Application Specific Integrated Circuit (ASIC) Market to Reach $ 34.49 Bn by 2031: TMR Study
The application specific integrated circuit (ASIC) market is forecast to advance at a CAGR of 8.3% from 2022 to 2031.
- The application specific integrated circuit (ASIC) market is forecast to advance at a CAGR of 8.3% from 2022 to 2031.
- Growing use in maritime security will generate lucrative demand for products in application specific integrated circuit (ASIC) market.
- Application Specific Integrated Circuit (ASIC) Market: Key Drivers
Consistently growing demand for ICs with high performance and low power consumption in consumer electronics is a key driver of the application specific integrated circuit (ASIC) market. - Application Specific Integrated Circuit (ASIC) Market: Competition Landscape
The TMR study found that relatively few vendors largely control the dynamics of demand and supply in the application specific integrated circuit market, rendering the landscape highly consolidated.