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Application Specific Integrated Circuit (ASIC) Market Projected to Growth US$ 34.5 billion by 2030 | Application Specific Integrated Circuit Report, AI Chip Expansion, Data Center Chip Growth, Automotive Expansion (2026)
Application Specific Integrated Circuit (ASIC) Market Size
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United States: Recent Industry Developments
✅ February 2026: Broadcom introduced next-generation custom ASIC solutions designed for AI data center acceleration and high-performance networking.
✅ January 2026: NVIDIA expanded its ASIC-based AI infrastructure offerings to support hyperscale cloud providers.
✅ December 2025: Marvell Technology announced advanced 3nm custom ASIC platforms optimized for 5G and cloud applications.
Japan: Recent Industry Developments
✅ February 2026: Renesas Electronics launched automotive-grade ASICs supporting advanced driver-assistance systems (ADAS).
✅ January 2026: Sony Semiconductor Solutions developed ASICs tailored for high-speed image processing in industrial equipment.
✅ December 2025: Toshiba Electronic Devices expanded its ASIC portfolio for power management and industrial IoT applications.
Latest M & A
Marvell Technology's acquisition of Celestial AI, a startup with ASIC-relevant optical interconnect tech, in a $3.25B cash-and-stock deal aimed at enhancing AI and data center connectivity (deal announced Dec 2025)
Key Players:
Alle Rechten Veerbehouden, Honeywell International Inc., Infineon Technologies AG, Intel Corporation, Marvell, Maxim Integrated, Omnivision, Qualcomm Technologies, Inc., Renesas Electronics Corporation and STMicroelectronics.
Key Development:
✅ February 2026: Global demand for custom AI-optimized ASICs accelerated as cloud service providers and hyperscale data centers expanded deployment of application-specific chips to enhance performance efficiency and reduce power consumption in large-scale AI workloads.
✅ January 2026: Semiconductor manufacturers strengthened partnerships with automotive OEMs to develop ASICs tailored for advanced driver-assistance systems (ADAS), autonomous driving platforms, and next-generation in-vehicle infotainment systems.
✅ December 2025: Adoption of ASICs in 5G infrastructure and edge computing devices increased, enabling low-latency processing, improved bandwidth optimization, and energy-efficient network management solutions.
✅ November 2025: Companies invested in advanced process nodes (5nm and below) to improve ASIC performance, integrating enhanced security features and on-chip AI acceleration to address cybersecurity and data privacy requirements.
✅ October 2025: Automation and AI-driven design tools were integrated into ASIC development workflows, reducing time-to-market and optimizing chip layout efficiency for high-volume manufacturing.
✅ August 2025: Consumer electronics brands expanded the use of ASICs in wearables, smart home devices, and AR/VR platforms to deliver power-efficient, compact, and high-performance processing capabilities.
✅ June 2025: Rising demand for energy-efficient computing solutions encouraged startups and fabless semiconductor firms to develop cost-optimized ASIC architectures for IoT devices, industrial automation, and blockchain applications.
Growth Forecast Projected:
The Global Application Specific Integrated Circuit Market is anticipated to rise at a considerable rate during the forecast period, between 2026 and 2033. In 2025, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Research Process:
Both primary and secondary data sources have been used in the global Application Specific Integrated Circuit Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Key Segments:
By Type: Full-Custom ASIC, Semi-Custom ASIC, Programmable ASIC
By Application: Wireless Communication, Inferencing Application, Acceleration and Storage, Process and Quality Control, Security and Surveillance, Others
By End-User: IT and Telecommunication, Automotive, Industrial, Consumer Electronics, Others
Regional Analysis for Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Benefits of the Report:
Chapter 1: Lays the foundation by defining the scope of the report, highlighting core market segments across regions, product types, and applications. It delivers a clear snapshot of current market size, growth potential, and how the industry is expected to evolve in both the near and long term.
Chapter 2: Spotlights the most impactful market insights, unveiling the transformative trends and forces shaping the future of the industry.
Chapter 3: Provides a deep dive into the competitive landscape of , covering revenue shares, strategic initiatives, and notable mergers & acquisitions that are reshaping the market.
Chapter 4: Presents detailed company profiles of leading players featuring financial performance, product portfolios, profit margins, and key milestones that set them apart in the industry.
Chapters 5 & 6: Break down revenue analysis at both regional and country levels, offering precise data on market size, growth drivers, and expansion opportunities across global markets.
Chapter 7: Analyzes the market by product type, spotlighting segment-specific opportunities and helping stakeholders identify untapped, high-growth areas.
Chapter 8 :Explores the market through application-based segmentation, assessing demand across industries and pinpointing downstream sectors with the strongest potential for growth.
Chapter 9: Maps the industry's supply chain in detail, tracing upstream and downstream activities to provide clarity on value creation across the ecosystem.
Chapter 10: Wraps up with a concise summary of the report's key insights distilling the most critical findings and strategic takeaways for decision-makers and stakeholders.
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FAQ
Q1: What is the current size of the Application Specific Integrated Circuit Market?
A: The Application Specific Integrated Circuit Market was valued at US$ 15.7 billion in 2022 and is forecasted to reach US$ 34.5 billion by 2030
Q2: How rapidly will the Market expand?
A: The Application Specific Integrated Circuit market is projected to grow at a CAGR of 8.3% between 2024 and 2031.
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Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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