Global Application-Specific Integrated Circuit (ASIC) Market is set to witness a healthy CAGR of 9.70% in the forecast by 2026

Definition:

Application specific integrated circuits or microchips are designed within an electronics device and are optimal replacement for traditional FPGA (Field-Programmable Gate Array) due to their high performance and low power consumption. ASIC unique features are its compact size; they are lightweight, affordability compared to others. They have high-bandwidth and due to its better battery life it can be used in many applications. They are widely used in industries like telecommunication, automotive, industrial etc.

Analysis of Global application-specific integrated circuit (ASIC) market report:

Global application-specific integrated circuit (ASIC) is set to witness a healthy CAGR of 9.70% in the forecast period of 2019 to 2026. The growing need for better management of the workforce and increasing application of integrated circuits in IT & Telecommunication is the major factor for the growth of this market.

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Market Drivers:

·       Rising demand for smartphones and tablets will drive market

·       Advancement in technology and development of ASIC

·       Affordability of ASIC is also leading to market expansion

·       The energy efficient solutions and low cost of implementation are factors driving the market.

Market Restraints:

·       Inconsistency of technologies in industries such as semiconductor & electronics will hamper the market growth

·        Rapid evolution of the electronics industry will restrain the growth of this market.

Leading Key players profiled in this report are:

Few of the major competitors currently working in the global application-specific integrated circuit (ASIC) are Intel Corporation, Texas Instruments Incorporated, STMicroelectronics, Infineon Technologies AG, Renesas Electronics Corporation, Maxim Integrated, Analog Devices, Inc, Semiconductor Components Industries, LLC., NXP Semiconductors, Qualcomm Technologies, Inc.

Global application-specific integrated circuit (ASIC) market Segmentation:

By Type

·        Full Custom ASIC

·        Semi-Custom ASIC

·        Cell Based

·        Array Based

·        Programmable ASIC

By End Use

·        Telecommunication

·        Industrial

·        Automotive

·        Consumer Electronics

·        Others

By Geography

·        North America

·        South America

·        Europe

·        Asia-Pacific

Company Share Analysis:

Global application-specific integrated circuit (ASIC) market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of application-specific integrated circuit (ASIC) market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

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The Global application-specific integrated circuit (ASIC) market report provides the global market size of the main players in each region. Moreover, the report provides knowledge of the leading markets players within the Global application-specific integrated circuit (ASIC) market. The industry changing factors for the market segments are explored in this report.  This analysis report covers the growth factors of the worldwide market based on end-users. Market opportunities and recommendations for new investments are also encompassed in this report.

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