Application specific integrated circuit (ASIC) market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with the CAGR of 8.1% in the forecast period of 2022 to 2029 and expected to reach USD 30,092.96 million by 2029.
The global Application Specific Integrated Circuit (ASIC) Market research report 2029, as published by Data bridge Market Research, provides insights into the current global outlook and key regions, examining Major Players, Countries, Product Types, and end industries. It focuses on top players in the global market and categorizes the market based on several parameters.
This Application Specific Integrated Circuit (ASIC) market research report identifies the competitive landscape of industries, offering a comprehensive understanding of international competition. The study outlines the anticipated growth of the global market during forecast period. Compiled with a blend of static and dynamic perspectives, this research report captures the essence of the businesses views.
Top Companies in the Global Application Specific Integrated Circuit (ASIC) Market:
Texas Instruments Incorporated, Analog Devices, Inc., Renesas Electronics Corporation, Honeywell International Inc., Maxim Integrated, Lattice Semiconductor, Microchip Technology Inc., QuickLogic Corporation, Avnet Asic Israel Ltd., Cobham Limited, Socionext Inc., Semiconductor Components Industries, LLC, NXP Semiconductors, Qualcomm Technologies, Inc., MegaChips Corporation, EnSilica, Intel Corporation, Infineon Technologies AG, Xilinx, Achronix Semiconductor Corporation, GOWIN Semiconductor, among others.
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Market Segmentation:
Application specific integrated circuit (ASIC) market is segmented on the basis of design type, programming technology and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
• Based on design type, the global application specific integrated circuit (ASIC) market is segmented into semi-custom, programmable and full custom. In 2022, semi-custom is expected to dominate in design type segment as with rapid adoption AI technologies and advanced sensor capabilities in autonomous vehicle or smart vehicle is hoisting the adoption of semi-custom ASIC design types. These semi-custom chips are broadly used as offer various feature such as less complexity, easy tailor/design, cost effective, better electrical performance, provide good control and other, therefore it is leading the market.
• Based on programming technology, the global application specific integrated circuit (ASIC) market is segmented into static RAM, antifuse, EEPROM, EPROM and others. In 2022, static-RAM is expected to dominate the programming technology segment as these RAM’s are widely used in high-speed registers, caches and used in graphics card. Due to upsurge in demands for cellular, IoT, AI, and big data analytics devices is heaving the adoption of static-RAM in such technologies, therefore it is dominating the market.
• Based on application, the global application specific integrated circuit (ASIC) market is segmented into consumer electronics, IT & telecommunication, data center & computing, medical, industrial, automotive and multimedia. In 2022, consumer electronics is expected to dominate the application segment of the market as with constant advancement in technology various new consumer electronics are out in the market which are adopted by the consumer. This wide adoption is encouraging semiconductor companies to constantly develop innovative and up-to-date consumer products. Some of the widely used consumer electronic devices in trend are notebooks, tablets, headphones, TVs, and smart wearables, this in fact is major reason for the dominance in the market.
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
– Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
– North America (United States, Mexico & Canada)
– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Market Dynamics:
An application-specific integrated circuit (ASIC) is an IC chip that is tailored to a specific application rather than being designed for broad usage. An ASIC is, for example, a chip that runs in a digital voice recorder or a high-efficiency video encoder (such as AMD VCE). Application-specific standard product (ASSP) chips are a middle ground between ASICs and industry-standard integrated circuits such as the 7400 or 4000 series. As MOS integrated circuit chips, ASIC chips are generally produced using metal-oxide-semiconductor (MOS) technology. The greatest complexity (and hence usefulness) available in an ASIC has expanded from 5,000 logic gates to over 100 million as feature sizes have dropped and design tools have improved over time. Microprocessors, memory blocks such as ROM, RAM, EEPROM, flash memory, and other significant building blocks are frequently included in modern ASICs. A SoC is a common moniker for such an ASIC (system-on-chip). A hardware description language (HDL), such as Verilog or VHDL, is frequently used by designers of digital ASICs to define the functioning of ASICs.
The major factors driving the growth of the application specific integrated circuit (ASIC) market are growing demand for smartphones and tablets and increasing demand from smart consumer devices. Utilizing ASIC technologies for powering AI and upsurge in adoption of mechatronics for automotive applications is creating opportunities for the growth of the market. ASICS vulnerability towards security attacks/cyber-attacks is acting as the major restraint for application specific integrated circuit (ASIC) market. Complexity involved in designing and fabrication of application specific circuits is acting as a major challenge for the growth of the market.
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Strategic Points from Table of Content:
– Market Summary
– Economic Impact Competition Analysis by Players
– Production, Revenue (Value) by geographical segmentation
– Application Specific Integrated Circuit (ASIC) Market Size by Type and Application
– Regional Market Status and Outlook
– Application Specific Integrated Circuit (ASIC) Market Analysis and Outlook
– Application Specific Integrated Circuit (ASIC) Market Forecast by Region, Type, and Application
– Cost Investigation, Market Dynamics
– Marketing Strategy comprehension, Distributors and Traders
– Market Effect Factor Analysis
– Research Finding/ Conclusion
– Appendix
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