Application-Specific IC (ASIC) Market | $ 9.15 billion growth expected during 2021-2025 | Technavio

NEW YORK, June 21, 2021 /PRNewswire/ --

The application-specific IC (ASIC) market is expected to grow by USD 9.15 billion during 2021-2025, according to Technavio. The report offers a detailed analysis of the application-specific IC (ASIC) market in optimistic, probable, and pessimistic forecast scenarios.

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With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. As per Technavio's pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.

This post-pandemic business planning research will aid clients to:

• Adjust their strategic planning to move ahead once business stability kicks in.
• Build Resilience by making effective resource and investment choices for individual business units, products, and service lines.
• Conceptualize scenario-based planning to mitigate future crisis situations.

Key Considerations for Market Forecast:

• Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
• Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
• Pre- as well as post-COVID-19 market estimates
• Quarterly impact analysis and updates on market estimates

Major Three Application Specific IC (ASIC) Market Participants:

Analog Devices Inc.

Analog Devices Inc. manufactures application-specific ICs for various applications.

Broadcom Inc.

Broadcom Inc. manufactures high-performance ASIC solutions for various applications such as wired communications.

Infineon Technologies AG

Infineon Technologies AG manufactures application-specific ICs for various applications. The company provides customized solutions with ASIC design expertise and local support.

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get a detailed market share analysis of market participants during COVID-19 lockdown: 
https://www.technavio.com/report/application-specific-ic-asic-market-industry-analysis

Application-Specific IC (ASIC) Market 2021-2025: Segmentation

Application-specific IC (ASIC) market is segmented as below:

• Product
• Smartphones
• TVs
• PCs
• Automotive
• Others
• Type
• Full-custom Design
• Standard Cell-Based
• Gate-array Based
• Geography
• APAC
• North America
• Europe
• South America
• The Middle East and Africa

The application-specific IC (ASIC) market is driven by the growing demand for customizable ICs. In addition, the increasing demand for telecommunication applications is expected to trigger the application-specific IC (ASIC) market toward witnessing a CAGR of over 8% during the forecast period.

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Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

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