Logic Integrated Circuits - Thailand

Revenue in the Logic Integrated Circuits market is projected to reach US$7.60bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 13.48%, resulting in a market volume of US$14.31bn 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 Thailand has been experiencing significant growth in recent years.

Customer preferences: Thai customers in the Logic Integrated Circuits market are increasingly demanding high-performance and energy-efficient solutions. They prioritize products that offer advanced features and capabilities, allowing them to stay competitive in their respective industries. Additionally, customers in Thailand are also becoming more conscious about the environmental impact of their purchases, leading to a greater demand for eco-friendly and sustainable Logic Integrated Circuits.

Trends in the market: One of the key trends in the Logic Integrated Circuits market in Thailand is the increasing adoption of artificial intelligence (AI) and machine learning (ML) technologies. These technologies require powerful and efficient Logic Integrated Circuits to process and analyze large amounts of data in real-time. As AI and ML applications continue to expand across various industries, the demand for Logic Integrated Circuits in Thailand is expected to grow significantly. Another trend in the market is the rising popularity of Internet of Things (IoT) devices. IoT devices rely on Logic Integrated Circuits to connect and communicate with each other, enabling seamless data exchange and automation. With the increasing number of IoT deployments in Thailand, the demand for Logic Integrated Circuits is expected to surge.

Local special circumstances: Thailand has a strong manufacturing base, which has contributed to the growth of the Logic Integrated Circuits market. The country's well-established electronics industry and favorable business environment attract both local and international companies to set up production facilities in Thailand. This has led to increased production capacity and a wider range of Logic Integrated Circuits available in the market. Furthermore, Thailand is strategically located in Southeast Asia, making it an attractive destination for global electronics manufacturers. The country's proximity to other emerging markets in the region provides manufacturers with easy access to a larger customer base. This has further fueled the growth of the Logic Integrated Circuits market in Thailand.

Underlying macroeconomic factors: Thailand's strong economic growth and increasing disposable income have played a significant role in the development of the Logic Integrated Circuits market. As the economy expands, businesses and consumers have more resources to invest in advanced technologies, including Logic Integrated Circuits. This has created a favorable market environment for the growth of the industry. Additionally, the Thai government has been actively promoting the development of the electronics industry, including the Logic Integrated Circuits sector. Various incentives and policies have been implemented to attract investment and enhance the competitiveness of the industry. These initiatives have further stimulated the growth of the Logic Integrated Circuits market in Thailand. In conclusion, the Logic Integrated Circuits market in Thailand is experiencing robust growth driven by customer preferences for high-performance and energy-efficient solutions, as well as the increasing adoption of AI, ML, and IoT technologies. The country's strong manufacturing base, favorable business environment, and government support have also contributed to the market's development. With continued economic growth and technological advancements, the Logic Integrated Circuits market in Thailand is expected to thrive in the coming years.

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.