The Application Specific Integrated Circuit (ASIC) market report endows with an exhaustive overview of product specification, technology, product type and production analysis considering major factors such as revenue, costing, and gross margin. Application Specific Integrated Circuit (ASIC) report also studies the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors with the Porter’s Five Forces analysis. Thus, the transparent, trustworthy and extensive market information and data included in this report will definitely help develop business and improve return on investment (ROI). The market drivers and restraints have been described thoroughly using SWOT analysis.
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.
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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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This Application Specific Integrated Circuit (ASIC) market research report also provides an analytical measurement of the main challenges faced by the business currently and in the upcoming years. Market analysis, market definition, currency and pricing, key developments and market categorization along with detailed research methodology are the key factors of this market report. The market analysis of Application Specific Integrated Circuit (ASIC) market report provides an examination of various market segments that are supposed to witness the fastest development amid the estimated forecast frame. The Application Specific Integrated Circuit (ASIC) report presents the data and information for actionable, most modern and real-time market insights which makes it easy to go for critical business decisions.
The global Application Specific Integrated Circuit (ASIC) market report gives information about key market players.
Key players revenues in global Application Specific Integrated Circuit (ASIC) market, (US$ Mn)
Major company’s revenues share in global Application Specific Integrated Circuit (ASIC) market, (%)
The report delivers trends, barriers, as well as challenges that could affect the development of the global Application Specific Integrated Circuit (ASIC) market.
Leading players of Application Specific Integrated Circuit (ASIC) Market include:
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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Global Application Specific Integrated Circuit (ASIC) Market Scope and Market Size
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.
Global Application Specific Integrated Circuit (ASIC) Market Country Level Analysis
Global application specific integrated circuit (ASIC) market is analysed and market size information is provided by country, design type, programming technology and application.
The countries covered in global application specific integrated circuit (ASIC) market report are U.S., Canada, Mexico in North America, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, Rest of Europe in Europe, China, Japan, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, rest of Asia-Pacific (APAC) in Asia Pacific (APAC), South Africa, Saudi Arabia, U.A.E., Egypt, Israel, rest of Middle East and Africa (MEA) in Middle East and Africa (MEA), Brazil, Argentina, rest of South America in South America.
In 2022, Asia-Pacific is anticipated to dominate the global application-specific integrated circuit (ASIC) market with a market share of 36.48% as the region has strong presence of major semiconductor manufacturing hub in developing countries such as China, Japan and South Korea. Also, China produces the most number of chips globally. Moreover, increasing penetration of smartphones, increasing demand for energy-efficient devices, increasing penetration of high-tech gadgets, development of automotive electronics, increased requirement of miniaturization, growing digitization, economic development, rapid industrialization is some of the factors which will continue to positively impact the demand for ASIC in the Asia-Pacific region.
China accounted for maximum share in the application specific integrated circuit (ASIC) market as it is the highest chip producing country globally. U.S. has large number of local players. Germany has witnessed high growth due to large number of adoption of application specific integrated circuit (ASIC) in the region.
The country section of the application specific integrated circuit (ASIC) market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
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