Market Overview 2022-2027:

The global application specific integrated circuit market size reached US$ 14.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 20.2 Billion by 2027, exhibiting a growth rate (CAGR) of 5.66% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

An application-specific integrated circuit (ASIC) refers to an integrated chip designed for performing specific functions in electronic devices. As a system-on-chip (SoC) it also integrates microprocessors and memory blocks, such as random-access memory (RAM), read-only memory (ROM) and flash memory. Some of the commonly used ASIC includes full custom, semi-custom cell-based, semi-custom array-based and programmable ASIC. In comparison to the traditionally used Field-Programmable Gate Array (FPGA), ASIC is more compact, has higher operational speed and performance capabilities and minimal power requirements. As a result, it finds extensive applications across various industries, including automotive, defense, electronics, telecommunications, healthcare and military.

Significant growth in the electronics industry is one of the key factors creating a positive outlook for the market. ASIC is widely used in consumer electronics, such as smartphones, smartwatches, digital cameras, televisions, laptops, gaming consoles and tablets, as it can integrate both analog and digital functions of small- and medium-sized chips of the device. In line with this, the miniaturization of semiconductors to manufacture more compact, lighter and portable devices is also contributing to the market growth. Additionally, various technological advancements, such as the integration of connected devices with the Internet-of-Things (IoT), big data, cloud computing and artificial intelligence (AI), are acting as other growth-inducing factors. These technologies assist in performing diverse functions, including environmental monitoring, automotive emission control and operating personal digital assistants. Other factors, including the increasing adoption of mechatronics across industries, along with extensive research and development (R&D) activities, are anticipated to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global application specific integrated circuit market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type and application.

Breakup by Product Type:

• Full Custom ASIC
• Semi-Custom ASIC (Cell Based)
• Semi-Custom ASIC (Array Based)
• Programmable ASIC
   

Breakup by Application:

• Telecommunication
• Automotive
• Consumer Electronics
• Others
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Analog Devices Inc., Infineon Technologies AG, Intel Corporation, Maxim Integrated Products Inc., NXP Semiconductors N.V, ON Semiconductor, Qualcomm Incorporated, Renesas Electronics Corporation, STMicroelectronics N.V and Texas Instruments Incorporated.

Report Coverage:

Key Questions Answered in This Report:

• How has the global application specific integrated circuit market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global application specific integrated circuit market?
• What are the key regional markets?
• What is the breakup of the market based on the product type?
• What is the breakup of the market based on the application?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global application specific integrated circuit market and who are the key players?
• What is the degree of competition in the industry?