Logic Integrated Circuits - Ireland

Revenue in the Logic Integrated Circuits market is projected to reach US$54.45m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 12.82%, resulting in a market volume of US$99.51m 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 Ireland has been experiencing steady growth in recent years.

Customer preferences: Customers in the Logic Integrated Circuits market in Ireland are increasingly demanding advanced and high-performance integrated circuits. They are looking for circuits that offer faster processing speeds, lower power consumption, and improved reliability. Additionally, customers are also seeking integrated circuits that are compatible with emerging technologies such as artificial intelligence, Internet of Things, and autonomous vehicles.

Trends in the market: One of the key trends in the Logic Integrated Circuits market in Ireland is the increasing demand for application-specific integrated circuits (ASICs). ASICs are customized integrated circuits that are designed for specific applications, offering higher performance and lower power consumption compared to general-purpose integrated circuits. This trend is driven by the need for specialized circuits in industries such as telecommunications, automotive, and healthcare. Another trend in the market is the growing adoption of System-on-Chip (SoC) solutions. SoC integrates multiple components, including logic circuits, memory, and interfaces, onto a single chip. This trend is driven by the need for compact and power-efficient solutions in mobile devices, wearable technology, and Internet of Things devices. SoC solutions offer cost savings, improved performance, and reduced power consumption.

Local special circumstances: Ireland has a strong presence of multinational technology companies, which has contributed to the growth of the Logic Integrated Circuits market. These companies have established research and development centers in Ireland, driving innovation and creating a demand for advanced integrated circuits. The presence of these companies also attracts talent and expertise in the field of integrated circuit design and manufacturing.

Underlying macroeconomic factors: The growth of the Logic Integrated Circuits market in Ireland is also influenced by macroeconomic factors. Ireland has a favorable business environment, with low corporate tax rates and government incentives for research and development. This has attracted foreign direct investment in the technology sector, leading to the establishment of semiconductor manufacturing facilities and design centers in the country. Furthermore, Ireland is a member of the European Union, which provides access to a large market for integrated circuits. The EU has been focusing on promoting innovation and digitalization, which has created opportunities for the Logic Integrated Circuits market. Additionally, the EU's regulations and standards for product quality and safety have also driven the demand for reliable and high-performance integrated circuits. In conclusion, the Logic Integrated Circuits market in Ireland is experiencing growth due to customer preferences for advanced and high-performance integrated circuits, the increasing demand for ASICs and SoC solutions, the presence of multinational technology companies, and favorable macroeconomic factors such as a business-friendly environment and access to the European 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.

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.