Analysis of COVID-19 Impact: Global Application Specific IC Market 2020-2024 | Digital Transformation to Augment Growth | Technavio
Technavio has been monitoring the global application specific IC market size 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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Technavio has announced its latest market research report titled Global Application Specific IC Market 2020-2024 (Graphic: Business Wire)
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio's in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Analog Devices Inc., Broadcom Inc., Infineon Technologies AG, Intel (News - Alert) 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. 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.
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The digital transformation has been instrumental in driving the growth of the market.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Application Specific IC Market 2020-2024: Segmentation
Appliction Specific IC Market is segmented as below:
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43640
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:
This study identifies the 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
Table of Contents:
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Type (qualitative)
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