Jan 31, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Application Specific Integrated Circuit Market.
It was estimated prior to this unanticipated outbreak that the Application Specific Integrated Circuit Market is likely to witness a CAGR of 5.5% during the forecast period. The prime factor driving the application specific integrated circuit market is the growing demand from the consumer electronics segment.
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Application specific integrated circuit is an integrated circuit (IC) chip customized for a particular range of uses, rather than intended for general purpose use. Based on the product type, application specific integrated circuit can be categorized into full custom ASIC, semi-custom ASIC, and Programmable ASIC. On the basis of application type, it can be categorized into telecommunication, industrial, automotive, consumer goods, and others.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the product type, the market is segmented as full custom ASIC, semi-custom ASIC, and programmable ASIC. The semi-custom ASIC segment dominated the market in 2019, and is expected to maintain its position during the forecast period. Wide range of applications and low complexities are the major factors that have led to the dominance of the semi-custom ASIC segment.
Based on the application type, the ASIC market is segmented as telecommunications, industrial, automotive, consumer electronics, and others. The consumer electronics segment held the largest share of the market and is also expected to witness a healthy growth during the forecast period. Increasing usage of ASIC in smart phones, tablets, and laptops along with rapidly growing demand for these products from consumers across the globe is the major factor behind the growth of the consumer electronics segment.
In terms of regions, Asia-Pacific is estimated to be the largest market for application specific integrated circuit during the forecast period. China, Japan, Taiwan, South Korea and India are the major economies contributing towards the growth and high demand for application specific integrated circuit in the region. Huge consumer base, growing disposable income of consumers, and rapidly growing urbanization are the major factors driving the growth of the Asia-Pacific market. North America and Europe are also expected to witness a healthy demand for application specific integrated circuit during the forecast period.
Key players operating in the global Application Specific Integrated Circuit market are-
- Infineon Technologies AG
- Semiconductor Components Industries, LLC
- OmniVision Technologies
- Tekmos Inc.
- Seiko Epson Corporation
- Socionext America Inc.
- Intel Corporation.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Application Specific Integrated Circuit analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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