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Next Generation Logic Device Market - Forecast(2024 - 2030)
Next Generation Logic Device Market Overview
The Next
Generation Logic Device Market is estimated to reach US$22.5 billion by 2027,
growing at a CAGR of 35.6% during the forecast period 2022-2027. A next generation logic device is an IC device whose primary function is to provide logic or
processing operation on an input signal. Pushdown automation is used for the recognition
of a set of languages in logic devices. Next-generation lithography techniques
used for nanofabrication in logic devices include extreme ultraviolet
lithography (EUVL) and nanoimprint lithography (NIL). The logic device has a high
resolution as it employs the optical proximity correction method for making digital
circuits. The next-gen logic devices are
widely adopted in various industries owing to their low power consumption,
compact size, high reliability, high switching and easy troubleshooting
features. The upgrading of industries led to the adoption of next-gen logic
devices in production lines as they have the potential to achieve high-volume
production. This resulted in a high growth rate. In February 2022, Nova
Technologies launched the metrology portfolio for advanced gate-all-around
(GAA). The portfolio has multiple advanced solutions, including Nova PRISM and Nova i570, uniquely equipped to address the manufacturing
challenges of Next Generation Logic Devices.
Report Coverage
The “Next Generation Logic Device Market Report –
Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the
following segments in the Next Generation Logic Device Market.
Key Takeaways
- The Spintronic-based Logic devices segment by device type in the Next Generation Logic Device Market is expected to grow the fastest at a CAGR of 37.2% during the forecast period 2022-2027.
- By end-users, the Manufacturing segment in the Next Generation Logic Device Market is expected to grow the fastest at a CAGR of 37.5% during the forecast period 2022-2027.
- Asia-Pacific is expected to grow the fastest at a CAGR of
37.1% in the Next Generation Logic Device Market during the forecast period 2022-2027 due to the implementation of industry 4.0 and the use of 5G technologies.
- The high adoption of Next Generation Logic Devices in the consumer electronics sector to develop high-performance and reliable multipurpose electronic devices is leading to market expansion.
Next Generation Logic Device Market Value Share, by Region, 2021 (%)
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Next Generation Logic Device Market Segment Analysis - by Device type
By device type, the Next Generation Logic Device Market has been segmented into Two Terminal Logic devices, Field Effect Logic devices, Coulomb Blockade Logic devices and Spintronic-based Logic devices. The Spintronic-based Logic devices segment in the Next Generation Logic Device Market is expected to grow fastest at a CAGR of 37.2% during the forecast period 2022-2027. The Spintronic-based Logic devices are widely adopted due to their zero standby leakage, low power consumption, infinite endurance and nonvolatile nature. They are employed in various sectors on large scale due to their easy 3D integration capability with the present-day electronic circuits.
Next Generation Logic Device Market Segment Analysis - by End-users
The Next Generation Logic Device Market by end-users can be segmented into Consumer Electronics, Telecommunication, Automotive, Manufacturing, Healthcare, Industrial and Others. By end-users, the manufacturing segment in the Next Generation Logic Device Market is expected to grow the fastest at a CAGR of 37.5% during the forecast period 2022-2027. They are widely adopted as they are economically sustainable and enable high-volume production. In August 2021, ShanghaiTech University and American Chemical Society researchers developed an air-stable and high mobility 2D Bi2O2Se semiconductor for the electronic manufacturing industries. The Next Gen Logic Devices enable enhanced system integration and large-scale production.
Next Generation Logic Device Market Segment Analysis - by Geography
Asi-Pacific is expected to grow at the fastest CAGR with 37.1%, during the forecast period 2022-2027. The increasing adoption of Next Generation Logic Devices in this region is a result of the implementation of industry 4.0 and the use of 5G technologies. The next-gen logic devices are used in the electronic industry for producing next-gen transistor which is further used in a wide variety of electronic systems for better performance and high reliability. Leading companies in this region are investing in research and development of advanced next-gen logic devices which can manage huge data systems. This is leading to a high revenue rate. In June 2022, the US logic chip designer AMD (Advanced Micro Devices) announced a collaboration with South Korean tech giant Samsung Electronics for producing the next-gen processor for application in data center servers. The collaboration would have a significant impact on both companies' Next Generation Logic Device Market share. This new product would improve connectivity and huge data management. It would have quadruple memory capacity and lower the system latency by 80%.
Next Generation Logic Device Market Drivers
The high adoption of Next
Generation Logic Device in the Consumer Electronics sector to develop high-performance and
reliable multipurpose electronic devices:
The consumer
electronics sector is widely adopting Next Generation Logic Devices due to their
compact size, high performance, flexibility and low power consumption features. The leading companies are also
investing and developing a variety of next-gen logic devices which are flexible
with advanced 5G technologies and can be used in multiple sectors. In December 2021, Samsung introduced 3
new logic solutions to power the next generation automobiles. The latest
automotive chip solutions are the Exynos Auto T5123 for 5G connectivity, the
Exynos Auto V7 for comprehensive in-vehicle infotainment systems and the ASIL-B
certified S2VPS01 power management IC (PMIC) for the Auto V series. Samsung’s
new product would provide 100% in-vehicle performance with enhanced connectivity
and also help in expanding its presence in the automotive field.
The development of high-resolution logic devices with NGL techniques:
The next-generation lithography (NGL) techniques are used for nanofabrication & manufacturing of enhanced Next Generation Logic devices with high resolution, low line edge roughness (LER) and low sensitivity features. The various NGLs include extreme ultraviolet lithography (EUVL), electron-beam lithography (EBL), focused ion beam lithography (FIBL), nanoimprint lithography (NIL) and directed self-assembly (DSA). The most commonly used NGL techniques are extreme ultraviolet lithography and nanoimprint lithography because of their simple process steps, high throughput and high resolution. In April 2019, SPIE Advanced Lithography Conference in their Next Generation Logic Device Market report stated that Canon’s high-resolution nanoimprint technology had met the performance criteria for 3D-NAND.
Next Generation Logic Device Market Challenges
High-cost solutions and low-security features:
The next-gen lithography technique used as a nanofabrication platform for logic devices demands huge investment. The processing costs increase as integration and miniaturization advance in the next-gen logic devices. SMEs cannot afford such expensive solutions due to their limited financial budget. Logic devices also lack proper security features. This would restrict the market growth. In March 2021, Lendingkart stated in their report that the annual threshold for investment in the small enterprise sector ranged between $10 million and $100 million, while in the medium enterprise sector, it was between $100 million and $500 million. Each next-gen lithography machine can cost $150million and above. It contains above 100,000 parts & cabling. Therefore, it’s next to impossible for SMEs to spend such a huge amount for a single machine.
Next Generation Logic Device Industry Outlook
Product launches, collaborations and R&D activities are key strategies adopted by players in the Next Generation Logic Device Market. The top 10 companies in the Next Generation Logic Device Market are:
- Intel Corporation
- Lattice Semiconductor Corporation
- Microchip Technology Inc.
- Nova Technologies
- Advanced Microsensors Inc.
- Applied Spintronic Technology Inc.
- Everspin Technologies
- PCB Piezotronics
- Kistler Group
- Infenion Technologies AG
Recent Developments
- In July 2022, Yuwei Optical to enhance their Next Generation Logic Device Market share with the development of optical proximity correction (OPC) software for photomask optimization.
- In July 2021, Dremio launched a cloud service with enhanced pushdown automation that creates a data lake based on an in-memory SQL engine. This SQL engine launches queries against data stored in an object-based storage system.
- In May 2019, National University of Singapore scientists, in their Next Generation Logic Device Market report, stated the discovery of two-dimensional (2-D) transition metal dichalcogenides (TMDs) heterostructures for fabricating next-generation logic devices. It is a potential method to fabricate photoresist-free p-n junctions and inverters for the development of logic electronic devices.
Relevant Reports:
Report Code: CMR 12696
Report Code: ESR 0563
Report Code: ESR 0217
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