Wilmington, Delaware, United States, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global application specific integrated circuit (ASIC) market is estimated to flourish at a CAGR of 8.3% from 2022 to 2031. According to Transparency Market Research, sales of Application Specific Integrated Circuit (ASIC) are slated to total US$ 34.49 billion by the end of the aforementioned period of assessment. The growing adoption of edge computing necessitates specialized ASICs for processing data closer to the source, fueling demand for tailored chips in edge devices.
ASICs optimized for AI and machine-learning applications cater to complex computing needs, fostering advancements in smart devices and autonomous systems. Rising interest in neuromorphic computing drives ASIC development for mimicking brain-like functionalities, paving the way for innovative AI-driven technologies and pattern recognition.
Get Sample PDF Research Report with Latest Industry Insights @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=17768
Some prominent manufacturers are as follows:
- Honeywell International Inc.
- Infineon Technologies AG
- Intel Corporation
- Marvell
- Maxim Integrated
- OMNIVISION
- Qualcomm Technologies, Inc.
- Renesas Electronics Corporation
- Semiconductor Components Industries, LLC
- STMicroelectronics
- Synopsys, Inc.
- TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION
ASICs designed for 5G network infrastructure deployment and optimization accommodate the high-speed, low-latency demands, influencing the market's technological evolution. Despite being nascent, ASICs focusing on quantum computing showcase the potential for revolutionary computational capabilities, impacting the future landscape of specialized integrated circuits.
Key Findings of the Market Report
- Field-programmable gate array (FPGA) leads the application specific integrated circuit (ASIC) market due to its adaptability and versatile functionality.
- Wireless Communication leads the Application Specific Integrated Circuit (ASIC) Market due to increased demand for specialized chips in connectivity solutions.
- IT & Telecommunication leads the Application Specific Integrated Circuit (ASIC) Market due to high demand for specialized chips in technology sectors.
Application Specific Integrated Circuit (ASIC) Market Growth Drivers & Trends
- Increasing complexity in automotive electronics propels the demand for specialized ASICs in advanced driver-assistance systems and vehicle connectivity solutions.
- Rising adoption of ASICs in medical devices and imaging systems drives innovation for improved diagnostics and treatment methodologies.
- ASICs tailored for industrial automation applications witness growth, enhancing manufacturing processes' efficiency, reliability, and precision.
- Robust demand for ASICs in aerospace and defense applications for avionics, radar systems, and secure communication fuels market expansion.
- ASICs cater to evolving consumer electronics demands, enabling enhanced functionalities and energy-efficient smart devices and wearables solutions
Customization Request for the Research Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=17768
Global Application Specific Integrated Circuit (ASIC) Market: Regional Profile
- North America, led by the United States, dominates the market with a robust semiconductor industry and extensive R&D investments. Key players like Intel and Qualcomm drive innovation, catering to various sectors like IT, telecommunications, and automotive, leveraging ASICs for specialized applications.
- In Europe, countries such as Germany and the UK excel in automotive electronics and industrial automation, fostering demand for customized ASICs. Companies like STMicroelectronics and Infineon Technologies lead advancements in ASIC technologies, catering to specific industry needs.
- The Asia Pacific showcases rapid market growth due to semiconductor manufacturing prowess in countries like China, Taiwan, and South Korea.
Competitive Landscape
The application specific integrated circuit (ASIC) Mmarket presents a competitive landscape dominated by key players like Intel Corporation, Qualcomm, and STMicroelectronics. These industry giants offer diversified ASIC solutions catering to various sectors, leveraging their technological expertise and expansive portfolios.
Emerging players like Xilinx and NVIDIA focus on niche markets, driving innovation in specialized ASIC designs. Collaborations, mergers, and acquisitions remain prominent strategies, influencing market consolidation.
The pursuit of performance optimization, energy efficiency, and cost-effectiveness drives intense competition, spurring continuous advancements in ASIC technologies and shaping the competitive dynamics within the global market.
Product Portfolio
- Marvell offers a comprehensive product portfolio, delivering semiconductor solutions for diverse industries. Their offerings include networking, storage, and connectivity solutions catering to data centers, automotive, and enterprise markets. Marvell's advanced ASICs, processors, and switches emphasize high performance, reliability, and innovation, meeting evolving technological demands across various sectors.
- Honeywell International Inc. delivers innovative technologies for various industries, specializing in aerospace, building technologies, and performance materials. Their product portfolio includes advanced safety, efficiency, and sustainability solutions across diverse global markets.
- Infineon Technologies AG is a leading semiconductor manufacturer specializing in power and sensor systems, automotive electronics, and security solutions. Their diverse portfolio encompasses cutting-edge semiconductor products driving technological advancements across multiple industries worldwide.
Application Specific Integrated Circuit (ASIC) Market: Key Segments
By Type
- Full-Custom ASIC
- Semi-Custom ASIC
- Array Based
- Cell Based
- Programmable ASIC
- Field-Programmable Gate Array (FPGA)
- Programmable Logic Device (PLD)
By Application
- Wireless Communication
- Inferencing Applications
- Acceleration and Storage
- Video & Broadcast
- Process and Quality Control
- Security and Surveillance
- Electrical Distribution
By End Use Industry
- IT & Telecommunication
- Industrial
- Media & Entertainment
- Automotive
- Healthcare
- Aerospace
- Consumer Electronics
- Others (Power and Energy, Semiconductor, etc.)
By Region
- North America
- South America
- Europe
- Asia Pacific
- Middle East & Africa
Buy this Premium Research Report: https://www.transparencymarketresearch.com/checkout.php?rep_id=17768<ype=S
More Trending Reports by Transparency Market Research –
Laser Interferometer Market- The industry was valued at US$ 240.2 Mn in 2021 and it is estimated to grow at a CAGR of 6.6% from 2022 to 2031 and reach US$ 438.6 Mn by the end of 2031
Circuit Breaker Market- The industry was valued at US$ 6.8 Bn in 2021 and it is estimated to grow at a CAGR of 7.4% from 2022 to 2031 and reach US$ 14.0 Bn by the end of 2031
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact:
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com
