Global Application Specific Integrated Circuit Market Size, Share, Forecast 2023 - 2033 | Top key players : SEALSQ Corp, Vervesemi, Infineon Technologies AG, DWIN Technology, Broadcom Inc., Tekmos Inc., Socionext America Inc., Seiko Epson Corporation, Int

According to a research report published by Spherical Insights & Consulting, the Global Application Specific Integrated Circuit Market Size is Expected to Grow from USD 16.64 Billion in 2023 to USD 29.94 Billion by 2033, at a CAGR of 6.05% during the forecast period 2023-2033.

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Custom integrated circuits created for particular purposes or applications are known as application-specific integrated circuits. ASIC designs are usually started for products that are anticipated to be produced on a big scale. A significant amount of the necessary electronics can be included in integrated circuits designed specifically for a given application. The need for energy-efficient ASICs is growing as a result of the widespread use of electric vehicles, renewable energy sources, and Internet of Things devices. The need for flexibility and cost-effectiveness is driving the use of semi-custom application-specific integrated circuits (ASICs). The rising use of smart devices, the popularity of smartwatches for tracking physical activity in real-time, the growing use of mechatronics in automotive and industrial applications, and the growing need for ASIC in consumer electronics and telecommunications equipment are the main factors driving the market. The rising demand for high-performance computing (HPC), the growing demand for electronic devices, and the quick uptake of IoT devices in consumer electronics are expected to drive the growth in application specific integrated circuit market. However, the adoption of application-specific integrated circuits has been restricted in markets where cost is a major consideration due to the high costs and technological complexity of ASIC.

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The semi-custom segment is predicted to hold the highest market share through the forecast period.

Based on the product, the application specific integrated circuit market is classified into full custom, semi-custom, and programmable. Among these, the semi-custom segment is predicted to hold the highest market share through the forecast period. The electrical and digital-logic characteristics of the cell-based semi-custom, such as capacitance and inductance, are easily connected.

The consumer electronics segment is anticipated to hold the largest market share during the projected timeframe.

Based on the application, the application specific integrated circuit market is divided into telecommunication, industrial, automotive, consumer electronics, and others. Among these, the consumer electronics segment is anticipated to hold the largest market share during the projected timeframe. The growing use of application-specific integrated circuits (ASICs) in laptops, tablets, and smartphones around the world is the main factor driving the consumer electronics segment.

North America is estimated to hold the largest share of the application specific integrated circuit market over the forecast period.

North America is estimated to hold the largest share of the application specific integrated circuit market over the forecast period. Numerous important variables driving the region's need for ASICs are responsible for this impressive increase. The region's fast industrialization and economic expansion are driving up demand for energy-efficient gadgets. Furthermore, the expansion of the business is greatly helped by the rise of cell phones in the region.

Asia Pacific is predicted to have the fastest CAGR growth in the application specific integrated circuit market over the forecast period. The demand for smartphones, smart appliances, wearable technology, and gaming devices is growing, making Asia-Pacific led by China, Japan, and South Korea a center for electronics manufacturing.

Major key players in the application specific integrated circuit market include SEALSQ Corp, Vervesemi, Infineon Technologies AG, DWIN Technology, Broadcom Inc., Tekmos Inc., Socionext America Inc., Seiko Epson Corporation, Intel Corporation, ASIX Electronics, OmniVision Technologies, Inc., Comport Data, Faraday Technology Corporation, STMicroelectronics, and Others.

Key Target Audience

Market Players
Investors
End-users
Government Authorities
Consulting And Research Firm
Venture capitalists
Value-Added Resellers (VARs)

Recent Development

In February 2024, Vervesemi, a fabless semiconductor firm situated in Noida, announced the debut of its Made-in-India Semiconductor Application-Specific Integrated Circuit (ASIC) technology. The company said that this accomplishment represents a critical turning point in India's development into a world leader in semiconductor manufacturing and innovation.

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Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the application specific integrated circuit market based on the below-mentioned segments:

Global Application Specific Integrated Circuit Market, By Product
Full Custom
Semi-Custom
Programmable

Global Application Specific Integrated Circuit Market, By Application
Telecommunication
Industrial
Automotive
Consumer Electronics
Others

Global Application Specific Integrated Circuit Market, By Regional Analysis
North America
US
Canada
Mexico

Europe
Germany
UK
France
Italy
Spain
Russia
Rest of Europe

Asia Pacific
China
Japan
India
South Korea
Australia
Rest of Asia Pacific

South America
Brazil
Argentina
Rest of South America

Middle East & Africa
UAE
Saudi Arabia
Qatar
South Africa
Rest of the Middle East & Africa

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About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.

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