Application Specific Integrated Circuit Asic Market
Application Specific Integrated Circuit (ASIC) Market Forecasts to 2030 - Global Analysis By Type (Full-Custom ASIC, Semi-Custom ASIC and Programmable ASIC), Application (Artificial Intelligence and Machine Learning, Data Processing and Storage, Signal Processing and Other Applications), End User and By Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $18.4 BN |
|
Projected Year Value (2030) |
US $28.5 BN |
|
CAGR (2024-2030) |
7.6% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Application Specific Integrated Circuit (ASIC) Market is accounted for $18.4 billion in 2024 and is expected to reach $28.5 billion by 2030, growing at a CAGR of 7.6% during the forecast period. Application-specific integrated circuit (ASIC) is a specially made microchip intended for a single purpose as opposed to general usage. These circuits are designed to maximize functionality, efficiency, and performance for specific tasks like machine learning, cryptography, and digital signal processing. ASICs offer lower power consumption, increased speed, and smaller size. They are extensively utilized in automotive systems, consumer electronics, telecommunications, and specialized computing environments.
According to Gartner, worldwide semiconductor revenue grew 25.1% in 2021 to total $583.5 billion, with strong growth in segments like 5G smartphones that rely heavily on ASICs.
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Market Dynamics:
Driver:
Rising demand for consumer electronics
The increasing demand for consumer electronics, particularly smartphones, smartwatches, and tablets, is driving the growth of the ASIC market. ASICs are essential components in these devices, providing specialized functionality and improved energy efficiency. As consumer electronics continue to evolve and incorporate more advanced features, the demand for ASICs is expected to rise, fueling market growth.
Restraint:
High development costs
The high costs associated with ASIC development and production pose a significant restraint to market growth. Designing and manufacturing ASICs requires substantial investments in research, development, and specialized equipment. These high costs can be prohibitive for smaller companies and may limit the adoption of ASICs in certain applications, potentially slowing market expansion.
Opportunity:
Expansion in IoT devices
The rapid growth of the Internet of Things (IoT) presents a significant opportunity for the ASIC market. As IoT devices become more prevalent across various industries, the demand for specialized, energy-efficient chips is increasing. ASICs can provide tailored solutions for IoT applications, offering improved performance and power efficiency compared to general-purpose processors. This expanding market segment offers substantial growth potential for ASIC manufacturers.
Threat:
Competition from FPGAs and GPUs
The ASIC market faces competition from alternative chip technologies, particularly field-programmable gate arrays (FPGAs) and graphics processing units (GPUs). These technologies offer flexibility and programmability, which can be advantageous in certain applications. As FPGAs and GPUs continue to improve in performance and energy efficiency, they may pose a threat to ASIC adoption in some market segments, potentially impacting overall market growth.
Covid-19 Impact:
The COVID-19 pandemic initially disrupted the ASIC market due to supply chain interruptions and reduced consumer spending. However, the increased reliance on digital technologies during lockdowns accelerated the demand for electronic devices, ultimately benefiting the ASIC market. The pandemic also highlighted the importance of robust supply chains, leading to efforts to diversify and strengthen semiconductor manufacturing capabilities globally.
The consumer electronics segment is expected to be the largest during the forecast period
The consumer electronics segment is predicted to secure the largest market share throughout the forecast period. This dominance can be attributed to the widespread adoption of ASICs in smartphones, tablets, smartwatches, and other consumer devices. ASICs enable these products to offer advanced features, improved performance, and enhanced energy efficiency. The continuous innovation in consumer electronics and the increasing integration of AI and IoT capabilities further drive the demand for specialized ASICs in this segment.
The full-custom ASIC segment is expected to have the highest CAGR during the forecast period
The full-custom ASIC segment is projected to have the highest CAGR in the ASIC market during the extrapolated period. Full-custom ASICs offer the highest level of customization and performance optimization, making them ideal for applications requiring maximum efficiency and functionality. The growing demand for specialized chips in emerging technologies such as AI, 5G, and autonomous vehicles is driving the rapid growth of this segment. Additionally, advancements in design tools and manufacturing processes are making full-custom ASICs more accessible to a broader range of companies.
Region with largest share:
The Asia Pacific region is projected to account for the largest market share during the forecast period. This dominance is attributed to the region's strong presence in consumer electronics manufacturing, particularly in countries like China, Japan, and South Korea. The increasing demand for energy-efficient devices, rapid smartphone adoption, and ongoing digitalization efforts contribute to the region's market leadership. Additionally, the presence of major semiconductor companies and consumer electronics giants further fuels the growth of the ASIC market in Asia Pacific.
Region with highest CAGR:
The North America region is projected to achieve the highest CAGR during the forecast period. This growth is driven by the widespread adoption of IoT technologies, the emergence of 5G networks, and significant advancements in consumer electronics, healthcare monitoring systems, and electric vehicles. The presence of numerous ASIC manufacturers and solution providers, coupled with early adoption of ASIC technology, positions North America for rapid market expansion. The region's focus on innovation and technological leadership in areas such as AI and autonomous systems further accelerates ASIC market growth.
Key players in the market
Some of the key players in Application Specific Integrated Circuit (ASIC) Market include Infineon Technologies AG, STMicroelectronics, Texas Instruments Inc., NXP Semiconductors N.V., ON Semiconductor Corporation, Analog Devices, Inc., Intel Corporation, NVIDIA Corporation, Qualcomm Technologies, Inc., Broadcom Inc., Renesas Electronics Corporation, Microchip Technology Inc., Xilinx, Inc., Marvell Technology Group Ltd., GlobalFoundries, Faraday Technology Corporation, and OmniVision Technologies, Inc.
Key Developments:
In September 2024, STMicroelectronics has unveiled a new generation of silicon carbide power technology tailored for next-generation EV traction inverters. The company plans to introduce multiple silicon carbide technology innovations through 2027, including a radical innovation. This development is relevant to ASICs as it represents advancements in specialized integrated circuits for automotive applications.
In May 2024, Infineon has opened the world’s largest and most efficient 200-millimeter silicon carbide (SiC) power semiconductor fab in Kulim, Malaysia.
In May 2024, NVIDIA has confirmed its entry into the ASIC market. CEO Jensen Huang announced that Nvidia will start doing ASIC chip designs. This move is significant as it expands Nvidia's offerings beyond GPUs and into the ASIC space, potentially competing with its current customers.
Types Covered:
• Full-Custom ASIC
• Semi-Custom ASIC
• Programmable ASIC
Applications Covered:
• Artificial Intelligence and Machine Learning
• Data Processing and Storage
• Signal Processing
• Cryptography and Security
• Image and Video Processing
• Internet of Things (IoT)
• Blockchain and Cryptocurrency Mining
• Other Applications
End Users Covered:
• IT and Telecommunication
• Consumer Electronics
• Automotive
• Industrial Automation
• Healthcare and Medical Devices
• Aerospace and Defense
• Energy and Power
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Application Specific Integrated Circuit (ASIC) Market, By Type
5.1 Introduction
5.2 Full-Custom ASIC
5.3 Semi-Custom ASIC
5.3.1 Gate Array Based
5.3.2 Standard Cell Based
5.4 Programmable ASIC
5.4.1 Field-Programmable Gate Array (FPGA)
5.4.2 Programmable Logic Device (PLD)
6 Global Application Specific Integrated Circuit (ASIC) Market, By Application
6.1 Introduction
6.2 Artificial Intelligence and Machine Learning
6.3 Data Processing and Storage
6.4 Signal Processing
6.5 Cryptography and Security
6.6 Image and Video Processing
6.7 Internet of Things (IoT)
6.8 Blockchain and Cryptocurrency Mining
6.9 Other Applications
7 Global Application Specific Integrated Circuit (ASIC) Market, By End User
7.1 Introduction
7.2 IT and Telecommunication
7.3 Consumer Electronics
7.4 Automotive
7.5 Industrial Automation
7.6 Healthcare and Medical Devices
7.7 Aerospace and Defense
7.8 Energy and Power
7.9 Other End Users
8 Global Application Specific Integrated Circuit (ASIC) Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Infineon Technologies AG
10.2 STMicroelectronics
10.3 Texas Instruments Inc.
10.4 NXP Semiconductors N.V.
10.5 ON Semiconductor Corporation
10.6 Analog Devices, Inc.
10.7 Intel Corporation
10.8 NVIDIA Corporation
10.9 Qualcomm Technologies, Inc.
10.10 Broadcom Inc.
10.11 Renesas Electronics Corporation
10.12 Microchip Technology Inc.
10.13 Xilinx, Inc.
10.14 Marvell Technology Group Ltd.
10.15 GlobalFoundries
10.16 Faraday Technology Corporation
10.17 OmniVision Technologies, Inc.
List of Tables
1 Global Application Specific Integrated Circuit (ASIC) Market Outlook, By Region (2022-2030) ($MN)
2 Global Application Specific Integrated Circuit (ASIC) Market Outlook, By Type (2022-2030) ($MN)
3 Global Application Specific Integrated Circuit (ASIC) Market Outlook, By Full-Custom ASIC (2022-2030) ($MN)
4 Global Application Specific Integrated Circuit (ASIC) Market Outlook, By Semi-Custom ASIC (2022-2030) ($MN)
5 Global Application Specific Integrated Circuit (ASIC) Market Outlook, By Gate Array Based (2022-2030) ($MN)
6 Global Application Specific Integrated Circuit (ASIC) Market Outlook, By Standard Cell Based (2022-2030) ($MN)
7 Global Application Specific Integrated Circuit (ASIC) Market Outlook, By Programmable ASIC (2022-2030) ($MN)
8 Global Application Specific Integrated Circuit (ASIC) Market Outlook, By Field-Programmable Gate Array (FPGA) (2022-2030) ($MN)
9 Global Application Specific Integrated Circuit (ASIC) Market Outlook, By Programmable Logic Device (PLD) (2022-2030) ($MN)
10 Global Application Specific Integrated Circuit (ASIC) Market Outlook, By Application (2022-2030) ($MN)
11 Global Application Specific Integrated Circuit (ASIC) Market Outlook, By Artificial Intelligence and Machine Learning (2022-2030) ($MN)
12 Global Application Specific Integrated Circuit (ASIC) Market Outlook, By Data Processing and Storage (2022-2030) ($MN)
13 Global Application Specific Integrated Circuit (ASIC) Market Outlook, By Signal Processing (2022-2030) ($MN)
14 Global Application Specific Integrated Circuit (ASIC) Market Outlook, By Cryptography and Security (2022-2030) ($MN)
15 Global Application Specific Integrated Circuit (ASIC) Market Outlook, By Image and Video Processing (2022-2030) ($MN)
16 Global Application Specific Integrated Circuit (ASIC) Market Outlook, By Internet of Things (IoT) (2022-2030) ($MN)
17 Global Application Specific Integrated Circuit (ASIC) Market Outlook, By Blockchain and Cryptocurrency Mining (2022-2030) ($MN)
18 Global Application Specific Integrated Circuit (ASIC) Market Outlook, By Other Applications (2022-2030) ($MN)
19 Global Application Specific Integrated Circuit (ASIC) Market Outlook, By End User (2022-2030) ($MN)
20 Global Application Specific Integrated Circuit (ASIC) Market Outlook, By IT and Telecommunication (2022-2030) ($MN)
21 Global Application Specific Integrated Circuit (ASIC) Market Outlook, By Consumer Electronics (2022-2030) ($MN)
22 Global Application Specific Integrated Circuit (ASIC) Market Outlook, By Automotive (2022-2030) ($MN)
23 Global Application Specific Integrated Circuit (ASIC) Market Outlook, By Industrial Automation (2022-2030) ($MN)
24 Global Application Specific Integrated Circuit (ASIC) Market Outlook, By Healthcare and Medical Devices (2022-2030) ($MN)
25 Global Application Specific Integrated Circuit (ASIC) Market Outlook, By Aerospace and Defense (2022-2030) ($MN)
26 Global Application Specific Integrated Circuit (ASIC) Market Outlook, By Energy and Power (2022-2030) ($MN)
27 Global Application Specific Integrated Circuit (ASIC) Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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