An ASIC, or application-specific integrated circuit, is a microchip designed for a special application, such as a kind of transmission protocol or a hand-held computer.. ASICs can have different designs that allow specific actions to be taken inside a particular device. An ASIC can be found in almost any electronic device and its uses can range from custom rendering of images to sound conversion. As, ASICs are all custom-made and thus, available only with the company that designed them, they are considered to be proprietary technology. Features of ASIC chips such as low cost of production, less power consumption, increased reliability, and reduced footprint of the material drive the growth of the ASIC chip market.
Chips have become an intrinsic part of the production process, as they help increase the efficiency and precision through automation. Chips are used to keep a track of various parameters such as touch screen monitors & displays, flat screens, environment monitoring, Bluetooth function and other parameters to control the whole process and ease it through robots. The advances of smart technologies in consumer electronics like smartphones, tablets, laptops, wearables, digital cameras, TVs, gamming consoles and others driving the demand for ICs, which creates the need for ASIC chips. Thus, growing adoption of smartphones and increasing competition among vendors is driving the demand for ASIC Chips.
Factors such as advancements in chip technology, increase in demand for ASIC chip in consumer electronics, and a surge in demand for customizable ICs, have boosted the growth of the global ASIC chip market. However, lack of skilled workforce and increase in time consumption during development act as major restraints, thereby hampering the market growth. Furthermore, rise in adoption of ASIC chip in developing countries and increase in smart computing devices offers lucrative opportunities for the ASIC chip market growth globally.
The global ASIC chip market is analyzed by type, application, and region. Based on type, the market is analyzed across full custom, semi-based custom and programmable logic devices. On the basis of application, the market is divided into aerospace subsystem & sensor, wireless communication, medical instrumentation, telecommunication products, consumer electronics and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA along with their prominent countries.
The key players profiled in the report include as Belden Inc., Prysmian Group, Nexans, SAB Bröckskes GmbH & Co. KG, Siemon, Schneider Electric, Alpha wire., Siemens AG, CommScope, and Southwire Company, LLC.
The key players profiled in the report include AMD, Texas Instruments, on semiconductor, Xilinx, Samsung electronics ltd., TSMC, intel corporation, Infineon technologies, Bitmain, and NVIDIA. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to enhance their market penetration.
KEY BENEFITS FOR STAKEHOLDERS
GLOBAL ASIUC CHIP MARKET SEGMENTATION
By Type
By Application
By Region
KEY MARKET PLAYERS
Chips have become an intrinsic part of the production process, as they help increase the efficiency and precision through automation. Chips are used to keep a track of various parameters such as touch screen monitors & displays, flat screens, environment monitoring, Bluetooth function and other parameters to control the whole process and ease it through robots. The advances of smart technologies in consumer electronics like smartphones, tablets, laptops, wearables, digital cameras, TVs, gamming consoles and others driving the demand for ICs, which creates the need for ASIC chips. Thus, growing adoption of smartphones and increasing competition among vendors is driving the demand for ASIC Chips.
Factors such as advancements in chip technology, increase in demand for ASIC chip in consumer electronics, and a surge in demand for customizable ICs, have boosted the growth of the global ASIC chip market. However, lack of skilled workforce and increase in time consumption during development act as major restraints, thereby hampering the market growth. Furthermore, rise in adoption of ASIC chip in developing countries and increase in smart computing devices offers lucrative opportunities for the ASIC chip market growth globally.
The global ASIC chip market is analyzed by type, application, and region. Based on type, the market is analyzed across full custom, semi-based custom and programmable logic devices. On the basis of application, the market is divided into aerospace subsystem & sensor, wireless communication, medical instrumentation, telecommunication products, consumer electronics and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA along with their prominent countries.
The key players profiled in the report include as Belden Inc., Prysmian Group, Nexans, SAB Bröckskes GmbH & Co. KG, Siemon, Schneider Electric, Alpha wire., Siemens AG, CommScope, and Southwire Company, LLC.
The key players profiled in the report include AMD, Texas Instruments, on semiconductor, Xilinx, Samsung electronics ltd., TSMC, intel corporation, Infineon technologies, Bitmain, and NVIDIA. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to enhance their market penetration.
KEY BENEFITS FOR STAKEHOLDERS
- This study includes the analytical depiction of the global ASIC chip market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information regarding the key drivers, restraints, and opportunities.
- The current market is quantitatively analyzed from 2018 to 2026 to highlight the financial competency of the industry.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
GLOBAL ASIUC CHIP MARKET SEGMENTATION
By Type
- Full Custom
- Semi-Based Custom
- Programmable Logic Devices
By Application
- Aerospace Subsystem & Sensor
- Wireless Communication
- Medical Instrumentation
- Telecommunication Products
- Consumer Electronics
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
KEY MARKET PLAYERS
- AMD
- Texas Instruments
- On Semiconductor
- Xilinx
- Samsung Electronics Ltd.
- TSMC
- Intel Corporation
- Infineon Technologies
- Bitmain,
- NVIDIA
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Mems Sensor Market, By Type
Chapter 5: Asic Chip Market, By Application
Chapter 6: Asic Chip Market, By Region
Chapter 7: Competitive Landscape
Chapter 8: Company Profile
Executive Summary
According to the report titled 'ASIC Chip Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2018-2026', the global ASIC chip market was valued at $14.87 billion in 2018, and is projected to reach $28.05 billion by 2026, registering a CAGR of 8.61% from 2019 to 2026.Application-Specific Integrated Circuit (ASIC) is the type of integrated circuit (IC) that is designed for a specific purpose or specific application. An ASIC can improve speed as it is specifically configured to perform the desired function. Such type of chip is highly customized to provide superior performance in specific applications. However, ASIC cannot be altered once it is put into production.
The global ASIC chip market size is expected to witness high growth rate during the forecast period, owing to high usage in smartphones, major rise in the portable electronic market, increase in popularity of Internet of Things (IoT), and robust demand in the automation industry. Further, emerging trend of wearable devices, connected cars, smart watches, connected homes, and others are expected to offer new opportunities for market growth. Technological development by the emerging economies in Asia-Pacific boosts the ASIC chip market growth.
The ASIC chips are majorly used in data centers. The application of chips in varied data center applications such as network systems, telecommunication switching, cellular base stations, optoelectronics, and wireless products act as an opportunity for the market. By keeping these beliefs in mind, semiconductor leaders can create a new road map for winning in AI. AI finds growth opportunities in the technology stack, focusing on the impact of AI on hardware demand at data centers. It then examines specific opportunities within compute, memory, storage, and networking and act as major ASIC chip market trends globally.
Asia-Pacific occupies a major percentage in the global ASIC chip market in developing countries such as India, China, and Indonesia, as these countries are technologically advanced countries, which exhibit high demand for smart technologies and offer lucrative opportunity in the region.
On the basis of ASIC Chip market analysis, the semi-based custom segment generated the highest revenue in 2018, followed by the programmable logic device segment. The growth of the European ASIC chip market is mainly driven by factors such as rise in demand for advanced technology in consumer electronics, infrastructure, automation system, among others across the region. The major factors that affect the adoption rate of ASIC chip in North America include technological advancements and ongoing R&D activities in autonomous vehicles, healthcare, cyber security, and security & access control. Moreover, rapid developments in the Middle East, in terms of technological developments, and medical facilities fuel the growth of the LAMEA market.
The growth of the ASIC Chip market is driven by substantial growth in advancements in chip technology, increase in demand for ASIC chip in consumer electronics and rise in demand for customizable ICs has boosted the growth of the global market. However, lack of skilled workforce and time consuming process act as major restraints, thereby hampering the market growth. Furthermore, rising adoption of ASIC chip in developing countries and increase in smart computing devices offer lucrative opportunities for the ASIC chip market globally.
Key Finding of The Asic Chip Market:
By type, the semi-based custom segment generated the highest revenue in the market in 2018.
By application, the data processing systems segment generated the highest revenue in the market in 2018.
By region, Asia- Pacific generated the highest revenue in the market in 2018.
The key ASIC Chip market leaders profiled in the report include AMD, Texas Instruments, on semiconductor, Xilinx, Samsung electronics ltd., TSMC, intel corporation, Infineon technologies, Bitmain, NVIDIA. These key players adopted several strategies such as new product launch and development, acquisition, partnership & collaboration, and business expansion to an increase their ASIC Chip market share.
Companies Mentioned
- AMD
- Texas Instruments
- On Semiconductor
- Xilinx Inc.
- Samsung Electronics Ltd.
- TSMC
- Intel Corporation
- Infineon Technologies
- Bitmain Technologies Ltd.
- NVIDIA Corporation.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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