The global programmable application specific integrated circuit market is expected to grow at a significant CAGR during the forecast period. Application-Specific Integrated Circuits, are non-standard integrated circuits that have been created for a specific usage or application, as the name implies. In most cases, an ASIC is designed for a product with a high production run, and the ASIC may include a substantial portion of the electronics required on a single integrated circuit. As it might expect, the cost of an ASIC design is considerable, therefore they're usually reserved for large-volume products. Larger power dissipation, quicker speeds, and higher pin counts, as well as smaller footprints and lower profiles, are continuously demanded in the consumer electronics industry. Smaller, lighter, and better portable gadgets, such as tablets, smartphones, and future IoT devices, have resulted from the downsizing and integration of semiconductors.

The consumer electronics segment's need for programmable ASICs is being boosted by the fast-growing demand for smartphones, tablets, and other mobile devices throughout the globe. Some of the reasons that are positively affecting the market's growth include the accelerated speed of new product development, falling cost per function of ICs and their rising functionality, and reduced product replacement cycles. Increasing adoption of smartphones and technological advancement will drive the global programmable application specific integrated circuit market growth.

In September 2018, Renesas Electronics Corp., a leading provider of innovative semiconductor solutions, has announced a strategic partnership with Alibaba Cloud, a subsidiary of Alibaba Group Holding Inc. that will enable the Internet of Things (IoT) developers to help China's IoT industry grow faster.

Market Coverage

• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered- 

o By Design Type

o By Application

• Competitive Landscape- Texas Instruments Inc., STMicroelectronics N.V., Infineon Technologies AG, Qualcomm Inc., ON Semiconductor, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominates the market in base year?
• Which segment and region will project fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from pre-COVID forecast

o Most affected region and segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Programmable Application Specific Integrated Circuit Market by Segments

• By Design Type

o Full Custom

o Semi-custom

o Programmable

• By Application

o Telecommunication

o Consumer Electronics

o Automotive

o Industrial

o Others

Global Programmable Application Specific Integrated Circuit Market by Region