Logic Integrated Circuits - United Arab Emirates

  • United Arab Emirates
  • Revenue in the Logic Integrated Circuits market is projected to reach US$12.39m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 13.46%, resulting in a market volume of US$23.30m by 2029.
  • In global comparison, most revenue will be generated in China (US$56.20bn in 2024).
 
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Analyst Opinion

The Logic Integrated Circuits market in United Arab Emirates is experiencing steady growth due to increasing customer preferences for advanced technology and the presence of local special circumstances that support the development of the market.

Customer preferences:
Customers in United Arab Emirates are increasingly demanding advanced technology products, including Logic Integrated Circuits. This is driven by the need for higher processing power, increased functionality, and improved energy efficiency in various electronic devices. The demand for Logic Integrated Circuits is particularly strong in sectors such as telecommunications, automotive, consumer electronics, and industrial automation. Customers are looking for Logic Integrated Circuits that offer high performance, low power consumption, and compact size to meet their specific requirements.

Trends in the market:
One of the key trends in the Logic Integrated Circuits market in United Arab Emirates is the growing adoption of System-on-Chip (SoC) designs. SoC designs integrate multiple functions onto a single chip, resulting in reduced power consumption, improved performance, and smaller form factors. This trend is driven by the need for compact and energy-efficient devices, especially in sectors such as mobile communications and Internet of Things (IoT). The demand for SoC-based Logic Integrated Circuits is expected to continue growing in the coming years. Another trend in the market is the increasing focus on automotive electronics. The automotive industry in United Arab Emirates is witnessing significant growth, and this is driving the demand for Logic Integrated Circuits used in various automotive applications such as advanced driver assistance systems (ADAS), infotainment systems, and powertrain control units. The adoption of electric vehicles is also contributing to the demand for Logic Integrated Circuits used in battery management systems and electric drivetrains.

Local special circumstances:
United Arab Emirates has a strong focus on technological development and innovation, which creates a favorable environment for the growth of the Logic Integrated Circuits market. The government has been actively promoting the development of the semiconductor industry through initiatives such as the establishment of research and development centers, investment in infrastructure, and collaboration with international technology companies. These efforts have attracted foreign investments and expertise, leading to the transfer of advanced technologies and the growth of the local Logic Integrated Circuits market.

Underlying macroeconomic factors:
The Logic Integrated Circuits market in United Arab Emirates is also influenced by underlying macroeconomic factors. The country has a strong economy and a high per capita income, which supports the demand for advanced electronic devices and drives the growth of the Logic Integrated Circuits market. Additionally, the government's focus on diversifying the economy and reducing dependence on oil revenues has led to increased investments in sectors such as technology, manufacturing, and telecommunications, further boosting the demand for Logic Integrated Circuits. In conclusion, the Logic Integrated Circuits market in United Arab Emirates is developing due to increasing customer preferences for advanced technology, the adoption of SoC designs, the focus on automotive electronics, local special circumstances that support technological development, and underlying macroeconomic factors such as a strong economy and government initiatives. This market is expected to continue growing in the coming years as customers demand more advanced and efficient electronic devices.

Methodology

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.

Overview

  • Revenue
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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