Programmable Application Specific Integrated Circuit Market to Hit New Highs in Near Future by 2020 to 2025

Global Programmable Application Specific Integrated Circuit Market 2020: This Report provides highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date Marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on Markets and materials, capacities and on the changing structure of the Programmable Application Specific Integrated Circuit. The report also presents forecasts for Global Programmable Application Specific Integrated Circuit Market investments from 2020 till 2025.

Market Overview

The programmable application specific integrated circuit (ASIC) market is expected to witness a CAGR of 8.5% over the forecast period (2020 - 2025). The rapidly rising demand for smartphones, tablets, and other mobile devices across the globe is positively impacting the programmable ASIC demand in the consumer electronics segment.

- With the increased pace of new product development, declining cost per function of ICs, and their increasing functionality, and shortened product replacement cycles are some of the factors that are positively influencing the growth of the market.
- The growing demand for various telecommunications application such as system-on-chip (SoC) application is expected to boost the revenue of the market in the coming years. Additionally, the growing use of application specific integrated circuits in consumer electronics and in various industrial and automotive application is further expected to drive the market forward.

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Scope of the Report

An application-specific integrated circuit (ASIC) is specially built for a specific application or purpose. Compared to a logic device or a standard logic integrated circuit, an ASIC provides better speed because it is specifically designed for a specific application. It is also made smaller and it uses less electricity.

Competitive Landscape

The programmable application specific integrated circuit (ASIC) market is highly competitive owing to the presence of many large vendors operating in domestic as well as in the international markets. The market appears to be moderately concentrated moving towards the fragmented stage with the major players adopting strategies like product innovation, joint ventures, partnerships and mergers and acquisitions. Some of the major players in the market are Analog Devices, Inc., Infineon Technologies AG, STMicroelectronics, Texas Instruments Inc. among others.
- March 2018 - Infineon Technologies and SAIC Motor establish power module joint venture SIAPM in China to manufacture power modules for the developing electric vehicle market in China.

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Increasing Demand from Consumer Electronics Segment to Drive the Market

- The consumer electronics market constantly demands higher power dissipation, faster speeds, and higher pin counts, along with smaller footprints and lower profiles.
- The miniaturization and integration of semiconductors have given rise to smaller, lighter, and better portable devices, like tablets, smartphones, and the emerging IoT devices.
- Each iteration of the consumer electronics product is becoming smarter, lighter, and more energy-efficient than its predecessors. With this level of technology, consumers are now tending towards more reliable gadgets that could stand minor mishaps, which take place in day-to-day activities.
- With the increasing smartphone sales in various regions across the globe, it is evident that the demand for integrated circuits will also see an increased demand, which is expected to drive the market forward during the forecast period.

Asia-Pacific to Witness High Growth

- The Asia Pacific region is expected to witness the fastest growth in the market owing to the rapidly increasing penetration of smartphones among the population and the increasing demand for energy-efficient devices. Emerging economies such as China, India, and Japan are also driving the market growth due to the increasing penetration of high-tech gadgets, development of automotive electronics, increased requirement of miniaturization, growing digitization, economic development, rapid industrialization, and other factors.
- Moreover, with the presence of major semiconductor companies in this region, such as Infineon technologies and other such companies, along with the presence of major consumer electronics players, such as Samsung Electronics, LG Electronics, is influencing the market growth during the forecast period. The growing demand for consumer electronics will continue to positively impact the demand for programmable ASIC in the Asia-Pacific region.

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