Application Specific Integrated Circuit (ASIC) Market Size & Share, by Type (Full Custom, Semi-Custom, Programmable); Application (Wireless Communication, Inferencing Application, Acceleration & Storage, Video & Broadcast, Process & Quality Control, Security & Surveillance, Electrical Distribution); End-User (Consumer Electronics, Automotive, Telecommunication, Healthcare, Aerospace, Media & Entertainment) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

  • Report ID: 5533
  • Published Date: Nov 08, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2025-2037

Application Specific Integrated Circuit Market size was valued at USD 21.37 billion in 2024 and is expected to reach USD 47.87 billion by 2037, expanding at around 6.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of application specific integrated circuit is assessed at USD 22.46 billion.

The market demand is growing as there are advantages to using field-programmable gate arrays (FPGAs) for logic solutions in aerospace applications. It provides programmable devices with memory interfaces, state-of-the-art IP-like microprocessors, and exceptional performance capabilities. This could make these programmable electronics more appealing for use in airplane applications. ASIC chips are also used for identity verification in aviation or maritime security to confirm that the bearer has completed the security examination. For instance, an FPGA's logic blocks can be set up to operate as straightforward logic gates like AND and XOR or to carry more intricate combinational operations. Simple flip-flops or more extensive memory blocks can be found as memory elements in most FPGA logic blocks.

Another factor that will help the application specific integrated circuit industry to rise is the increasing use of tablets and smartphones across the world. With over 50% of mobile phones in the United States already being smartphones, the fast adoption of these devices is expected to continue.

Through the integration of several smaller and medium-sized integrated circuit functions into a single chip, application specific integrated circuit (ASIC) circuits allow for the full integration of the entire system, guaranteeing compliance with system specifications.


Get more information on this report: Request Free Sample PDF

Application Specific Integrated Circuit Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing need for ASIC in the automotive industry - The need for ASICs in the automotive industry is mainly supported by the growing use of electronics in various automotive modules. From April 2022 to March 2023, the industry produced 2,59,31,867 vehicles, including passenger cars, commercial vehicles, three-wheelers, two-wheelers, and quadricycles, compared to 2,30,40,066 units in April 2021 to March 2022.
  • Technological developments will open up new market opportunities - The unit cost of application specific integrated circuits has been declining due to the development of technologies like big data analytics, blockchain, the Internet of Things (IoT), and machine learning.

    Because of the aforementioned advancements' extensive use in data center architecture, networked devices, and public clouds, organizational data can travel throughout the IT network more swiftly. Thus, to reduce operating expenses, companies are adopting these ICs to enable the use of cutting-edge technology in gadgets.
  • The growing consumer electronics sector is fuelling the expansion of the market - The need for ASICs has increased over the past few decades because of their beneficial qualities, which include lower power consumption, higher integration, intellectual property protection, and higher functionality.

    The increasing investment in the development of advanced integrated circuits is contributing to the growth of the application specific integrated circuits (ASICs) market revenue. Using ASICS can be quite beneficial for many high-volume applications, regardless of how costly an ASIC design may be, and it is possible to alter the ASIC design to meet the requirements of the product specifications. With ASIC, fewer extra components are needed because a significant amount of the entire design can be contained in a single integrated circuit.

Challenges

  • One of the main market constraints is high cost - The cost of developing integrated circuits tailored to a particular application is high, and to save costs, customization can be applied at many different levels. As a result, it is anticipated that the application specific integrated circuit market will grow slowly over the next several years due to issues with functional reliability, the high cost of creating custom circuits, and the difficulty of developing circuits.
  • Longer time to market and design cycles than off-the-shelf options may hinder the market growth.
  • Limited ability to adjust and change course in response to new demands

Application Specific Integrated Circuit (ASIC) Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

6.4%

Base Year Market Size (2024)

USD 21.37 billion

Forecast Year Market Size (2037)

USD 47.87 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Get more information on this report: Request Free Sample PDF

Application Specific Integrated Circuit Segmentation

End-User (Consumer Electronics, Automotive, Telecommunication, Healthcare, Aerospace, Media & Entertainment, Industrial)

The consumer electronics segment is estimated to hold the largest application specific integrated circuit market share of about 35% between 2025 and 2037. This vertical is expected to offer profitable growth opportunities for all parties involved in the value chain, mainly due to the increasing global use of application specific integrated circuits in laptops, tablets, and smartphones. As of 2023, there are 1.28 billion tablet users worldwide, according to a recent report. In 2022, tablet users in the US spent an average of 7.42 minutes using the device.

Due to its numerous benefits, such as reduced power consumption, IP security, small size, and increased bandwidth, ASICs are becoming increasingly popular in the consumer electronics sector. The fast development of electronic gadgets has also made it possible for increased stability and energy efficiency, which is driving the market expansion. These integrated circuits (ICs) have a wide range of uses outside of the consumer electronics industry, including the telecommunications, industrial, and healthcare sectors.

Type (Full Custom ASIC, Semi-Custom ASIC, Programmable ASIC)

The semi-custom ASIC segment in the application specific integrated circuit market is projected to hold the largest revenue share of about 45% through 2037. Its broad range of applications and relatively lower complexity as compared to the other segments are the reasons for its rise. Three different types of ASICs are often offered by manufacturers in the ASIC market: programmable, full-custom, and semi-custom ASICs.

This is explained by its electrical and digital-logic characteristics, which include things like capacitance and inductance. High component density and enhanced electrical performance are made possible by these attributes. Furthermore, because powerful static random-access memory and internet protocol cores are integrated into cell-based ASICs, they are versatile and can be applied to a wide range of products, regardless of design complexity, enabling smooth system operation.

Our in-depth analysis of the global market includes the following segments:

     Type

  • Full Custom ASIC
  • Semi-Custom ASIC
  • Programmable ASIC

     Application

  • Wireless Communication
  • Inferencing Application
  • Acceleration & Storage
  • Video & Broadcast
  • Process & Quality Control
  • Security & Surveillance
  • Electrical Distribution

     End-User

  • Consumer Electronics
  • Automotive
  • Telecommunication
  • Healthcare
  • Aerospace
  • Media & Entertainment
  • Industrial

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Application Specific Integrated Circuit Industry - Regional Synopsis

APAC Market Statistics

Application specific integrated circuit market in the Asia Pacific region is attributed to holding the largest revenue share of about 30% by 2037. The tremendous development in demand for ASICs in the region can be ascribed to multiple critical aspects.

First, the region's fast economic expansion and growing industrialization are driving a surge in demand for energy-efficient gadgets. Furthermore, the Asia Pacific region's widespread use of smartphones has also aided in the market's growth. market expansion is encouraged by the increasing use of these devices, particularly in developing nations like China, Japan, and India. The Asia-Pacific region's smartphone adoption rate increased from 64 percent in 2019 to 76 percent in 2022. In APAC, smartphone use was predicted to surpass 90% by 2030.

North American Market Analysis

The application specific integrated circuit market in the North America region is expected to hold 27% of the revenue share in the upcoming years. One of the main reasons for the growth in the region is the substantial presence of well-known companies, such as Texas Instruments Inc., Qualcomm Inc., Intel Corporation, and Maxim Integrated Products Inc., North America is dominated by the United States in the current market environment.

The United States has experienced significant advancements in several areas, including healthcare monitoring systems, electric and hybrid automobiles, and consumer electronics. North America is home to a large number of ASIC manufacturers and solution providers due to its early adoption of the technology.

Research Nester
Get more information on this report: Request Free Sample PDF

Companies Dominating the Application Specific Integrated Circuit Landscape

    • Intel Corporation
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Faraday Technology Corporation
    • Infineon Technologies AG
    • ASIX Electronics
    • OmniVision Technologies, Inc.
    • Semiconductor Components Industries, LLC
    • Tekmos Inc.
    • Marvell
    • IC’Alps
    • Samsung Electronics

In the News

  • Marvell introduced a unique custom ASIC offering that addresses the stringent necessities of next-generation 5G carriers, cloud data centers, enterprise, and automotive applications. This custom ASIC solution enables several customization options and a differentiated approach with standard product IP, embedded memories, high-speed SerDes, networking, security, and a wide range of storage controllers and accelerators.
  •  IC’Alps, a France-based ASIC designer and supplier launched a dedicated website for application specific integrated circuits. Through the website company will provide ASIC content, news, use cases, and applications among others. is a one-stop destination for microelectronics experts and newbies with product innovation requiring the integration of electronic functions. The website offers easy-to-read content and graphics on the applications and advantages of application specific integrated circuits (ASIC), practical information about the expertise required to design application specific integrated circuits, and easy access to information about IC’Alps and our range of services.

Author Credits:  Abhishek Verma


  • Report ID: 5533
  • Published Date: Nov 08, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of application specific integrated circuit is assessed at USD 22.46 billion.

The application specific integrated circuit market size was valued at USD 21.37 billion in 2024 and is expected to reach USD 47.87 billion by 2037, expanding at around 6.4% CAGR during the forecast period i.e., between 2025-2037. Advantages of using field-programmable gate arrays (FPGAs) for logic solutions in aerospace applications will drive the market growth.

Asia Pacific industry is set to dominate majority revenue share of 30% by 2037, impelled by tremendous development in demand for ASICs in the region.

The major players in the market include Intel Corporation, Faraday Technology Corporation, Infineon Technologies AG, ASIX Electronics, OmniVision Technologies, Inc., Semiconductor Components Industries, LLC, Tekmos Inc., Marvell, IC’Alps, Samsung Electronics
Application Specific Integrated Circuit Market Report Scope
logo
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying
Inquiry Before Buying Request Free Sample