Global Logic Semiconductor Market Report and Forecast 2024-2032

Global Logic Semiconductor Market Outlook

The global logic semiconductor market size reached approximately USD 157.24 billion in 2023. The market is assessed to grow at a CAGR of 6.1% between 2024 and 2032 to attain a value of around USD 267.92 billion by 2032.

Key Trends in the Market

Logic semiconductors refer to devices that process digital data to control the operations of electronic devices. It can process graphics data in accordance with logic rules and outputs data to provide its logical operations. It is used in different end-use sectors, including consumer electronics, automotive, and communication, among others.

• The surging demand for consumer electronics, the increasing popularity of electric vehicles, the growing smartphone ownership, and the expansion of communication infrastructure are some of the key logic semiconductor market trends.

• The increasing investments by leading companies like Samsung to expand the production of logic semiconductors amid their rising demand in different applications are likely to propel the market. In addition, the emergence of 5G technology and the rising demand for wireless technologies are likely to support the market development.

• The rising utilisation of chips in essential technologies is expected to aid the logic semiconductor market demand. Moreover, various governments are surging their investments in the design, research, and fabrication of semiconductors to strengthen their infrastructure, supply chain, and economy, which is likely to further boost the market for logic semiconductors in the coming years.

Market Analysis

Based on type, the market is divided into special purpose logic, display drivers, general purpose logic, application specific integrated circuit, and programmable logic devices. On the basis of end use, the logic semiconductor market segmentation includes communication, consumer electronics, automotive, and manufacturing, among others. The major regional markets for logic semiconductors include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the logic semiconductor market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• Intel Corporation

• Taiwan Semiconductor Manufacturing Company

• Samsung Electronics Co., Ltd

• STMicroelectronics

• Lattice Semiconductor Corporation

• Advanced Micro Devices, Inc

• NXP Semiconductors N.V

• Fuji Electric Co., Ltd

• Renesas Electronics Corporation

• Teledyne Technologies Incorporated

• Others

Market Share by End Use

According to the logic semiconductor market analysis, the automotive sector accounts for a substantial market share owing to the increasing demand for electric vehicles and the rising deployment of ICs to enhance the safety of vehicles. In addition to this, the development of connected, autonomous, and low-emission vehicles is anticipated to fuel the demand for logic semiconductors in the coming years.

Meanwhile, the increasing demand for miniature and reliable consumer electronics is significantly bolstering the usage of logic semiconductors.

Market Share by Region

The Asia Pacific represents a substantial portion of the logic semiconductor market share due to the presence of key players such as TSMC and Samsung, among others, in the region. The increasing electrification of various sectors, such as transportation, coupled with rising demand for consumer electronics, is boosting the demand for logic semiconductors.

Key players in the region are also actively investing to meet the growing demands for semiconductors and ensure the resilience of chip supply chains. Meanwhile, technological advancements and innovations are expected to fuel the logic semiconductor market growth in the Asia Pacific in the coming years.

Competitive Landscape

Renesas Electronics Corporation is a semiconductor company that offers embedded design innovations for intelligent and connected devices. Its products are widely used in different end-use sectors, including industrial, home electronics, automotive, and office automation, among others. It is headquartered in Tokyo, Japan.

NXP Semiconductors N.V is a global manufacturer and supplier of semiconductors, offering standard products and mixed-signal solutions. Its products are used in consumer, lighting, automotive, wireless infrastructure, and mobile applications. It aims to build a safer, more connected, and better world through innovative technologies.

Taiwan Semiconductor Manufacturing Company, founded in 1987, is a company that manufactures semiconductors for use in digital consumer electronics, smartphones, high-performance computing, automotive, and the Internet of things (IoT), among others. It is headquartered in Hsinchu, Taiwan.

Other logic semiconductor market players include Intel Corporation, Samsung Electronics Co., Ltd, STMicroelectronics, Lattice Semiconductor Corporation, Advanced Micro Devices, Inc, Fuji Electric Co., Ltd, and Teledyne Technologies Incorporated, among others.

Key Highlights of the Report