Insights on the Global Special Purpose Logic IC Market Research 2021-2025 | Key Vendor Insights and Forecasts | Technavio
The special purpose logic ic market is expected to grow by USD 30.67 billion, progressing at a CAGR of over 6% during the forecast period.
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Technavio has announced its latest market research report titled Global Special Purpose Logic IC Market 2021-2025 (Graphic: Business Wire)
The high adoption of smartphones and tablets is one of the major factors propelling the market growth. However, factors such as the miniaturization of electronic devices will hamper the market growth.
Special Purpose Logic IC Market: Application Landscape
Based on the application, the communications segment led the market in 2020. The market is driven by the high adoption of smartphones and tablets. The growth of the market segment will be significant during the forecast period.
Special Purpose Logic IC Market: Geographic Landscape
By geography, APAC is going to have a lucrative growth during the forecast period. About 74% of the market's overall growth is expected to originate from APAC. The growth and expansion of the telecommunication network are one of the prime factors that will facilitate the special purpose logic IC market growth in APAC over the forecast period. China is one of the key markets for Special Purpose Logic IC in APAC.
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Key Topics Covered:
Five Forces Analysis
Market Segmentation by Application
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