QYResearchReports has added a new report, titled “Global Application Specific Integrated Circuit (ASIC) Sales Market Report 2018. According to the report, the demand for application-specific integrated-circuit is increasing on account of their Rising number of applications. The penetration of smartphones and tablets has bolstered the growth of application-specific integrated circuits. This market is expected to expand at the base in the forecast period.

Application-specific integrated circuits are being used in flat panel displays such as voice memo, global positioning systems, email, web browsing, answering machines, two-way paging, and wireless PDA. The demand for ASIC is increasing on account of their compactness, affordability, high-bandwidth, and lightweight. Improved battery life which is a key need of more than each device will be another important factor boosting the growth of the global application-specific integrated-circuit market.

The demand for application-specific integrated-circuit is also increasing from the consumer electronics and automotive sector as they offer energy efficient Solutions. These solutions are offered as a result of the efforts taken by manufacturers to develop designs and functions that are energy efficient. On the other hand, the ever-changing nature off the semiconductor industry will be a key challenge for the application-specific integrated-circuit market as it struggles to keep up with the pace of innovation.

In terms of geography, this market is led by Asia-Pacific. Asia-pacific is not on the leading but is expected to be the most attractive market for application-specific integrated-circuit on account of the burgeoning demand for smart devices and booming industrial infrastructure sector. The rising trend of automation and increased demand for sensors in automobiles will also drive the market for ASIC in Asia-Pacific. The increased investment in communication Technologies is yet another factor which is favouring the growth of the application-specific integrated-circuit market in Asia Pacific. In addition to Asia Pacific, Latin America to show promising growth opportunities.

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Leading players within the global application-specific integrated-circuit market have been profiled in the report. The names of a few are: Infineon Technologies, Texas Instruments Inc., AG, Renesas Electronics, STMicroelectronics, Linear Technology, Analog Devices, NXP Semiconductors, Maxim Integrated Products, ON Semiconductor, Qualcomm, and Intel.