Industry Background:
The global Application Specific Integrated Circuit market is expected to witness high demand in the forecasted period due to growing adoption from the healthcare industries. Application Specific Integrated Circuit is the full version of ASIC. These circuits are application-specific, meaning they are custom-designed ICs for a specific application. These are frequently built from the ground up to meet the needs of the specific application. Chips used in toys, the chip used for memory and microprocessor interfacing, and so on are examples of fundamental application-specific integrated circuits.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | International Business Machines Corporation (United States), Microsoft Corp. (United States), Oracle Corp. (United States), SAP SE (Germany), Salesforce.com, Inc. (United States), Hewlett Packard Enterprise Company (United States), Alphabet Inc. (United States), ServiceNow, Inc. (United States), CA Technology Inc. (United States) and Compuware Corp. (United States) |
According to AMA, the market for Application Specific Integrated Circuit is expected to register a CAGR of 8.6% during the forecast period to 2030. This growth is primarily driven by Increasing Demand from the Consumer Electronics Industry and High Demand due to various features such as energy-efficient solutions, and low cost of implementation.
Globally, a noticeable market trend is evident The Upsurging demand for smartphones and tablets
The Semiconductors sector in the Asia Pacific region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as International Business Machines Corporation (United States), Microsoft Corp. (United States), Oracle Corp. (United States), SAP SE (Germany), Salesforce.com, Inc. (United States), Hewlett Packard Enterprise Company (United States), Alphabet Inc. (United States), ServiceNow, Inc. (United States), CA Technology Inc. (United States) and Compuware Corp. (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Application specific integrated circuit market is a fragmented market due to the presence of various players. Companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance, along with try to incorporate latest technology AI and MI. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Key Developments in the Market:
In March 2019, Infineon Technologies AG announced to launch XDPE132G5C, a 16-phase digital PWM multiphase controller. The launch was intended to expand its high current system chipset solutions product portfolio.
In December 2021, IBM partnered with Samsung Electronics and launched semiconductor design new vertical transistor architecture that demonstrates a path to scaling beyond Nano sheet with potential to reduce energy usage by 85 percent compared to a scaled fin field-effect transistor. This helped IBM to expand its presence in application specific integrated circuit market
Influencing Trend:
The Upsurging demand for smartphones and tablets and High Demand due to constantly increasing adoption of mechatronics across the industrial and automotive applications
Market Growth Drivers:
Increasing Demand from the Consumer Electronics Industry and High Demand due to various features such as energy-efficient solutions, and low cost of implementation
Challenges:
The concern related to factors such as the high cost of manufacturing customized circuits
Restraints:
The technological inconsistency in the semiconductor industry & electronics industry
Opportunities:
Technological advancements such as big data analytics, Internet of Things (IoT), blockchain, and machine learning
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Application Specific Integrated Circuit Market
- Analysis about New Entrants in Application Specific Integrated Circuit Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Application Specific Integrated Circuit Study Sheds Light on
The Application Specific Integrated Circuit Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Application Specific Integrated Circuit industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Application Specific Integrated Circuit industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.