Application Specific Integrated Circuits (ASIC) Market By Product (Full Custom Design Asic, Semi-Custom Design Asic, Programmable Asic), By Application (Consumer Electronics, Automotive, Telecommunication, Healthcare, Industrial) - Growth, Future Prospects And Competitive Analysis 2017 - 2025

Application-specific integrated circuits (ASICs) are defined as non-standard integrated circuits designed specifically for a particular application. In this case, the entire system or design is integrated into a single chip, virtually eliminating the need for any other components. Thus, ASICs are being seen as a potential milestone in the overall electronics industry. ASICs offer several advantages over general integrated circuits. Since ASIC eliminates the need for most of the additional components, the overall size of the system is reduced significantly. In addition, due to their small size, ASICs require low power and high speed as compared to general-purpose ICs. Moreover, there are no timing issues as the system comprises single-chip designs. As a result, ASICs have witnessed profound penetration across different applications over the course of time.

Another major factor propelling market growth is the consistently rising consumer electronics and telecommunications industries worldwide. Over the past few years, mobile devices such as smartphones, tablets, and laptops have witnessed immense penetration worldwide. In addition, the advent of "smart" technology has led to profound advancements across home appliances and other consumer electronics. Similarly, the ASIC market is strongly driven by the rising automotive industry, especially in the Asia-Pacific region. During the forecast period, the growing use of electronics in the industry would drive up demand for ASICs even more. Because of the expected continued growth in the consumer electronics and automotive industries, the ASIC market will exhibit healthy growth throughout the forecast period. However, the market's growth is remarkably hampered due to the high cost of design and manufacturing required for these ICs.

The report titled "Global Application Specific Integrated Circuits (ASIC) Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025" offers strategic insights into the global ASIC market along with the market size and estimates for the duration of 2015–2025. The said research study covers an in-depth analysis of market segments based on product type, and application and a cross-sectional study across different geographies and sub-geographical regions. The study covers the comparative analysis of different segments for the years 2016 and 2025. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities.

The report also includes competitive profiling of the leading ASIC vendors, their business strategy analysis, market positioning, and key developments to assist strategic decision-makers. Some of the major players profiled in the report are NXP Semiconductors NV, Texas Instruments, Inc., STMicroelectronics, Infineon Technologies AG, Renesas Electronics Corporation, and others.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the ASIC industry
  • Market fuelers, market impediments, and their impact on market growth
  • in-depth competitive environment analysis
  • Trailing 2-year market size data (2015–2016)
  • SRC (Segment, Region, Country) Analysis

Overall, the research study provides a holistic view of the global ASIC market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above-mentioned factors.

Based on the application, the global application-specific integrated circuit (ASIC) market is segmented into the following categories:

  • Consumer Electronics
  • Automotive
  • Telecommunication
  • Healthcare
  • Industrial
  • Others (aerospace, defense, environmental monitoring, etc.)

As of 2016, the global ASIC market was dominated collectively by the consumer electronics and automotive segments. The consumer electronics segment primarily comprises mobile devices (smartphones and tablets) and smart consumer appliances. With the rising adoption of smart appliances worldwide, the segment is estimated to continue strong growth throughout the forecast period. Advancements in connected home appliances are another major factor fueling the penetration of ASICs in the consumer electronics segment.

Further, the demand for ASICs in the automotive sector is primarily supported by the increasing use of electronics across different automotive modules. The most significant factor fueling segment growth is the steadily rising automotive industry across the globe. With the rising discretionary income of people worldwide, especially in the Asia Pacific region, the industry is estimated to continue witnessing steady growth in the coming years. This would significantly fuel the overall ASIC market in the coming years.

Frequently Asked Questions: 

The market for Application Specific Integrated Circuits (ASIC) Market is expected to reach At US$ 28 Bn in 2025.

The Application Specific Integrated Circuits (ASIC) Market is expected to see significant CAGR growth over the coming years, at XX.

The report is forecasted to 2017-2025

The base year of this report is 2016.

NXP Semiconductors NV,Texas Instruments, Inc.,STMicroelectronics NV,Infineon Technologies AG,Renesas Electronics Corporation are some of the major players in the global market.

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Published Date:  Apr 2017
Category:  Semiconductor & Electronics
Report ID:   58411
Report Format:   PDF
Pages:   120
Rating:    4.7 (70)
Delivery Time: 24 Hours to 48 Hours   
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