Logic Integrated Circuits - Australia

Revenue in the Logic Integrated Circuits market is projected to reach US$85.55m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 12.66%, resulting in a market volume of US$155.30m by 2029.
In global comparison, most revenue will be generated China (US$56.20bn in 2024).

Definition:

Logic integrated circuits are integrated circuits that are designed for digital logic functions. Digital bipolar devices, MOS logic devices, and programmable logic devices are some examples of logic integrated circuits.

Additional Information:

The Logic Integrated Circuits market comprises revenue and revenue change as the key performance indicators. Only the revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included and the revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B), and governments (B2G).

Key players in this market include Xilinx, Microchip, ST Microelectronics, Diodes Inc., etc.,

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Digital bipolar logic device
MOS logic devices
Fixed gate arrays
Programmable logic devices

Microcontrollers
Microprocessors
Digital signal processors

The Logic Integrated Circuits market in Australia is experiencing steady growth, driven by customer preferences for advanced technology and the increasing demand for electronic devices in various industries.

Customer preferences: Customers in Australia are increasingly demanding advanced technology and high-performance electronic devices. This has led to a growing demand for Logic Integrated Circuits, which play a crucial role in the functioning of these devices. Customers are looking for integrated circuits that offer improved efficiency, higher processing speeds, and enhanced functionality. As a result, there is a rising preference for Logic Integrated Circuits that can meet these requirements and provide a seamless user experience.

Trends in the market: One of the key trends in the Logic Integrated Circuits market in Australia is the miniaturization of electronic devices. As technology continues to advance, there is a growing need for smaller and more compact devices that can perform complex functions. This trend has fueled the demand for Logic Integrated Circuits that can be integrated into smaller form factors without compromising performance. Manufacturers are focusing on developing miniaturized Logic Integrated Circuits that can meet the requirements of compact devices such as smartphones, wearables, and IoT devices. Another trend in the market is the increasing adoption of artificial intelligence (AI) and machine learning (ML) technologies. AI and ML are being incorporated into a wide range of applications, from autonomous vehicles to smart homes. These technologies require powerful Logic Integrated Circuits that can handle complex algorithms and process large amounts of data in real-time. As a result, there is a growing demand for Logic Integrated Circuits with high computational capabilities and efficient power management.

Local special circumstances: Australia has a strong electronics manufacturing industry, which contributes to the growth of the Logic Integrated Circuits market. The country has a skilled workforce and advanced manufacturing facilities, making it an attractive destination for electronics manufacturers. The presence of local manufacturers and suppliers provides a competitive advantage, as it reduces lead times and transportation costs for Logic Integrated Circuits. Additionally, the Australian government has been supportive of the electronics industry, offering incentives and grants to promote innovation and research. This has encouraged local companies to invest in the development of advanced Logic Integrated Circuits and has attracted foreign companies to establish their presence in the country.

Underlying macroeconomic factors: The growth of the Logic Integrated Circuits market in Australia is also influenced by macroeconomic factors such as GDP growth, consumer spending, and technological advancements. As the Australian economy continues to grow, there is an increase in consumer spending on electronic devices, driving the demand for Logic Integrated Circuits. Technological advancements and the rapid pace of innovation in the electronics industry also contribute to the growth of the market, as manufacturers strive to introduce new and improved Logic Integrated Circuits to meet the evolving needs of customers. In conclusion, the Logic Integrated Circuits market in Australia is experiencing steady growth due to customer preferences for advanced technology, the miniaturization of electronic devices, and the increasing adoption of AI and ML technologies. The presence of a strong electronics manufacturing industry, government support, and favorable macroeconomic factors further contribute to the market's development.

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the money spent at the manufacturer price level (excluding VAT).

Modeling approach / Market size:

Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market. As a basis for evaluating markets, we use the annual financial reports of the market-leading companies and reports from our primary research. In addition, we use relevant key market indicators and data from country-specific associations. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Governments and companies across the entire semiconductor value chain have had to navigate changing demands, supply chain imbalances, and geopolitical factors in recent times. As a result, action plans and policies have had to be established to safeguard the supply of semiconductors. In 2024, global semiconductor sales surpassed 600 billion U.S. dollars, a jump from the previous year as the industry reaps the rewards from the artificial intelligence (AI) revolution sweeping across the world.