Market Research Future (MRFR), in its latest “Support Application Specific Integrated Circuit Market (ASIC)” report, states variables that can alter the market progress. As per MRFR study, the application specific integrated circuit global market is likely to expand at about 9% CAGR through the forecast period 2017-2023.
The study not only scans through the company profile of the major vendors but also analyses their winning strategies to give business owners, stakeholders and field marketing personnel a competitive edge over others operating in the same space. A detailed evaluation of the major events such as acquisition and mergers, collaborations, product launches, new entrants, and technology advancements offer a complete overview of what the future of the Application specific integrated circuit market will be like in the years to come
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The application specific integrated circuit global market study is based on product type and application.
The product-based segments of the application specific integrated circuit market are semi-custom design ASIC, full custom design ASIC, and programmable ASIC. The semi-custom design ASIC segment comprises gate array based ASIC. standard cell based ASIC. The growing utility of microprocessors can shore up the expansion of the market.
The application-based segments of the application specific integrated circuit market are industrial, IT telecommunication, consumer electronics, automotive, and others. The rise in number of ITs, increase in demand for robust memory solutions in modern telecom gadgets, and high rate of incorporation for ASIC in consumer electronics can impel the market growth.
On the basis of product type the application specific integrated circuit market segment is Standard cell based ASIC. The segment is expected to generate decent revenue in the coming years.
Which Top Market Participants are Consider for the highest Application Specific Integrated Circuit market share?
Texas Instruments Inc. (U.S.), Intel Corporation (U.S.), STMicroelectronics N.V (Switzerland), Renesas Electronics Corporation (Japan), Infineon Technologies AG (Germany), Maxim Integrated Products Inc. (U.S.), ON Semiconductor (U.S.), Analog Devices, Inc.(U.S.), NXP Semiconductors N.V (The Netherlands), Linear Technology Corporation (U.S.), and Qualcomm, Inc. (U.S.).
The market also benefits from the increasing research and development activities, resulting in the introduction of environment-friendly products that not only dissipate lower amount of heat but have enhanced mechanical properties. Another key trend gaining prevalence in the global market is the increasing focus on the electrification of vehicles, which is also giving rise to the production of light-weight vehicles and automotive brake friction products. The Application Specific Integrated Circuit Market demand for in the developing regions can translate to tremendous business growth in the following period.
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Application Specific Integrated Circuit Market By Geography
The Middle East and Africa
Asia Pacific application specific integration circuit market is accounted for the highest portion of the global market. The integration of application specific integrated circuit in display system, smartphones, and other largely used electronics goods can fortify the pole position of the regional market in during the assessment period. Technological advancements and their exercise in the semiconductor industry in can bolster the application specific integrated market in APAC. APAC regions that have high sales of consumer goods are expected to exhibit the highest growth rate of the market. As per MRFR study, the application specific integrated circuit market in North America region can is expected to attain a sizable valuation on the conclusion of the study period. MRFR reveals that the US can lead in North America application specific integrated circuit market. Europe application specific integrated circuit market can thrive at a considerable growth rate.