Application Specific Integrated Circuit Market Will Reach US$ 21.0 Bn by 2027

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The global Application Specific Integrated Circuit market size is expected to be worth around US$ 21.0 billion by 2027, according to a new report by Vision Research Reports.

The global Application Specific Integrated Circuit market size was valued at US$ 14.0 billion in 2019 and is anticipated to grow at a CAGR of 5.1% during forecast period 2020 to 2027.

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Growth Factors

The growing adoption of ASIC in the healthcare sector is expected to drive market over the forecast period. The healthcare sector uses ASIC in various equipment such as digital X-ray, Electrocardiography (ECG) machine, Computer Tomography (CT) machine, and an ultrasound machine.

The market is expected to witness an increase in demand at a global level owing to the growing use of application-specific integrated circuits (ASICs) in consumer electronics such as smartphones, and tablets. An ASIC is an integrated circuit specifically created for a specific application or purpose. These Integrated Circuits (ICs) are used to integrate all the electronic components on one chip. Also, these circuits can integrate the functions of several small and medium-sized integrated circuits that separately undertake some functions on a single chip, thereby assimilating the whole system on a single chip to recognize the system requirements. These ICs are used in various industries such as automotive, telecommunication, electrical and electronics, and medical.

The global application specific integrated circuits market is segmented based on end-use, type, and geography. By end-use, the global application specific integrated circuits market is divided into telecommunication, industrial, automotive, consumer electronics, and others. Others include domains such as medical, military and aerospace, auto emission control, sensors, and environmental monitoring. In terms of type, the market is divided into full-custom ASIC, semi-custom ASIC, and programmable ASIC. Semi-custom ASIC is sub divided into cell based ASIC and array based ASIC. Geographically, the application specific integrated circuits market can be segmented into North America, Asia Pacific, Europe, Middle East & Africa, and South America.

Report Highlights

The semi-custom ASIC segment held the largest market share of 48.2% in 2019 and is also anticipated to dominate the market for application specific integrated circuit over the forecast period. The growth is attributed to its low complexity and a wide scope of applications as compared to other segments.

The semi-custom ASIC is further bifurcated into two sub-segments, including cell based and array based. Besides, cell based ASIC held the largest share of approximately 70% in 2019, owing to its digital-logic and electrical features such as inductance and capacitance.

The full-custom ASIC segment is expected to register considerable growth by 2027. These ICs provide faster and reliable performance with intellectual property protection using a lesser amount of electrical power.

In 2019, the consumer electronics segment accounted for more than 34.2% of the global market share. The consumer electronics vertical is anticipated to offer significant growth opportunities for all the players involved in the value chain on the back of the increasing use of ASICs within phones, tablets, and laptops across the globe. These ASICs offer various advantages including low power consumption, IP security, small size, and higher bandwidth, leading to increased adoption of the ICs in the consumer electronics industry.

The industrial segment of the ASIC market is expected to witness considerable growth over the forecast period. Application specific integrated circuits replace traditional components such as solder joints and PCB traces with one IC, which in turn helps to reduce the chances of failure and offer reliable industrial systems. Furthermore, the increasing adoption of various components such as microcontrollers, programmable timer, and thermal controllers in industrial applications is propelling the market growth.

North America held a market share of more than 20.0% in 2019. The growth is attributed to the significant presence of prominent players in the region including Maxim Integrated Products Inc.; Qualcomm Inc.; Intel Corporation; and Texas Instruments Inc. In the current market scenario, the U.S. dominates the region.

Asia Pacific is anticipated to emerge as the fastest-growing region over the forecast period. The growth is attributed to the rapidly increasing demand for energy-efficient devices along with the rising penetration of smartphones in the region. Developing economies such as China, Japan, and India are also supporting market growth due to various factors such as growing digitization, growing penetration of high-tech gadgets, advancement of automotive electronics, and increased need for miniaturization.

Telecommunication industry anticipated to be a significantly lucrative market during the forecast period

Growing demand for telecommunication applications including system-on-chip (SoC) applications is projected to propel the revenue of the ASIC market in the coming years. Additionally, the growing use of application specific integrated circuits in consumer electronics industry for web browsing, e-mail, voice memo, answering machine, two-way paging, wireless PDA, and global positioning system are offering the consumer industry a prominent share in the global application specific integrated circuit market.

Semi-custom application specific integrated circuits expected to hold prominent share during the forecast period

The semi-custom application specific integrated circuits type is anticipated to hold the dominant share for the year 2018. This segment is driven by factors such as relatively easier design and cost effectiveness. Prominent adoption of application specific integrated circuits in the consumer electronics industry in Asia Pacific is likely to boost the growth of semi-custom application specific integrated circuits due to its prominent use. Furthermore, significant adoption of these circuits in industrial applications is likely to impact the growth of the segment during the forecast period.

Key Players

  • Infineon Technologies AG
  • Semiconductor Components Industries, LLC
  • OmniVision Technologies
  • Tekmos Inc.
  • Seiko Epson Corporation
  • Socionext America Inc.
  • Intel Corporation

Market Segmentation

ASIC Product Type Outlook 

  • Full Custom ASIC
  • Semi-Custom ASIC
    • Cell Based
    • Array Based
  • Programmable ASIC

ASIC Application Outlook

  • Telecommunication
  • Industrial
  • Automotive
  • Consumer Electronics
  • Others

ASIC Regional Outlook 

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Singapore
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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