Research Report With COVID-19 Forecasts - Application Specific IC (ASIC) Market 2020-2024 | Digital Transformation to Boost Growth | Technavio
Technavio has been monitoring the application specific IC (ASIC) market and it is poised to grow by USD 4.58 billion during 2020-2024, progressing at a CAGR of 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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Technavio has announced the latest market research report titled Global Application Specific IC Market 2020-2024 (Graphic: Business Wire)
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact
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 (News - Alert) NV, ON Semiconductor Corp., Renesas Electronics Corp., STMicroelectronics NV, and Texas Instruments Inc, are some of the major market participants. Although digital transformation will offer immense growth opportunities, changing market dynamics due to the US-China trade war will challenge the growth of the market participants. To make the 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.
Digital transformation has been instrumental in driving the growth of the market. However, changing market dynamics due to the US-China trade war might hamper market growth.
Application Specific IC (ASIC) Market 2020-2024 : Segmentation
Application Specific IC (ASIC) Market is segmented as below:
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Application Specific IC (ASIC) 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. Our application specific IC (ASIC) market report covers the following areas:
This study identifies the emergence of IoT as one of the prime reasons driving the application specific IC (ASIC) market growth during the next few years.
Application Specific IC (ASIC) Market 2020-2024 : Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the application specific IC (ASIC) market, including some of the vendors such as Analog Devices Inc., Broadcom (News - Alert) Inc., Infineon Technologies AG, Intel Corp., Maxim Integrated Products Inc., NXP Semiconductors NV, ON Semiconductor Corp., Renesas Electronics Corp., STMicroelectronics NV, and Texas Instruments (News - Alert) Inc. Backed with competitive intelligence and benchmarking, our research reports on the application specific IC (ASIC) market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Application Specific IC (ASIC) Market 2020-2024 : Key Highlights
Table Of Contents :
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Type (qualitative)
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