Press Release

Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.

Global Application Specific Integrated Circuit Market to Grow at a CAGR of 5.7% During the Period 2022-2027, Driven by Increased Use Across Sectors

According to a new report by EMR titled, ‘Global Application Specific Integrated Circuit Market Report and Forecast 2022-2027’, the global application specific integrated circuit market is expected to grow at a CAGR of 5.7% during the period 2022-2027, led by applications in multiple 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.

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.

About Us

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

Contact Us:

Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.