LONDON–(BUSINESS WIRE)–Technavio has been monitoring the application specific IC market and it is poised to grow by USD 4.58 billion during 2020-2024, progressing at a CAGR of over 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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This Report Addresses:
- The market size from 2020-2024
- Expected market growth until 2024
- Forecast of how market drivers, restraints, and future opportunities will affect the market dynamics
- Segments and regions that will drive or lead market growth and why
- Comprehensive mapping of the competitive landscape
- In-depth analysis of key sustainability strategies adopted by market players
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Frequently Asked Questions-
- Based on segmentation by product, which is the leading segment in the market?
- Smartphones are expected to be the leading segment based on product in the global market during the forecast period.
- What are the major trends in the market?
- Digital transformation is one of the major trends in the market.
- At what rate is the market projected to grow?
- Growing at a CAGR of over 4%, the incremental growth of the market is anticipated to be USD 4.58 billion.
- Who are the top players in the market?
- Analog Devices Inc., Broadcom Inc., Infineon Technologies AG, Intel Corp., Maxim Integrated Products Inc., NXP Semiconductors NV, ON Semiconductor Corp., Renesas Electronics Corp., STMicroelectronics NV, and Texas Instruments Inc. are some of the major market participants.
- What are the key market drivers and challenges?
- Digital transformation is one of the major factors driving the market. However, the changing market dynamics due to US-China trade wars will restrain market growth.
- How big is the APAC market?
- The APAC region will contribute 75% of market growth.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Analog Devices Inc., Broadcom Inc., Infineon Technologies AG, Intel Corp., Maxim Integrated Products Inc., NXP Semiconductors NV, ON Semiconductor Corp., Renesas Electronics Corp., STMicroelectronics NV, and Texas Instruments Inc. are some of the major market participants. The digital transformation will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Application Specific IC Market 2020-2024: Segmentation
Application Specific IC Market is segmented as below:
- North America
- South America
Application Specific IC Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The application specific IC market report covers the following areas:
- Application Specific IC Market Size
- Application Specific IC Market Trends
- Application Specific IC Market Analysis
This study identifies emergence of IoT as one of the prime reasons driving the application specific IC market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Application Specific IC Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist application specific IC market growth during the next five years
- Estimation of the application specific IC market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the application specific IC market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of application specific IC market vendors
Table of Contents:
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019-2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Smartphones – Market size and forecast 2019-2024
- TVs – Market size and forecast 2019-2024
- PCs – Market size and forecast 2019-2024
- Automotive – Market size and forecast 2019-2024
- Others – Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by Type (qualitative)
- Full-custom design
- Standard cell based
- Gate-array based
- Geographic segmentation
- Geographic comparison
- APAC – Market size and forecast 2019-2024
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Volume drivers – Demand led growth
- Market challenges
- Market trends
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- Analog Devices Inc.
- Broadcom Inc.
- Infineon Technologies AG
- Intel Corp.
- Maxim Integrated Products Inc.
- NXP Semiconductors NV
- ON Semiconductor Corp.
- Renesas Electronics Corp.
- STMicroelectronics NV
- Texas Instruments Inc.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
List of abbreviations
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