Application specific integrated circuits are a type of tailor made integrated circuits that are meant and designed for a particular use or application. Conventionally, the design of such kind of circuits are taken up for a product that is going to be mass produced or will have huge volumes in production. The application specific integrated circuits may contain a majority portion of the electronics required on a single integrated circuit. Since the cost of application specific integrated circuits is high, they are only meant for products that are being produced on a large scale.
Significant advantages of application specific integrated circuits include reduction in cost and size of products
Even though the cost of application specific integrated circuits is high, they are used in various applications where production volumes are high. With the aid of application specific integrated circuits, the specific requirements of any product can be met and this can be achieved by crafting the circuits in such a manner that much of the design is contained in a single application specific integrated circuit, thereby reducing the number of additional components required in that product. Due to this advantage that application specific integrated circuits hold, they are used in industries where large number of products are produced on a mass scale, such as cell phones and other applications. Such type of circuits are also used for other consumer electronics products, where the production volume is high and for products that are used on a large scale.
The earlier versions of application specific integrated circuits had the capability of addressing just logic functions. However, with the advancements in technology, such type of circuits can now integrate both analogue and logic functions. Due to this, the application specific integrated circuits are now able to constitute a complete mechanism on a single chip, and therefore the requirements of other type of components is eliminated. This reduces the overall cost of a device.
Growing demand for smartphones and tables boosting the application specific integrated circuit market
Application specific integrated circuits have been designed for specific applications in smart phones that are not limited by the power and price of such devices. Currently, these type of circuits are being specifically produced for inexpensive, small, power-sensitive consumer devices such as smart phones and tablets. There is a huge demand for smartphones all over the world and application specific integrated circuits are being used in flat panel displays, including web browsing, email, voice memo, answering machines, two-way paging, wireless PDA and global positioning system (GPS). Technologically advanced application specific integrated circuits are the key to fulfilling the important requirements of the next generation smart phones in the form of smaller size and weight, low cost, high-bandwidth, and long battery life.
Apart from this, popular electronic devices such as smart phones and tablets are becoming outdated within a short time duration. This is happening due to the fact that the smartphone manufacturers are launching new models in a very short time duration. Due to this, the replacement cycle of smart phones has shrunk to less than a year. Earlier, the replacement period was much lengthier, as fewer new devices and versions were introduced in the market. However, presently, there is a high demand for application specific integrated circuits in newly launched devices. These factors are boosting the global application specific integrated circuit market.
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 2016 along with the forecast for the period between 2017 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 2017 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 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.
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.
By Product Type
- Full Custom Design ASIC
- Semi- Custom Design ASIC
- Standard Cell Based ASIC
- Gate Array Based ASIC
- Programmable ASIC
- Consumer electronics
- North America
- Asia Pacific
- Middle East and Africa
- Latin America