"Smart Strategies, Giving Speed to your Growth Trajectory"

Application Specific Integrated Circuit Market Size, Share & Industry Analysis, By ASIC Type (Programmable ASIC, Full Custom ASIC, Semi-Custom ASIC), By End-User (Consumer Electronics, Automotive, Telecommunication, Healthcare, Others) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI104779 | Status : Ongoing



Application specific integrated circuit (ASIC) is the tailored-made integrated circuits (ICs) designed for providing specific requirements only. The particular IC is manufactured and designed considering its applications and requirements. The application of ASIC is majorly recommended for the high volume of production, thus it is vastly used across industries such as manufacturing, automotive, industrial among others. The application specific integrated circuits help in reducing the chip size as it is capable of performing multiple functions on a single chip. Also, the chips offer high speed and efficiency that are required for today's’ advanced technologies. This is likely to boost the demand for ASIC.

The application of ASIC can be majorly observed in the consumer electronics. It supports with long battery life and high bandwidth that helps the electronic equipment to run efficiently for a longer time. The growing demand for smartphones, smartwatches, smart machines, and more are likely to drive the ASIC market growth. Similarly, it is witnessing vast applications in technologies such as IoT devices, cloud computing, data analytics, blockchain among others, where fast data transfer speed is essential.  However, the high customization cost and circuit designing cost is likely to hinder the market growth. 

Up Arrow

Key Market Driver -

• Rapidly increasing adoption of cryptocurrency is expected to drive the market opportunity of application specific integrated circuit • Digital revolution and Industry 4.0 is likely to boost the demand for application specific integrated circuit

Down Arrow

Key Market Restraint -

• High cost is likely to hinder the market growth

Key Players Covered:

Some of the key players in the global application specific integrated circuit are Broadcom, Comport Data, FUJITSU, Infineon Technologies AG, Intel Corporation, Renesas Electronics Corporation, OmniVision Technologies, Inc., Semiconductor Components Industries, LLC, Seiko Epson Corporation, Socionext America Inc., IC’Alps, Marvell Technology Group Ltd., Samsung Electronics, Tekmos Inc., Texas Instruments Inc., STMicroelectronics N.V, LG Electronics among others. The key companies are targeting on increasing customer base to boost the brand position. Similarly, companies are focusing on business expansion across the globe.

Regional Analysis

Asia Pacific is expected to showcase rapid growth during the forecast period owing to the increasing demand for advanced technology such as IoT, artificial intelligence, connected devices, machine learning, among others. The countries such as China, India, South Korea, Japan among others are highly investing in automation, digitalization, miniaturization, among others, which is likely to drive the demand for application specific integrated circuits. These countries are also witnessing the rapid penetration of smartphones, thereby boosting the demand for ASIC. Similarly, the Middle East & Africa and South America are expected to show steady growth during the forecast period. The GCC government is keen on investing in digital transformation for further developments and it is majorly focused on IoT, automation, and data center technology. This is expected to drive the market.

North America is expected to dominant the market during the forecast period. The continuous developments in the field of cryptocurrency, connected healthcare devices, advanced consumer electronic products, and more is expected to boost the ASIC demand. Europe is also likely to show significant growth in the ASIC market. The rapidly growing automotive industry is further expected to boost the demand for application specific integrated circuits.   

To gain extensive insights into the market, Request for Customization




By ASIC Type

  • Programmable ASIC

  • Full Custom ASIC

  • Semi-Custom ASIC

By End-User

  • Consumer Electronics

  • Automotive

  • Telecommunication

  • Healthcare

  • Others (Manufacturing, Industrial, etc.)

By Geography

  • North America (United States, Canada, and Mexico)

  • South America (Brazil, Argentina, and Rest of South America)

  • Europe (U.K., Germany, France, Italy, Spain, Russia, Benelux, Nordics, and Rest of Europe)

  • Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, and Rest of the Middle East & Africa)

  • Asia Pacific (Japan, China, India, South Korea, ASEAN, Oceania, and Rest of Asia Pacific)

Key Industry Developments

  • June 2020 – IC’Alps, a France based ASIC designer and supplier launched dedicated website for application specific integrated circuits. Through the website company will provide ASIC content, news, use cases, application among others.

  • July 2020: Marvell Technology Group Ltd announced the launch of application specific integrated circuit ASIC as a Services. The company is offering ASIC SoC services in-line with Marvels current businesses such as Automotive, Enterprise Networking, Aerospace, 5G and Cloud Data Centers. 

  • Ongoing
  • 2023
  • 2019-2022

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Information & Technology Clients

Go daddy

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.