Application Specific Integrated Circuits Market - increasing scope of applicatio

Posted by RASHMI on March 13th, 2019

Application specific integrated circuits are defined as microchips which are designed for specific applications within an electronics device. Application specific integrated circuits are an optimal replacement for the traditional FPGA (Field-Programmable Gate Array) due to their high performance and low power consumption. Global demand for application specific integrated circuits is expected to rise tremendously during the forecast period due to the extensive development of the electronics and industrial sectors worldwide.

Moreover, the increasing applications of these sensors in consumer electronics, and the demand for electronic goods in the Asia Pacific region, especially in China and Japan, are likely to boost the overall market remarkably in the coming years.

The global application specific integrated circuits market is segmented on the basis of end-use and type. Based on end-use, the market is divided into telecommunication, industrial, automotive, consumer electronics, and others. Others include domains such as medical, military and aerospace, auto emission control, sensors, and environmental monitoring.

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The significant use of application specific integrated circuits in industrial applications including Micro-Power 555 Programmable Timer, Thermal Controller, and 8 Bit Microcontrollers are having a significant impact on the share of the industrial segment of the global application specific integrated circuit market.