The market also benefits from the increasing research and development activities, resulting in the introduction of environment-friendly products that not only dissipate lower amount of heat but have enhanced mechanical properties. Another key trend gaining prevalence in the global market is the increasing focus on the electrification of vehicles, which is also giving rise to the production of light-weight vehicles and automotive brake friction products. The Application Specific Integrated Circuit Market demand for in the developing regions can translate to tremendous business growth in the following period.
Market Research Future (MRFR), in its latest “Support Application Specific Integrated Circuit Market (ASIC)” report, states variables that can alter the market progress. As per MRFR study, the application specific integrated circuit global market is likely to expand at about 9% CAGR through the forecast period 2017-2023.
Segmental Analysis
The application specific integrated circuit global market study is based on product type and application.
The product-based segments of the application specific integrated circuit market are semi-custom design ASIC, full custom design ASIC, and programmable ASIC. The semi-custom design ASIC segment comprises gate array based ASIC. standard cell based ASIC. The growing utility of microprocessors can shore up the expansion of the market.
The application-based segments of the application specific integrated circuit market are industrial, IT & telecommunication, consumer electronics, automotive, and others. The rise in number of ITs, increase in demand for robust memory solutions in modern telecom gadgets, and high rate of incorporation for ASIC in consumer electronics can impel the market growth.
On the basis of product type the application specific integrated circuit market segment is Standard cell based ASIC. The segment is expected to generate decent revenue in the coming years.
Which Top Market Participants are Consider for the highest Application Specific Integrated Circuit market share?
Texas Instruments Inc. (U.S.), Intel Corporation (U.S.), STMicroelectronics N.V (Switzerland), Renesas Electronics Corporation (Japan), Infineon Technologies AG (Germany), Maxim Integrated Products Inc. (U.S.), ON Semiconductor (U.S.), Analog Devices, Inc.(U.S.), NXP Semiconductors N.V (The Netherlands), Linear Technology Corporation (U.S.), and Qualcomm, Inc. (U.S.).
Read more@ https://www.marketresearchfuture.com/reports/application-specific-integrated-circuit-market-5611