Application Specific Integrated Circuit (ASIC) Market : Emerging Niche Segments and Regional Markets

Albany, NY -- (SBWIRE) -- 03/16/2017 -- The demand for application specific integrated circuits (ASIC) has significant soared due to their widening applications. Today they are being extensively used in smartphones and tablets due to the rising demand for bandwidth. The report states that the global ASIC market was valued at US$16.29 bn in 2015 and is expected to be worth US$35.23 bn by the end of 2024. During the forecast years of 2016 and 2024, the global market is projected to expand at a CAGR of 9.2% between 2016 and 2024.