Global Application Specific Integrated Circuit Market: Snapshot
The demand for application specific integrated circuits (ASIC) has significant soared due to their widening applications. Today they are being extensively used in smartphones and tablets due to the rising demand for bandwidth. The report states that the global ASIC market was valued at US$16.29 bn in 2015 and is expected to be worth US$35.23 bn by the end of 2024. During the forecast years of 2016 and 2024, the global market is projected to expand at a CAGR of 9.2% between 2016 and 2024.
ASIC Gains Popularity as it Meets Requirements of Next-generation Electronics
ASICs are increasing being used in flat panel displays such as global positioning system (GPS), voice memo, web browsing, e-mail, answering machine, wireless PDA, and two-way paging. The biggest advantage of improved version of ASIC is that they are compact, lighter, affordable, high-bandwidth, and come with a better battery life, which are the key needs of the modern-age devices.
The growing demand for ASIC in consumer electronics and automotive sector due to the energy efficient solutions they offer through design and function is also expected to benefit the global market. The only drawback for the global market is the ever-changing nature of the semiconductor industry and the electronics industry, which makes it exceptionally difficult for the vendors to keep up with the pace of innovation.
The global ASIC market has been categorized by product type, by application, and by geography. On the basis of product type, the market is segmented into full custom design ASIC, semi-custom design ASIC, and programmable ASIC. In terms of revenue, globally semi-custom design ASIC accounted for the majority of the market share in 2015 and is expected to maintain its dominance over the forecast period from 2016 to 2024 due to its increasing application in consumer electronics and automotive sector. . Semi-custom design ASIC is further segregated into standard cell based ASIC and gate array based ASIC. Standard cell based ASIC held the largest market share in terms of revenue in 2015 and is projected to retain its dominance in the coming years.
Asia Pacific Takes the Lead with Rising Automotive Industry
Geographically, the global ASIC market is segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. Regionally, Asia Pacific accounted approximately 80% share of the global ASIC market in 2015 and is likely to retain its position over the forecast period. Asia Pacific is the most attractive market for ASIC due to its growing demand in production of smart devices, rapid development of industrial infrastructure that supports the integration of process automation, increased demand for sensors in automobiles, and heavy investments in communication technologies. Analysts anticipate that Latin America is also expected to emerge as an important region in the overall market. On the other hand, the persistent demand for portable electronics demand in North America and Europe will fuel the regional market in the coming years. The report also indicates that semi-custom design ASIC will be the key product in the North America and Europe ASIC market.
The key players operating in the global application specific integrated circuit market are Intel Corporation, Texas Instruments Inc., STMicroelectronics N.V., Infineon Technologies AG, Renesas Electronics, Maxim Integrated Products Inc., Analog Devices, ON Semiconductor, NXP Semiconductors N.V., Qualcomm, Inc., and Linear Technology Corporation.
Global Application Specific Integrated Circuit Market: Overview
The report covers the analysis and forecast of the Application Specific Integrated Circuit market on a global and regional level. The study provides historic data of 2015 along with the forecast for the period between 2016 and 2024 based on revenue (US$ Bn). A comprehensive analysis of the market dynamics that is inclusive of market drivers, restraints and opportunities is included in the purview of the report. Additionally, the report includes potential opportunities in the Application Specific Integrated Circuit market on the global and regional level. Market dynamics are the factors which impact the market growth, thereby helping to understand the ongoing trends of the global market. Therefore, the report provides the forecast of the global market for the period from 2016 to 2024, along with offering an inclusive study of the Application Specific Integrated Circuit market.
Global Application Specific Integrated Circuit Market: Segmentation Analysis
The study provides a detailed view of the Application Specific Integrated Circuit market by segmenting it based on product type and application. On the basis of product type, the Application Specific Integrated Circuit market has been further segmented into full custom design ASIC, semi custom design ASIC and programmable ASIC. Semi custom design ASIC is further segregated into standard cell based ASIC and gate array based ASIC. On the basis of application, the Application Specific Integrated Circuit market is segmented into telecommunication, industrial, automotive, consumer electronics and others. Others application segment includes auto emission control, medical, military and aerospace, sensors, environmental monitoring and personal digital assistants (PDAs) among others.
Global Application Specific Integrated Circuit Market: Regional Outlook
Regional segmentation includes the current and forecast demand for North America, Europe, Asia-Pacific, Middle East & Africa (MEA) and Latin America. These have been further sub-segmented into countries and regions with relevance to the market. The segmentation also includes demand for individual product and applications in all regions.
The report provides the size of the Application Specific Integrated Circuit market in 2015 and the forecast for the next nine years up to 2024. The size of the global Application Specific Integrated Circuit market is provided in terms of revenue. Market revenue is defined in US$ Bn. The market size and forecast for each product and application segment are provided in the context of global and regional markets. Numbers provided in this report are derived based on demand generated from different applications and types products. Market dynamics prevalent in North America, Europe and Asia-Pacific have been taken into account for estimating the growth of the global market.
Global Application Specific Integrated Circuit Market: Scope of the Report
Market estimates for this study have been based revenue being derived through regional pricing trends. The price for commonly utilized quality of Application Specific Integrated Circuit in each application has been considered. Demand for Application Specific Integrated Circuit has been derived by analyzing the global and regional demand for Application Specific Integrated Circuit in each application for its respective functions. The global Application Specific Integrated Circuit market has been analyzed based on expected demand. Average selling price of Application Specific Integrated Circuit products in the major countries has been taken into consideration to estimate regional and global revenue. Forecasts have been based on the expected demand from Application Specific Integrated Circuit applications. We have used the bottom-up approach to estimate the global revenue of application specific integrated circuit market, split into regions. We have initially determined the price in every region for the Application Specific Integrated Circuit market. Revenue has been determined with the help of volume and price derived from every region.
Based on product type and application, we have summed up the individual revenues from all the regions to achieve the global revenue for Application Specific Integrated Circuit. The application split of the market has been derived using a bottom-up approach for each regional market separately, with the global application segment split being an integration of regional estimates. Companies were considered for the market share analysis based on their product portfolio, revenue, and manufacturing capacity. In the absence of specific data related to the sales of Application Specific Integrated Circuit of several privately held companies, calculated assumptions have been made in view of the company’s product portfolio and regional presence along with the demand for products in its portfolio.
Key Players Mentioned in this Report are:
The competitive profiling of the key players in the global Application Specific Integrated Circuit market across five broad geographic regions is included in the study. These include different business strategies adopted by the leading players and their recent developments as in the field of Application Specific Integrated Circuit.
The report covers a detailed competitive outlook that includes market share and company profiles of key players operating in the global market. Key players profiled in the report are Texas Instruments Inc., Infineon Technologies AG, Analog Devices, Maxim Integrated Products Inc., NXP Semiconductors N.V., ON Semiconductor, Qualcomm, Inc., Linear Technology Corporation and Intel Corporation among others.
The global application specific integrated circuit (ASIC) market has been segmented into:
Global Application Specific Integrated Circuit (ASIC) Market: By Product Type
- Full Custom Design ASIC
- Semi- Custom Design ASIC
- Standard Cell Based ASIC
- Gate Array Based ASIC
- Programmable ASIC
Global Application Specific Integrated Circuit (ASIC) Market: By Application
- Consumer electronics
Global Application Specific Integrated Circuit (ASIC) Market: By Geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Latin America
- Rest of Latin America