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Global Application Specific Integrated Circuit Market 2021: By Type (Full Custom ASIC, Semi-Custom ASIC, Standard Cell Based ASIC, Gate Array Based ASIC, Programmable ASIC), By End-use Industry (Consumer Electronics, Telecommunication, Healthcare, Industrial, Automotive)Global Application Specific Integrated Circuit Market Applications, Trends, Growth Rate, and Global Market Forecast to 2029” is a recent report offered by Trusted Business Insights. The report comprises numerical data as well as qualitative information. The report focuses on global market value for the next 10 years and revenue growth rate, as well as revenue share and growth rate of each of the segments, regions, and countries over the next 10 years. Estimations and projections in terms of revenue and growth rates have been made by keeping historic and present scenarios and data in mind. In addition, insights and facts given by experts in the field have been firmly taken into consideration. Primary and secondary research including interviews have been conducted for preparation of the report and to provide data of high accuracy. The global application specific integrated circuit market is segmented on the basis of type, end-use industry, and region.Request Covid - 19 Impact The Global Application Specific Integrated Circuit market size was valued at USD $21.08 Billion in 2020, USD $22.5 Billion in 2021, forecasted to reach USD $24 Billion in 2022, and is projected to reach USD $42.39 Billion by 2030, and is anticipated to expand at a CAGR of 6.7% over the forecast period from 2020 to 2030.
Application Specific Integrated Circuit: OverviewApplications specific integrated circuit, commonly known as a chip or microchip, is designed for the purpose of aiding devices to optimize electrical energy and utilize it to perfection. These chips are of prime interest to various enterprises and researchers as growing influx of electronic devices are expected to engage in more complex operations every day. These devices present benefits such as to gain maximum traction while operating an electronic device, as hypothetically, these devices can operate independently to produce more intelligent and intuitive devices. Application-specific integrated circuits are engineered and designed on the basis of required customization and for a specific application. The design of these circuits are mainly used for mass production of a product.
Dynamics: Global Application Specific Integrated Circuit MarketGrowing demand for smartphones, tables, and other personal hand-held devices among individuals is a major factor driving growth of the global application specific integrated circuit market. In addition, rapidly growing end-use industries across various countries, coupled with expanding scope of applications of application-specific integrated circuits in various industries such as telecommunication and automotive are other factors expected to fuel growth of the global market. SoC (System-on-chip) applications in the target market is expected to result in growth of the application specific integrated circuit market in the near future. Growing consumer electronics industry, and increasing adoption of web browsing, answering machine, two-way paging, wireless PDA, Global Positioning System (GPS), and e-mail is also projected to support growth of the target market. Application-specific integrated circuits are proving to be an ideal substitute for traditional FPGA and are being considered as an extremely efficient alternative, which is also a key factor expected to result in higher demand for these integrated circuits. However, uncertain nature of innovation, narrow focus on cost-savings and efficiency are factor that could hamper growth of the target market. in addition, high cost of production and thus the final product is another factor expected to drive growth of the global market.
Below are the leading companies profiled in this Application Specific Integrated Circuit Market Report:
Chapter 1 Methodology and Scope