Programmable Application Specific Integrated Circuit Market Future
Outlook, COVID-19 Impact Analysis, Forecast - 2031

The global programmable application specific integrated
circuit market is expected to grow at a significant CAGR during the forecast
period. Application-Specific Integrated Circuits, are non-standard integrated
circuits that have been created for a specific usage or application, as the
name implies. In most cases, an ASIC is designed for a product with a high
production run, and the ASIC may include a substantial portion of the
electronics required on a single integrated circuit. As it might expect, the
cost of an ASIC design is considerable, therefore they're usually reserved for
large-volume products. Larger power dissipation, quicker speeds, and higher pin
counts, as well as smaller footprints and lower profiles, are continuously
demanded in the consumer electronics industry. Smaller, lighter, and better
portable gadgets, such as tablets, smartphones, and future IoT devices, have
resulted from the downsizing and integration of semiconductors.

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The consumer electronics segment's need for programmable
ASICs is being boosted by the fast-growing demand for smartphones, tablets, and
other mobile devices throughout the globe. Some of the reasons that are
positively affecting the market's growth include the accelerated speed of new
product development, falling cost per function of ICs and their rising
functionality, and reduced product replacement cycles. Increasing adoption of
smartphones and technological advancement will drive the global programmable
application specific integrated circuit market growth.

In September 2018, Renesas Electronics Corp., a leading
provider of innovative semiconductor solutions, has announced a strategic
partnership with Alibaba Cloud, a subsidiary of Alibaba Group Holding Inc. that
will enable the Internet of Things (IoT) developers to help China's IoT
industry grow faster.

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Market Coverage

• Segment
  Covered- 

o             By Design
Type

o             By
Application

• Competitive
  Landscape- Texas Instruments Inc., STMicroelectronics N.V., Infineon
  Technologies AG, Qualcomm Inc., ON Semiconductor, among others.

Key questions addressed by the report

• What
  is the market growth rate?


• Which
  segment and region dominates the market in base year?


• Which
  segment and region will project fastest growth in the market?


• How
  COVID-19 impacted the market?

o             Recovery
Timeline

o             Deviation
from pre-COVID forecast

o             Most
affected region and segment

• Who
  is the leader in the market?


• How
  players are addressing challenges to sustain growth?


• Where
  is the investment opportunity?

Global Programmable Application Specific Integrated
Circuit Market by Segments

•             By Design
Type

·       
Full Custom

·       
Semi-custom

·       
Programmable

•             By
Application

·       
Telecommunication

·       
Consumer Electronics

·       
Automotive

·       
Industrial

·       
Others

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