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Oct, 17 2023

ASICs: The Backbone of Modern Electronics - Navigating the Global Landscape of Custom Integrated Circuits

The Global Application-Specific Integrated Circuit (ASIC) Market is witnessing continuous innovations and reaping numerous benefits. Innovations in ASIC technology include advanced semiconductor processes, AI acceleration, and low-power designs, enhancing performance and efficiency. ASICs provide benefits such as tailored solutions for specific applications, lower power consumption, reduced space requirements, and improved processing speeds. They enable cost-effective mass production and offer high reliability, making them indispensable in industries such as automotive, data centers, and consumer electronics, where customized and optimized hardware solutions are vital for competitive edge and technological advancement.

According to Data Bridge Market Research, the Global Application Specific Integrated Circuit (ASIC) Market is growing with a CAGR of 8.1% in the forecast period of 2022 to 2029 and is expected to reach USD 30,092.96 million by 2029.  

“Escalating demand for smart consumer devices boost the market’s growth”

The escalating demand for smart consumer devices is a significant driver of the global application-specific integrated circuit (ASIC) market. ASICs play a pivotal role in powering these devices by providing specialized functions such as image processing, AI inference, and power management. As consumer electronics, such as smartphones, wearables, and IoT devices, continue to proliferate, the need for efficient, customized ASICs grows, stimulating market growth. ASICs enable enhanced performance and energy efficiency, meeting the evolving demands of the smart consumer device landscape.

What restraints the growth of the global application specific integrated circuit (ASIC) market?

“Security attacks restraints the market’s growth”

Security attacks, particularly cyber-attacks, have emerged as a significant impediment to the growth of the application-specific integrated circuit (ASIC) market. ASICs are integral components in various critical systems, and their vulnerability to exploitation poses risks. These attacks can lead to data breaches, system disruptions, and financial losses.

Segmentation: Global Application Specific Integrated Circuit (ASIC) Market

The global application specific integrated circuit (ASIC) market is segmented on the basis of design type, programming technology, and application. 

  • On the basis of design type, the global application specific integrated circuit (ASIC) market is segmented into semi-custom, programmable, and full custom. 
  • On the basis of programming technology, the global application specific integrated circuit (ASIC) market is segmented into static RAM, antifuse, EEPROM, EPROM, and others. 
  • On the basis of application, the global application specific integrated circuit (ASIC) market is segmented into consumer electronics, IT and telecommunication, data center and computing, medical, industrial, automotive, and multimedia.

Regional Insights: Asia-Pacific dominates the Global Application Specific Integrated Circuit (ASIC) Market

In Asia-Pacific, China dominates the application-specific integrated circuit (ASIC) market due to its status as the world's leading chip producer. The country's robust manufacturing infrastructure, coupled with cost-effective labor and abundant resources, enables mass production of ASICs at competitive prices. This competitive advantage has made China a key player in the global ASIC industry, attracting significant investments and establishing itself as a primary source for ASIC production, further solidifying its market leadership.

The U.S. boasts a substantial presence of local players in the application-specific integrated circuit (ASIC) market, fostering innovation and competition. Meanwhile, Germany has experienced notable growth in ASIC adoption. This growth can be attributed to the region's strong emphasis on advanced manufacturing, automotive technology, and industrial automation, where ASICs play a pivotal role. The demand for specialized ASIC solutions has propelled Germany's prominence in the ASIC market, contributing to its expansion.

To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-application-specific-integrated-circuit-asic-market

Recent Developments

  • In June 2021, Intel Corporation introduced dedicated FPGA infrastructure processors, emphasizing their server and network management capabilities to enhance virtualization flexibility. This product launch bolsters Intel's infrastructure processors portfolio.
  • In October 2021, Infineon Technologies AG unveiled the SLS37 V2X hardware security module (HSM), a plug-and-play security solution for vehicle-to-everything communication (V2X). This HSM, built around a highly secure and tamper-resistant microcontroller, addresses security requirements in V2X applications within telematics control units. It safeguards message integrity, sender authenticity, and privacy. The HSM is Common Criteria EAL4+ certified, expected to be mandatory in European V2X systems.

The Prominent Key Players Operating in the Global Application Specific Integrated Circuit (ASIC) Market Include:

  • Texas Instruments Incorporated (U.S.)
  • Analog Devices, Inc. (U.S.)
  • Renesas Electronics Corporation (Japan)
  • Honeywell International Inc. (U.S.)
  • Maxim Integrated (U.S.)
  • Lattice Semiconductor (U.S.)
  • Microchip Technology Inc. (U.S.)
  • QuickLogic Corporation (U.S.)
  • Avnet Asic Israel Ltd. (Israel)
  • Cobham Limited (U.K.)
  • Socionext Inc. (Japan)
  • Semiconductor Components Industries, LLC (U.S.)
  • NXP Semiconductors (Netherlands)
  • Qualcomm Technologies, Inc. (U.S.)
  • MegaChips Corporation (Japan)
  • EnSilica (U.K.)
  • Intel Corporation (U.S.)
  • Infineon Technologies AG (Germany)
  • Xilinx (U.S.)
  • Achronix Semiconductor Corporation (U.S.)

GOWIN Semiconductor (China) Above are the key players covered in the report, to know about more and exhaustive list of global application specific integrated circuit (ASIC) market companies contact, https://www.databridgemarketresearch.com/contact

Research Methodology: Global Application Specific Integrated Circuit (ASIC) Market

Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.


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