The global Application Specific Integrated Circuit market size is expected to be worth around US$ 21.0 billion by 2027, according to a new report by Vision Research Reports.
The global Application Specific Integrated Circuit market size was valued at US$ 14.0 billion in 2019 and is anticipated to grow at a CAGR of 5.1% during forecast period 2020 to 2027.
The growing adoption of ASIC in the healthcare sector is expected to drive market over the forecast period. The healthcare sector uses ASIC in various equipment such as digital X-ray, Electrocardiography (ECG) machine, Computer Tomography (CT) machine, and an ultrasound machine.
The market is expected to witness an increase in demand at a global level owing to the growing use of application-specific integrated circuits (ASICs) in consumer electronics such as smartphones, and tablets. An ASIC is an integrated circuit specifically created for a specific application or purpose. These Integrated Circuits (ICs) are used to integrate all the electronic components on one chip. Also, these circuits can integrate the functions of several small and medium-sized integrated circuits that separately undertake some functions on a single chip, thereby assimilating the whole system on a single chip to recognize the system requirements. These ICs are used in various industries such as automotive, telecommunication, electrical and electronics, and medical.
The global application specific integrated circuits market is segmented based on end-use, type, and geography. By end-use, the global application specific integrated circuits market is divided into telecommunication, industrial, automotive, consumer electronics, and others. Others include domains such as medical, military and aerospace, auto emission control, sensors, and environmental monitoring. In terms of type, the market is divided into full-custom ASIC, semi-custom ASIC, and programmable ASIC. Semi-custom ASIC is sub divided into cell based ASIC and array based ASIC. Geographically, the application specific integrated circuits market can be segmented into North America, Asia Pacific, Europe, Middle East & Africa, and South America.
The semi-custom ASIC segment held the largest market share of 48.2% in 2019 and is also anticipated to dominate the market for application specific integrated circuit over the forecast period. The growth is attributed to its low complexity and a wide scope of applications as compared to other segments.
The semi-custom ASIC is further bifurcated into two sub-segments, including cell based and array based. Besides, cell based ASIC held the largest share of approximately 70% in 2019, owing to its digital-logic and electrical features such as inductance and capacitance.
The full-custom ASIC segment is expected to register considerable growth by 2027. These ICs provide faster and reliable performance with intellectual property protection using a lesser amount of electrical power.
In 2019, the consumer electronics segment accounted for more than 34.2% of the global market share. The consumer electronics vertical is anticipated to offer significant growth opportunities for all the players involved in the value chain on the back of the increasing use of ASICs within phones, tablets, and laptops across the globe. These ASICs offer various advantages including low power consumption, IP security, small size, and higher bandwidth, leading to increased adoption of the ICs in the consumer electronics industry.
The industrial segment of the ASIC market is expected to witness considerable growth over the forecast period. Application specific integrated circuits replace traditional components such as solder joints and PCB traces with one IC, which in turn helps to reduce the chances of failure and offer reliable industrial systems. Furthermore, the increasing adoption of various components such as microcontrollers, programmable timer, and thermal controllers in industrial applications is propelling the market growth.
North America held a market share of more than 20.0% in 2019. The growth is attributed to the significant presence of prominent players in the region including Maxim Integrated Products Inc.; Qualcomm Inc.; Intel Corporation; and Texas Instruments Inc. In the current market scenario, the U.S. dominates the region.
Asia Pacific is anticipated to emerge as the fastest-growing region over the forecast period. The growth is attributed to the rapidly increasing demand for energy-efficient devices along with the rising penetration of smartphones in the region. Developing economies such as China, Japan, and India are also supporting market growth due to various factors such as growing digitization, growing penetration of high-tech gadgets, advancement of automotive electronics, and increased need for miniaturization.
Telecommunication industry anticipated to be a significantly lucrative market during the forecast period
Growing demand for telecommunication applications including system-on-chip (SoC) applications is projected to propel the revenue of the ASIC market in the coming years. Additionally, the growing use of application specific integrated circuits in consumer electronics industry for web browsing, e-mail, voice memo, answering machine, two-way paging, wireless PDA, and global positioning system are offering the consumer industry a prominent share in the global application specific integrated circuit market.
Semi-custom application specific integrated circuits expected to hold prominent share during the forecast period
The semi-custom application specific integrated circuits type is anticipated to hold the dominant share for the year 2018. This segment is driven by factors such as relatively easier design and cost effectiveness. Prominent adoption of application specific integrated circuits in the consumer electronics industry in Asia Pacific is likely to boost the growth of semi-custom application specific integrated circuits due to its prominent use. Furthermore, significant adoption of these circuits in industrial applications is likely to impact the growth of the segment during the forecast period.
Infineon Technologies AG
Semiconductor Components Industries, LLC
Seiko Epson Corporation
Socionext America Inc.
ASIC Product Type Outlook
Full Custom ASIC
ASIC Application Outlook
ASIC Regional Outlook
Middle East & Africa
The Application Specific Integrated Circuit market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Application Specific Integrated Circuit market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Application Specific Integrated Circuit market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Application Specific Integrated Circuit market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Application Specific Integrated Circuit market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Application Specific Integrated Circuit capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Application Specific Integrated Circuit by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Application Specific Integrated Circuit market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Application Specific Integrated Circuit market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Application Specific Integrated Circuit market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Application Specific Integrated Circuit industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Application Specific Integrated Circuit market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Application Specific Integrated Circuit market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Application Specific Integrated Circuit market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Application Specific Integrated Circuit market. These factors have benefited the growth of the global market for Application Specific Integrated Circuit. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Application Specific Integrated Circuit. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Application Specific Integrated Circuit are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
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