Key companies in the global standard logic devices market include Analog Devices, Arrow Electronics, Diodes Incorporated, and Texas Instruments. These are some of the companies that have been able to establish a firm presence across the globe on the back of steady product development as well as merger and acquisition activity. 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. Moreover, new players are likely to enter the market in the coming years, as the demand for standard logic devices is rising significantly from a variety of industries.
According to Transparency Market Research (TMR), the global standard logic devices market had a revenue valuation of close to US$51.2 bn in 2016 and is likely to rise to more than US$92 bn over the 2017-2025 forecast period. The standard logic devices market is expected to exhibit a strong 6.9% CAGR in the forecast period, and is likely to be dominated by Asia Pacific markets, with booming Middle Eastern economies also showing significant promise.
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Rising Demand for Automated Driving Boosts Standard Logic Devices Market
Rising demand for automobiles that sport automated driving support systems, along with the growing demand for electrical equipment in automobiles, will further propel the growth of the standard logic devices market. In addition to this value creation by integrating sensors, the rising use of actuators and artificial intelligence (AI) in various industries is promoting the growth of the standard logic devices market.
Furthermore, in the coming years, the market for gate type IC is expected to experience faster growth. This is due to the rising adoption of high and ultra-high-level-integration integrated circuits in the smartphones and gaming industries. This ongoing trend is expected to boost the standard logic devices market over the coming years, as these industries have been boosted by the presence of a solid consumer demographic in urban centers. Rising demands as per smartphone performance are thus likely to remain a key driver for the global standard logic devices market in the coming years.
Inability to Reprogram Fixed Logic Devices Hampers Standard Logic Devices Market
The standard logic devices market also faces certain drawbacks. A major factor restraining the growth of this market is the inability of fixed logic devices to be programmed again. Standard logic devices work on fixed programs, with which the logic device is configured at the time of designing/manufacture. Once a logic device is implemented in a circuit, it cannot be programmed again. This is expected to have a negative impact on the market for individual standard logic devices.
The information in this preview comes from a Transparency Market Research report titled 'Standard Logic Devices Market (Gate IC Type - OR, AND, Universal Gates, EXOR, and EXNOR; Buffer/Driver Type - Inverting and Non- Inverting; Transceiver Type - Standard, Parity, and Registered; Flip-Flop - SR Flip Flop, D Flip Flop, and JK Flip Flop, T Flip Flop; Switches and Multiplexer Type - Analog, Buffered, and Protocol Specific; Register Type - Storage Registers and Shift Registers) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 - 2025.'
Get more information from Research Report Press Release: http://www.transparencymarketresearch.com/pressrelease/standard-logic-devices-market.htm
The global standard logic devices market is segmented as follows:
Standard Logic Devices Market, by Gate IC Type
- Universal Gates (NAND and NOR)
Standard Logic Devices Market, by Buffer
- Inverting Buffer
- Non-Inverting Buffer
Standard Logic Devices Market, by Transceiver
Standard Logic Devices Market, by Flip Flop
- SR Flip Flop
- D Flip Flop
- JK Flip Flop
- T Flip Flop
Standard Logic Devices Market, by Switches and Multiplexer Type
- Protocol Specific
Standard Logic Devices Market, by Geography
- North America
- The U.S.
- Rest of North America
- The U.K.
- Rest of Europe
- Asia Pacific (APAC)
- Rest of APAC
- Middle East and Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA
- South America
- Rest of South America