Application Specific Integrated Circuits Market – Snapshot
The global application specific integrated circuits
market was valued at
US$ 15,120.9 Mn in 2016 and is projected to register compound annual growth
rate (CAGR) of over 8.4% from 2018 to 2026, according to a new report published
by Transparency Market Research (TMR) titled “Application Specific
Integrated Circuits Market – Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast, 2018–2026.” This is mainly due to increase in demand
for application specific integrated circuits in smartphones and tablets across
the globe, leading to the robust growth of the application specific integrated
circuits market. Moreover, rising demand for application specific integrated
circuits in industrial electronics, medical electronics, military electronics,
aerospace electronics, and power electronics are also expected to have a
significant impact on the global application specific integrated circuits
market. Initiatives taken by different companies to increase system reliability
are predicted to impact the application specific integrated circuits market in
the coming years.
Key players operating
in the global application specific integrated circuits market are:
Infineon Technologies AG, STMicroelectronics N.V., Texas Instruments Inc,
Renesas Electronics, ON Semiconductor, Maxim Integrated Products Inc., Analog
Devices, Inc., NXP Semiconductors N.V., Qualcomm, Inc., and Intel Corporation
among others.
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The global application specific integrated circuits market
is segmented based on end-use, type, and geography. By end-use, the global
application specific integrated circuits market is divided into
telecommunication, industrial, automotive, consumer electronics, and others.
Others include domains such as medical, military and aerospace, auto emission
control, sensors, and environmental monitoring. In terms of type, the market is
divided into full-custom ASIC, semi-custom ASIC, and programmable ASIC.
Semi-custom ASIC is sub divided into cell based ASIC and array based ASIC.
Geographically, the application specific integrated circuits market can be
segmented into North America, Asia Pacific, Europe, Middle East & Africa,
and South America.
Telecommunication industry anticipated to be a
significantly lucrative market during the forecast period
Growing demand for telecommunication applications including
system-on-chip (SoC) applications is projected to propel the revenue of the
ASIC market in the coming years. Additionally, the growing use of application
specific integrated circuits in consumer electronics industry for web browsing,
e-mail, voice memo, answering machine, two-way paging, wireless PDA, and global
positioning system are offering the consumer industry a prominent share in the
global application specific integrated circuit market.
The global
application specific integrated circuits market can be segmented as follows
Global Application Specific Integrated Circuits Market,
by End-use
- Telecommunication
- Industrial
- Automotive
- Consumer
Electronics
- Others
Global Application Specific Integrated Circuits Market,
by Type
- Full
Custom ASIC
- Semi-Custom
ASIC
- Cell
Based
- Array
Based
- Programmable
ASIC
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