Communication Standard Logic IC Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.85 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Communication Standard Logic IC Market Analysis
The Communication Standard Logic IC Market is expected to grow by 4.85% CAGR during the forecast period. New applications have emerged as a result of recent technological breakthroughs in this industry. The increasing use of smartphones, the adoption of electric vehicles, and the expansion of telecommunication infrastructure in both developed and developing countries are all factors driving up demand for Communication Standard Logic IC.
- Manufacturers are increasingly focusing on developing gadgets that minimize power consumption while delivering the desired performance in a small package. As a result, the Communication Standard Logic IC market is expected to be driven by the increased focus on device integration.
- Telecommunication modules employ communication ICs to interpret, process, and transmit data signals. It simplifies electrical equipment and supports numerous technologies, allowing it to be used in automotive, data centers, and the consumer electronics sector. Amplifier circuits, FM wave detection ICs, mixers, and other ICs are used in the electronics industry to deliver effective solutions. Industry players are helping to boost their market share by providing services such as IC selection advice for specific applications.
- The communication ICs market is expanding due to rising internet penetration and rising demand for consumer devices such as mobile phones, laptops, and tablets. Because of the rising need for high-band connectivity services around the world, the COVID-19 pandemic is positively impacting the market growth. Furthermore, the increased production of medical equipment contributed to the market's expansion.
- Rapid expansion in the automotive industry is favorably influencing market growth due to the increasing deployment of connection services in cars. Furthermore, a rise in the connected automobiles market is expected to drive market growth throughout the forecast period.
Communication Standard Logic IC Market Trends
This section covers the major market trends shaping the Communication Standard Logic IC Market according to our research experts:
Automotive Industry to Drive the Market Growth
- Because of rising consumer awareness about environmental pollution and rising oil prices, the demand for electric vehicles is expanding globally, which is driving the market for communication logic IC to rise. The potential of vehicle-to-vehicle (V2V) communication to wirelessly transmit information on the speed and position of nearby cars holds enormous promise for reducing traffic congestion, avoiding crashes, and improving the environment.
- Increased sales of vehicles as a result of increased connectivity options in vehicles are positively impacting the industry's growth. Furthermore, the market is expected to develop in the forecast period due to the rapid growth of the automotive sector.
- Germany produces a major portion of the world's premium cars, accounting for over 70% of all premium vehicles sold worldwide. According to the Federal Statistical Office, Germany's automotive microelectronics sector is predicted to grow at a rate of 5.9% each year, making it the industry's strongest country. The addition of advanced features and utilities to such vehicles boosts the market's demand.
- The need for ICs in automotive is growing as a result of new government laws aimed at improving driver safety and security. Because of the existence of large players offering innovative solutions, North America held a dominating market for automotive ICs in 2016.
- Furthermore, the market for automotive ICs in North America has grown due to the widespread adoption of modern vehicles and a surge in public demand for safety and security in vehicles. Due to increased sales of modern vehicles, passenger cars have a larger penetration in this region, which is likely to boost market growth even further.
Asia pacific is Anticipated to be the Fastest Growing Region
- Asia-Pacific is the fastest-growing region in terms of demand, consumer base, and economy of the region. Many growing economies in the Asia-Pacific area have lower ownership rates for consumer electronics, automobiles, etc. The region is also witnessing rapidly growing industries such as automobiles, electronics, semiconductors, smartphones, and others. The region also has major countries with massive military budgets, driving the demand for electronics and IC products. These combined factors make Asia-Pacific one of the fastest-growing geography for the market.
- According to the GSMA's Mobile Economy Report 2021, nearly 200 million new mobile subscribers will be added by 2025, bringing the total number of subscribers to 1.8 billion (62% of the region's population). Moreover, South Asia will account for a large portion of the expansion, with India accounting for more than half of the new users by 2025.
- 5G networks, cloud services, edge computing, AI, big data, and the Internet of Things will all be critical in driving the market in a post-pandemic digital economy. By the end of 2025, Asia Pacific will have 429 million 5G connections and 3.3 billion total IoT connections, according to the GSMA.
- The region has a strong infrastructure for automobile manufacturing and a huge market for consumption. Asia-Pacific is the home of major automobile manufacturers such as Honda, Hyundai, Toyota, TATA, etc. The region is also a huge market for the automobile industry, with consumers of all classes.
- According to the 2022 data by OICA, in 2021, China produced approximately 21.4 million passenger cars, while Japan and India produced approx. 6.6 and 3.6 million cars. While China has partnerships and collaborations with global automobile manufacturers, making it the biggest auto producer in the region, ahead of South Korea, Japan, and India, these countries enjoy a strong domestic automotive sector. With the rise of the auto industry in the region, the demand for the studied market will also grow.
Communication Standard Logic IC Industry Overview
The market for Communication Standard Logic ICs is competitive, with several manufacturers. Product innovation, mergers, and acquisitions are some of the techniques used by market players. Furthermore, as the IC manufacturing process improves, allowing for more applications, new industry participants are extending their market presence and expanding their corporate footprint in emerging nations.
- In November 2021 - The R9A06G061 power line communication (PLC) modem IC was introduced by Renesas Electronics Corporation, a leading provider of sophisticated semiconductor technologies. The R9A06G061 provides high-speed communication of up to 1 Mbps across extended distances of a kilometer or more without the use of relays, broadening the scope of PLC applications.
- In August 2021 - Renesas Electronics Corporation, a leading provider of advanced semiconductor solutions, and Dialog Semiconductor Plc, a leading provider of battery and power management, Wi-Fi, Bluetooth, low energy, and Industrial edge computing solutions, have announced the completion of Renesas' acquisition of Dialog's entire issued and to be issued share capital.
Communication Standard Logic IC Market Leaders
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STMicroelectronics
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Renesas Electronics
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Broadcom Inc.
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Qualcomm
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NXP Semiconductors
*Disclaimer: Major Players sorted in no particular order
Communication Standard Logic IC Market News
- August 2021 - Celeno Communications Inc. becomes a wholly-owned subsidiary of Renesas Electronics Corporation once Renesas acquires all outstanding shares. Celeno Communications Ltd., a semiconductor firm based in Israel, is a holding company for Celeno Communications Ltd. Celeno provides a wide range of wireless communication solutions for high-performance home networks, smart buildings, enterprise, and industrial applications, including innovative Wi-Fi chipsets and software solutions.
Communication Standard Logic IC 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 Value Chain / Supply Chain Analysis
4.3 Porters Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitutes
4.3.5 Intensity of Competitive Rivalry
4.4 MARKET DYNAMICS
4.4.1 Market Drivers
4.4.1.1 Growing Focus on the Integration of Devices
4.4.1.2 Rising Capital Spending by Fabs to Increase Production Capacities
4.4.2 Market Restraints
4.4.2.1 Complexity Associated with the design of Logic IC
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 TTL (Transistor Transistor Logic)
5.1.2 CMOS (Complementary Metal Oxide Semiconductor)
5.1.3 Mixed-Signal IC
5.2 By Application
5.2.1 Automotive
5.2.2 Consumer Electronics
5.2.3 Industrial
5.2.4 Aerospace & Defense
5.2.5 Medical
5.2.6 Others
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia Pacific
5.3.4 Latin America
5.3.5 Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 STMicroelectronics
6.1.2 Renesas Electronics
6.1.3 ADI
6.1.4 Broadcom Inc.
6.1.5 Qualcomm Inc.
6.1.6 NXP Semiconductors N.V.
6.1.7 Marvell Semiconductor, Inc.
6.1.8 Mediatek, Inc.
6.1.9 Intel Corporation
6.1.10 Toshiba Corporation
- *List Not Exhaustive
7. INVESTMENT ANALYSIS
8. FUTURE OF THE MARKET
Communication Standard Logic IC Industry Segmentation
A logic IC is a semiconductor device that produces a digital output signal by performing a fundamental logical operation on one or more digital input signals (represented by 1 and 0 or H and L). Standard of Communication Logical ICs are integrated circuits that enable the transmission, receiving, and analysis of data and signals in conventional telecommunication electronic modules.
Communication Standard Logic IC Market is segmented by Type ( TTL (Transistor Transistor Logic), CMOS (Complementary Metal Oxide Semiconductor), Mixed-Signal IC), Application (Automotive, Consumer Electronics, Industrial, Aerospace & Defense, Medical), and Geography.
| By Type | |
| TTL (Transistor Transistor Logic) | |
| CMOS (Complementary Metal Oxide Semiconductor) | |
| Mixed-Signal IC |
| By Application | |
| Automotive | |
| Consumer Electronics | |
| Industrial | |
| Aerospace & Defense | |
| Medical | |
| Others |
| Geography | |
| North America | |
| Europe | |
| Asia Pacific | |
| Latin America | |
| Middle East & Africa |
Communication Standard Logic IC Market Research FAQs
What is the current Communication Standard Logic IC Market size?
The Communication Standard Logic IC Market is projected to register a CAGR of 4.85% during the forecast period (2024-2029)
Who are the key players in Communication Standard Logic IC Market?
STMicroelectronics, Renesas Electronics, Broadcom Inc., Qualcomm and NXP Semiconductors are the major companies operating in the Communication Standard Logic IC Market.
Which is the fastest growing region in Communication Standard Logic IC Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Communication Standard Logic IC Market?
In 2024, the North America accounts for the largest market share in Communication Standard Logic IC Market.
What years does this Communication Standard Logic IC Market cover?
The report covers the Communication Standard Logic IC Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Communication Standard Logic IC Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Communication Standard Logic IC Industry Report
Statistics for the 2024 Communication Standard Logic IC market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Communication Standard Logic IC analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
