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Application Specific Integrated Circuit Market Witnesses Growing Demand for System-on-Chip & Telecommunication Applications

Press release Description

Albany, New York, January 14, 2019: From machine learning to IoT ‘edge’ device, application specific integrated circuits (ASICs) are offering the next wave of digital transformation through specialization. As companies adopt the technologies that depend on ASICs, application specific integrated circuits offer energy efficiency and speed, both resulting in cost savings and to contribute to enhanced innovation.

There has been soaring demand for application specific integrated circuits not only in tablets and smartphones, but also in medical electronics, industrial electronics, military electronics and power electronics. These excerpts are according to the report titled, “Application Specific Integrated Circuits Market—Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018-2026,” which has been lately encompassed in the ever-expanding repository of Market Research Reports Search Engine (MRRSE).Revenue of the ASIC market is expected to rise on account of soaring demand for telecommunication application along with system-on-chip applications.

KnuEdge, a company producing military-grade voice authentication and recognition technology, formed a team dedicated to building ASICs after finding they failed to achieve the performance required with general purpose hardware. Consequently, they developed KNUPATH LambdaFabric processor—specifically designed for efficient, fast and accurate voice recognition.

However, few of the companies are shifting to field-programmable gate arrays (FPGAs) which can gain many of the efficiencies of ASICs without much commitment. For instance, Microsoft witnessed power-efficiency at scale with ASICs, however ended up picking FPGAs instead as the latter has the flexibility of being re-programmed to handle other tasks.

Application Specific Integrated Circuit Market: Report Content

The report offers a qualitative and quantitative analysis on the application specific integrated circuit market to offer actionable insights. The report further delves into drivers, opportunities, restraints, trends that have considerable influence in the augmentation of the market. Besides, the report also segregates the market to provide in-depth view of the application specific integrated circuit. The report segregates the market on the basis of end-use, type and geography.

The report begins with executive summary and gives assessment on market overview. The market overview section covers major market indicators and market outlook along with value chain analysis. The final section of the report delineates company overview, financial overview, recent developments, strategies, product portfolio and SWOT analysis. The companies elucidated in the report are Texas Instruments Inc., Qualcomm Inc., Maxim Integrated Products Inc., and Intel Corporation.

Application Specific Integrated Circuit Market: Research Methodology

The research methodology in this report includes secondary sources, primary sources and analysis from panel of expert for the assessment period 2018-2026. Secondary sources applied in the report include, but are not limited to annual reports, government document, SEC filings, investors’ presentation, World Bank database, market reports, relevant patent, statistical database and regulatory database. Primary sources include telephonic interviews, e-mail interactions and honest reviews of the market across regions.  Expert panel relentlessly analyzes the report with the view to offer readers with authentic and unbiased report. The analysis of the performance of market across regions has been done taking   Y-o-Y growth and BPS into consideration. The report has been analyzed through absolute dollar opportunity analysis, which are often ignored while assessing the market.

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