Standard Logic Devices Market: Snapshot
The standard logic devices market is expected to witness significant growth from 2017 to 2025. Electronic component industry has experienced robust growth in the last few years due to its expanding application areas. This growth is significantly contributed by the growth in consumer electronics products such as mobile phones, DVD, TV, etc. and office automation products like printers, computers, etc. This high growth has compelled many companies in these industries to set up new manufacturing units and expand the production capacity over the last few years. Furthermore, the ongoing technological advancements, are expected to expand the application areas of standard logic devices thus driving the growth of the standard logic devices industry during the forecast period.
The overall standard logic devices market size in terms of revenue is expected to reach US$92,695.7 mn by 2025. The global standard logic devices market is anticipated to expand at a CAGR of 6.9% during the forecast period from 2017 to 2025. In 2016, the global standard logic devices market revenue was pegged at US$51,199.3 mn.
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Non-inverting Buffers to Witness High Demand
The standard logic devices market is segmented on the basis of gate IC type, buffer, transceiver, flip-flop, switches and multiplexers, and registers. On the basis of gate IC type the market is classified as OR, AND, Universal Gates (NAND and NOR), EXOR and EXNOR.
In terms of buffer, the market is segmented into inverting and non-inverting buffer. In 2016, non-inverting buffers accounted for more than half of the overall standard logic devices market. Based on transceiver the market is divided into standard, parity, and registered transceiver. Standard transceivers are estimated to dominate the market during the forecast period followed by the registered transceiver segment. The transceiver segment is expected to grow at a CAGR of 6.7% during the 2017-2025 forecast period and is projected to reach US$8.2 bn in 2025.
Asia Pacific Emerges as Dominant Regional Market
Asia Pacific held the leading share in the global standard logic devices market in 2016, with the market valued at close to US$18.5 bn. The market is expected to exhibit a robust 7.2% CAGR from 2017 to 2025, bested only by the MEA market’s 7.3%. The Middle East and Africa market for standard logic devices is likely to rise to close to US$6 bn by 2025.
One of the key drivers for the global standard logic devices market is the rising demand for automation technology in industrial settings as well as the automotive sector. Automation has made industrial operation much easier, while the demand for driver aid technology has grown steadily in the automobile industry. Growing adoption of driver aid technology in premium automobiles has led to a significant trickle-down effect in the industry, driving demand from the standard logic devices market across the automotive sector. The rising ultra-high-net-worth demographic in Asia Pacific and the Middle East is thus vital for the global standard logic devices market in the coming years.
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The global standard logic devices market comprises large as well as mid-level vendors, including Analog Devices, Arrow Electronics, Diodes Incorporated and Texas Instruments. These companies have been able to establish a strong presence around the globe. Several new players are expected to enter the market in the coming years as the demand for standard logic devices is rising significantly. Other key players in this industry are STMicroelectronics N.V, Toshiba Semiconductor and Storage, ROHM Semiconductor, Microchip Technology Inc., NXP Semiconductors N.V., Maxim Integrated Products Inc., and ON Semiconductor.