Dublin, Dec. 21, 2020 (GLOBE NEWSWIRE) -- The "Application Specific Integrated Circuits (ASIC) Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2020 To 2028" report has been added to ResearchAndMarkets.com's offering.
Thus, ASICs are being seen as a potential milestone in the overall electronics industry. ASICs offer several advantages over general integrated circuits. Since ASIC eliminates the need for most of the additional components, the overall size of the system is reduced significantly. In addition, due to their small size, ASIC require low power with high speed as compared to the general ICs. Moreover, there are no timing issues as the system comprises single-chip designs. As a result, ASICs have witnessed profound penetration across different applications, over the period of time.
Another major factor propelling the market growth is the consistently rising consumer electronics and telecommunication industry worldwide. Over the past few years, mobile devices such as smartphones, tablets and laptops have witnessed immense penetration worldwide.
In addition, the advent of 'smart' technology has led to profound advancement across the home appliances and other consumer electronics. Similarly, the ASIC market is strongly driven by the rising automotive industry, especially in the Asia Pacific region. Growing use of electronics in the industry would further spur the demand for ASICs during the forecast period. Due to continued growth anticipated across the consumer electronics and automotive industry, the ASIC market would continue to demonstrate healthy growth throughout the forecast period. However, the market growth is remarkably hampered due to high cost of design and manufacturing required for these ICs.
The global ASIC market was dominated collectively by the consumer electronics and automotive segments, as of 2019. The consumer electronics segment primarily comprises mobile devices (smartphones, tablets) and smart consumer appliances. With the rising adoption of smart appliances worldwide, the segment is estimated to continue strong growth throughout the forecast period. Advancement in the connected home appliances is another major factor fueling the penetration ASICs in the consumer electronics segment.
Further, the demand for ASICs in the automotive sector is primarily supported by the increasing use of electronics across different automotive modules. The most significant factor fueling the segment growth is the steadily rising automotive industry across the globe. With the rising discretionary income of people worldwide, especially in the Asia Pacific region, the industry is estimated to continue witnessing steady growth in the coming years. This would significantly fuel the overall ASIC market in the coming years.
As of 2019, the ASIC market worldwide is dominated by the Asia Pacific region. The segment contributed to more than forty percent of the total revenue generated in 2019. The most significant factor contributing to the large revenue share is huge automotive and consumer electronics industry in the region. The market here is majorly governed by China, Japan, South Korea and some of the Southeast Asia countries. India too is increasingly becoming lucrative for ASICs due to rising penetration of automotive and electronics manufacturing industry here.
Europe and North America follow Asia Pacific, in terms of revenue, in the global ASIC market. Europe comprises large number of ASIC, thereby supporting the market growth. In addition, presence of a strong automotive and consumer electronics industry here is another prominent factor responsible for strong market growth. Nevertheless, Asia Pacific is estimated to retain its dominant position in the market throughout the forecast period.
Some of the major players profiled in the report are NXP Semiconductors NV, Texas Instruments, Inc., STMicroelectronics, Infineon Technologies AG, Renesas Electronics Corporation and others.
Key Topics Covered:
Chapter 1 Preface
1.1 Report Description
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
Chapter 2 Executive Summary
2.1 Market Snapshot: Global Application Specific Integrated Circuits (ASIC) Market
2.2 Global ASIC Market, By Product Type
2.3 Global ASIC Market, By Application
2.4 Global ASIC Market, By Geography
Chapter 3 Market Dynamics
3.1 Product Insights and Market Overview
3.1.1 Global ASIC Market Revenue and Growth, 2018 - 2028, (US$ Mn) (Y-o-Y %)
3.2 Key Market Trends and Future Outlook
3.3 Market Drivers
3.4 Market Growth Inhibitors
3.4.1 Impact Analysis of Drivers and Restraints
3.5 Attractive Investment Proposition
3.6 Competitive Analysis
3.6.1 Market Positioning of Key Vendors
3.6.2 Key Strategies adopted by the Leading Players
Chapter 4 Global ASIC Market Analysis, by Product Type
4.1 Market Analysis
4.2 Full Custom Design ASIC
4.3 Semi-custom Design ASIC
4.4 Programmable ASIC
Chapter 5 Global ASIC Market Analysis, by Application
5.1 Market Analysis
5.2 Consumer Electronics
Chapter 6 North America ASIC Market Analysis
Chapter 7 Europe ASIC Market Analysis
Chapter 8 Asia Pacific ASIC Market Analysis
Chapter 9 Rest of the World (RoW) ASIC Market Analysis
Chapter 10 Company Profiles
10.1 NXP Semiconductors NV
10.2 Texas Instruments, Inc.
10.3 STMicroelectronics NV
10.4 Infineon Technologies AG
10.5 Renesas Electronics Corporation
10.6 Analog Devices, Inc.
10.7 Broadcom Corporation
10.8 ON Semiconductor Corporation
10.9 Intel Corporation
10.10 Qualcomm Corporation
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