(IT-NEWSWIRE.COM, May 10, 2017 ) In recent years, the demand for application specific integrated circuits (ASIC) has gained significant growth due to their widening applications. Today, they are being widely used in smartphones & tablets due to the rising demand for bandwidth. According to recently added study on Market Research Hub, the global application specific IC market estimated to grow immensely at a CAGR of 17.01% during the period 2017-2021. This research study has been titled as “Global Application Specific IC Market 2017-2021” which presents an in-depth evaluation of the market and covers market landscape along with its growth prospects in the coming few years. With a prime focus on the regions including APAC, Americas and EMEA, the research highlights the market overview, drivers, trends as well as challenges that will impact the market growth.
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An application-specific integrated circuit (ASIC) is a kind of microchip, that is specially built for a specific application or purpose. ASICs are manufactured with custom designs as per the device configuration or end-user requirement. There are different microprocessors and memory cores are being included in an ASIC which enables the limited software programmability with the software algorithm. Initially, the study provides a detailed view of the Application Specific Integrated Circuit market by segmenting it based on design, product type and application. An ASIC is found in all the electronic devices and its uses can range from custom rendering of images to sound conversion.
By product type, it covers TV ASIC, PCs, Tablet ASIC, Smartband, Smartwatch, AR & VR, Laptop, Automotive and Smartphones. As per the findings, rising penetration of ICs in the automotive sector is one of the primary factors for market growth. Similarly, the ASICs are used in systems that have rollover and strength control, fuel injection, crash bag and air sensing, head units and audio amplifiers in automobiles. Moreover, to calculate the market size the report estimates include the sales of ASICs in several products, including augmented reality (AR) and VR, laptops, smart bands, PC monitors, smart phones, tablets, smart watches, tablets and Televisions. By design the ASIC market covers Full-custom design, Gate-array based and Standard-cell based.
In the next segment, a comprehensive analysis of the market dynamics that is inclusive of market drivers, restraints and opportunities in included in the purview of the report. As per the research findings, rising penetration of ASICs in electric vehicles, growth prospects in IoT and Big data, Growth of ICs in VR, drones and robotics; and shifting from aluminum to copper interconnections are the major market trends boosting the market growth.
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Furthermore, the report provides competitive analysis of key vendors operating in the market which includes Analog Devices, Infineon Technologies, Texas Instruments and STMicroelectronics.
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