Lucintel Blog: Lucintel Forecasts Logic Integrated Circuit Market to Reach $142.4 Billion by 2028

Monday, June 26, 2023

Lucintel Forecasts Logic Integrated Circuit Market to Reach $142.4 Billion by 2028

According to the recent study the logic integrated circuit market is projected to reach an estimated $142.4 billion by 2028 from $99.2 billion in 2023, at a CAGR of 7.5% from 2023 to 2028. Growth in this market is primarily driven by increasing proliferation of smartphones, rising adoption of electric vehicles, and expansion of telecommunication infrastructure in both developed as well as developing companies.

A more than 150–page report is developed to understand trends, opportunities and forecast in logic integrated circuit market by type (TTL (transistor transistor logic), CMOS (complementary metal oxide semiconductor), and mixed-signal IC), product (ASIC, ASSP, and PLD), application (consumer electronics, automotive, IT & telecommunications, manufacturing & automation, healthcare, and aerospace & defense), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report by clicking on below link

https://www.lucintel.com/logic-integrated-circuit-market.aspx

“TTL (transistor transistor logic) market is expected to remain the largest segment during the forecast period.”

Based on type, the logic integrated circuit market is segmented into TTL (transistor transistor logic) and CMOS (complementary metal oxide semiconductors), and Mixed-Signal IC. Lucintel forecasts that the TTL (transistor transistor logic) market is expected to remain the largest segment due to emergence of artificial intelligence and increasing demand for wireless technology to establish fast connections between the devices.

“Within the logic integrated circuit market, the automotive segment is expected to remain the largest application.”

Based on application the automotive segment is expected to witness the highest growth over the forecast period due to increasing inclination towards electric vehicles as consumers are aware about environmental pollution and rising oil prices.

“Asia pacific will dominate the logic integrated circuit market in near future.”

APAC is expected to remain the largest region due to growing trend of modernization of telecommunication and broadband infrastructure along with growing demand for electric vehicles in this region.

Download Brochure of this report by clicking on https://www.lucintel.com/logic-integrated-circuit-market.aspx.

Major players of logic integrated circuit market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. STMicroelectronics, Renesas Electronics, Toshiba Corporation, Intel Corporation, Qualcomm, NXP Semiconductors, Mediatek, Marvell Semiconductor, and Broadcom are among the major logic integrated circuit providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/logic-integrated-circuit-market.aspx or helpdesk@lucintel.com.

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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056