Albany, NY -- (SBWIRE) -- 05/15/2017 -- ASICs are increasing being used in flat panel displays such as global positioning system (GPS), voice memo, web browsing, e-mail, answering machine, wireless PDA, and two-way paging. The biggest advantage of improved version of ASIC is that they are compact, lighter, affordable, high-bandwidth, and come with a better battery life, which are the key needs of the modern-age devices.

Global Application Specific Integrated Circuit Market: Overview

The report covers the analysis and forecast of the Application Specific Integrated Circuit market on a global and regional level. The study provides historic data of 2015 along with the forecast for the period between 2016 and 2024 based on revenue (US$ Bn). A comprehensive analysis of the market dynamics that is inclusive of market drivers, restraints and opportunities is included in the purview of the report. Additionally, the report includes potential opportunities in the Application Specific Integrated Circuit market on the global and regional level. Market dynamics are the factors which impact the market growth, thereby helping to understand the ongoing trends of the global market. Therefore, the report provides the forecast of the global market for the period from 2016 to 2024, along with offering an inclusive study of the Application Specific Integrated Circuit market.

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Global Application Specific Integrated Circuit Market: Segmentation Analysis

The study provides a detailed view of the Application Specific Integrated Circuit market by segmenting it based on product type and application. On the basis of product type, the Application Specific Integrated Circuit market has been further segmented into full custom design ASIC, semi custom design ASIC and programmable ASIC. Semi custom design ASIC is further segregated into standard cell based ASIC and gate array based ASIC. On the basis of application, the Application Specific Integrated Circuit market is segmented into telecommunication, industrial, automotive, consumer electronics and others. Others application segment includes auto emission control, medical, military and aerospace, sensors, environmental monitoring and personal digital assistants (PDAs) among others.

Global Application Specific Integrated Circuit Market: Regional Outlook

Regional segmentation includes the current and forecast demand for North America, Europe, Asia-Pacific, Middle East & Africa (MEA) and Latin America. These have been further sub-segmented into countries and regions with relevance to the market. The segmentation also includes demand for individual product and applications in all regions.

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The report provides the size of the Application Specific Integrated Circuit market in 2015 and the forecast for the next nine years up to 2024. The size of the global Application Specific Integrated Circuit market is provided in terms of revenue. Market revenue is defined in US$ Bn. The market size and forecast for each product and application segment are provided in the context of global and regional markets. Numbers provided in this report are derived based on demand generated from different applications and types products. Market dynamics prevalent in North America, Europe and Asia-Pacific have been taken into account for estimating the growth of the global market.