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Application Specific Integrated Circuit Market Research Report: By Product Type (Full Custom Design, Semi-Custom Design, Programmable) And By Application (It & Telecommunication, Industrial, Automotive, Consumer Electronics) – Global Forecast Till 2023
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Application Specific Integrated Circuit Market Forecast 2023 Application Specific Integrated Circuit Market Report-Forecast 2023 P a g e | 1 Copyright © 2017 Market Research Future.
Application Specific Integrated Circuit Market Forecast 2023 VIEW REPORTS SAMPLE REPORTS P a g e | 2 Copyright © 2017 Market Research Future.
Application Specific Integrated Circuit Market Forecast 2023 Summary The Application Specific Integrated Circuit (ASIC) market is growing persistently recently mainly due to the burgeoning crypto-currency market and the prominence of ASIC in crypto-currency mining machines. ASIC also witnesses a significant demand from another rapidly increasing ICT market which is escalating the global Application Specific Integrated Circuit Market to the exponential heights on the global platform. Acknowledging the vast growth this market is garnering currently, Market Research Future (MRFR) in its recently published study asserts that the global application specific integrated circuit market will reach 32 BN by 2023 posting a 9% CAGR from during the anticipated period (2017-2023). Additional factors defining the landscape of the ASIC market include wide adoption of smartphones and other wearable devices, worldwide, the emergence of smart automobiles, industrial machinery, and infrastructure. Moreover, the proliferation of the Internet of Things (IoT) industry propels the market growth, adding billions of new units on the Internet. Furthermore, new units including data storage devices, sensors, computers, and related infrastructure are explaining the augmented demand these electronic components perceive, with their ability to interact with each other integrating into software systems and networks. P a g e | 3 Copyright © 2017 Market Research Future.
Application Specific Integrated Circuit Market Forecast 2023 Major Key Players: Some of the eminent leaders of the market include Texas Instruments Inc. (U.S.), Intel Corporation (U.S.), STMicroelectronics N.V (Switzerland), Renesas Electronics Corporation (Japan), Infineon Technologies AG (Germany), Maxim Integrated Products Inc. (U.S.), ON Semiconductor (U.S.), Analog Devices, Inc.(U.S.), NXP Semiconductors N.V (The Netherlands), Linear Technology Corporation (U.S.), and Qualcomm, Inc. (U.S.). P a g e | 4 Copyright © 2017 Market Research Future.
Application Specific Integrated Circuit Market Forecast 2023 Segmentation: MRFR has segmented its analysis into three key dynamics for enhanced understanding. By Product Types: Full Custom Design, Semi-Custom Design (standard cell-based and gate array-based ASIC, others.), and Programmable ASIC among others. By Applications: IT & Telecommunication, Industrial, Automotive, and Consumer Electronics among others. By Regions: North America, Europe, APAC and Rest of the World. P a g e | 5 Copyright © 2017 Market Research Future.
Application Specific Integrated Circuit Market Forecast 2023 Regional Analysis: North America market of Application Specific Integrated Circuit is dominating the global market attributing to the huge demand of security system and business intelligence. The region is followed by Europe region. The Asia Pacific region, on the other hand, is emerging as the fastest growing market attributed to the augmented market penetration of smartphones and the demand for energy-efficient devices. China, India, and Japan are driving the regional market growth owing to the growing penetration of high-tech gadgets, increased requirement of miniaturization, developments of auto electronics, economic development, growing digitization, rapid industrialization among other factors. P a g e | 6 Copyright © 2017 Market Research Future.