The Application Specific Integrated Circuit Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Application Specific Integrated Circuit Market?
The market size for the application specific integrated circuit has been expanding significantly in recent times. The market, which was worth $17.33 billion in 2024, is projected to increase to $18.46 billion in 2025. This represents a compound annual growth rate (CAGR) of 6.5%. The historical growth trend in the application specific integrated circuit market is due to a variety of factors.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Application Specific Integrated Circuit Industry?
The market for Application Specific Integrated Circuit is projected to reach a value of $24.45 billion in 2029, growing at a compound annual growth rate (CAGR) of 7.3%.
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What are the Key Growth Drivers Fueling the Application Specific Integrated Circuit Market?
The key drivers in the application specific integrated circuit market are:
• Rise in Internet of Things (IoT) devices and increased use of edge computing
• Evolution of automotive electronics
• Demand for energy-efficient solutions in various sectors
• Increased complexity in semiconductor design prompting innovative solutions and collaborations.
Global Market Segmentation: Identifying Major Application Specific Integrated Circuit Industry Segments
The application specific integrated circuit market covered in this report is segmented –
1) By Product: Full Custom ASIC, Semi-Custom ASIC, Programmable ASIC
2) By Application: Wireless Communication, Inferencing Applications, Acceleration And Storage, Video And Broadcast, Process And Quality Control, Security And Surveillance, Electrical Distribution
3) By End-Use Industry: IT And Telecommunication, Industrial, Media And Entertainment, Automotive, Healthcare, Aerospace, Consumer Electronics, Other End-users
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What are the Emerging Trends Shaping the Future of the Application Specific Integrated Circuit Market?
The key trends in the application specific integrated circuit market are:
• The emergence of 5G technology is playing a crucial role in shaping the future of the market.
• Rapid prototyping and reduced time-to-market are emerging as significant trends.
• Security concerns and the demand for solutions are now more influential in the market.
• Advances in process technologies and growing customization demand are also key trends.
Who Are the Top Competitors & Leading Players in the Application Specific Integrated Circuit Market?
Major companies in the application specific integrated circuit market are:
• Infineon Technologies AG
• Semiconductor Components Industries LLC
• OmniVision Technologies Inc.
• Tekmos Inc.
• Seiko Epson Corporation
• Socionext America Inc.
• Texas Instruments Incorporated
• STMicroelectronics N.V.
• Qualcomm
• Onsemi
• Maxim Integrated
• Broadcom Inc.
• Comport Data Inc.
• Fujitsu Limited
• NXP Semiconductors N.V
• Faraday Technology Corporation
• Micron Technology
• Intel Corporation
• ASIX Electronics
• Renesas Electronics Corporation
• IC’Alps
• Marvell Technology Group Ltd.
• Samsung Electronics
• LG Electronics
• Honeywell International Inc.
• eSilicon
• Cypress Semiconductor Corporation
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the application specific integrated circuit market in 2024
