Global Application Specific Integrated Circuit (ASIC) Market is Expected to Grow at 8.1% in the Forecast Period of 2022 to 2029

Global Application Specific Integrated Circuit (ASIC) Market is forecasted to grow at 8.1% with factor such as growing demand for smartphones and tablets, increasing demand from smart consumer devices and emergence of ASIC driven IoT devices, and this can act as a major factor for the growth of the market.

Application specific integrated circuit (ASIC) market has shown an exceptional penetration in countries such as China, U.S., Germany, China, and Germany as the companies are investing heavily in developing application specific integrated circuit as it is the next big step in the semiconductor industry.  

Application Specific Integrated Circuit (ASIC) Market Scenario

According to Data Bridge Market Research, the market for global application specific integrated circuit (ASIC) in Asia-Pacific has the highest market share followed by North America and Europe. Market leader Intel Corporation accounts an estimated market share of approximately 45.12% in the global market. The company has gained outstanding sale by providing application specific integrated circuit (ASIC) services and entering partnerships which strengthens its product portfolio.

For instance,

  • In June 2021, Intel Corporation launched dedicated FPGA infrastructure processors. The key feature of this dedicated infrastructure processors was server and network management function capabilities to offer more flexible, virtualization model. This product launch will strengthen infrastructure processors portfolio.
  • In April 2021, Intel Corporation launched 3rd Gen Intel Xeon Scalable processors. The key feature of this scalable processor was its combined feature of memory and storage, Ethernet adapters, FPGAs and optimized software solutions. This processor was designed for various applications such as industrial, networking and other. Through this company expanded its market and maintained its market position among the top players in semiconductor market.

Application Specific Integrated Circuit (ASIC) MarketTrends Impacting the Market

Now the question is which other regions Intel Corporation, Infineon Technologies AG, NXP Semiconductors., Microchip Technology Inc., and Texas Instruments Incorporated are targeting? Data Bridge Market Research has forecasted a large growth in Europe and Asia-Pacific application specific integrated circuit (ASIC) market and the market leaders are targeting Germany, China and Japan to be their next pocket revenue for 2022.  

The application specific integrated circuit (ASIC) is becoming more competitive every year with companies Intel Corporation, Infineon Technologies AG, NXP Semiconductors., Microchip Technology Inc. as they are the market leaders for application specific integrated circuit (ASIC). The Data Bridge Market Research new reports highlight the major growth factors and opportunities in application specific integrated circuit (ASIC) market.  

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Application Specific Integrated Circuit (ASIC) Market Development in 2021

  • In December 2021, NXP Semiconductors entered into a partnership with Foxconn Industrial Internet Ltd. The main objective of this partnership is to enhance automotive technologies. Moreover, it aimed to develop full digital cockpit solution, based on the NXP i.MX 8 QuadMax. This will help the company to expand its market and strengthen its ASIC product portfolio.
  • In October 2021, Infineon Technologies AG launched the SLS37 V2X hardware security module (HSM), a plug-and-play security solution for vehicle to everything communication (V2X). The SLS37 V2X HSM is based on a highly secured, tamper resistant microcontroller tailored to the security needs in V2X applications within telematics control units. It is protecting the integrity and moreover authenticity of messages, as well as the privacy of the sender. The HSM received the Common Criteria EAL4+ certification, which is expected to become mandatory in European V2X systems.
  • In June 2021, Infineon Technologies AG and pmdtechnologies partner with ArcSoft for under-display Time-of-Flight turnkey solution. This partnership improves business of the company with respect to artificial intelligence.

Scope of the Application Specific Integrated Circuit (ASIC) Market

All country based analysis of global application specific integrated circuit (ASIC) market is further analysed based on maximum granularity into further segmentation. On the basis of design type, global application-specific integrated circuit (ASIC) market has been segmented into full custom, semi-custom, and programmable. On the basis of programming technology segment, global application-specific integrated circuit (ASIC) market has been segmented into static ram, EPROM, EEPROM, antifuse, and others. On the basis of application segment, global application-specific integrated circuit (ASIC) market has been segmented into consumer electronics, data center & computing, IT & telecommunication, medical, multimedia, automotive, and industrial.

To know more about the study

Key Pointers Covered in Application Specific Integrated Circuit (ASIC) Market Industry Trends and Forecast to 2029

  • Market Size
  • Market Standards and Changes
  • Market Trials in Different Regions
  • Market Requirements in Different Regions
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Recent Market Value for Different regions
  • Sales Data for Market Competitors
  • Market Key Vendors and Disruptors Study

Key Market Competitors Covered in the Report

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

Above are the key players covered in the report, to know about more and exhaustive list of Application specific integrated circuit (ASIC) market, contact us

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

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

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, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Managers, Directors, Communication Engineer, ASIC Engineer, System Engineer, Semiconductor Experts.
  • Supply Side: Service Providers, OEMs Companies, Marketing Managers, Logistics Managers and C-Level Executives among others.

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