Application Specific Standard Product (ASSP) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

Application Specific Standard Product (ASSP) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

  • Transparency Market Research
  • Ongoing
  • Semiconductors

Report Description

Application specific standard product (ASSP) is an integrated circuit used for a specific product in multiple units. These products consist of embedded programmable logic, mixed-signal, analog products as well as digital products. General purpose of ASSP integrated circuits is to cater to a wide range of applications. These circuits are used in several system-design houses across the globe. The market is expected to witness steady growth during the forecast period. The anticipated increase in demand for consumer electronics is anticipated to affect the demand for ASSP positively in the next few years. For providing detailed overview of the ASSP market, it has been segmented on the basis of applications and geographies. On the basis of applications, the market can be segmented into: communications, automotive, consumer electronics, computers, industrial applications, and others. Geographically, the ASSP market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

Use of ASSP in consumer electronics makes them highly cost-effective and efficient. Such beneficial features along with increasing usage are expected to dominate the market during forecast period. ASSP provides images with high quality. Such beneficial features made the innovation of the global smart Television, high resolution DSLR camera and smart phones is driving the opportunities for universal ASSP market. ASSPs are consolidated circuits that can perform audio and/or video de-coding and/or encoding. Short replacement cycle (SRC) of portable electronic devices increases the demand for consumer electronic devices, which is anticipated to drive the ASSP market. The automotive industry has been enjoying a period of relatively stronger profitability and growth worldwide. This is the most important factor driving the global application specific standard product market. Fueled by demand from carriers and data center technology is the most important factor driving the market opportunities for the global ASSP market. In addition, rising demand from the mobile phones & tablets industry is driving the global ASSP market. Local producers are introducing tablets and mobile phones. This market expansion is expected to augment the demand for ASSP during the forecast period. Things are more closely, smart-home applications such as automated lighting and heating growing demand in the market. This in turn has boosted the demand of these technology to a great extent in the global market. 

However, high capital investment in the semiconductors industry is anticipated to limit several manufacturers from entering the ASSP market. This is estimated to hamper the growth of the ASSP market during the forecast period. 

Geographically, in terms of revenue, North America held the major share in the global application specific standard product market in 2015. In Asia Pacific, China and India hold the leading share of the market in the region, due to growing consumer preference to electronic products and automation. The U.S. is the main hub for R&D (research and development) activities that take place in the semiconductors industry, which is opportunities for growing these market in future. Owing to significant growth in the electronics segment in China, India, the U.S., and Japan, the countries are major emerging markets for ASSP. Ever-changing consumer needs in the electronics industry is a key factor influencing the market for application specific standard product. The advancement of medical technology equipment may also act as a driving factor for the market.

The application specific standard product market is characterized by presence of numerous key players. These companies include NXP Semiconductors (Netherlands), Infineon (Germany), Skyworks Solutions (the U.S.), Linear Technology (the U.S.), Renesas Electronic (Japan), ON Semiconductor (the U.S.), Melexis (Belgium), STMicroelectronics (Switzerland), Texas Instruments (the U.S.), Toshiba (Japan),, and Maxim Integrated Products (U.S).

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market 

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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