Industry Analysis of Application Specific Integrated Circuit (ASIC): Emerging Trends And Strong Application Scope By 2018 - 2026
The global application specific integrated circuits market was valued at US$ 15,120.9 Mn in 2016 and is projected to register compound annual growth rate (CAGR) of over 8.4% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled “ Application Specific Integrated Circuits Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026. ” This is mainly due to increase in demand for application specific integrated circuits in smartphones and tablets across the globe, leading to the robust growth of the application specific integrated circuits market. Moreover, rising demand for application specific integrated circuits in industrial electronics, medical electronics, military electronics, aerospace electronics, and power electronics are also expected to have a significant impact on the global application specific integrated circuits market. Initiatives taken by different companies to increase system...