Global Application Specific Integrated Circuit Market is valued approximately USD 16.1 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 5.90% over the forecast period 2024-2032. An Application-Specific Integrated Circuit (ASIC) is a type of integrated circuit (IC) that is custom-designed for a particular use or application, rather than being intended for general-purpose use. ASICs are tailored to meet the specific requirements of a particular task, making them highly efficient and optimized for their intended function. Also, the proliferation of smart devices, including smartphones, wearables, and home automation products, is driving the demand for custom-designed ASICs that offer optimized performance and power efficiency. Thus, this trend is anticipated to create the demand for Global Application Specific Integrated Circuit Market during forecast period 2024-2032.
Moreover, the proliferation of smartphones, tablets, and other consumer electronic devices has significantly boosted the demand for ASICs. These circuits are essential for enhancing device performance and efficiency, leading to widespread adoption. Also, the automotive sector is increasingly incorporating advanced electronics for autonomous driving, electric vehicles, and infotainment systems. ASICs are critical in these applications for their ability to provide high performance and reliability under stringent automotive standards. Additionally, other factors support the market growth are expanding IoT ecosystem, growing demand for data centers and the increasing use of AI and machine learning that anticipated to create the lucrative demand for the market. However, the high production costs, and shortage skilled workforce are expected to hinder the Global Application Specific Integrated Circuit Market growth during the forecast period 2024-2032.
The key regions considered for the Global Application Specific Integrated Circuit Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, Asia Pacific was the largest regional market in terms of revenue and is expected to grow at the highest CAGR during the forecast period 2024-2032. The significant growth of ASICs in the Asia Pacific region is fueled by several factors. Also, there's a growing demand for energy-efficient devices due to rapid economic growth and industrialization. The proliferation of smartphones, especially in countries such as China, Japan, and India, is a major contributor. Furthermore, ongoing digitization, high-tech gadget adoption, advancements in automotive electronics, and the need for miniaturization have collectively propelled market expansion. These trends create a favorable environment for ASIC growth, driven by the region's evolving technological landscape and increasing consumer demands.
Major market player included in this report are:
- Broadcom Inc
- STMicroelectronics
- Faraday Technology Corporation
- Infineon Technologies AG
- Intel Corporation
- OmniVision Technologies, Inc.
- Semiconductor Components Industries, LLC
- Seiko Epson Corporation
- Socionext America Inc.
- Tekmos Inc.
The detailed segments and sub-segment of the market are explained below:
By Product Type
- Full Custom ASIC
- Semi-custom ASIC
- Programmable ASIC
By Application
- Telecommunication
- Industrial
- Automotive
- Consumer Electronics
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- RoMEA
Years considered for the study are as follows:
- Historical year - 2022
- Base year - 2023
- Forecast period - 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional level analysis for each market segment.
- Detailed analysis of geographical landscape with Country level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of competitive structure of the market.
- Demand side and supply side analysis of the market
Table of Contents
Chapter 1. Global Application Specific Integrated Circuit Market Definition and Research Assumptions
- 1.1. Research Objective
- 1.2. Market Definition
- 1.3. Research Assumptions
- 1.3.1. Inclusion & Exclusion
- 1.3.2. Limitations
- 1.3.3. Supply Side Analysis
- 1.3.3.1. Availability
- 1.3.3.2. Infrastructure
- 1.3.3.3. Regulatory Environment
- 1.3.3.4. Market Competition
- 1.3.3.5. Economic Viability (Consumer's Perspective)
- 1.3.4. Demand Side Analysis
- 1.3.4.1. Regulatory frameworks
- 1.3.4.2. Technological Advancements
- 1.3.4.3. Environmental Considerations
- 1.3.4.4. Consumer Awareness & Acceptance
- 1.4. Estimation Methodology
- 1.5. Years Considered for the Study
- 1.6. Currency Conversion Rates
Chapter 2. Executive Summary
- 2.1. Global Application Specific Integrated Circuit Market Size & Forecast (2022- 2032)
- 2.2. Regional Summary
- 2.3. Segmental Summary
- 2.3.1. By Product Type
- 2.3.2. By Application
- 2.4. Key Trends
- 2.5. Recession Impact
- 2.6. Analyst Recommendation & Conclusion
Chapter 3. Global Application Specific Integrated Circuit Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Challenges
- 3.3. Market Opportunities
Chapter 4. Global Application Specific Integrated Circuit Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top investment opportunity
- 4.4. Top winning strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Application Specific Integrated Circuit Market Size & Forecasts by Product Type 2022-2032
- 5.1. Full Custom ASIC
- 5.2. Semi-custom ASIC
- 5.3. Programmable ASIC
Chapter 6. Global Application Specific Integrated Circuit Market Size & Forecasts by Application 2022-2032
- 6.1. Telecommunication
- 6.2. Industrial
- 6.3. Automotive
- 6.4. Consumer Electronics
- 6.5. Others
Chapter 7. Global Application Specific Integrated Circuit Market Size & Forecasts by Region 2022-2032
- 7.1. North America Application Specific Integrated Circuit Market
- 7.1.1. U.S. Application Specific Integrated Circuit Market
- 7.1.1.1. Product Type breakdown size & forecasts, 2022-2032
- 7.1.1.2. Application breakdown size & forecasts, 2022-2032
- 7.1.2. Canada Application Specific Integrated Circuit Market
- 7.2. Europe Application Specific Integrated Circuit Market
- 7.2.1. U.K. Application Specific Integrated Circuit Market
- 7.2.2. Germany Application Specific Integrated Circuit Market
- 7.2.3. France Application Specific Integrated Circuit Market
- 7.2.4. Spain Application Specific Integrated Circuit Market
- 7.2.5. Italy Application Specific Integrated Circuit Market
- 7.2.6. Rest of Europe Application Specific Integrated Circuit Market
- 7.3. Asia-Pacific Application Specific Integrated Circuit Market
- 7.3.1. China Application Specific Integrated Circuit Market
- 7.3.2. India Application Specific Integrated Circuit Market
- 7.3.3. Japan Application Specific Integrated Circuit Market
- 7.3.4. Australia Application Specific Integrated Circuit Market
- 7.3.5. South Korea Application Specific Integrated Circuit Market
- 7.3.6. Rest of Asia Pacific Application Specific Integrated Circuit Market
- 7.4. Latin America Application Specific Integrated Circuit Market
- 7.4.1. Brazil Application Specific Integrated Circuit Market
- 7.4.2. Mexico Application Specific Integrated Circuit Market
- 7.4.3. Rest of Latin America Application Specific Integrated Circuit Market
- 7.5. Middle East & Africa Application Specific Integrated Circuit Market
- 7.5.1. Saudi Arabia Application Specific Integrated Circuit Market
- 7.5.2. South Africa Application Specific Integrated Circuit Market
- 7.5.3. Rest of Middle East & Africa Application Specific Integrated Circuit Market
Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. Broadcom Inc.
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financial (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. Market Strategies
- 8.3.2. STMicroelectronics
- 8.3.3. Faraday Technology Corporation
- 8.3.4. Infineon Technologies AG
- 8.3.5. Intel Corporation
- 8.3.6. OmniVision Technologies, Inc.
- 8.3.7. Semiconductor Components Industries, LLC
- 8.3.8. Seiko Epson Corporation
- 8.3.9. Socionext America Inc.
- 8.3.10. Tekmos Inc.
Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes