Global Application Specific IC Market by Product (Smartphones, TVs, PCs, Automotive, and Others) and Geography (APAC, North America, Europe, South America, and MEA) | COVID-19 Impact Analysis
September 30, 2020
LONDON–(BUSINESS WIRE)–Technavio has been monitoring the application specific IC market 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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This Report Addresses:
The market size from 2020-2024
Expected market growth until 2024
Forecast of how market drivers, restraints, and future opportunities will affect the market dynamics
Segments and regions that will drive or lead market growth and why
Comprehensive mapping of the competitive landscape
In-depth analysis of key sustainability strategies adopted by market players
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 on COVID-19 Impacts
Frequently Asked Questions-
Based on segmentation by product, which is the leading segment in the market?
Smartphones are expected to be the leading segment based on product in the global market during the forecast period.
What are the major trends in the market?
Digital transformation is one of the major trends in the market.
At what rate is the market projected to grow?
Growing at a CAGR of over 4%, the incremental growth of the market is anticipated to be USD 4.58 billion.
Who are the top players in the market?
Analog Devices Inc., Broadcom Inc., Infineon Technologies AG, Intel 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.
What are the key market drivers and challenges?
Digital transformation is one of the major factors driving the market. However, the changing market dynamics due to US-China trade wars will restrain market growth.
How big is the APAC market?
The APAC region will contribute 75% of market growth.
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 NV, ON Semiconductor Corp., Renesas Electronics Corp., STMicroelectronics NV, and Texas Instruments Inc. are some of the major market participants. The digital transformation will offer immense growth opportunities. To make 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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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
Application Specific IC Market is segmented as below:
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:
Application Specific IC Market Size
Application Specific IC Market Trends
Application Specific IC Market Analysis
This study identifies 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
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist application specific IC market growth during the next five years
Estimation of the application specific IC market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the application specific IC market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of application specific IC market vendors
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019-2024
Five Forces Analysis
Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Product
Comparison by Product
Smartphones – Market size and forecast 2019-2024
TVs – Market size and forecast 2019-2024
PCs – Market size and forecast 2019-2024
Automotive – Market size and forecast 2019-2024
Others – Market size and forecast 2019-2024
Market opportunity by Product
Market Segmentation by Type (qualitative)
Standard cell based
APAC – Market size and forecast 2019-2024
North America – Market size and forecast 2019-2024
Europe – Market size and forecast 2019-2024
South America – Market size and forecast 2019-2024
MEA – Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Volume drivers – Demand led growth
Market positioning of vendors
Analog Devices Inc.
Infineon Technologies AG
Maxim Integrated Products Inc.
NXP Semiconductors NV
ON Semiconductor Corp.
Renesas Electronics Corp.
Texas Instruments Inc.
Scope of the report
Currency conversion rates for US$
List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.