London, 2 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the global ASSP market 2015-2019, which is expected to grow at a CAGR of 3.5% during the forecast period of 2014-2019.
Source: Technavio Research
Steady growth of the semiconductor wafer market is responsible for boosting growth prospects in the global ASSP market. Factors such as a rise in product development, declining cost per function of ICs, product miniaturization, and reduced product replacement cycle help to boost the demand for ASSPs. Also, improved durability of components, decreasing energy consumption, superior performance, enhanced quality, and efficient features instigate the global demand for ASSPs.
“Recently, manufacturers have begun using copper to connect transistors as it provides better electrical conductivity and a faster processing speed and improved performance. In the past, copper was not used as a primary material in connecting components such as transistors as it was more difficult to handle compared to aluminum,” says Faisal Ghaus, Vice President of Technavio.
“The latest semiconductor equipment allows chip manufacturers to handle copper with the same ease as aluminum. This trend is expected to contribute significantly to market growth during the forecast period.”
Key Market Drivers:
- Rising Demand for Smartphones and Tablets.
- Steady Growth of Consumer Electronics Industry.
- Increase in Product Development.
- Declining Cost per Function of ICs.
Key Market Trends:
- Short Replacement Cycle of Portable Electronic Devices.
- Product Miniaturization.
- Shift from Aluminum to Copper Interconnections.
- Increased R&D Spending.
Key Market Vendors:
- Analog Devices Inc.
- Infineon Technologies AG
- STMicroelectronics
- Texas Instruments Inc.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
