Global ASIC Market Thriving on Flourishing Consumer Electronics Industry

Published Date : Jul 23, 2018

ALBANY, New York, July 23, 2018 – For a number of industries including automotive, consumer electronics, and telecommunications, the advent of application specific integrated circuits (ASICs) has been a major boost in terms of achieving greater speeds. These ASICs are designed specifically to perform one certain job and they can be utterly small, which in turn means lesser usage of electricity. In the present times, application specific integrated circuits are found in nearly all electronic devices.

According to a fresh business intelligence report acquired by the prestigious repository of, the demand in the global ASIC market will increment at a formidable CAGR of 9.5% during the forecast period of 2017 to 2024. Revenue-wise, the analyst of the report estimated the opportunities in this market to reflect a revenue of US$35.2 billion by the end of 2024.

This intelligence report, titled “Application Specific Integrated Circuit - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2024,” is a thorough assessment of all aspects that will determine the demand over the course of a foreseeable future. Some of the market dynamics includes trends, restraints, drivers, challenges, and opportunities. Following an exhaustive executive summary and market introduction, this chapter on dynamics throws light on reasons of future prospects. The report moves beyond analytical aspects to the revenue potential of the market for ASIC, highlighting figurative evaluations and estimations of various segments and the global market as a whole. The valuations have been put down in US dollar million.

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As this is a global study, all key regions and most of the important countries have been highlighted for their demand potential for application specific integrated circuit. For each region and country, the analyst of the report has indulged into highlighting trends, governmental regulations, and concentration of major players. At the end, there is a featured section on the competitive landscape of the global ASIC market. Herein, some of the most prominent participants have been profiled and their dominance in terms of shares have been evaluated. Overall, the report aspires to serve as a reliable business tool for targeted audiences such as original equipment manufacturers (OEMs), hardware manufacturers, technology solution providers, and venture capitalists.

The global ASIC market makes for a high competitive vendor landscape, which is a reflection of the presence of several small and large players. That being said, a few major players such as NXP Semiconductors N.V., Qualcomm Inc., STMicroelectronics N.V., Texas Instruments Inc., Infineon Technologies AG, Analog Devices, Renesas Electronics, Maxim Integrated Products Inc., ON semiconductor, Linear Technology Corporation, and Intel Corporation do hold a position of  strength on the back of their ability to innovate. Apart from introducing pioneering products, these players also indulge into strategic alliances and acquisitions to maintain their stronghold.

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