The application specific integrated circuit market value is projected to grow from USD 265.2 billion in 2021 and is projected to reach USD 403.86 billion by 2030; it is expected to grow at a CAGR of 4.8% from 2021 to 2030.
The report contains 150+ pages with detailed analysis. The market report also covers the estimated market sizes and trends for different countries across major regions, globally.
An Application Specific Integrated Circuit is a custom-designed integrated circuit for a specific application or function. These Integrated Circuits (ICs) combine all of the electronic components into a single chip. These circuits can also combine the functions of numerous tiny and medium-sized integrated circuits that perform some functions individually on a single chip, allowing the entire system to be assimilated on a single chip to recognize system needs. These integrated circuits are utilized in a variety of industries, including automotive, telecommunications, electrical and electronics, and medicine.
Crucial factors accountable for market growth are:
- Rise in demand for smartphones and tablets.
- Growing usage of mechatronics in industrial and automotive applications.
- The surge in demand for consumer electronics devices.
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Report Scope of the Application Specific Integrated Circuit Market
| Report Highlights | Details |
| Market Size in 2030 | USD 403.86 Billion |
| Growth Rate | CAGR 4.8% From 2021 to 2030 |
| Largest Market | North America |
| Fastest Growing Market | Asia Pacific |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segmented Covered | Product, Application, Region |
Research Objective
the market revenue/volume with the help of widespread quantitative and qualitative insights, and forecasts of the market. This report presents breakdown of market into forthcoming and niche segments. Additionally, this research study gauges market revenue growth and its drift at global, regional, and country from 2017 to 2020. This research report evaluates application specific integrated circuit market on a global and regional level. It offers thorough analysis of market status, growth and forecast of the global application specific integrated circuit market for the period from 2017 to 2030. This research study offers historic data for years 2017 to 2020 along with a forecast from 2021 to 2030 based on value.
This report also provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the application specific integrated circuit market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.
Report Highlights
- The Semi-Custom ASIC product segment is expected to lead the market contributing more than 48.5% of the revenue share in the upcoming years.
- The Consumer Electronics Application segment of the Application Specific Integrated Circuit Market leads the market with a market share of more than 34% in 2020 and is estimated to grow significantly in the forecast period.
- By Geography, North America holds a significant share accounting for more than 21% revenue share in 2020 in the application specific integrated circuit market because the major market players in the region.
Market Dynamics
Driver – The consumer electronic application segment if the major end use industry of the Application Specific Integrated Circuit Market and the rise in demand for phones, tablets, laptops and other electronics products are anticipated to drive the market growth.
Restraint – The high cost of manufacturing customized circuits, circuit design costs, and functional reliability difficulties are the key restraints on the growth of the Application Specific Integrated Circuit Market.
Opportunity – Smaller, lighter, and better portable gadgets, such as tablets, smartphones, and upcoming IoT devices, have resulted from semiconductor shrinking and integration. This leads to the development of durable electronic gadgets, which is likely to create significant market growth potential.
Challenges – The complex design and the high manufacturing cost are the attributes that is expected to be a major challenge that is encountered by the market.
Recent Developments
- On 27th October 2021, the new XENSI TLE4972, developed by Infineon Technologies AG, is the company’s first vehicle current sensor. For precise and consistent current measurements, the coreless current sensor employs Infineon’s well-known Hall technology. Because of its compact design and diagnostic modes, the TLE4972 is well suited for xEV applications such as traction inverters in hybrid and battery-powered vehicles, as well as battery main switches.
- On 26th October 2021, Vehicles are becoming more vulnerable to cyberattacks as they get more electrified and connected, which can have significant implications. As a result, automobile makers must ensure that telematics data is adequately protected. As a result, Infineon Technologies AG has released the SLI37 automotive security controller, which is a simple-to-use and dependable trust anchor for safeguarding safety-critical automotive applications such as 5G-ready eUICC (eCall), V2X communication, car access, and SOTA updates.
- On 21st September 2021, The MAX77659 single-inductor multiple output (SIMO) power management IC (PMIC) with integrated switch-mode buck-boost charger charges wearables, hearables, and Internet of Things (IoT) devices quicker and in less space than any other PMIC now available, according to Analog Devices, Inc. The MAX77659 SIMO PMIC gives over four hours of play time after a rapid ten-minute charge and uses a single inductor to power multiple rails, reducing the bill of materials (BOM) by 60% and the total solution size by 50%.
Read Also: Passive and Interconnecting Electronic Components Market Value Statistics 2021-2030
Regional Snapshots
North America dominated the Application Specific Integrated Circuit Market contributing more than 21% in 2020 and is anticipated to grow significantly during the forecast period. This is because of the presence of major market players continuously investing heavily in research development activities for producing innovative products.
Key Companies Profiled
The global Application Specific Integrated Circuit Market is characterized by the presence of various small and big players. The major market players include Infineon Technologies AG; Semiconductor Components Industries, LLC; OmniVision Technologies; Tekmos Inc.; Seiko Epson Corporation; Socionext America Inc. and Intel Corporation. As the market is competitive in nature, the players are indulged in rapid adoption of advanced technologies to improve the performance and in raising their competitive share by means of strategic initiatives like mergers, new product and acquisitions.
Segments Covered in the Report
By Product
- Full Custom ASIC
- Semi-Custom ASIC
- Cell Based
- Array Based
- Programmable ASIC
By Application
- Telecommunication
- Industrial
- Automotive
- Consumer Electronics
- Others
By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Russia
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
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