected to register a CAGR of 6.5% during the forecast period (2022 - 2027).
- The electronic component market has encountered robust growth in the past few years owing to its expanding application areas. This growth is significantly contributed by the increase in consumer electronics products such as DVDs, TV, mobile phones, etc., and office automation products such as computers, printers, etc. This high growth has forced several companies in this industry to set up novel manufacturing facilities and expand their production capacity. Furthermore, continuous technological advancements are expected to boost the application areas of standard logic ICs, thus driving the growth of the consumer standard logic ICs market in the coming years.
- Advances made in CMOS and bipolar technologies have become an essential part of electronic designs. The growth of the consumer standard logic devices market has arisen from the advancements made in the packaging of modern, low-power logic products. The standards underlying configuration and functionality have grown simultaneously. The electronics manufacturers constantly seek to leverage the underlying technologies for designing and developing bipolar logic ICs. Standard logic ICs have emerged as a new staple for enforcing logic circuits.
- Further, standard logic ICs and packaging have become an essential framework for promoting the manufacturing of extended lifecycle products and generally supporting high lead times faced by manufacturers. Over the years, new partnerships and collaborations have cropped up to meet the rise in the need for standard logic ICs among semiconductor companies.
- COVID-19 has a negative market impact due to a significant increase in semiconductor shortages, as the COVID-19 coronavirus continues to impact economies, trade, manufacturing, and even consumer purchasing habits. Companies that manufacture semiconductor products must plan carefully to avoid impending component supply chain pitfalls in the coming years. Additionally, The CHIPS for America Act, included in the Fiscal Year 2021 National Defense Authorization Act (NDAA), seeks to identify and alleviate short-term semiconductor shortages and encourage more US manufacturing incentives for companies to manufacture these devices in the United States.
