What Is The Scope Of The Global Logic Nodes Market?
Logic nodes refer to the specific manufacturing technology and process used to produce semiconductor devices, particularly logic chips, which are the fundamental building blocks for various digital circuits and systems. These nodes are characterized by their feature size, measured in nanometers (nm), which indicates the smallest dimension of a transistor or other critical components within the chip.
Logic Nodes Global Market Report 2024 provides data on the global logic nodes market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The logic nodes market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
How Is The Global Logic Nodes Market Expected To Grow In Size And Annual Rates?
The logic nodes market has steadily grown, increasing from $2.82 billion in 2023 to $2.91 billion in 2024 at a CAGR of 3.3%. Historical growth can be attributed to the miniaturization of electronic devices, rising consumer electronics demand, automation in manufacturing, advancements in automotive electronics, and the expansion of industrial electronics. The market is expected to reach $3.74 billion in 2028, growing at a CAGR of 6.5%. Factors driving this growth include the demand for electric vehicles, renewable energy projects, the surge in smart home devices, a focus on energy efficiency, and the adoption of 5G technology. Prominent trends during this period will involve thin film technology, integration of resistors in advanced driver-assistance systems (ADAS), the development of resistor networks for complex circuits, increased use in renewable energy applications, and strategic partnerships.
What Main Forces Are Fueling Expansion In The Logic Nodes Market?
The expanding internet connectivity is expected to stimulate the growth of the logic node market in the coming years. Internet connectivity, which allows devices and networks to communicate through the global internet infrastructure, is increasing due to the digital transformation, widespread use of smart devices, and expanded network infrastructure. Logic nodes are essential for managing data routing, processing, and traffic control to ensure reliable communication between devices on a network. In November 2022, the International Telecommunication Union reported that 66% of the global population, or approximately 5.3 billion people, used the internet in 2022, marking a 6.1% increase from 2021. This growing internet connectivity is therefore driving the logic node market.
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What Are The Primary Segments In The Global Logic Nodes Market?
The logic nodes market covered in this report is segmented –
1) By Type: Customized, Standard
2) By Performance Requirement: High Performance Computing, Low Power Applications
3) By Application: Consumer Electronics, Automotive Electronics, Industrial, Others Applications
Which Key Trends Are Driving Changes In The Logic Nodes Market?
Key players in the logic node market are forming strategic partnerships to advance semiconductor technology. These alliances are aimed at achieving shared objectives that drive innovation in semiconductor research and development. For instance, in December 2022, IBM, a U.S.-based global technology company, partnered with Rapidus, a Japanese semiconductor manufacturer, to develop advanced logic scaling technology. This collaboration is part of Japan's broader strategy to reestablish its prominence in the semiconductor supply chain, fostering innovation that contributes to the development of cutting-edge logic semiconductors for global applications.
What Is The Leading Region In The Logic Nodes Market?
Asia-Pacific was the largest region in the logic nodes market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the logic nodes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
