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Global Programmable Application Specific Integrated Circuit (ASIC) Market Outlook to 2029

Market Research Reports | 2024 Edition | Report ID: BQ06748
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Global Programmable Application Specific Integrated Circuit (ASIC) Market Outlook to 2029

Report Description

The Programmable Application Specific Integrated Circuit (ASIC) is crucial for electronic devices, providing the necessary customization to enhance performance and efficiency, and playing a vital role in supporting the transition to advanced technological solutions. According to BlueQuark Research & Consulting, the global Programmable Application Specific Integrated Circuit (ASIC) Market is expected to grow sluggishly during the forecasted period. Factors such as the increasing demand for high-performance electronic devices and the rising need for energy-efficient solutions are the primary drivers of the Programmable Application Specific Integrated Circuit (ASIC) Market in the forecasted period. Additionally, advancements in semiconductor technology and government incentives for technological innovation are driving market growth. Further, the expanding applications of ASICs in various industries, such as telecommunications and automotive, are also boosting the market. Other factors include the integration of advanced features in ASICs and the development of more cost-effective production processes. However, ASICs' high initial development costs and the variability of regulations across regions hamper the forecasted global market.

The prime users of Programmable Application Specific Integrated Circuits (ASICs) are consumer electronics manufacturers, data centers, and telecommunications companies. ASICs are also utilized by automotive industries, healthcare devices, aerospace and defense sectors, and industrial equipment manufacturers.

Consumer and commercial electronics dominated the market. Data centers and telecommunications companies often use ASICs for logistical and operational purposes. ASICs, such as those used in CPUs and GPUs, are extensively utilized in various electronic devices and are preferred for their efficiency and performance. ASICs are also used for integrating advanced functionalities, optimizing power consumption, and enhancing processing capabilities. These circuits support a wide range of applications, including high-speed computing, network security, and signal processing, ensuring efficient and reliable operation of electronic systems.

ASICs are essential for powering a variety of electronic devices, supporting both everyday consumer use and complex industrial applications. ASIC technology is utilized by private electronics manufacturers, data centers, and communication networks. In addition, the development of technologically advanced ASIC solutions, such as AI accelerators and integrated power management systems, is expected to boost the industry's growth. These advancements include features like enhanced processing capabilities, real-time analytics, and improved energy efficiency.

The adoption of ASICs is surging owing to potential benefits such as reduced power consumption, increased performance, improved reliability, and enhanced customization. The evolving ASIC technologies, such as high-speed data processing and machine learning applications, are predicted to present the industry with future growth opportunities in this segment during the forecasted period. The custom ASIC segment is expected to witness exponential growth in the future due to the increasing demand for specialized solutions and the need for efficiency in various applications.

The rising prevalence of advanced electronics and the development of smart devices for better user experience are driving the need for this segment over the next few years. The consumer electronics segment is anticipated to exhibit a moderate growth rate during the forecasted period due to the expanding network of connected devices and technological advancements. The lack of sufficient standard solutions is expected to drive the urgency for custom ASIC development, presenting the segment with crucial growth opportunities soon.

The Asia Pacific region is anticipated to observe exponential growth during the forecasted period. The market is propelled by high R&D investment by global players and the rising commercialization of ASIC technologies developed by these players. The urgent need for developing new systems and replacing and upgrading electronic infrastructure is anticipated to offer the business lucrative growth opportunities over the forecast period. The growth of industries such as consumer electronics, automotive, healthcare, telecommunications, and industrial equipment requires stable and efficient technological solutions, increasing the demand for ASICs worldwide. The versatile uses of ASICs in various industries as a means to enhance performance and reduce operational costs contribute to the market's growth.

Using ASICs in telecommunications, healthcare, and industrial equipment enhances the efficiency of their operations, which decreases the overall cost of technology implementation. The adoption of advanced electronics and ASIC solutions is increasing worldwide due to rising technological advancements and government regulations promoting innovation. In smart cities, ASIC technology is integrated with smart infrastructure to improve efficiency and sustainability. Many corporations are adopting advanced ASIC solutions to enhance their technological capabilities and operational efficiency. Advanced ASIC solutions under smart technology frameworks fortify the technology network with vital data and efficiency.

ASICs are used to enhance or replace conventional electronic components in industries for a more sustainable and high-performance approach. In biotechnology, ASICs and advanced electronics are critical for reducing operational inefficiencies. In pharmaceuticals, advanced medical devices are used for more efficient healthcare operations. ASICs in refineries and manufacturing plants enhance energy efficiency and reduce emissions, which improves overall technological impact.

The major players in the worldwide market are Intel Corporation, Broadcom Inc., Qualcomm Technologies Inc., and Samsung Electronics Co., Ltd.

In June 2024, Envision Technology, a leading semiconductor company, signed a strategic agreement with a consortium of research institutions to develop next-generation ASIC technology for various applications. This collaboration aims to enhance processing capabilities, reduce power consumption, and improve efficiency.

In July 2024, Altair, a global leader in computational intelligence, announced that it had reached a definitive agreement to acquire all of the outstanding capital stock of Metrics Design Automation Inc., a Canadian company with a game-changing simulation as a-service (SaaS) business model for semiconductor electronic functional simulation and design validation.

Our Global Programmable Application Specific Integrated Circuit (ASIC) Market report provides deep insight into the current and future state of the ASIC market across various regions. The study comprehensively analyzes the market by segmenting based on geography, type (Full-Custom, Semi-Custom, and Programmable ASICs), and application (Consumer Electronics, Telecommunications, Automotive, Healthcare, and Others). The report examines the market drivers and restraints influencing the growth in detail. The study also covers emerging market trends, developments, opportunities, and challenges in the industry. This report includes an extensively researched competitive landscape section with prominent companies' profiles, market shares, and projects.

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  Table of Contents

1. Executive Summary

2. Research Scope and Methodology

3. Market Analysis

4. Industry Analysis

6. Regional Market Analysis

7. Key Company Profiles

8. Competitive Landscape

9. Conclusions and Recommendations
 

  This report helps to:-

  • Gain a deeper understanding of the impact of coronavirus on the Global ASIC Market.
  • Equip yourself with rigorous analysis and forward-looking insight into the Global ASIC Market across various regions.
  • Evaluate the industry's attractiveness and state of competition to identify opportunities and develop a strategy.
  • Understand uncertainty and discover how the region's most influential growth drivers and restraints will impact market development.
  • Assess market data and forecasts to understand how the demand for the Global ASIC Market evolves over the next five years across various regions.
  • Gain a comprehensive view of emerging market trends and developments to assess market opportunities.
  • Be better informed of your competition by accessing detailed information and analyzing key industry players.
  • Keep on top of M&A developments, JVs, and other agreements to assess the evolving competitive landscape and enhance your competitive position.

  Tables and charts

Global Pro

Table1: Global Programmable Application Specific Integrated Circuit (ASIC) Market Size, Market Growth & Market Forecast(in USD million) 2019-2029

Table2: Programmable Application Specific Integrated Circuit (ASIC) Market - Key Market Driver Impact

Table3: Programmable Application Specific Integrated Circuit (ASIC) Market - Key Market Restraint Impact

Table4: Programmable Application Specific Integrated Circuit (ASIC) Market - Key Market Opportunity Impact

Table5: Programmable Application Specific Integrated Circuit (ASIC) Market - List of Key Market Players

Table6: Global Programmable Application Specific Integrated Circuit (ASIC) Market Size, Market Growth & Market Forecast, By Region, (in USD million) 2019-2029

Table9: North America Programmable Application Specific Integrated Circuit (ASIC) Market Size, Market Growth & Market Forecast (in USD million) 2019-2029

Table10: United States Programmable Application Specific Integrated Circuit (ASIC) Market Size, Market Growth & Market Forecast (in USD million) 2019-2029

Table11: Canada Programmable Application Specific Integrated Circuit (ASIC) Market Size, Market Growth & Market Forecast (in USD million) 2019-2029

Table12: Mexico Programmable Application Specific Integrated Circuit (ASIC) Market Size, Market Growth & Market Forecast (in USD million) 2019-2029

Other Tables

Table13: Europe Programmable Application Specific Integrated Circuit (ASIC) Market Size, Market Growth & Market Forecast (in USD million) 2019-2029

Table14: United Kingdom Programmable Application Specific Integrated Circuit (ASIC) Market Size, Market Growth & Market Forecast (in USD million) 2019-2029

Table15: Germany Programmable Application Specific Integrated Circuit (ASIC) Market Size, Market Growth & Market Forecast (in USD million) 2019-2029

Table16: Italy Programmable Application Specific Integrated Circuit (ASIC) Market Size, Market Growth & Market Forecast (in USD million) 2019-2029

Table17: France Programmable Application Specific Integrated Circuit (ASIC) Market Size, Market Growth & Market Forecast (in USD million) 2019-2029

Table18: Spain Programmable Application Specific Integrated Circuit (ASIC) Market Size, Market Growth & Market Forecast (in USD million) 2019-2029

Table19: Rest of Europe Programmable Application Specific Integrated Circuit (ASIC) Market Size, Market Growth & Market Forecast (in USD million) 2019-2029

Table20: Asia-Pacific Programmable Application Specific Integrated Circuit (ASIC) Market Size, Market Growth & Market Forecast (in USD million) 2019-2029

Table21: China Programmable Application Specific Integrated Circuit (ASIC) Market Size, Market Growth & Market Forecast (in USD million) 2019-2029

Table22: India Programmable Application Specific Integrated Circuit (ASIC) Market Size, Market Growth & Market Forecast (in USD million) 2019-2029

Table23: Japan Programmable Application Specific Integrated Circuit (ASIC) Market Size, Market Growth & Market Forecast (in USD million) 2019-2029

Table24: South Korea Programmable Application Specific Integrated Circuit (ASIC) Market Size, Market Growth & Market Forecast (in USD million) 2019-2029

Table25: ASEAN Programmable Application Specific Integrated Circuit (ASIC) Market Size, Market Growth & Market Forecast (in USD million) 2019-2029

Table26: Rest of Asia-Pacific Programmable Application Specific Integrated Circuit (ASIC) Market Size, Market Growth & Market Forecast (in USD million) 2019-2029

Table27: South America Programmable Application Specific Integrated Circuit (ASIC) Market Size, Market Growth & Market Forecast (in USD million) 2019-2029

Table28: Brazil Programmable Application Specific Integrated Circuit (ASIC) Market Size, Market Growth & Market Forecast (in USD million) 2019-2029

Table29: Argentina Programmable Application Specific Integrated Circuit (ASIC) Market Size, Market Growth & Market Forecast (in USD million) 2019-2029

Table30: Rest of South America Programmable Application Specific Integrated Circuit (ASIC) Market Size, Market Growth & Market Forecast (in USD million) 2019-2029

Table31: Middle East & Africa Programmable Application Specific Integrated Circuit (ASIC) Market Size, Market Growth & Market Forecast (in USD million) 2019-2029

Table32: South Africa Programmable Application Specific Integrated Circuit (ASIC) Market Size, Market Growth & Market Forecast (in USD million) 2019-2029

Table33: Saudi Arabia Programmable Application Specific Integrated Circuit (ASIC) Market Size, Market Growth & Market Forecast (in USD million) 2019-2029

Table34: Rest of Middle East & Africa Programmable Application Specific Integrated Circuit (ASIC) Market Size, Market Growth & Market Forecast (in USD million) 2019-2029

Table35: Global Programmable Application Specific Integrated Circuit (ASIC) Market, By Application, (in USD million) 2019-2029

Table36: Programmable Application Specific Integrated Circuit (ASIC) Market in Consumer Electronics Application segment (in USD million) 2019-2029

Table37: Programmable Application Specific Integrated Circuit (ASIC) Market in Telecommunications Application segment (in USD million) 2019-2029

Table38: Programmable Application Specific Integrated Circuit (ASIC) Market in Automotive Application segment (in USD million) 2019-2029

Table39: Programmable Application Specific Integrated Circuit (ASIC) Market in Healthcare Application segment (in USD million) 2019-2029

Table40: Programmable Application Specific Integrated Circuit (ASIC) Market in Industrial Equipment Application segment (in USD million) 2019-2029

Table41: Programmable Application Specific Integrated Circuit (ASIC) Market in Others Application segment (in USD million) 2019-2029

Table42: North America Programmable Application Specific Integrated Circuit (ASIC) Market in Consumer Electronics Application segment (in USD million) 2019-2029

Table43: Europe Programmable Application Specific Integrated Circuit (ASIC) Market in Consumer Electronics Application segment (in USD million) 2019-2029

Table44: Asia-Pacific Programmable Application Specific Integrated Circuit (ASIC) Market in Consumer Electronics Application segment (in USD million) 2019-2029

Table45: South America Programmable Application Specific Integrated Circuit (ASIC) Market in Consumer Electronics Application segment (in USD million) 2019-2029

Table46: Middle East & Africa Programmable Application Specific Integrated Circuit (ASIC) Market in Consumer Electronics Application segment (in USD million) 2019-2029

Table47: North America Programmable Application Specific Integrated Circuit (ASIC) Market in Telecommunications Application segment (in USD million) 2019-2029

Table48: Europe Programmable Application Specific Integrated Circuit (ASIC) Market in Telecommunications Application segment (in USD million) 2019-2029

Table49: Asia-Pacific Programmable Application Specific Integrated Circuit (ASIC) Market in Telecommunications Application segment (in USD million) 2019-2029

Table50: South America Programmable Application Specific Integrated Circuit (ASIC) Market in Telecommunications Application segment (in USD million) 2019-2029

Table51: Middle East & Africa Programmable Application Specific Integrated Circuit (ASIC) Market in Telecommunications Application segment (in USD million) 2019-2029

Table52: North America Programmable Application Specific Integrated Circuit (ASIC) Market in Automotive Application segment (in USD million) 2019-2029

Table53: Europe Programmable Application Specific Integrated Circuit (ASIC) Market in Automotive Application segment (in USD million) 2019-2029

Table54: Asia-Pacific Programmable Application Specific Integrated Circuit (ASIC) Market in Automotive Application segment (in USD million) 2019-2029

Table55: South America Programmable Application Specific Integrated Circuit (ASIC) Market in Automotive Application segment (in USD million) 2019-2029

Table56: Middle East & Africa Programmable Application Specific Integrated Circuit (ASIC) Market in Automotive Application segment (in USD million) 2019-2029

Table57: North America Programmable Application Specific Integrated Circuit (ASIC) Market in Healthcare Application segment (in USD million) 2019-2029

Table58: Europe Programmable Application Specific Integrated Circuit (ASIC) Market in Healthcare Application segment (in USD million) 2019-2029

Table59: Asia-Pacific Programmable Application Specific Integrated Circuit (ASIC) Market in Healthcare Application segment (in USD million) 2019-2029

Table60: South America Programmable Application Specific Integrated Circuit (ASIC) Market in Healthcare Application segment (in USD million) 2019-2029

Table61: Middle East & Africa Programmable Application Specific Integrated Circuit (ASIC) Market in Healthcare Application segment (in USD million) 2019-2029

Table62: North America Programmable Application Specific Integrated Circuit (ASIC) Market in Industrial Equipment Application segment (in USD million) 2019-2029

Table63: Europe Programmable Application Specific Integrated Circuit (ASIC) Market in Industrial Equipment Application segment (in USD million) 2019-2029

Table64: Asia-Pacific Programmable Application Specific Integrated Circuit (ASIC) Market in Industrial Equipment Application segment (in USD million) 2019-2029

Table65: South America Programmable Application Specific Integrated Circuit (ASIC) Market in Industrial Equipment Application segment (in USD million) 2019-2029

Table66: Middle East & Africa Programmable Application Specific Integrated Circuit (ASIC) Market in Industrial Equipment Application segment (in USD million) 2019-2029

Table67: North America Programmable Application Specific Integrated Circuit (ASIC) Market in Others Application segment (in USD million) 2019-2029

Table68: Europe Programmable Application Specific Integrated Circuit (ASIC) Market in Others Application segment (in USD million) 2019-2029

Table69: Asia-Pacific Programmable Application Specific Integrated Circuit (ASIC) Market in Others Application segment (in USD million) 2019-2029

Table70: South America Programmable Application Specific Integrated Circuit (ASIC) Market in Others Application segment (in USD million) 2019-2029

Table71: Middle East & Africa Programmable Application Specific Integrated Circuit (ASIC) Market in Others Application segment (in USD million) 2019-2029

  Who need this report?

  • ASIC Manufacturing Companies
  • Consumer Electronics Manufacturers
  • Telecommunications Companies
  • Automotive Manufacturers
  • Healthcare Device Manufacturers
  • Aerospace & Defense Contractors
  • Industrial Equipment Manufacturers
  • Government Bodies and Industry Associations
  • Investor Community
  • Financing Companies
  • Others

  What's included

Report - Global Programmable Application Specific Integrated Circuit (ASIC) Market Outlook to 2029.pdf
Market Data - Global Programmable Application Specific Integrated Circuit (ASIC) Market Outlook to 2029.xls

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