Application Specific Integrated Circuits (ASICs) Market in 2019
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Global Application Specific Integrated Circuit (ASIC) is expected to experience a healthy 9.70% CAGR during the forecast period of 2019 to 2026. The growing need for better workforce management and A growing application of integrated circuits in information and telecommunications technologies is the main growth factor in this market.
Market Definition: Global Application Specific Integrated Circuit (ASIC) Market
Application-specific integrated circuits or microchips are designed in an electronic device and are an optimal replacement for traditional FPGAs (Field-Programmable Gate Arrays) due to their high performance and low power consumption. The unique features of ASIC are its compact size; they are lightweight, affordable compared to others. They have high bandwidth and due to the better battery life they can be used in many applications. They are widely used in sectors such as telecommunications, automotive, industry, etc.
Key Market Competitors: Some of the major competitors currently working in the global Application Specific Integrated Circuits (ASICs) arena include Intel Corporation, Texas Instruments Incorporated, STMicroelectronics, Infineon Technologies AG, Renesas Electronics Corporation, Maxim Integrated, Analog Devices, Inc, Semiconductor Components Industries, LLC., NXP Semiconductors, Qualcomm Technologies, Inc.
Growing demand for smartphones and tablets will drive the market
Advancement of technology and development of ASIC
The affordability of ASIC also leads to the expansion of the market
Energy efficient solutions and low cost of implementation are driving factors of the market
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Global Application Specific Integrated Circuits (ASICs) Market Segmentation:
Fully customized ASIC
o Based on a table
By end use
Â· North America
o United States
Â· South America
o Rest of South America
o Rest of Europe
Â· Asia Pacific
o South Korea
o Rest of Asia-Pacific
Middle East and Africa
o Saudi Arabia
o United Arab Emirates
o Rest of the Middle East and Africa
Key developments in the market:
In April 2018, Cyient Limited announced that its subsidiary Cyient Europe Ltd had acquired AnSem NV, in order to be able to develop intelligent analog sensors to capture data and analysis solutions to provide actionable insights. This will benefit Cylient by providing efficient customer support and adding a large product portfolio. Such a merger and acquisition will allow the expansion of the ASIC market for the foreseeable future.
In July 2018, Intel announced its acquisition of eASIC which develops designs for structured ASICs. This acquisition will help Intel enable its customers to integrate reprogrammable technology into a Xeon package to improve workflow, enable performance, and save energy and costs. This acquisition will allow Intel to have a better vertical integration of this technology, and to strengthen its position in the market.
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