Frequently asked questions
The global application specific integrated circuits (ASIC) market was valued at USD 15.2 Billion in 2022.
The application specific integrated circuits (ASIC) market is expected to grow at a CAGR of 5.5% between 2023 and 2030, reaching USD 23.32 Billion in 2030.
Digital ASICs is the leading segment by technology type, holding over 31% share in value in 2022.
The consumer electronics segment governs the global demand for application-specific integrated circuits (ASIC), holding a massive share of over 20% in 2022.
The GaAs ASICs segment will post the highest CAGR over the projection period.
North America is fueling the growth of the application specific integrated circuits (ASIC) industry, with over one-third share in 2022.
The top players include Infineon Technologies AG, Semiconductor Components Industries LLC, OmniVision Technologies, Tekmos Inc., Seiko Epson Corporation, Socionext America Inc., Intel Corporation, and Others.
Growing demand for specialized solutions and continuous technological advancements propel the ASIC industry.
Higher development costs and the risk of technological obsolescence present significant restraints for the ASIC industry.
Opportunities exist in emerging technologies and applications and the increasing demand for energy-efficient solutions in the ASIC industry.