Application Specific Integrated Circuit Market Top Players ,Analysis And Forecast Till 2030: Grand View Research Inc.

 Application Specific Integrated Circuit Market Growth & Trends

The global application specific integrated circuit market size is anticipated to reach USD 25.08 billion by 2030, registering a CAGR of 5.9% over the forecast period, according to a new report by Grand View Research, Inc. The growing adoption of application specific integrated circuit (ASIC) in healthcare applications is expected to drive market growth over the forecast period. The healthcare sector uses ASICs in various equipment such as digital X-rays, electrocardiography (ECG) machines, Computer tomography (CT) machines, and ultrasound machines.

Application specific integrated circuit is also extensively used in the automotive industry to ensure actuator movements, information handling, and safety-relevant actions. Based on product type, the market is segmented into full custom ASIC, semi-custom ASIC, and programmable ASIC. The demand for semi-custom ASIC in the consumer electronics and automotive industry has increased over the last few years. Features such as inductance and capacitance of semi-custom ASIC offer improved electrical performance and high density of the component. Also, semi-custom ASIC is partially customized to perform distinct functions within the field of their specific area of application. These ASICs are designed to allow some modifications during manufacturing, increasing demand for such ICs.

In addition to consumer electronics, the industrial sector is currently undergoing a significant transformation with a notable surge in the adoption of application specific integrated circuits. In industrial applications, ASICs are being employed to mitigate the occurrence of failures during the manufacturing process. Furthermore, the escalating demand for energy-efficient devices and the widespread integration of smartphones in the Asia Pacific (APAC) region are prominent drivers propelling substantial market growth. The technological advancements witnessed in the field of ASICs, encompassing significant developments in big data analytics, the Internet of Things (IoT), blockchain, and machine learning, are anticipated to play a pivotal role in bolstering market growth throughout the forecast period, extending up to 2030.

Request a free sample copy or view report summary: Application Specific Integrated Circuit Market Report

Application Specific Integrated Circuit Market Report Highlights

• The ASIC market is expected to witness substantial growth during the forecast period, owing to the rising adoption in various industries, including healthcare and aerospace & defense, among others
• The semi-custom ASIC segment accounted for the highest market share in 2022, owing to the growing demand for low complexity and allowance in the modification of circuits during the manufacturing process
• The consumer electronics industry is expected to register the highest growth over the forecast period, owing to the increasing use of ASICs within phones, tablets, and laptops across the globe
• Asia Pacific is anticipated to emerge as the fastest-growing region, owing to the presence of many consumer electronics manufacturers in the region
• New product development and expansion remains the major strategy adopted by the leading manufacturers in the market

Access Press Release@ https://www.grandviewresearch.com/press-release/global-application-specific-integrated-circuits-market

Application Specific Integrated Circuit Market Segmentation

Grand View Research has segmented the global application specific integrated circuit market based on product type, application, and region:

ASIC Product Type Outlook (Revenue, USD Million, 2017 - 2030)

• Full Custom ASIC
• Semi-custom ASIC
  • Cell-based
  • Array-based
• Programmable ASIC

ASIC Application Outlook (Revenue, USD Million, 2017 - 2030)

• Telecommunication
• Industrial
• Automotive
• Consumer Electronics
• Others

ASIC Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • S.
  • Canada
• Europe
  • UK
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Singapore
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa

List of Key Players in the Application Specific Integrated Circuit Market

• Broadcom Inc.
• STMicroelectronics
• Faraday Technology Corporation
• FUJITSU
• Infineon Technologies AG
• Comport Data
• Intel Corporation
• ASIX Electronics
• OmniVision Technologies, Inc.
• Semiconductor Components Industries, LLC
• Seiko Epson Corporation
• DWIN Technology
• Socionext America Inc.
• Tekmos Inc.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.