The increasing penetration of mobile phones and tablets across the globe is driving demand for the special purpose logic IC market. In addition, growing usage of Logic Ic in the consumers electronics is another factor supporting growth of the global special purpose Logic IC market in the coming years. Additionally, the surge in demand for low cost mobile phones and increase in internet penetration is stimulating growth of this market in the coming years.
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The usage of the Logic ICS across apart from electronic sector is one of the key factors driving growth of this market. Several prominent companies for instance Toyota and Audi are extensively demanding and providing the electronic device which is utilized in the automotive. This is another trend supplementing growth of the global special purpose logic IC market. Furthermore, emergence of 5G and 4G along with the LT across the globe is likely to provide lucrative opportunities for the growth during the course of forecast period.
From the geographical point of view, Asia Pacific is likely to dominate the global special purpose Logic IC market owing to growing demand and consumption in the coming years. The increasing initiative by the developing countries to improve the telecommunication network is another factor triggering growth in the Asia Pacific regions. The various developing countries such as Thailand, China, and India is propelling demand for the global special purpose Logic IC market in the coming years.
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The presence of large number of players in the global special purpose logic IC market demonstrates fragmented structure. The prominent players operating in the special purpose logic IC market are Texas Instruments, Broadcom, Intel, STMicroelectronics and QUALCOMM.The manufacturers are focused towards strategic mergers and acquisitions in order to expand their market presence across the globe.