Press release
Global Application Specific Integrated Circuit (ASIC) Market Poised to Reach USD 34.49 Billion by 2031, Growing at a CAGR of 8.3%: Transparency Market Research
The Global Application Specific Integrated Circuit (ASIC) Market, valued at USD 15.87 billion in 2021, is set to witness significant growth, projected to reach USD 34.49 billion by 2031. This substantial expansion is attributed to a compound annual growth rate (CAGR) of 8.3% from 2022 to 2031, driven by rising demand across various high-growth industries including aerospace, consumer electronics, and telecommunications.Download Sample PDF from Here- https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=17768&utm_source=Openpr&utm_medium=Amit
Current Trends and Market Drivers
In recent years, manufacturers have increasingly focused on the latest trends in the electronics sector such as advanced materials, development of low-power devices, organic electronics, and miniaturization. The flexibility, high speed, and low power requirements of ASICs have led to their growing popularity. This has spurred companies to cater to high-demand end-use industries to maintain growth momentum in the post-pandemic world.
The consumer electronics industry remains a pivotal market for ASICs. The surge in the adoption of advanced integrated circuits in smartphones, tablets, computers, and wearable devices is expected to drive significant market growth. The ASICs' ability to offer high bandwidth and efficient operation is particularly beneficial in these applications.
Emerging Applications and Regional Insights
One notable emerging application of ASICs is Bitcoin mining, which has seen a rapid increase in demand due to its efficiency and performance benefits. Additionally, the aerospace sector is leveraging ASIC technology for various applications, such as cockpit lighting control, onboard data handling, and high-speed accelerometer processing for inertial guidance. The use of ASICs in aerospace is anticipated to grow, propelled by favorable government regulations and increased production of military ASIC products.
Regionally, Asia Pacific is expected to dominate the ASIC market, driven by high demand in the consumer electronics sector. North America and Europe are also significant markets, with strong demand from automotive and aerospace industries. The market in Latin America is forecasted to grow at a faster pace compared to the Middle East & Africa, due to increased production capacities in programmable ASIC products and power management integrated circuits.
Access Full Report from Here - https://www.transparencymarketresearch.com/application-specific-integrated-circuit-market.html
Market Segmentation and Key Players
The ASIC market is segmented by type into full-custom, semi-custom, and programmable ASICs. Semi-custom ASICs, further divided into array-based and cell-based, are anticipated to dominate due to their lower complexity and multi-application advantages.
Applications of ASICs span various sectors, including wireless communication, inferencing applications, acceleration and storage, video and broadcast, process and quality control, security and surveillance, and electrical distribution. The rising adoption of 5G networks is particularly boosting the wireless communication segment.
Key players in the market include Honeywell International Inc., Infineon Technologies AG, Intel Corporation, Marvell, Maxim Integrated, OMNIVISION, Qualcomm Technologies, Inc., Renesas Electronics Corporation, Semiconductor Components Industries, LLC, STMicroelectronics, Synopsys, Inc., and TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION.
Recent Developments
• In April 2022, Intel Corporation introduced its new Blockscale ASIC technology, designed for energy-efficient crypto mining.
• In July 2020, Marvell launched a custom ASIC offering catering to 5G carriers, cloud data centers, enterprise, and automotive applications, providing customization options and a differentiated approach with embedded memories, high-speed SerDes, networking, and storage controllers.
Click Here to Purchase this Comprehensive Insights Report @- https://www.transparencymarketresearch.com/checkout.php?rep_id=17768<ype=S&utm_source=Openpr&utm_medium=Amit
About Us Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
Contact Us:
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Email: sales@transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Application Specific Integrated Circuit (ASIC) Market Poised to Reach USD 34.49 Billion by 2031, Growing at a CAGR of 8.3%: Transparency Market Research here
News-ID: 3543362 • Views: …
More Releases from Transparency Market Research
Gas Compressor Market Outlook 2036: Global Industry Expected to Reach US$ 41.0 B …
The global gas compressor market was valued at US$ 23.2 Bn in 2025 and is projected to reach US$ 41.0 Bn by 2036, expanding at a compound annual growth rate (CAGR) of 5.3% from 2026 to 2036. This steady growth trajectory reflects the structural importance of gas compression systems across upstream, midstream, and downstream gas value chains. Rising natural gas consumption, expansion of pipeline and LNG infrastructure, and national energy…
Anesthesia Drugs Market to be Worth USD 12.6 Bn by 2036 - By Drug / By Applicati …
The global anesthesia drugs market was valued at US$ 7.6 billion in 2025 and is projected to reach US$ 12.6 billion by 2036, expanding at a compound annual growth rate (CAGR) of 4.7% from 2026 to 2036. This steady growth trajectory reflects the essential and non-substitutable role of anesthesia drugs in modern healthcare systems. As surgical interventions continue to rise globally-across both elective and emergency procedures-the demand for safe, effective,…
Single-Atom Catalysts Market Size is Expected to Expand from US$ 177.8 Million t …
The global single-atom catalysts (SACs) market is poised for remarkable growth as industries seek highly efficient, cost-effective, and sustainable catalytic solutions. Valued at US$ 177.8 million in 2025, the market is projected to reach US$ 1,000.2 million by 2036, expanding at a robust compound annual growth rate (CAGR) of 17.0% from 2026 to 2036. This rapid expansion reflects the growing importance of advanced catalysis in energy, chemicals, environmental protection, and…
Non-specific Endonuclease Market to Reach USD 726.6 Million by 2036, Supported b …
The non-specific endonuclease market is witnessing steady growth, driven by the expanding use of molecular biology tools across biotechnology, pharmaceuticals, diagnostics, and academic research. Non-specific endonucleases are enzymes that cleave nucleic acids without requiring a specific recognition sequence, making them highly valuable for applications such as DNA/RNA degradation, sample preparation, viscosity reduction, and contamination control. Their broad activity profile differentiates them from restriction enzymes and enables versatile usage across multiple…
More Releases for ASIC
ASIC Miner Shop For All Expands Global Operations as a Factory-Warranty-Backed A …
Registered ASIC mining hardware supplier ASIC Miner Shop For All continues international expansion while strengthening sales operations across key U.S. mining regions.
ASIC Miner Shop For All (AMSFA), a registered global supplier of ASIC mining hardware founded in 2018, continues to expand its international operations while reinforcing its position as a sales-driven, factory-warranty-backed provider of verified mining equipment. The company serves buyers worldwide, including customers across the United States, Europe,…
ASIC And FPGA Market Size Analysis by Application, Type, and Region: Forecast to …
USA, New Jersey- According to Market Research Intellect, the global ASIC And FPGA market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
The ASIC (Application-Specific Integrated Circuit) and FPGA (Field-Programmable Gate Array) market is projected to witness significant growth driven by the increasing need for customized…
ASIC Chip Market Growth in Future Scope 2025-2032
Global ASIC Chip Market size was valued at USD 22.40 billion in 2023 and is poised to grow from USD 24.64 billion in 2024 to USD 52.82 billion by 2032, growing at a CAGR of 10% in the forecast period (2025-2032).
The Research report on ASIC Chip Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate,…
Revolutionizing Cryptocurrency Mining: ASIC Miner Compare Unveils Cutting-Edge A …
As cryptocurrency continues to gain prominence in the global financial landscape, the demand for efficient and powerful mining solutions has never been higher. Enter Asic Miner Compare, a pioneering company dedicated to providing state-of-the-art ASIC miners tailored for cryptocurrency mining enthusiasts and professionals alike.
ASIC (Application-Specific Integrated Circuit) miners represent the pinnacle of mining technology, offering unparalleled efficiency and performance compared to traditional CPU or GPU mining methods. Asic Miner Compare…
ASIC Chips Market 2022 | Detailed Report
The ASIC Chips report compiles the market information depending upon market development and growth factors, optimizing the growth path. In addition, it highlights the strategies and market share of the leading vendors in the particular market. The report follows a robust research methodology model that helps to make informed decisions. It obtains both qualitative and quantitative market information supported by primary research.
The ASIC Chips research report recognizes and gets fundamental…
Global Application Specific Integrated Circuit (ASIC) Market Insights, Forecast
This report presents the worldwide Application Specific Integrated Circuit (ASIC) market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis. An ASIC is an integrated circuit made for…
