Application Specific Integrated Circuit Market Forecasts to 2028 – Global Analysis By Product Type (Programmable ASIC, Full Custom Design ASIC, Semi-Custom Design ASIC), Technology (Static Random Access Memory (RAM), Antifuse, Erasable Programmable Read-O

Application Specific Integrated Circuit Market Forecasts to 2028 – Global Analysis By Product Type (Programmable ASIC, Full Custom Design ASIC, Semi-Custom Design ASIC), Technology (Static Random Access Memory (RAM), Antifuse, Erasable Programmable Read-Only Memory (EPROM), Electrically Erasable Programmable Read-Only Memory (EEPROM)), Application (Inferencing Applications, Video & Broadcast, Wireless Communication, Security and Surveillance), End User (Industrial, Consumer Electronics, Healthcare, Automotive), and By Geography

According to Stratistics MRC, the Global Application Specific Integrated Circuit is accounted for $16.96 billion in 2022 and is expected to reach $26.02 billion by 2028 growing at a CAGR of 7.4% during the forecast period. ASIC is designed for providing precise needs only. The meticulous IC is contrived and designed considering its applications and needs. These circuits assist in reducing the chip size as it is capable of performing manifold functions on a single chip. The chips offer high speed and effectiveness that are necessary for today's’ advanced technologies. It supports with long battery life and high bandwidth that helps the electronic equipment to run efficiently for a longer time. The application of ASIC is majorly recommended for the high volume of production, thus it is vastly used across industries such as manufacturing, automotive, industrial among others.

In 2020, mobile phones and semiconductor products exports from South Korea to China rose by 7.3% and 1.7%, while exports of Consumer Analog IC for computers and peripherals to the US rose by about 25.8% and 95.9%, respectively. According to The Mobile Economy Asia Pacific 2021, published by The Mobile Economy Asia Pacific 2021, By the end of 2020, 1.6 billion people subscribed to mobile services, representing nearly 60% of the region’s population. There would be almost 200 million new subscribers by 2025, taking the total number of subscribers to 1.8 billion (62% of the region’s population). Much of the growth is predicted to come from South Asia, with India accounting for more than half of new subscribers by 2025.

Market Dynamics:

Driver:

Increasing demand for aerospace application

For logic solutions in aerospace application, the exploit of field-programmable gate arrays (FPGAs) has some benefits. It offers outstanding performance capabilities, cutting-edge IP-like microprocessors, and memory interfaces in programmable devices. The appeal of these programmable electronics for aircraft applications may increase as a result. ASIC chips are additionally utilised for aviation or maritime security identification in order to verify that the bearer has passed the security inspection. Onboard data handling protocols, high-speed, high-accuracy accelerometer processing for inertial navigation, and cockpit lighting control that corrects for sunlight to night vision are just a few of the applications in aeroplanes where ASICs are being employed more and more. Therefore, it is expected that the market will experience growth during the forecast period as ASIC technology adoption increases in aircraft applications.

Restraint:

High cost of the application-specific integrated circuit

The process of creating these integrated circuits is expensive. There are many levels of customization that can be employed to cut expenses. Hence, the market is expected to have slow growth over the coming years due to factors such as the high cost of producing custom circuits, the difficulty of developing circuits, and functional reliability problems.

Opportunity:

Technological advancements

With the development of technologies like the Internet of Things (IoT), big data analytics, blockchain, and machine learning, the unit cost of these integrated circuits has been falling, which is having a favorable effect on the market globally. The aforementioned developments enable the organizational data to move throughout the IT network more quickly thanks to their widespread use in linked devices, data centre infrastructure, and public clouds. As a result, the firms are using these ICs to enable the operation of cutting-edge technology in devices, which lowers operational costs. In addition, the electronics industry's ongoing development creates a perpetual demand for advancement in application-specific integrated circuit designs to meet users' precise needs.

Threat:

The cyclical nature of the semiconductor industry

The cyclicity of the semiconductor industry makes the industry highly volatile. As the semiconductor industry witnesses, high demand fluctuations owing to the factors like excess production capacity, obsolete products, availability of new upgraded products, and rapid price erosion of ICs affect the market drastically. The extreme fluctuations make it difficult for the players in the value chain to predict the market demand. This can often lead to excess inventory levels in times of low demand, or low inventory levels in times of high demand, thereby impacting the market growth.

Covid-19 Impact

The Covid 19 situation has affected all the different industries including the integrated circuit market. It has been analysed that in most of the countries, the death rate and the affected rate has increased tremendously. Thus, there has been a demand for online working and the demand for new technologies has been advanced. Further, the analysis of the stated market has increased the functioning of the automated technologies for proper functioning at a high pace. Although, it has been observed that due to the pandemic session, there has been a huge fall down in the financial margin of every industry. Therefore, it devotes to portray that the manufacturing and the supply chain business has resumed increasing the market growth for the forthcoming years.

The semi-custom design ASIC segment is expected to be the largest during the forecast period

The semi-custom design ASIC segment is anticipated to have a lucrative growth, due to its low complexity and wide range of applications. Semi-custom design is a surrogate for full-custom design ASIC. All logic cells are predesigned and some mask layers are customized in semi-custom ASIC development. Predesigning logic cells can make semi-custom ASIC chip designing easier. Also semi-custom ASIC of application specific integrated circuits are divided into cell based and array based ASIC.

The consumer electronics segment is expected to have the highest CAGR during the forecast period

The consumer electronics segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the rapid advancement of electronic devices is enabling a stable performance and energy effectiveness, growing usage of ASIC in smart phones, tablets, and laptops along with rapidly growing demand for these products from consumers across the globe. These ASICs offer various advantages including low power consumption, IP security, small size, and higher bandwidth, leading to increased adoption of the ICs in the consumer electronics industry.

Region with highest share:

North America is projected to have the largest market share during the forecast period, due to the significant presence of prominent players in the region and continuous developments in the field of cryptocurrency, connected healthcare devices, advanced consumer electronic products, and more. North America is home to a sizable number of application-specific integrated circuit manufacturers and solution providers due to its early adoption of the ASIC technology.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the rapidly growing demand for energy-efficient devices, rise in sales of cellphones in the area, and increasing infiltration of smartphones in the region. Developing economies such as China, Japan, and India are also supporting market growth due to various factors such as growing digitization, growing penetration of high-tech gadgets, advancement of automotive electronics, and increased need for miniaturization.

Key players in the market

Some of the key players profiled in the Application Specific Integrated Circuit Market include OmniVision Technologies, Intel Corporation, STMicroelectronics N.V., Broadcom Limited, Honeywell International Inc., Maxim Integrated Products Inc., Qualcomm, Inc., Texas Instruments Inc., Infineon Technologies AG, Seiko Epson Corporation, Synopsys, Inc., Renesas Electronics Corporation, Analog Devices, Inc., Marvell Technology Group Ltd., LG Electronics, NXP Semiconductors NV, Fujitsu Microelectronics Inc., and Calogic LLC.

Key Developments:

In May 2022, OMNIVISION partnered with Valens Semiconductor to develop a MIPI A-PHY standard-compliant camera solution, which is expected to find wide-scale applications in the automobile industry

In April 2022, Intel Corporation unveiled its new Blockscale ASIC technology. This application-specific integrated circuit (ASIC) is specially developed for crypto mining and promises energy-efficient hashing for proof-of-work consensus networks.

In July 2020, Marvell introduced a unique custom ASIC offering that addresses the stringent necessities of next-generation 5G carriers, cloud data centers, enterprise, and automotive applications. This custom ASIC solution enables several customization options and a differentiated approach with standard product IP, embedded memories, high-speed SerDes, networking, security, and a wide range of storage controllers and accelerators.

In March 2019, Infineon Technologies AG announced to launch XDPE132G5C, a 16-phase digital PWM multiphase controller. The launch was intended to expand its high current system chipset solutions product portfolio. The new XDPE132G5C will allow the current of 500 to 1000 A and above for next-generation FPGA, CPUs, ASICs, and GPUs used in 5G datacom applications and artificial intelligence (AI) servers.

Product Types Covered:
• Programmable ASIC
• Full Custom Design ASIC
• Semi-Custom Design ASIC

Technologies Covered:
• Static Random Access Memory (RAM)
• Antifuse
• Erasable Programmable Read-Only Memory (EPROM)
• Electrically Erasable Programmable Read-Only Memory (EEPROM)

Applications Covered:
• Inferencing Applications
• Process and Quality Control
• Electrical Distribution
• Video & Broadcast
• Wireless Communication
• Security and Surveillance
• Acceleration and Storage
• Smartphones
• Televisions (TVs)
• Personal Computers (PCs)
• Laptops
• Smartbands
• Smartwatches
• Tablets

End Users Covered:
• Industrial
• Consumer Electronics
• IT & Telecommunication
• Healthcare
• Automotive
• Multimedia & Entertainment
• Military and Aerospace
• Semiconductors
• Data Center & Computing
• Medical
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements