The Programmable Application Specific Integrated Circuit (ASIC) Market research report 2021 provides a basic overview of the industry and information regarding market size, share, growth, cost structure, Programmable Application Specific Integrated Circuit (ASIC) market competition landscape, challenges and opportunity, capacity, revenue, and forecast 2026. The report delivers a comprehensive overview of the crucial elements of the market and elements such as drivers, current trends of the past and present times, technological growth. This report also includes the overall and comprehensive study of the Programmable Application Specific Integrated Circuit (ASIC) market with all its aspects influencing the growth of the market. This report is exhaustive quantitative analyses of the market and provides data for making strategies to increase market growth and effectiveness. The report covers the post-COVID-19 impact on various regions and major countries and on the future development of the industry is pointed out.
The programmable application specific integrated circuit (ASIC) market is expected to witness a CAGR of 8.5% over the forecast period (2021-2026).
Top Companies in the Programmable Application Specific Integrated Circuit (ASIC) Market: Analog Devices, Inc., Infineon Technologies AG, STMicroelectronics, Texas Instruments Inc., Maxim Integrated, NXP Semiconductors N.V., ON Semiconductor, Renesas Electronics Corporation, and others.
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Recent developments in the market are:
– March 2018 – Infineon Technologies and SAIC Motor establish power module joint venture SIAPM in China to manufacture power modules for the developing electric vehicle market in China.
– September 2018 – Renesas Electronics Corporation, a premier supplier of advanced semiconductor solutions, announced a strategic alliance with Alibaba Cloud, a subsidiary of Alibaba Group Holding Inc., that will empower the Internet of Things (IoT) developers to accelerate the growth of China’s IoT market.
Key Market Trends
Increasing Demand from Consumer Electronics Segment to Drive the Market
– The consumer electronics market constantly demands higher power dissipation, faster speeds, and higher pin counts, along with smaller footprints and lower profiles.
– The miniaturization and integration of semiconductors have given rise to smaller, lighter, and better portable devices, like tablets, smartphones, and the emerging IoT devices.
– Each iteration of the consumer electronics product is becoming smarter, lighter, and more energy-efficient than its predecessors. With this level of technology, consumers are now tending towards more reliable gadgets that could stand minor mishaps, which take place in day-to-day activities.
– With the increasing smartphone sales in various regions across the globe, it is evident that the demand for integrated circuits will also see an increased demand, which is expected to drive the market forward during the forecast period.
Asia-Pacific to Witness High Growth
– The Asia Pacific region is expected to witness the fastest growth in the market owing to the rapidly increasing penetration of smartphones among the population and the increasing demand for energy-efficient devices. Emerging economies such as China, India, and Japan are also driving the market growth due to the increasing penetration of high-tech gadgets, development of automotive electronics, increased requirement of miniaturization, growing digitization, economic development, rapid industrialization, and other factors.
– Moreover, with the presence of major semiconductor companies in this region, such as Infineon technologies and other such companies, along with the presence of major consumer electronics players, such as Samsung Electronics, LG Electronics, is influencing the market growth during the forecast period. The growing demand for consumer electronics will continue to positively impact the demand for programmable ASIC in the Asia-Pacific region.
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What are the market factors that are explained in the report?
– Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
– Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
– Analytical Tools: The Programmable Application Specific Integrated Circuit (ASIC) Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
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