Press release
Application Specific Integrated Circuit (ASIC) Market : Global Forecast over 2024
Read Report Overview @
https://www.transparencymarketresearch.com/application-specific-integrated-circuit-market.html
According to the research report, the global application specific integrated circuit market is expected to be worth US$35.23 bn by the end of 2024 from US$16.29 bn in 2015. The progress of the market is estimated to be at a CAGR of 9.2% between 2016 and 2024.
Rising Sales Consumer Electronics in Asia Pacific Give Regional Market a Boost
On the basis of product, the global market is segmented into full custom design ASIC and semi-custom design ASIC. The semi-custom design ASIC is further divided into standard cell-based ASIC and gate array based ASIC. Of these, the semi-custom design ASIC product segment is expected to dominate the global market in the coming years as they help in major cost savings. This segment is slated to account for a share of about 80.8% by the end of 2024.
Geographically, the global application specific integrated circuit market is segmented into North America, Latin America, the Middle East and Africa, Asia Pacific, and Europe. Amongst all the geographical segments, Asia Pacific is expected to dominate the global market as it is poised to acquire a share of 72.6% in the overall market by the end of 2024. The exponential rise in sales of consumer electronics is anticipated to be the key factor driving this regional market.
The demand for ASIC has been on the rise due to its widening applications in devices that are not confined to power or price of smartphones. Thus, ASIC is used in flat panel displays, which include e-mail, web browsing, voice memo, two-way paging, answering machine, global positioning systems (GPS), and wireless PDA. The demand for technologically advanced ASICs is expected to be in full swing as they fulfill the requirements of smaller size and weight, long battery life, high-bandwidth, and low-cost of next-generation smartphones. The market is also benefiting from the superior system reliability, which is allowing vendors to explore markets in areas such as mixed-signal designs and large system on chip (SoC).
The increasing scope of application for ASICs in fields such as electronics and semiconductor industry have also contributed to the soaring revenue of the global market. Additionally, enhancements in the ASIC design that have introduced miniaturization of components, energy efficiency, and reliability have also augmented the demand for these products. Today, usage of ASIC products can be seen across industries such as industrial electronics, automotive, electronics, medical electronics, telecommunication, aerospace electronics, and power electronics. All of the aforementioned factors are expected to benefit the global market in several positive ways during the forecast period of 2016 and 2024.
Request to view Sample Report:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=17768
Need for Constant Evolution Makes it Difficult for Players to Keep Up
The constant introduction of better products with improved features has endlessly challenged the global ASIC market to deliver better technology, which at times, becomes obsolete within months. Thus, developers have to bear the brunt of reduced profitability and fluctuating revenues. The ongoing evolution of the semiconductor and electronics industry is restraining the growth of the global market by expecting a continuous update that is not always feasible. These reasons are expected to restrain the growth of the global market in the coming years.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Application Specific Integrated Circuit (ASIC) Market : Global Forecast over 2024 here
News-ID: 843770 • Views: …
More Releases from Transparency Market Research Reports
High Purity Quartz Market - Global Industry Report, 2030
High Purity Quartz Market: Introduction
Albany, NY - The global high purity quartz market was valued at ~US$ 800 Mn in 2019 and is anticipated to expand at a CAGR of ~6% during the forecast period. The global high purity quartz market is driven by increase in demand for high purity quartz in the global semiconductor industry. Asia Pacific accounts for a major share of the global high purity quartz market,…
Smart Remote Control Market: Analysts Expect Robust Growth in 2028
The rise in the use of technology across the globe has hit the shore of remote controls too. On the back of technological advancements, the smart remote control market may gain considerable momentum across the forecast period of 2019 -2028. The shift in consumer preference from cost-effectiveness to convenience is serving as a prominent growth factor for the smart remote control market. Based on technology type, the smart remote control…
HYDROGEN SULFIDE SCAVENGERS MARKET TO REACH A VALUE OF ~US$ 655 MN BY 2027: TRAN …
Hydrogen Sulfide Scavengers Market: Key Highlights
The global hydrogen sulfide scavengers market was valued at ~US$ 440 Mn in 2018, and is anticipated to expand at a CAGR of ~5% from 2019 to 2027. Increase in crude oil production enhances oilfield operations such as drilling, cementing, production, workover and completion, and well stimulation. This drives the demand for production chemicals such as hydrogen sulfide scavengers.
The demand for crude oil is increasing…
METAL-ORGANIC FRAMEWORK MARKET TO REACH A VALUATION OF ~US$ 24 MN BY 2027: TRANS …
Metal-organic Framework Market: Introduction
In terms of value, the global metal-organic framework market is anticipated to expand at a CAGR of ~11% from 2019 to 2027
Metal-organic framework is a class of porous materials constructed from metal-rich inorganic nodes bonded with organic linkers. The structure provides high density of three-dimensional porous cores with a large surface area, uniform cross-linkages, and tunable porosity. Metal-organic framework possesses excellent absorption rate for hydrogen, water, carbon…
More Releases for ASIC
ASIC And FPGA Market Size Analysis by Application, Type, and Region: Forecast to …
USA, New Jersey- According to Market Research Intellect, the global ASIC And FPGA market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
The ASIC (Application-Specific Integrated Circuit) and FPGA (Field-Programmable Gate Array) market is projected to witness significant growth driven by the increasing need for customized…
ASIC Chip Market Growth in Future Scope 2025-2032
Global ASIC Chip Market size was valued at USD 22.40 billion in 2023 and is poised to grow from USD 24.64 billion in 2024 to USD 52.82 billion by 2032, growing at a CAGR of 10% in the forecast period (2025-2032).
The Research report on ASIC Chip Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate,…
Revolutionizing Cryptocurrency Mining: ASIC Miner Compare Unveils Cutting-Edge A …
As cryptocurrency continues to gain prominence in the global financial landscape, the demand for efficient and powerful mining solutions has never been higher. Enter Asic Miner Compare, a pioneering company dedicated to providing state-of-the-art ASIC miners tailored for cryptocurrency mining enthusiasts and professionals alike.
ASIC (Application-Specific Integrated Circuit) miners represent the pinnacle of mining technology, offering unparalleled efficiency and performance compared to traditional CPU or GPU mining methods. Asic Miner Compare…
Global Programmable ASIC Market Research Report 2023-2029
Programmable application-specific integrated circuits allow the data plane of switches to support new technologies, like software-defined networking. Factors such as growing demand for microelectronics in several applications are creating profitable opportunities for the programmable ASIC market in the forecast period.
Global Programmable ASIC Market: Driven factors and Restrictions factors
The research report encompasses a comprehensive analysis of the factors that affect the growth of the market. It includes an evaluation of trends,…
ASIC Chips Market 2022 | Detailed Report
The ASIC Chips report compiles the market information depending upon market development and growth factors, optimizing the growth path. In addition, it highlights the strategies and market share of the leading vendors in the particular market. The report follows a robust research methodology model that helps to make informed decisions. It obtains both qualitative and quantitative market information supported by primary research.
The ASIC Chips research report recognizes and gets fundamental…
Global Application Specific Integrated Circuit (ASIC) Market Insights, Forecast
This report presents the worldwide Application Specific Integrated Circuit (ASIC) market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis. An ASIC is an integrated circuit made for…
