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Application Specific Integrated Circuit Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Application Specific Integrated Circuit Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • November 2021
  • 143 pages
  • ID: 6185510
  • Format: PDF
  • IMARC Group

Summary

Table of Contents

The global application specific integrated circuit market grew at a CAGR of around 7% during 2015-2020.

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. Looking forward, the analyst expects the global application specific integrated circuit market to exhibit moderate growth during the next five years.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global application specific integrated circuit market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, 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.

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?

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