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The Global ASIC Chip Market size is expected to reach $24.7 billion by 2025, rising at a market growth of 8.2% CAGR during the forecast period. Application Specific Integrated Circuit (ASIC) is the kind of integrated circuit (IC) for a particular purpose or application. An ASIC will boost performance because the desired feature is specifically designed to perform. These chip forms are highly customized to deliver superior performance in specific applications. However, once it is put into production, ASIC cannot be changed.

ASIC’s market growth can be related to the increased demand for ASIC in the consumer electronics sector due to energy-efficient solutions and low implementation costs. On the basis of the complexity of the design, two or three ASICs are used by automotive manufacturers. Premium vehicle manufacturers use three ASICs for crash bags, air sensing, and audio amplifiers. Increasing demand for electric vehicles would increase the use of ASICs in the automobile industry. The demand for application-specific ICs is also growing in other applications, like smart cards. The growing acceptance of contactless payments has an impact on the growth of the smart card IC industry. The growing penetration of mobile internet has increased transactions through smartphones and tablets, boosting the demand for EMV cards.

Based on Application, the market is segmented into Data Processing Systems, Consumer Electronics, Telecommunication Systems, Aerospace Subsystem & Sensors, Medical Instrumentation and Others. Based on Type, the market is segmented into Semi- Based Custom, Programmable Logic Devices and Others. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. The U.S. is the fastest adopter of technology due to high growth in consumer electronics products, new automotive technology such as electric and hybrid vehicles, healthcare monitoring systems, and others. An increase in people’s disposable income in the U.S. drives chip sales in this region. Therefore, growth in the semiconductor industry combined with an increase in trends.

The major strategies followed by the market participants are Product launches and Partnerships & Collaborations. Based on the Analysis presented in the Cardinal matrix, Intel Corporation and Samsung Electronics Co., Ltd. (Samsung Group) are some of the forerunners in the ASIC Chip Market. The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Advanced Micro Devices, Inc., Samsung Electronics Co., Ltd. (Samsung Group), ON Semiconductor Corporation, Xilinx, Inc., Taiwan Semiconductor Manufacturing Company Limited (TSMC), Intel Corporation, Infineon Technologies AG, Bitmain Technologies Holding Company, Nvidia Corporation, and Texas Instruments, Inc.

Scope of the Study
Market Segmentation:

By Application

  • Data Processing Systems
  • Consumer Electronics
  • Telecommunication Systems
  • Aerospace Subsystem & Sensors
  • Medical Instrumentation
  • Others

By Type

  • Semi- Based Custom
  • Programmable Logic Devices
  • Others

By Geography

North America
  • US
  • Canada
  • Mexico
  • Rest of North America
Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled

  • Advanced Micro Devices, Inc.
  • Samsung Electronics Co., Ltd. (Samsung Group)
  • ON Semiconductor Corporation
  • Xilinx, Inc.
  • Taiwan Semiconductor Manufacturing Company Limited (TSMC)
  • Intel Corporation
  • Infineon Technologies AG
  • Bitmain Technologies Holding Company
  • Nvidia Corporation
  • Texas Instruments, Inc.