Global ASIC Market 2015-2019
ASICs are customized circuits. An ASIC is developed with custom logic that is application specific. Licensed microprocessors and memory cores may be included in an ASIC to allow limited software programmability through the modification of software algorithms on the microprocessor. Each ASIC has a targeted function used by a single customer in a single application. ASICs are often referred to as standard cells. They are used in communications, automotive, consumer electronics, computers, and industrial applications.
Technavio's analysts forecast the global ASIC market to grow at a CAGR of 5.2% over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the global ASIC market for the period 2015-2019. This report considers 2014 as the base year and provides data for the 12 trailing months. To calculate the market size, the report considers revenue generated by ASIC manufacturers worldwide. However, the report does not take into consideration the following while calculating the market size:
Technavio Announces the Publication of its Research Report – Global ASIC Market 2015-2019
Technavio recognizes the following companies as the key players in the Global ASIC market: Analog Devices, Infineon Technologies, STMicroelectronics and Texas Instruments
Other Prominent Vendors in the market are: Linear Technology, Maxim Integrated Products, NXP Semiconductors, ON Semiconductor, Renesas Electronics and Skyworks Solutions
Commenting on the report, an analyst from Technavio’s team said: “In the current scenario, portable electronic devices such as smartphones and tablets are becoming obsolete within a short time span. This obsolescence is because of the rapid launches of next-version models by vendors. The duration of the replacement cycle period is 8-12 months. Previously, the replacement period used to be much higher, but because of the reduction in time span of the product replacement cycle, the demand for the use of ASICs in newly launched devices is expected to rise drastically.”
According to the report, the availability of low-cost smartphones in emerging markets such as China and India and increased Internet penetration worldwide are expected to increase the shipment of smartphones in 2019. This is a significant increase compared to the shipments recorded in 2013. Also, a number of local market participants have started introducing tablets in their countries, and this trend is expected to increase during the forecast period. As ASICs are an integral part of these devices, the demand for these devices will instigate demand for ASICs, leading to the growth of the market.
Further, the report states that the global ASIC market requires high capital investment, which is a major challenge to the growth of the market.
Analog Devices, Infineon Technologies, STMicroelectronics, Texas Instruments, Linear Technology, Maxim Integrated Products, NXP Semiconductors, ON Semiconductor, Renesas Electronics, Skyworks Solutions