Logic Integrated Circuits - Hong Kong

Revenue in the Logic Integrated Circuits market is projected to reach US$26.80bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 11.59%, resulting in a market volume of US$46.37bn 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 Hong Kong is experiencing steady growth due to increasing customer preferences for advanced electronic devices and the local special circumstances that support the development of the electronics industry.

Customer preferences: Customers in Hong Kong have a strong preference for high-quality electronic devices that offer advanced features and functionality. As a result, there is a growing demand for Logic Integrated Circuits, which are essential components of electronic devices such as smartphones, tablets, and laptops. These circuits enable the efficient processing of data and the execution of complex functions, making them crucial for the performance of modern electronic devices.

Trends in the market: The Logic Integrated Circuits market in Hong Kong is witnessing several key trends. Firstly, there is a growing demand for smaller and more power-efficient circuits, driven by the increasing popularity of portable electronic devices. Consumers are seeking devices that are lightweight and have longer battery life, which requires the use of smaller and more energy-efficient Logic Integrated Circuits. Manufacturers are responding to this trend by developing and producing advanced circuits that meet these requirements. Another trend in the market is the increasing adoption of artificial intelligence (AI) and Internet of Things (IoT) technologies. These technologies rely heavily on Logic Integrated Circuits to process and analyze large amounts of data in real-time. As Hong Kong continues to embrace AI and IoT applications in various industries, the demand for Logic Integrated Circuits is expected to grow further.

Local special circumstances: Hong Kong has a well-established electronics industry, with a strong manufacturing base and a skilled workforce. The city is known for its expertise in electronics design and production, making it an attractive location for companies involved in the development and manufacturing of Logic Integrated Circuits. The presence of a robust supply chain and favorable business environment further support the growth of the Logic Integrated Circuits market in Hong Kong.

Underlying macroeconomic factors: The growth of the Logic Integrated Circuits market in Hong Kong is also influenced by underlying macroeconomic factors. Hong Kong's strategic location as a gateway to the Chinese market and its status as a global financial hub attract international companies to establish their presence in the city. This has led to increased collaboration and partnerships between local and international players in the electronics industry, driving the development and adoption of advanced technologies, including Logic Integrated Circuits. Furthermore, the government of Hong Kong has been actively promoting the development of the technology sector through various initiatives and policies. These include investment in research and development, support for startups, and the provision of funding for innovation projects. These efforts contribute to the overall growth of the electronics industry, including the Logic Integrated Circuits market. In conclusion, the Logic Integrated Circuits market in Hong Kong is growing steadily due to customer preferences for advanced electronic devices, the adoption of AI and IoT technologies, the local special circumstances that support the electronics industry, and the underlying macroeconomic factors that promote innovation and collaboration.

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.