Application Specific IC (ASIC) Market | Discover Top Trends and Drivers
Trends, Drivers and Vendor Forecasts for 2021-2025
Accelerating at a CAGR of over 8%, the application specific ic (asic) market is expected to grow by post an incremental growth of $ 9.15 bn over the next five years. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to provide growth projections and insights. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects.
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Application Specific IC (ASIC) Market: Market Segments and Key Trends
The research report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth. The market is segmented by Product (Smartphones, TVs, PCs, Automotive, and Others), Type (Full-custom design, Standard cell based, and Gate-array based), and Geography (APAC, North America, Europe, South America, and MEA). 70% of the market growth will originate from APAC during the forecast period. However, cyclical nature of the semiconductor industry is one of the challenges that will need to be overcome to drive growth.
Application Specific IC (ASIC) Market: What are the Growth Drivers?
The Growing demand for customizable ICs is one of the primary factors driving the growth of the application specific ic (asic) market. The report provides a detailed study of all the factors that are likely to boost the market. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals.
Vendor Analysis: Analog Devices Inc., Broadcom Inc. and Infineon Technologies AG are key growth contributors
The market is fragmented. The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Analog Devices Inc., Broadcom Inc., Infineon Technologies AG, Intel Corp., Maxim Integrated Products Inc., MediaTek Inc., NXP Semiconductors NV, ON Semiconductor Corp., Renesas Electronics Corp., and STMicroelectronics NV are some of the major market participants.
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Application Specific IC (ASIC) Market: Key Highlights of the Report for 2021-2025
The report provides insights into the following FAQs:
Application Specific IC (ASIC) Market Size to Grow by $ 9.15 bn through 2021-2025 | Forecast and Trend Analysis
Technavio has been monitoring the application specific ic (asic) market and it is expected to grow by $ 9.15 bn, accelerating at a CAGR of almost 8% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
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Application Specific IC (ASIC) Market: Emerging Trends to Impact Market Growth
Increasing demand for telecommunication applications to emerge as a key trend in the industrial application specific ic (asic) market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.
Application Specific IC (ASIC) Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Analog Devices Inc., Broadcom Inc., Infineon Technologies AG, Intel Corp., Maxim Integrated Products Inc., MediaTek Inc., NXP Semiconductors NV, ON Semiconductor Corp., Renesas Electronics Corp., and STMicroelectronics NV are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
For more insights into this market: Download a Free Sample Report
The report provides insights into the following FAQs:
Application Specific IC (ASIC) Market Size to Grow by $ 9.15 bn through 2021-2025
The application specific ic (asic) market is expected to grow by $ 9.15 bn, accelerating at a CAGR of almost 8% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.
Application Specific IC (ASIC) Market: Receive Free Sample Report
Application Specific IC (ASIC) Market: Segmentation by Product
This report provides a detailed analysis of the market by Product (Smartphones, TVs, PCs, Automotive, and Others), Type (Full-custom design, Standard cell based, and Gate-array based), and Geography (APAC, North America, Europe, South America, and MEA). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges which are likely to influence market growth during the forecast period. These insights are expected to equip clients with reliable information based upon which they can design a growth strategy for their business and area of operations.
Application Specific IC (ASIC) Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Analog Devices Inc., Broadcom Inc., Infineon Technologies AG, Intel Corp., Maxim Integrated Products Inc., MediaTek Inc., NXP Semiconductors NV, ON Semiconductor Corp., Renesas Electronics Corp., and STMicroelectronics NV are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
