Global Special Purpose Logic IC Market 2022-2028
About this market
Increased proliferation of IoT to gain traction in the market. IoT connects all essential home devices to the internet. This includes car, TV, laptop, automated door locks, GPS enabled pet trackers, wearable devices, and mobile phones, thus forming a network of connected devices. The analysts have predicted that the special purpose logic IC market will register a CAGR of almost 3% by 2023.
Market Overview
Automation in automobiles
The automobile sector is undergoing a massive digital makeover. Leading manufacturers such as Toyota, Audi, and Mercedes have invested considerable resources dedicated to R&D of automobile automation.
Uncertainties in prices
Manufacturers of flash memory technologies experience the constant pressure of reducing prices of the products. Customers expect that the prices of ICs should be reduced over a period. However, this affects the manufacturers in terms of low-profit margins.
For the detailed list of factors that will drive and challenge the growth of the special purpose logic IC market during the 2018-2022, view our report.
Competitive Landscape
The market appears to be fragmented and with the presence of several companies including Broadcom and Intel the competitive environment is quite intense. Factors such as the increased proliferation of IoT and the automation in automobiles, will provide considerable growth opportunities to special purpose logic IC manufactures. Broadcom, Intel, QUALCOMM, STMicroelectronics, and Texas Instruments are some of the major companies covered in this report.
Increased proliferation of IoT to gain traction in the market. IoT connects all essential home devices to the internet. This includes car, TV, laptop, automated door locks, GPS enabled pet trackers, wearable devices, and mobile phones, thus forming a network of connected devices. The analysts have predicted that the special purpose logic IC market will register a CAGR of almost 3% by 2023.
Market Overview
Automation in automobiles
The automobile sector is undergoing a massive digital makeover. Leading manufacturers such as Toyota, Audi, and Mercedes have invested considerable resources dedicated to R&D of automobile automation.
Uncertainties in prices
Manufacturers of flash memory technologies experience the constant pressure of reducing prices of the products. Customers expect that the prices of ICs should be reduced over a period. However, this affects the manufacturers in terms of low-profit margins.
For the detailed list of factors that will drive and challenge the growth of the special purpose logic IC market during the 2018-2022, view our report.
Competitive Landscape
The market appears to be fragmented and with the presence of several companies including Broadcom and Intel the competitive environment is quite intense. Factors such as the increased proliferation of IoT and the automation in automobiles, will provide considerable growth opportunities to special purpose logic IC manufactures. Broadcom, Intel, QUALCOMM, STMicroelectronics, and Texas Instruments are some of the major companies covered in this report.
Frequently Asked Questions
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