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.
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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 Covid 19 Application Specific Integrated Circuit Market segment is Standard cell based ASIC. The segment is expected to generate decent revenue in the coming years.
MRFR identified reputed companies functioning in the application specific integrated circuit global market. They are; Texas Instruments Inc. (U.S.), Intel Corporation (U.S.), Infineon Technologies AG (Germany), STMicroelectronics N.V (Switzerland), Maxim Integrated Products Inc. (U.S.), Renesas Electronics Corporation (Japan), ON Semiconductor (U.S.), Analog Devices, Inc.(U.S.), Qualcomm, Inc. (U.S.), Linear Technology Corporation (U.S.), NXP Semiconductors N.V (The Netherlands), and others.
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.
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