Growing Automation in Automobile Industry and High Demand for Smartphones Behind Growth of Standard Logic Devices Market

Published Date : Oct 27, 2017

ALBANY, New York, Oct 27, 2017: has recently added a new market study to its repository, titled “Standard Logic Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025.” According to the report, this market is anticipated to expand at a 6.9% CAGR between 2017 and 2025. The market was worth US$51.2 bn in 2016 and is estimated to cross US$92 bn by 2025. There are various factors associated with this growth such as flourishing consumer electronics industry and high demand for office automation products such as computers and printers. The extensive growth of these industries has led to the expansion of their production capacities which in turn have led to the growth of the global standard logic devices market. Another important factor boosting the growth of this market is the continuously evolving technology.

The growing demand for automated automobiles is also favoring the growth of the global standard logic devices market. The high demand for electrical equipment in automobiles is also helping the market to grow. The use of actuators, artificial intelligence, and the integration of sensors across industries will boost the demand for standard logic devices across the globe. The market for gate type IC is steadily growing and is anticipated to witness fast growth in the years to come on account of the increasing adoption of high and ultra-high level integration ICs in gaming industries as well as in smartphones. This is driving the growth prospects for the global standard logic devices market. As per the lead author of this report, the growing demand for smartphones will be an important growth driver for this market.

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The global standard logic devices market is growing but shall not do so, without encountering a few challenges, which will restraint its growth. The inability of fixed logic devices to be programmed again will pose a challenge for the market. Standard logic devices work on fixed programs, with which the logic device is configured during manufacturing or designing. Once implemented in a circuit, the same cannot be programmed again, thereby acting as a constraint.

The report segments the global standard logic devices market on the basis of gate IC type into OR, AND, Universal Gates (NAND and NOR), EXOR and EXNOR. By buffer, the market is segmented into into inverting and non-inverting buffer. Of these, the non-inverting buffers segment led in 2016 and accounted for more than of the total shares. Based on transceiver the market is segmented into standard, parity, and registered transceiver. Of these, the standard transceivers segment will lead and expand at a CAGR of 6.7% between 2017 and 2025.

By geography, the market for standard logic devices is leading in Asia Pacific. The Asia Pacific standard logic devices market was worth US$18.5 bn in 2016 and is estimated to expand at a 7.2% CAGR from 2017 to 2025. The Middle East and Africa is another lucrative market for standard logic devices.  The market in the Middle East and Africa is predicted to be worth US$6 bn by 2025.

The global standard logic devices market is characterized by the presence of both large as well as mid-level vendors. Some of them are: Analog Devices, Diodes Incorporated, Arrow Electronics, and Texas Instruments. These are well-established companies having a strong foothold in the global standard logic devices market. However, many new players are also expected to enter the market and make a name for themselves in the years to come. some of the other players in this market include: STMicroelectronics N.V, ROHM Semiconductor, Toshiba Semiconductor and Storage, Microchip Technology Inc., Maxim Integrated Products Inc., NXP Semiconductors N.V., and ON Semiconductor.

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