Global Application Specific Integrated Circuit Market to Grow at a CAGR of 5.7% During the Period 2024-2032, Driven by Increased Use Across Sectors

The global application specific integrated circuit market is expected to be driven by increased usage in sectors such as medical, consumer electronics, industrial (automotive, telecommunications, electrical, etc.), aeronautics, space & defence, transport, and Internet of Things (IoT). North America, Europe and Asia are projected to be key markets.

An application specific integrated circuit (ASIC) refers to an integrated circuit developed for a particular application. Application specific integrated circuits are generally designed for products intended to have large production runs; a significant portion of required electronics are held on one integrated circuit. As designing application specific integrated circuits is a costly process, these are generally employed in high volume products. Today, cloud-based service providers, firms, and mobile carriers are increasing investments in new data centers and wired communications, and continually seeking specialized solutions that offer differentiation and competitive advantage (in domains such as high-speed computing, networking and storage applications).

Application specific integrated circuits enable vendors to develop significantly differentiated silicon solutions. These circuits provide deeply differentiated silicon solutions offering system-level performance or power advantages, capability to combine customer intellectual property with Broadcom and third-party IP blocks to develop highly integrated solutions, front-line process technology for enhanced density, performance and lesser power consumption, and advanced packaging alternatives to support system and board requirements.

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Application specific integrated circuits may be classified under three broad categories:

Full-Custom Application Specific Integrated Circuits - These are fully customized for a particular application. All photolithographic layers of the integrated circuit are wholly pre-defined, and there remains no scope for alteration during production.

Semi-Custom Application Specific Integrated Circuits - These are partially tailored to carry out different functions within the domain of their general application area. Such application specific integrated circuits permit some alteration during production, however, the masks for diffused layers are wholly pre-defined.

Platform Application Specific Integrated Circuits - These are developed from a defined set of methodologies, intellectual properties and a well-defined silicon design reducing the design cycle and minimizing costs of development. Platform application specific integrated circuits are made from predefined platform slices, with each slice being a preproduced device, platform logic or whole system. The usage of preproduced materials decreases development costs for these circuits.

Increasing use of application specific integrated circuits across sectors including medical, industrial (automotive, telecommunications, electrical, etc.), aeronautics, consumer electronics, space & defence, transport, and IoT is expected to stimulate the market. In the medical domain, applications of application specific integrated circuits include implantable ECG, EGM and bio impedance monitoring circuit, implantable leadless pacing circuit, ultrasonic transducer interfaces, implantable heart assistance system, ECG readout, power management chip, etc.

Aeronautics, space & defence applications include low-noise X-ray detector, high resolution RadHard Imager, multi channels ADC & digital filtering communication for control and command systems in aircraft, multichannel RX & TX with data processing for space telecommunication (internet by satellite), dataconverter for rover communication, multichannel ADC for missile guidance, dataconverter for earth observation (earthquake, tsunami, pollution), etc.

In the transport sector, applications include satellite connectivity for communication, infotainment, autonomous driving with monitoring of the environment to assist the driver, electrification with improved charging & batteries management.

Market Analysis by Product Type, Application and Region:

• By product type, the market is segmented into Full Custom ASIC, Semi-Custom ASIC, and Programmable ASIC.

• By application, the market is divided into Telecommunications, Industrial, Automotive, Consumer Electronics, and Others.

• By region, the market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

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