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Industry Trends and opportunities in Application Specific Integrated Circuit (ASIC) Market
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Application specific integrated circuit (ASIC) market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with the CAGR of 8.1% in the forecast period of 2022 to 2029 and expected to reach USD 30,092.96 million by 2029.
By utilizing few steps or a range of steps, the process of building APPLICATION SPECIFIC INTEGRATED CIRCUIT (ASIC) MARKET research document takes place with the expert advice. The base year for calculation in the report is assumed as 2019 while the historic year is 2020 which suggests how the APPLICATION SPECIFIC INTEGRATED CIRCUIT (ASIC) market is going to perform in the forecast years by informing about the market definition, classifications, applications, and engagements. A range of definitions and classification of the ABC industry, applications of the ABC industry and chain structure are mentioned in the world class APPLICATION SPECIFIC INTEGRATED CIRCUIT (ASIC) marketing report.
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Market Analysis and Insights: Global Application Specific Integrated Circuit (ASIC) Market
An application-specific integrated circuit (ASIC) is an IC chip that is tailored to a specific application rather than being designed for broad usage. An ASIC is, for example, a chip that runs in a digital voice recorder or a high-efficiency video encoder (such as AMD VCE). Application-specific standard product (ASSP) chips are a middle ground between ASICs and industry-standard integrated circuits such as the 7400 or 4000 series. As MOS integrated circuit chips, ASIC chips are generally produced using metal-oxide-semiconductor (MOS) technology. The greatest complexity (and hence usefulness) available in an ASIC has expanded from 5,000 logic gates to over 100 million as feature sizes have dropped and design tools have improved over time. Microprocessors, memory blocks such as ROM, RAM, EEPROM, flash memory, and other significant building blocks are frequently included in modern ASICs. A SoC is a common moniker for such an ASIC (system-on-chip). A hardware description language (HDL), such as Verilog or VHDL, is frequently used by designers of digital ASICs to define the functioning of ASICs.
Global Application Specific Integrated Circuit (ASIC) Market Scope and Market Size
- Based on design type, the global application specific integrated circuit (ASIC) market is segmented into semi-custom, programmable and full custom. In 2022, semi-custom is expected to dominate in design type segment as with rapid adoption AI technologies and advanced sensor capabilities in autonomous vehicle or smart vehicle is hoisting the adoption of semi-custom ASIC design types. These semi-custom chips are broadly used as offer various feature such as less complexity, easy tailor/design, cost effective, better electrical performance, provide good control and other, therefore it is leading the market.
- Based on programming technology, the global application specific integrated circuit (ASIC) market is segmented into static RAM, antifuse, EEPROM, EPROM and others. In 2022, static-RAM is expected to dominate the programming technology segment as these RAM’s are widely used in high-speed registers, caches and used in graphics card. Due to upsurge in demands for cellular, IoT, AI, and big data analytics devices is heaving the adoption of static-RAM in such technologies, therefore it is dominating the market.
- Based on application, the global application specific integrated circuit (ASIC) market is segmented into consumer electronics, IT & telecommunication, data center & computing, medical, industrial, automotive and multimedia. In 2022, consumer electronics is expected to dominate the application segment of the market as with constant advancement in technology various new consumer electronics are out in the market which are adopted by the consumer. This wide adoption is encouraging semiconductor companies to constantly develop innovative and up-to-date consumer products. Some of the widely used consumer electronic devices in trend are notebooks, tablets, headphones, TVs, and smart wearables, this in fact is major reason for the dominance in the market.
Global Application Specific Integrated Circuit (ASIC) Market Country Level Analysis
The countries covered in global application specific integrated circuit (ASIC) market report are U.S., Canada, Mexico in North America, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, Rest of Europe in Europe, China, Japan, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, rest of Asia-Pacific (APAC) in Asia Pacific (APAC), South Africa, Saudi Arabia, U.A.E., Egypt, Israel, rest of Middle East and Africa (MEA) in Middle East and Africa (MEA), Brazil, Argentina, rest of South America in South America. In 2022, Asia-Pacific is anticipated to dominate the global application-specific integrated circuit (ASIC) market with a market share of 36.48% as the region has strong presence of major semiconductor manufacturing hub in developing countries such as China, Japan and South Korea. Also, China produces the most number of chips globally. Moreover, increasing penetration of smartphones, increasing demand for energy-efficient devices, increasing penetration of high-tech gadgets, development of automotive electronics, increased requirement of miniaturization, growing digitization, economic development, rapid industrialization is some of the factors which will continue to positively impact the demand for ASIC in the Asia-Pacific region.
Application Specific Integrated Circuit (ASIC) Market Share Analysis
Application specific integrated circuit (ASIC) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to application specific integrated circuit (ASIC) market.
Trending Players
Some of the major players operating in the application specific integrated circuit (ASIC) market are Texas Instruments Incorporated, Analog Devices, Inc., Renesas Electronics Corporation, Honeywell International Inc., Maxim Integrated, Lattice Semiconductor, Microchip Technology Inc., QuickLogic Corporation, Avnet Asic Israel Ltd., Cobham Limited, Socionext Inc., Semiconductor Components Industries, LLC, NXP Semiconductors, Qualcomm Technologies, Inc., MegaChips Corporation, EnSilica, Intel Corporation, Infineon Technologies AG, Xilinx, Achronix Semiconductor Corporation, GOWIN Semiconductor among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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MAJOR TOC OF THE REPORT
- Chapter One: Introduction
- Chapter Two: Market Segmentation
- Chapter Three: Market Overview
- Chapter Four: Executive Summary
- Chapter Five: Premium Insights
- Chapter Six: application specific integrated circuit (ASIC) market
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