The Global Application Specific Integrated Circuits Market will be driven by growing usage and application across all industries during the forecast period 2022-2027

Expert Market Research’s new report titled “Global Application Specific Integrated Circuits Market Report and Forecast 2022-2027′, gives an in-depth analysis of the Application Specific IC Market, assessing the market based on its segments such as product type, application and major regions. The report tracks the latest industry trends and studies their impact on the market in general. It also assesses market dynamics, covering major demand and price indicators, while analyzing the market based on SWOT and Porter’s Five Forces models.

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Key highlights of the report include:

Market Overview (2017-2027)

  • Expected CAGR (2022-2027): 5.7%

Advances in application-specific IC technologies have facilitated the introduction of next-generation designs, which include integrated security, custom sensor and control interfaces, wired and wireless connectivity, artificial intelligence, and machine learning, functional safety, high voltage circuitry and on-board memory. Thus, the growing demand for application-specific integrated circuits in sectors such as medical, industrial (automotive, telecommunications and electrical), aeronautics, consumer electronics, space and defense, transport and IoT is likely to drive market growth.

Industry definition and major segments

ASICs, or Application Specific Integrated Circuits, are custom integrated circuits designed for a specific application or purpose. Typically, an ASIC design is made for a large-scale product. Application-specific integrated circuits can incorporate a significant portion of the required electronics on a single integrated circuit. Since application-specific ICs are expensive to design, they are typically found in high-volume devices (such as cell phones and similar applications). However, if the volume is sufficient, application-specific ICs can help reduce application costs. Additionally, the application-specific IC design can be adjusted to meet unique product needs, and the number of additional components can be significantly reduced because the majority of the design can be contained within a single IC.

The global application-specific IC market can be segmented on the basis of product type and application.

Based on product type:

  • Fully Customized ASIC
  • semi-custom ASIC
  • Programmable ASIC

Based on the application:

  • Telecommunications
  • Industrial
  • Automotive
  • Consumer electronics
  • Others

Based on regional markets, the application specific IC industry segmentation includes North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

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Market trends

The significant expansion of the electronics industry is one of the major reasons contributing to the positive outlook of the market. ASICs are widely used in consumer electronics such as smartphones, smartwatches, digital cameras, televisions, computers, game consoles and tablets because they can combine the analog and digital capabilities of chips small and medium size device. Additionally, the shrinking of semiconductors with the aim of manufacturing more compact, lighter and portable gadgets is helping the market grow. Additionally, numerous technological breakthroughs, such as the integration of Internet of Things (IoT) related devices, big data, cloud computing, and artificial intelligence (AI), are all contributing to the growth. These technologies help with a variety of tasks, such as environmental monitoring, automobile pollution management, and operating a personal digital assistant. Additional factors such as increasing adoption of mechatronics across industries and significant research and development (R&D) activities are expected to fuel the market growth.

Main market players

Major market players include Broadcom, Comport Data, FUJITSU, Infineon Technologies AG, Intel Corporation, OmniVision Technologies, Inc., Semiconductor Components Industries, LLC and others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

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