The global application specific integrated circuit market size reached USD 17.0 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 26.4 Billion by 2033, exhibiting a growth rate (CAGR) of 4.73% during 2025-2033. The market is driven by the rising utilization of various smart electronic devices, growing popularity of smartwatches for real-time tracking of physical activities, increasing adoption of mechatronics across industrial and automotive applications, and the escalating demand for ASIC in consumer electronics and telecommunication equipment.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2024
|
Forecast Years
|
2025-2033
|
Historical Years
|
2019-2024
|
Market Size in 2024 | USD 17.0 Billion |
Market Forecast in 2033 | USD 26.4 Billion |
Market Growth Rate (2025-2033) | 4.73% |
Increasing product demand in consumer electronics and diverse industry applications
The rising product demand in consumer electronics, such as smartphones, smartwatches, and tablets, among other products is bolstering the market. An ASIC is an integrated circuit that has been precisely developed to suit a specific application or purpose. These circuits allow for total assimilation of the entire system by integrating the functionality of numerous smaller and medium-sized integrated circuits into a single chip, assuring alignment with system requirements. As a result, integrated circuits are widely used in a variety of industries, including automotive, telecommunications, electrical and electronics, and medical. This, in turn, is expected to offer numerous application specific integrated circuit market recent opportunities.
Growing customization, efficiency, and high-volume production needs
Application-specific integrated circuits (ASICs) are customized integrated circuits (ICs) designed to meet certain criteria specifically. The IC is built and designed with applications and requirements in mind. ASIC is highly recommended for high volume production; therefore, it is widely utilized in several industries, such as manufacturing, automotive, and industrial, among others. Application-specific integrated circuits help to reduce chip size as they may execute numerous functionalities on a single chip. This is anticipated to increase demand for ASIC and exhibit a positive application specific integrated circuit market overview.
Increasing usage of ASIC technology in aerospace applications
ASICs are rapidly being employed in a variety of aircraft applications, including cockpit illumination control to correct for sunlight to night vision, onboard data handling protocols, and high-speed, high-accuracy accelerometer processing for inertial steering. Therefore, an increase in the use of ASIC technology in aerospace applications is expected to drive the market throughout the forecast period. The use of a field programmable gate array (FPGA) has several benefits for logic solutions in aeronautical applications. It offers excellent performance, powerful IP-like microprocessors, and memory interfaces in programmable devices. It may make these programmable devices more appealing for aerospace applications.
Furthermore, ASIC chips are utilized for aviation or marine security identification to verify that the bearer has passed the security screening. Some companies manufacture ASIC especially for aerospace applications. For instance, Honeywell International Inc. has developed custom ASICs of up to 15M gates. In addition, favorable government regulations are bolstering the adoption of advanced technologies, which is fueling the aerospace industry's growth. This, in turn, is leading to numerous application specific integrated circuit market recent developments.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on product type and application.
Breakup by Product Type:
Semi-custom ASIC (cell based) dominates the market
The report has provided a detailed breakup and analysis of the market based on the product type. This includes full custom ASIC, semi-custom ASIC (cell based), semi-custom ASIC (array based), and programmable ASIC. According to the report, semi-custom ASIC (cell based) represented the largest segment.
Within the semi-custom ASIC segment, the cell-based semi-custom ASIC sub-category had the highest share, accounting for the majority of global revenue. This can be linked to its digital-logic and electrical properties, which include inductance and capacitance. Such features offer higher electrical performance and component density. Furthermore, as advanced static random-access memory and internet protocol cores are integrated, cell-based ASICs are versatile and may be used across a wide range of products, regardless of design complexity, allowing for seamless system functionality. Unlike full custom ASICs, cell-based semi-custom ASICs use pre-designed logic cells, reducing development time and cost. This approach offers a compromise between customization and affordability, making it an attractive option for companies that need tailored solutions without the prohibitive costs associated with full custom designs, further contributing to their dominance in the market.
Breakup by Application:
Consumer electronics hold the largest share in the market
A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes telecommunication, automotive, consumer electronics, and others. According to the report, consumer electronics accounted for the largest market share.
The consumer electronics industry holds a sizable global market share and contributes to the positive application specific integrated circuit market outlook. This vertical is positioned to provide lucrative growth opportunities for all value chain stakeholders, owing primarily to the increasing use of application-specific integrated circuits in smartphones, tablets, and laptops around the world. ASICs provide numerous benefits, including low power consumption, IP security, compact size, and increased bandwidth. These integrated circuits are widely used in a variety of industries, including telecommunications, industrial, and healthcare, in addition to consumer electronics. Additionally, the rapid innovation cycle in consumer electronics drives the need for tailored solutions that can deliver specific functionalities, such as advanced graphics, high-speed connectivity, and enhanced battery life. The large-scale production and widespread adoption of consumer electronics further amplify the demand for ASICs in this segment, solidifying its position as the largest market share holder.
Breakup by Region:
North America leads the market, accounting for the largest application specific integrated circuit market share
The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America represents the largest regional market for application specific integrated circuit.
The North America region has emerged as a dominant force in the market during application specific integrated circuit market forecast period, resulting in a significant revenue share. This remarkable growth can be attributed to several key factors propelling the demand for ASICs in the region. There is a rising need for energy-efficient devices, driven by the region's rapid economic growth and rapid industrialization. Moreover, the growth of smartphones in the region is contributing significantly to market expansion. The rising penetration of these devices is creating a positive environment for ASIC market growth. Factors such as the ongoing process of digitization, the escalating adoption of high-tech gadgets, advancements in automotive electronics, and growing demand for miniaturization are also bolstering the market growth.
Report Features | Details |
---|---|
Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
|
Product Types Covered | Full Custom ASIC, Semi-Custom ASIC (Cell Based), Semi-Custom ASIC (Array Based), Programmable ASIC |
Applications Covered | Telecommunication, Automotive, Consumer Electronics, Others |
Regions Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered | Analog Devices Inc., Infineon Technologies AG, Intel Corporation, Maxim Integrated Products Inc., NXP Semiconductors N.V, ON Semiconductor, Qualcomm Incorporated, Renesas Electronics Corporation, STMicroelectronics N.V, Texas Instruments Incorporated, etc. |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |