What’s driving the Application Specific Integrated Circuit Market Size? | Key players are Intel Corporation, Texas Instruments Inc., Infineon Technologies AG, ON Semiconductor Ltd., Qualcomm Inc., and NXP Semiconductors N.V

Global Application Specific Integrated Circuit Market report 2025 focuses on the major Types and Applications for the key players. The study report also provides analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. The market research report is a professional and in-depth study on the current state of global industry.

Application Specific Integrated Circuit Market size is expected to witness a rapid growth from 2019 to 2025 owing to its high adoption in the cryptocurrency mining process. The device helps in processing the data faster and more efficiently, completing single & highly focused tasks. It enables manufacturers in the application specific integrated circuit market to constitute complete mechanism on a single chip, reducing the requirements for other components and lowering the total cost of the mining hardware device. Several enterprises are offering high-quality chip with advanced SiGe (Silicon Germanium) technology.

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The rise in technological advancements & innovations in consumer electronic products such as smartphones, tablets, and laptops will result in high demand for modern IC chips, accelerating application specific integrated circuit market growth. It offers several advantages including low power consumption, IP security, small size, and higher bandwidth, leading to an increased adoption of the component in the consumer electronics industry.

Several manufacturers in the ASIC market are engaged in developing & designing customized ICs based on their client requirements. For instance, Intel Corporation is offering ASIC design services to provide its customers components with the latest technology & features with the help of industry experts. Moreover, the rapid upgrading of electronic devices is enabling a consistent performance and energy efficiency, accelerating the growth of the application specific integrated circuit (ASIC) market

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High manufacturing costs associated with components are major challenges that will impact the application specific integrated circuit market growth. Designing a single circuit to fit a range of electronic products incurs a significant cost as there are high R&D efforts involved in this process. The circuit needs to be compatible with multiple electronic products of the same range, requiring manufacturers to make changes to the products, incurring additional costs. The cost & efforts associated with the installation of these components are further hindering the market growth. The installation of the IC requires special care as the circuit needs to be connected with different components of the device for optimized functioning.

The growth prospects of IoT, machine learning, blockchain, and big data analytics is projected to drive the application specific integrated circuit market demand. These components are being widely used in data center facilities, public clouds, and connected devices that enable the organizational data to move faster across the IT network. The enterprises are integrating these components to support the functioning of modern technologies in devices, resulting in operational cost savings and improved innovations.

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Full-custom chip design is expected to witness high growth in the application specific integrated circuit market owing to the increased benefit over other design types. These circuits provide smarter, faster, and more reliable performance with IP protection using less electrical power. The design is highly used for the layout of microprocessors due to its ability to provide complete flexibility and a high degree of optimization in performance. The full custom ASIC enables designers to customize logic cells, layouts & circuits, optimize memory cell, and mechanical structures on an IC, which will help to reduce design time & risks.

The industrial segment of the application specific integrated circuit market is projected to grow substantially over the forecast time period. The industries that require highly reliable technological systems, such as aerospace & defense, military, and automotive, are adopting these chips as there are several electronic system failure instances in such industries. Integration of these chips replace traditional components including PCB traces and solder joints with a single IC, which will reduce the number of failure points and provide highly reliable industrial systems. Moreover, the growing adoption of several components such as microcontrollers, thermal controller, and programmable timer in industrial applications is accelerating the growth of the application specific integrated circuit market.

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