Global Application Specific Standard Product (ASSP) Market Anticipated to Surge Due to Rising Demand from Automotive

According to the latest study findings, the demand for ASSP is increasing day by day due to its availability in a wide range of applications and thus expected to witness steady growth during the forecast period. Also, use of ASSP in consumer electronics makes them highly cost-effective and efficient. Such beneficial features along with increasing usage are expected to dominate the market during the forecast period. For more in-depth analysis on the market factors and trends, a recent study titled “Global Application Specific Standard Product (ASSP) Market Research Report 2017” has been broadcasted to the broad online portfolio of Market Research Hub (MRH). The report offers a comprehensive evaluation of the market on a global level. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size.

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Application specific standard product is an integrated circuit developed and produced for a specific application or function but made available for multiple customers. These products consist of embedded programmable logic, mixed-signal, analog products as well as digital products. In the first part, the report covers details of product overview and scope of ASSP. For providing detailed overview of the ASSP market, it has been segmented based on applications and geographies. On the basis of applications, the market can be segmented into Embedded Programmable Logic, Mixed-Signal, Digital Products and Analog Products. In terms of geography, the market covers some prime regions including United States, South Korea, China, EU, Japan and Taiwan. Through this regional outlook, the report carries out the details of production, consumption, revenue (million USD), market share and growth rate forecasted until 2022.

Moving further, the major applications profiled in the study are Automotive, Consumer Electronics, Industrial Applications, Computers, Communications and Others. Of these, the automotive industry has been enjoying a period of relatively stronger profitability and growth worldwide. This is the most imperative factor rapidly driving the global application specific standard product market. This report not only states how the industry is faring but also forecasts what will be the trends in the markets and what will be the challenges that it will have to confront.

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Moving further, the competitive landscape section of the report elaborates on the key players dominant in the market and throws light on their key strategies and R&D status. At present, leading players in the market are ON Semiconductors, Infineon Technologies, Melexis, Skyworks Solutions, Renesas Electronics Corporation, Texas Instruments Incorporated, NXP Semiconductors, Maxim Integrated, Linear Technology and STMicroelectronics.

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