The Logic Integrated Circuits market is the largest market in the semiconductor market in terms of revenue with more than a 30 % share. Almost all digital electronic products require logic integrated circuits for one or the other functions.
The increasing demand for industrial production equipment, 5G-enabled smartphones, medical devices, and electric vehicles will drive growth in this market. Furthermore, technological advancements such as reduced power consumption, higher productivity, and reliability would also positively influence the market.
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.
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