Application-specific Integrated Circuit Market (Design Type - Full Custom, Semi-custom and Programmable; Application - Telecommunication, Consumer Electronics, Automotive, Industrial and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2024. The global application-specific integrated circuit (ASIC) market is projected to grow at a CAGR of 9.8% over the forecast period of 2018-2024.

Pune, India -- (SBWire) -- 05/02/2019 --Our latest research report entitled Application-Specific Integrated Circuit Market (by design type (full custom, semi-custom and programmable), application (telecommunication, consumer electronics, automotive, industrial and others)) provides complete and deep insights into the market dynamics and growth of application-specific integrated circuit. Latest information on market risks, industry chain structure application-specific integrated circuit cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential application-specific integrated circuit growth factors. According to the report, the global application-specific integrated circuit (ASIC) Market is projected to grow at a CAGR of 9.8% over the forecast period of 2018-2024.

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Application-Specific Integrated Circuit Market: Insights

The application-specific integrated circuit (ASIC) market is a microchip designed for a certain application. The ASIC is intended to do the only one thing at a time that leads to the improved speed as compared to the programmable logic device or a standard logic integrated circuit. The application specific integrated circuits are more precise and effective than the other ICs. Generally, an ASIC design will be undertaken for a product that will have a large production run, and the ASIC may contain a very large part of the electronics needed on a single integrated circuit. As may be imagined, the cost of an ASIC design is high, and therefore they tend to be reserved for high volume products. The ASICs have a wide range of application including auto emission control, environmental monitoring, and personal digital assistants and many others. An ASIC can be pre-manufactured for a special application or it can be custom manufactured for a particular customer application.

Application-Specific Integrated Circuit Market: Drivers and Restraints

ASICs can be very cost effective for many applications where the volumes are high. It can be designed according to the exact requirement. ASIC's are vastly used in consumer electronics products like cell phones and other related products. Also, the growing use of application integrated circuits in the IT & Telecommunication is driving the growth of application specific integrated circuits. The application specific integrated circuits enable the establishment of complete mechanism on a single chip as they are cable of integrating both analog and logic functions that are likely to boost the growth of application specific integrated circuits market. However, the manufacturing and the designing of circuit particularly, if only a few units are needed are expensive that are hampering the growth of application specific integrated circuit. Moreover, ongoing technological advancements in the field of integrated circuits are projected to create several opportunities in the application specific integration market over the forecast period.

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Application-Specific Integrated Circuit Market: Regional Analysis

Among the regions, Asia Pacific is the largest and the fastest growing region in the application specific integrated circuits. The presence of large semiconductor manufacturers and rapidly growing consumer electronics industries are the factors driving the growth of application specific integrated circuits in the Asia Pacific region. The rising demand for application specific integrated circuits across various industries including Automotive, telecom, industrial and many other contributes to the growth of application specific integrated circuit market in the Asia Pacific region.

Application-Specific Integrated Circuit Market: Segmentation

The report on global application-specific integrated circuit (ASIC) market covers segments such as design type and application. On the basis of design type, the global application-specific integrated circuit (ASIC) market is categorized into full custom, semi-custom and programmable. On the basis of application, the global application-specific integrated circuit (ASIC) market is categorized into telecommunication, consumer electronics, automotive, industrial and others.

Application-Specific Integrated Circuit Market: Competitive Landscape

The report provides profiles of the companies in the global application-specific integrated circuit (ASIC) market such as Texas Instruments Inc., STMicroelectronics N.V., Infineon Technologies AG, Qualcomm, Inc, ON Semiconductor, Linear Technology Corporation, Maxim Integrated Products Inc, Analog Devices, Renesas Electronics, and STMicroelectronics N.V.

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Report Findings

1. Drivers

- Growing Use of Application Integrated Circuits in the IT & Telecommunication.

- High compatible with a wide variety of commercially available design tools.

- Growing Demand for Microelectronics in Several Applications.

2. Restraints

- The high cost of producing customized circuit.

3. Opportunities

- Ongoing Technological Advancements in the Field of Integrated Circuits.