Low-Power VLSI Circuits Market Report

The growth of the Internet of Things (IoT) has been one of the major drivers for the increasing demand for low-power VLSI (Very-Large-Scale Integration) circuits, as an increase in IoT devices also causes a rising demand for low-power solutions, as most of the IoT devices and sensors will have to handle power with utmost care since they will be battery-powered. IoT devices such as sensors, wearables, and smart appliances are supposed to work on battery-powered power sources for a long time. For instance, a standard smart thermostat might last months or even years on a single battery cycle, and fitness or health monitors are the same, leading to the use of battery power for a long period. In the swift incorporation of IoT devices into various industries, including healthcare, automotive, and agriculture, that demand low-power VLSI circuits, new products emphasizing transforming energy-efficient chip design are on the rise.

The increasing adoption of wearable technology is a primary driver for the low-power VLSI, and wearables need a chip that provides performance and yet consumes minimal power to achieve a battery life that lasts longer, reducing the necessity of frequent recharging of the device. Wearables and fitness trackers, specifically, are now being embraced at a tremendous pace, driven by increased health awareness, and information, such as heart rate, step activity, or sleep, can now be captured and analyzed throughout. With this extended use of wearables, there is an even higher need for VLSI circuits that can use minimal power while maintaining the capability to continuously execute the processing. As wearables continue to grow in popularity, companies will continue to opt for low-power VLSI technologies that will deliver the energy-efficient products currently needed in wearable and other devices.

The increasing need for energy-efficient electronic products is one of the key drivers of growth for the low-power VLSI circuits market. The rising use of mobile phones necessitates a huge demand for low-energy chips in that product category. Also, the expansion of wearables, which are projected to ship more than 450 million units by 2025, is expected to continue, and this will create a much bigger base of devices to look at low-energy consumption chips. Just like a mobile phone, wearables are meant to be always on, so they depend significantly on low-power chips to provide consistent performance over a long period. This is leading to greater use of low-power VLSI circuits, which allow for more efficient processing, better power savings, and packaging ease without compromising performance over longer periods.
 

The advent of 5G and beyond 5G is a huge opportunity for the low-power VLSI circuits market, as there is growing demand for power-efficient solutions in mobile communication networks. With 5G networks going live in the world, the need for high-performance, low-power devices in 5G features is growing in smartphones, wearables, and IoT. This leap in advance will fuel the need for energy-efficient VLSI solutions to power highly sophisticated chipsets in consumer devices, as well as the network infrastructure supporting them. Similarly, the development of 6G will only serve to augment this need for ultra-low-power circuits that support new communication paradigms within the terahertz frequency and massive machine-type communications (mMTCs). Low-power VLSI circuit technology will be crucial in high-performance yet sustainable communications during this emerging age.

Edge computing and artificial intelligence (AI) are promising opportunities for the low-power VLSI circuits market as the need for low-latency data processing and real-time decision making becomes increasingly widespread. As more edge devices (sensors, cameras, and smart devices) are released, the requirement for low-power circuits that can process AI locally, instead of sending everything back to centralized cloud servers, will continue to rise. The global edge computing market is expected to expand at a CAGR of 30% during the next five years. Low-power VLSI circuits are particularly attractive to this market opportunity to meet long-life in the battery-powered devices that would be on an edge device. An opportunity for low-power VLSI circuits in the market is particularly relevant to IoT applications, where low-power usage and high computational effectiveness need to work together in harmony to be successful with devices.

• Innovation of a light beam-based computer chip instead of electrical signals to accelerate artificial intelligence (AI) calculations.
• Rising use of wearables, desiring performance, and less power consumption.
• Greater demand for low-power electronic products due to increasing usage of gadgets per individual.
• Increase in demand for power-efficient solutions in mobile networks and communication.
• Edge computing and artificial intelligence (AI) are encouraging opportunities for the low-power VLSI circuits market.

Technological limitations in power efficiency are a significant threat to the low-power VLSI circuits market, as systems and devices become more complex. It is increasingly difficult to deliver low-power consumption with the same or even better performance. Removing or minimizing such power losses, without the trade-off in functionality, will be a necessity for advanced design techniques and materials, which will add complexity to the design and development process.

Power management at the circuit level will be critical to successful design, to guarantee that devices are satisfying power management requirements to provide ongoing performance and battery life in applications that rely on these aspects, particularly in segments such as wearables and IoT. Statistically, power consumption on integrated circuits rose at a level of 5-10% over the last year, and will remain an issue for designers due to continued power efficiency. As power continues to grow, companies will have to sift through balancing power reduction and increasing consumption.

The low-power VLSI circuits market is greatly affected by huge development expenses involved in the intricate and complex process of deriving and manufacturing low-power circuits. Developmental investments, research and development, sophisticated semiconductor processing equipment, and even prototyping and testing are to be taken into account in the expenses that contribute towards the overall expenditure of low-power designs, which can be hindrances to business. The very nature of low-power VLSI necessitates that journalist companies have advanced products that demand high capital investment. Large corporations are making big investments toward the creation of new low-power VLSI designs that potentially will affect profitability, pricing, and possibly amount of design idea price pressure due to development of offering in price terms of designs, possibly hinder the broader market, with the result of higher that total market adoption including even lower costs in pursuing the use of low-power chips and sustaining a low price perception of the manufacturers.

The low-power VLSI circuits market is growing at a fast pace due to the growing need for energy-efficient electronics. The new features in low-power VLSI by TSMC and Intel are relevant for wearables and cell phones that need uniform battery life. Apart from low-power circuit design, dynamic voltage and frequency scaling (DVFS) is also becoming more common in low-power equipment; it is a method by which the electronic equipment uses logic to reduce power consumption in certain instances in real time after application workload. Google and NVIDIA are already working on AI-based circuits that will help cut down the dependence on processing in centralized cloud services, and hence be more energy-efficient in the dynamic analysis of data. With the growth of IoT and wearables, low-power VLSI circuits will be employed to provide more battery life without compromising functionality and performance.

North America's low-power VLSI circuits market is a leading region fueling demand for low-power semiconductor technologies based on the demand for effective consumption of energy by a range of verticals, such as consumer electronics, telecom, automotive, and healthcare. North America is home to numerous technologies, intellectual property and semiconductor players, particularly in the U.S., with an increasing speed of developing and adopting superior low-power VLSI circuits. 

Low-power VLSI circuits are critical since IoT devices, wearables, and edge computing are on the rise and require long battery life and real-time data processing. For instance, the North American wearable market is expected to surpass 150 million units by 2025, with ongoing migration towards more energy-efficient solutions to enable mobile usability. Further, as the region continues to deploy 5G networks, more energy-efficient circuits will be required to facilitate high data transmission rates within mobile and communication systems. The Asia Pacific region's low-power VLSI circuits market is expanding at a fast rate with the increasing electronics manufacturing activities of the region, increasing consumer electronics demand, and fast adoption of IoT and edge computing technologies. The Asia Pacific consumer electronics market is expected to grow at a CAGR of 8%, which will create substantial demand for low-power VLSI circuits in smartphones, wearables, and smart home products.

The requirement for power-efficient solutions due to smart city development and industrial automation is another dominant driver in the growing market demand for low-power circuits. These circuits have wide usage in IoT devices and industrial processes. The automotive market, particularly in countries such as Japan and South Korea, will also be a considerable demand driver for low-power VLSI circuits because low-power consumption is increasing in electric vehicles (EVs), battery management systems, and autonomous driving technology.

There is vigorous growth in the European low-power VLSI circuits market driven by the increasing demand for low-power solutions in various sectors in the region, primarily consumer electronics, automotive, IoT, and wearables and as Europe is already invested in sustainability initiatives, and this has caused the adoption rate of low-power VLSI circuits to rise in sectors where battery life, energy usage, and performance are the utmost concerns. The expansion in the market is predominantly due to the auto sector since low-power VLSI circuit-based power management systems are required in electric vehicles (EVs) and autonomous driving. The IoT and smart home markets are also expected to expand in Europe, pushing demand for low-power chips to cater to connected devices.

The report provides a detailed overview of the low-power VLSI circuits market insights in regions including North America, Latin America, Europe, Asia-Pacific and the Middle East and Africa. The country-specific assessment for the low-power VLSI circuits market has been offered for all regional market share, along with forecasts, market scope estimates, price point assessment, and impact analysis of prominent countries and regions.

Throughout this market research report, Y-o-Y growth and CAGR estimates are also incorporated for every country and region to provide a detailed view of the low-power VLSI circuits market. These YoY projections on regional and country-level markets brighten the political, economic, and business environment outlook, which are anticipated to have a substantial impact on the growth of the low-power VLSI circuits market. Some key countries and regions included in the low-power VLSI circuits market report as follows:

• Low-power VLSI circuits market detailed segments and segment-wise market breakdown
• Low-power VLSI circuits market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in the low-power VLSI circuits industry)
• Current, historical, and forthcoming 10-year market valuation in terms of low-power VLSI circuits market size (US$ Mn), volume (Units), share (%), Y-o-Y growth rate, CAGR (%) analysis
• Low-power VLSI circuits market demand analysis
• Low-power VLSI circuits market pricing analysis over the forecast period (by key segment and by region)
• Low-power VLSI circuits market regional insights with region-wise market breakdown
• Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
• Latest developments and innovations in the low-power VLSI circuits market
• Regulatory landscape by key regions and key countries
• Supply chain and value chain analysis in the low-power VLSI circuits market
• Low-power VLSI circuits market sales and distribution strategies
• A comprehensive overview of the parent market
• A detailed viewpoint on the low-power VLSI circuits market forecast by countries
• Mergers and acquisitions in the low-power VLSI circuits market
• Essential information to enhance market position
• Robust research methodology