Global Application Specific Integrated Circuit Market Report, Ongoing Trends, Growth Factors, Negative Factors, Opportunities, Untapped Markets, Strategies And Developments, Product Segments, And Forecast 2020 – 2029

  • TBI12159
  • May 28, 2022
  • Global
  • 200 pages
  • IFF Market Research
                                              

Global Application Specific Integrated Circuit Market 2021: By Type (Full Custom ASIC, Semi-Custom ASIC, Standard Cell Based ASIC, Gate Array Based ASIC, Programmable ASIC), By End-use Industry (Consumer Electronics, Telecommunication, Healthcare, Industrial, Automotive)

Global Application Specific Integrated Circuit Market Applications, Trends, Growth Rate, and Global Market Forecast to 2029” is a recent report offered by Trusted Business Insights. The report comprises numerical data as well as qualitative information. The report focuses on global market value for the next 10 years and revenue growth rate, as well as revenue share and growth rate of each of the segments, regions, and countries over the next 10 years. Estimations and projections in terms of revenue and growth rates have been made by keeping historic and present scenarios and data in mind. In addition, insights and facts given by experts in the field have been firmly taken into consideration. Primary and secondary research including interviews have been conducted for preparation of the report and to provide data of high accuracy. The global application specific integrated circuit market is segmented on the basis of type, end-use industry, and region.Request Covid - 19 Impact The Global The Global Application Specific Integrated Circuit market size was valued at USD $21.08 Billion in 2020, USD $22.5 Billion in 2021, forecasted to reach USD $24 Billion in 2022, and is projected to reach USD $42.39 Billion by 2030, and is anticipated to expand at a CAGR of 6.7% over the forecast period from 2020 to 2030.

Application Specific Integrated Circuit: Overview

Applications specific integrated circuit, commonly known as a chip or microchip, is designed for the purpose of aiding devices to optimize electrical energy and utilize it to perfection. These chips are of prime interest to various enterprises and researchers as growing influx of electronic devices are expected to engage in more complex operations every day. These devices present benefits such as to gain maximum traction while operating an electronic device, as hypothetically, these devices can operate independently to produce more intelligent and intuitive devices. Application-specific integrated circuits are engineered and designed on the basis of required customization and for a specific application. The design of these circuits are mainly used for mass production of a product.

Dynamics: Global Application Specific Integrated Circuit Market

Growing demand for smartphones, tables, and other personal hand-held devices among individuals is a major factor driving growth of the global application specific integrated circuit market. In addition, rapidly growing end-use industries across various countries, coupled with expanding scope of applications of application-specific integrated circuits in various industries such as telecommunication and automotive are other factors expected to fuel growth of the global market. SoC (System-on-chip) applications in the target market is expected to result in growth of the application specific integrated circuit market in the near future. Growing consumer electronics industry, and increasing adoption of web browsing, answering machine, two-way paging, wireless PDA, Global Positioning System (GPS), and e-mail is also projected to support growth of the target market. Application-specific integrated circuits are proving to be an ideal substitute for traditional FPGA and are being considered as an extremely efficient alternative, which is also a key factor expected to result in higher demand for these integrated circuits. However, uncertain nature of innovation, narrow focus on cost-savings and efficiency are factor that could hamper growth of the target market. in addition, high cost of production and thus the final product is another factor expected to drive growth of the global market.

Below are the leading companies profiled in this Application Specific Integrated Circuit Market Report:

  • Analog Devices, Inc.
  • Calogic LLC
  • eSilicon Corp.
  • Freescale Semiconductor, Inc.
  • Fujitsu Microelectronics Inc.
  • IBM Microelectronics
  • Infineon Technologies AG,
  • Intel Corporation
  • Linear Dimensions Semiconductor
  • Linear Technology Corporation (U.S.)
  • Maxim Integrated Products Inc.
  • NXP Semiconductors NV
  • ON Semiconductor (Semiconductor Components Industries, LLC)
  • PREMA Semiconductor GmbH
  • Qualcomm, Inc.
  • Renesas Electronics Corporation
  • Samsung Semiconductor, Synopsys
  • STMicroelectronics
  • Texas Instruments Inc.

Segment Insights: Global Application Specific Integrated Circuit Market Insights, by End-use Industry:

The consumer electronics industry is expected to record highest revenue share in the target market due to higher adoption of the products by this industry in order to manufacture smartphones, tablets, etc.

Regional Insights: Global Application Specific Integrated Circuit Market

North America market is expected to record highest revenue share in the global market owing to rapid growth in the end-use industries and rising inclination towards consumer electronics among individuals in countries in North America. In addition, concentration of various major companies based in the US including Qualcomm, Intel and others is another factor expected to drive North America market growth. The Asia Pacific market is projected to record highest revenue growth rate over the next 10 years, due to robust presence of semiconductor companies in countries including China and Japan in the region.

Industry News:

In July 2019, a US-based software company – VMware, Inc. – announced acquisition of hardware-agnostic technological company – Bitfusion.io, Inc. This acquisition was made to accelerate VMwares plan to support its Artificial Intelligence- and machine learning-based workloads by virtualizing hardware accelerators.

Global Application Specific Integrated Circuits Market Segmentation:

By Type
  • Full Custom ASIC
  • Semi-Custom ASIC
  • Standard Cell Based ASIC
  • Gate Array Based ASIC
  • Programmable ASIC
By End-use Industry
  • Consumer Electronics
  • Telecommunication
  • Healthcare
  • Industrial
  • Automotive

This research comprehensively answers the following 9 important questions:

  • Q.1. What are some of the most promising growth trends in the Application Specific Integrated Circuit market worldwide?
  • Q.2.Which segments and sub-segments will grow at a faster pace and why? Which segment is nearing the peak and demand saturation?
  • Q.3.Which region will witness a higher growth rate and why? Which region might see a slower or negative growth region?
  • Q.4.What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in Application Specific Integrated Circuit market?
  • Q.5.What are the business risks and who pose challenges to the global leaders and are competitive threats in this Application Specific Integrated Circuit market?
  • Q.6.What are the emerging trends post COVID-19 reshuffle in this Application Specific Integrated Circuit market and the what are reasons behind these trends and do they translate in global exploration?
  • Q.7. Who are the major global and regional players in the Application Specific Integrated Circuit market? Which are the strategic initiatives key players are pursuing for business growth?
  • Q.8.Which are the competing products in Application Specific Integrated Circuit market and how big of a threat do they pose for loss of market share by material or product substitution?
  • Q.9.What M & A activity has occurred in the last 5 years and what is its impact on the Application Specific Integrated Circuit industry?

Chapter 1 Methodology and Scope
  • 1.1 Market definitions
  • 1.2 Base estimation & working
  • 1.2.1 North America
  • 1.2.2 Europe
  • 1.2.3 APAC
  • 1.2.4 LATAM
  • 1.2.5 MEA
  • 1.3 Forecast calculation
    • 1.3.1 COVID-19 impact calculations on industry forecast
  • 1.4 Data sources
    • 1.4.1 Primary
    • 1.4.2 Secondary
    • 1.4.2.1 Paid sources
    • 1.4.2.2 Public sources
  • Chapter 2 Executive Summary
  • 2.1 Application Specific Integrated Circuit industry 360° synopsis, 2017 - 2028
| read more...

Request a sample

Fill below form to request a sample

Enquiry

Please fill this form to enquire before buying

Discount

You can request for discount regarding the report by using below form