Application Specific Integrated Circuit Market Analysis

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 2024 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: