PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1258162
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1258162
The global Logic IC Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2029. A logic-integrated circuit can perform logic operations on one or more binary inputs to produce a binary output. A logic integrated circuit (IC) is a single small integrated package that contains a logic circuit's basic components and general functions. The Logic IC market is expanding because of factors such as the rising adoption of electric vehicles and the rise in telecommunication infrastructure
According to Statista, the sales of battery electric vehicle and plug-in hybrid electric vehicle in the United Kingdom is increasing at a good pace. In Q1 of 2018, 14484 units were sold, which increased to 23480 units in Q4 of 2019 and reached 33957 in Q1 of 2020. On the flip side, according to the International Energy Agency in 2020, the sales of electric cars in Germany, Italy, and France have increased rapidly owing to strengthening e-mobility policies, fiscal incentives, and stringent CO2 emission standards. In Europe, electric car sales were 55% higher from 2019 to 2020. Whereas the rising focus on the integration of devices and capital spending by fabs to enhance production capacities create lucrative opportunities for the market. However, the complexity associated with the design of Logic IC hampers market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Logic IC Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the increasing demand for electric vehicles and stringent government regulations. Whereas the Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as the increasing penetration of market players and technological advancement in the forecast period.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable