Standard Logic Devices Market Expected to Reach $27.56 Billion by 2029, Driven by Growth in Automation and Electronics
Market Overview:
The global standard logic devices market is projected to reach US$27.56 billion by 2029, growing at a CAGR of 6.9% during the forecast period (2023-2029). This growth is attributed to the increasing demand for automation in various sectors, including industrial, commercial, and healthcare, coupled with the rising popularity of driver-assistance technologies in the automotive industry.
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Report Scope:
This report provides a comprehensive analysis of the global standard logic devices market, covering:
- Market size and forecast: Historical data (2017-2022), base year (2022), and forecast period (2023-2029) with CAGR.
- Segmentation: By gate IC type, buffer/driver type, transceiver type, switches and multiplexer type, and region.
- Regional analysis: North America, Europe, Asia Pacific, Middle East & Africa, and South America.
- Key players: STMicroelectronics, Toshiba Semiconductor and Storage, ROHM Semiconductor, Microchip Technology, NXP Semiconductors, Maxim Integrated Products, ON Semiconductor, Analog Devices, Arrow Electronics, Diodes Incorporated, Texas Instruments, and Storage.
- Market dynamics: Drivers, restraints, opportunities, and trends.
- Competitive landscape: Market share analysis, growth strategies, and product portfolios of key players.
Research Methodology:
The report utilizes a combination of primary and secondary research methodologies. Primary research involves interviews with industry experts and market participants. Secondary research involves data collection from various sources, including company reports, government publications, industry associations, and market research databases.
Segmentation and Regional Insights:
The market is segmented by various categories, including:
- Gate IC type: Universal gates, OR gates, AND gates, EXOR gates, and EXNOR gates.
- Buffer/driver type: Inverting and non-inverting buffers.
- Transceiver type: Standard and parity transceivers.
- Switches and Multiplexer type: Buffered and protocol-specific types.
Regionally, Asia Pacific held the largest market share in 2022, driven by the increasing demand for electronics and rising automation in the region. The Middle East and Africa is expected to witness the fastest growth rate during the forecast period due to increasing investments in infrastructure development and growing adoption of advanced technologies.
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