Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for global professionals · Friday, October 4, 2024 · 749,169,594 Articles · 3+ Million Readers

Global Application Specific Integrated Circuit Market Size, Share And Growth Analysis For 2024-2033

 Application Specific Integrated Circuit Market Size,Growth Outlook Through 2024-2033

Application Specific Integrated Circuit Global Market Size,Growth Outlook Through 2024-2033

Application Specific Integrated Circuit Market Size,Growth Outlook Through 2024-2033

You Can Now Pre Order Your Report To Get A Swift Deliver With All Your Needs ”
— The Business Research Company

LONDON, GREATER LONDON, UNITED KINGDOM, October 1, 2024 /EINPresswire.com/ -- The application specific integrated circuit market has experienced robust growth in recent years, expanding from $16.42 billion in 2023 to $17.62 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to cost efficiency and performance improvement, growing complexity of applications, market expansion in electronics and communication sectors, shrinking design cycles, increasing integration in consumer electronics.

What Is The Estimated Market Size Of The Global Application Specific Integrated Circuit Market And Its Annual Growth Rate?
The application specific integrated circuit market is projected to continue its strong growth, reaching $23.34 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to rise in IoT devices and edge computing, automotive electronics evolution, demand for energy-efficient solutions, increased complexity in semiconductor design, collaborations and partnerships.

Explore Comprehensive Insights Into The Global Application Specific Integrated Circuit Market With A Detailed Sample Report:
https://www.thebusinessresearchcompany.com/sample_request?id=9460&type=smp

Growth Driver Of The Application Specific Integrated Circuit Market
The growing demand for smartphones is expected to propel the growth of the application-specific integrated circuit market going forward. A smartphone is a multifunctional electronic device that combines the capabilities of a mobile phone with those of a personal computer. Application-specific integrated circuits (ASICs) play a crucial role in modern smartphones, enabling them to deliver exceptional performance, power efficiency, and specialized features.

Make Your Report Purchase Here And Explore The Whole Industry's Data As Well:
https://www.thebusinessresearchcompany.com/report/application-specific-integrated-circuit-global-market-report

Which Market Players Are Steering the Application Specific Integrated Circuit Market Growth?
Key players in the market include Infineon Technologies AG, Semiconductor Components Industries LLC, OmniVision Technologies Inc., Tekmos Inc., Seiko Epson Corporation, Socionext America Inc., Intel Corporation, Texas Instruments Incorporated, STMicroelectronics N.V., Qualcomm, Onsemi, Maxim Integrated, Renesas Electronics Corporation, Broadcom Inc., Comport Data Inc., Fujitsu Limited, NXP Semiconductors N.V, Faraday Technology Corporation, Comport Data, Micron Technology, Intel Corporation, ASIX Electronics, Renesas Electronics Corporation, IC’Alps, Marvell Technology Group Ltd., Samsung Electronics, LG Electronics, Honeywell International Inc., eSilicon, Cypress Semiconductor Corporation.

What Are the Dominant Trends in Application Specific Integrated Circuit Market Overview?
Major companies operating in the application-specific integrated circuit market are focused on developing innovative products, such as buck regulators, to gain a competitive edge in the market. A buck regulator, also known as a step-down converter, is a DC-to-DC converter that steps down the voltage from its input to its output.

How Is The Global Application Specific Integrated Circuit Market Segmented?
1) By Product: Full Custom ASIC, Semi-Custom ASIC, Programmable ASIC
2) By Application: Wireless Communication, Inferencing Applications, Acceleration And Storage, Video And Broadcast, Process And Quality Control, Security And Surveillance, Electrical Distribution
3) By End-Use Industry: IT And Telecommunication, Industrial, Media And Entertainment, Automotive, Healthcare, Aerospace, Consumer Electronics, Other End-users

Geographical Insights: North America Leading The Application Specific Integrated Circuit Market
North America was the largest region in the market in 2023. Asia-Pacific is expected to be the fastest-growing region in the report during the forecast period. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Application Specific Integrated Circuit Market Definition
An application specific integrated circuit (ASIC) is a circuit whose connection layout has been optimized only for a particular application. ASIC can function faster than a programmable logic device or a regular logic integrated circuit since it is designed to do only particular task.

Application Specific Integrated Circuit Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Macroeconomic factors affecting the market in the short and long run
• Analysis of the macro and micro economic factors that have affected the market in the past five years
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

An overview of the global application specific integrated circuit market report covering trends, opportunities, strategies, and more
The Application Specific Integrated Circuit Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on application specific integrated circuit market size, application specific integrated circuit market drivers and trends, application specific integrated circuit market major players and application specific integrated circuit market growth across geographies. This market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

Browse Through More Similar Reports By The Business Research Company:

Semiconductor Assembly And Packaging Equipment Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/semiconductor-assembly-and-packaging-equipment-global-market-report

Semiconductor And Other Electronic Component Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/semiconductor-and-other-electronic-component-global-market-report

Semiconductor Fabrication Material Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/semiconductor-fabrication-material-global-market-report

What Does The Business Research Company Do?
The Business Research Company publishes over 15,000 reports across 27 industries and 60+ geographies. Our research is powered by 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. We provide continuous and custom research services, offering a range of specialized packages tailored to your needs, including Market Entry Research Package, Competitor Tracking Package, Supplier & Distributor Package, and much more.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.

Oliver Guirdham
The Business Research Company
+44 20 7193 0708
info@tbrc.info
Visit us on social media:
Facebook
X
LinkedIn

Powered by EIN Presswire

Distribution channels: Business & Economy, Electronics Industry, Energy Industry, International Organizations, World & Regional

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

Submit your press release