Application Specific Integrated Circuits Market - Snapshot
Application specific integrated circuits are defined as microchips which are designed for specific applications within an electronics device. Application specific integrated circuits are an optimal replacement for the traditional FPGA (Field-Programmable Gate Array) due to their high performance and low power consumption. Global demand for application specific integrated circuits is expected to rise tremendously during the forecast period due to the extensive development of the electronics and industrial sectors worldwide. Moreover, the increasing applications of these sensors in consumer electronics, and the demand for electronic goods in the Asia Pacific region, especially in China and Japan, are likely to boost the overall market remarkably in the coming years.
The global application specific integrated circuits market is driven by factors such as growing demand for smartphones and tablets. It helps in fulfilling the smaller size and weight, low-cost, high-bandwidth, and long battery life requirements of next-generation smartphones. Additionally, the increasing scope of applications for application specific integrated circuits is expected to have a significant impact on the global ASIC market over the forecast period. For instance, large System on Chip (SoC) and mixed signal designs are using ASIC significantly as compared to its FPGA counterpart. Moreover, with latest technological advancements, the unit cost for ASICs has been decreasing, leading to a positive impact on the global market. However, the continuous evolution of the electronics industry is creating a constant need for enhancement of ASIC designs to catch up with the rising requirements.
The global application specific integrated circuits market is segmented on the basis of end-use and type. Based on end-use, the market is divided into telecommunication, industrial, automotive, consumer electronics, and others. Others include domains such as medical, military and aerospace, auto emission control, sensors, and environmental monitoring. The significant use of application specific integrated circuits in industrial applications including Micro-Power 555 Programmable Timer, Thermal Controller, and 8 Bit Microcontrollers are having a significant impact on the share of the industrial segment of the global application specific integrated circuit market. The consumer electronics industry is anticipated to expand at a significant CAGR of above 8% due to its extensive use of ASICs within phones and tablets. Based on type, the global application specific integrated circuit market is divided into full-custom ASIC, semi-custom ASIC, and programmable ASIC. Semi-custom ASIC are further divided into cell based ASIC and array based ASIC. Semi-custom ASIC can be used to cater to a wider scope of applications as compared to its counterparts. Additionally, due to its low complexity and wide scope of applications, semi-custom ASICs are anticipated to hold a significant share of more than 40% for the year 2018.
By geography, the global application specific integrated circuits market is classified into North America, Europe, Asia Pacific, Middle East & Africa, and South America. The North America market is anticipated to hold a considerable share of 31.7% for the year 2018. The significant presence of prominent players in the region including Analog Devices, Inc., Maxim Integrated Products Inc., ON Semiconductor, Qualcomm Inc., Intel Corporation, and Texas Instruments Inc. is one of the primary reasons for the growth within the region. However, the market in the Asia Pacific region is anticipated to grow at the fastest CAGR over the forecast period 2018-2026.
Some of the other key players profiled in this report include Infineon Technologies AG, STMicroelectronics N.V., Renesas Electronics, and NXP Semiconductors N.V.
Application Specific Integrated Circuits Market - Overview
The “Application Specific Integrated Circuits Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026” report provides analysis of the application specific integrated circuits market for the period 2016–2026, wherein 2018 to 2026 is the forecast period, and 2017 is considered as the base year. Data for 2016 has been included as historical information. The report covers all the trends and technologies playing a major role in the growth of the application specific integrated circuits market during the forecast period. It highlights the drivers, restraints, and opportunities expected to influence the market growth during this period. The study provides a holistic perspective on the market’s growth in terms of revenue (in US$ Mn) across different geographical regions, namely North America, Europe, Asia Pacific, Middle East & Africa, and South America. The report highlights the key trends affecting the market on a global scale. Furthermore, region-wise prominent countries/regions covered in the report includes the U.S, Canada, Germany, France, U.K, India, China, Japan, GCC countries, South Africa, and Brazil.
This report analyzes and forecasts the application specific integrated circuits market at the global and regional level. The report also comprises a detailed value chain analysis, which provides a comprehensive view of the global application specific integrated circuits market. Porter’s Five Forces model has been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end users are benchmarked based on their market size, growth rate, and general attractiveness.
Global Application Specific Integrated Circuits Market: Taxonomy
This research study on the global application specific integrated circuits market provides a detailed cross segment and cross country analysis based on the different segments including end use and type. Based on end-use industry, the market is divided into telecommunication, industrial, automotive, consumer electronics and others. Others includes medical, military and aerospace, auto emission control, sensors, and environmental monitoring. Based on type, the market is segmented into full-custom ASIC, semi-custom ASIC, and programmable ASIC. Furthermore, semi-custom ASIC is divided into cell based and array based ASIC.
Global Application Specific Integrated Circuits Market: Research Methodology
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, national government documents, statistical databases, and market reports, Factiva, etc.
Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook, etc. These help us to validate and strengthen secondary research findings. These also help to develop the analysis team’s market expertise and understanding.
Global Application Specific Integrated Circuits Market: Competitive Dynamics
The report highlights wellestablished players of the market including Infineon Technologies AG, STMicroelectronics N.V., Texas Instruments Inc, Renesas Electronics, ON Semiconductor, Maxim Integrated Products Inc., Analog Devices, Inc., NXP Semiconductors N.V., Qualcomm, Inc., and Intel Corporation. These key players focus extensively on the latest technologies to update their existing product portfolio. For instance, Maxim Integrated Products Inc. hosted an update on its factory automation business for its investors and analyst community in May 2018.
The global application specific integrated circuits market can be segmented as follows
Global Application Specific Integrated Circuits Market, by End-use
- Consumer Electronics
Global Application Specific Integrated Circuits Market, by Type
- Full Custom ASIC
- Semi-Custom ASIC
- Cell Based
- Array Based
- Programmable ASIC
Global Application Specific Integrated Circuits Market, by Geography
- North America
- The U.S.
- Rest of North America
- The U.K.
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of MEA
- South America
- Rest of South America