North America Application Specific Integrated Circuit (ASIC) Market, By Design Type (Semi-Custom, Programmable and Full Custom), Programming Technology (Static RAM, Antifuse, EEPROM, EPROM and Others), Application (Consumer Electronics, IT & Telecommunication, Data Center & Computing, Medical, Industrial, Automotive and Multimedia), Country (U.S., Canada and Mexico) Industry Trends and Forecast to 2029.
Market Analysis and Insights: North America Application Specific Integrated Circuit (ASIC) Market
North America application specific integrated circuit (ASIC) market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 8.3% in the forecast period of 2022 to 2029 and is expected to reach USD 8,280.48 million by 2029. Increased adoption of smartphones and laptops is a major factor for the market's growth.
An application-specific integrated circuit (ASIC) is an IC chip that is tailored to a specific application rather than being designed for broad usage. An ASIC is, for example, a chip that runs in a digital voice recorder or a high-efficiency video encoder (such as AMD VCE). Application-specific standard product (ASSP) chips are a middle ground between ASICs and industry-standard integrated circuits such as the 7400 or 4000 series. As MOS integrated circuit chips, ASIC chips are generally produced using metal-oxide-semiconductor (MOS) technology. The greatest complexity (and hence usefulness) available in an ASIC has expanded from 5,000 logic gates to over 100 million as feature sizes have dropped and design tools have improved over time. Microprocessors, memory blocks such as ROM, RAM, EEPROM, flash memory, and other significant building blocks are frequently included in modern ASICs. A SoC is a common moniker for such an ASIC (system-on-chip). A hardware description language (HDL), such as Verilog or VHDL, is frequently used by designers of digital ASICs to define the functioning of ASICs.
The major factors driving the growth of the application specific integrated circuit (ASIC) market are growing demand for smartphones and tablets and increasing demand from smart consumer devices. Utilizing ASIC technologies for powering AI and upsurge in adoption of mechatronics for automotive applications is creating opportunities for the growth of the market. ASICS vulnerability towards security attacks/cyber-attacks is acting as the major restraint for application specific integrated circuit (ASIC) market. Complexity involved in designing and fabrication of application specific circuits is acting as a major challenge for the growth of the market.
This North America application specific integrated circuit (ASIC) market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief; our team will help you create a revenue impact solution to achieve your desired goal.
North America Application Specific Integrated Circuit (ASIC) Market Scope and Market Size
North America application specific integrated circuit (ASIC) market is segmented based on design type, programming technology and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on design type, the application specific integrated circuit (ASIC) market is segmented into semi-custom, programmable and full custom. In 2022, semi-custom is expected to dominate the application specific integrated circuit (ASIC) market owing to advanced sensor capabilities for autonomous vehicle or smart vehicle.
- Based on programming technology, the application specific integrated circuit (ASIC) market is segmented into static RAM, antifuse, EEPROM, EPROM and others. In 2022, static-RAM is expected to dominate the application specific integrated circuit (ASIC) market as static RAM are widely used in graphics card.
- Based on application, the application specific integrated circuit (ASIC) market is segmented into consumer electronics, IT & telecommunication, data center & computing, medical, industrial, automotive and multimedia. In 2022, consumer electronics is expected to dominate the application segment of the market owing to the usages of consumer electronic devices such as notebooks, tablets, and other smart wearables.
North America Application Specific Integrated Circuit (ASIC) Market Country Level Analysis
The North America application specific integrated circuit (ASIC) market is analysed, and market size information is provided by country, design type, programming technology and application.
The countries covered in the North America application specific integrated circuit (ASIC) market report are the U.S., Canada, and Mexico.
The U.S. dominates the application specific integrated circuit (ASIC) market due to factors such as the strong presence of providers and the growing adoption of technological innovations in consumer electronics. Moreover, increasing adoption of application-specific integrated circuits (ASICs) in consumer electronics such as smartphones, smartwatches, and tablets acts as a market driver.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of North American brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of sales channels are considered while providing forecast analysis of the country data.
Rising Demand for Application Specific Integrated Circuit (ASIC)
North America application specific integrated circuit (ASIC) market also provides you with detailed market analysis for every country's growth in the industry with sales, components sales, the impact of technological development in application specific integrated circuit (ASIC), and changes in regulatory scenarios with their support for the market. The data is available for the historical period 2010 to 2019.
Competitive Landscape and North America Application Specific Integrated Circuit (ASIC) Market Share Analysis
North America application specific integrated circuit (ASIC) market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points are only related to the companies' focus on the North America application specific integrated circuit (ASIC) market.
The major players covered in the North America application specific integrated circuit (ASIC) market are Texas Instruments Incorporated, Analog Devices, Inc., Renesas Electronics Corporation, Honeywell International Inc., Maxim Integrated, Lattice Semiconductor, Microchip Technology Inc., QuickLogic Corporation, Avnet Asic Israel Ltd., Cobham Limited, Socionext Inc., Semiconductor Components Industries, LLC, NXP Semiconductors, Qualcomm Technologies, Inc., MegaChips Corporation, EnSilica, Intel Corporation, Infineon Technologies AG, Xilinx, Achronix Semiconductor Corporation, GOWIN Semiconductor among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product developments are also initiated by the companies worldwide, which are also accelerating the growth of the North America application specific integrated circuit (ASIC) market.
For instances,
- 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 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.
Partnership, joint ventures, and other strategies enhance the company's market share with increased coverage and presence. It also benefits the organization to improve its offering for application specific integrated circuit (ASIC) through an expanded range of sizes.
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