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The global ASIC chip market was worth $20.46B in 2023 and is expected to reach $48.11B by 2031, a CAGR of 12% from $20.50B in 2024 to $48.11B in 2031.
Demand for application-specific integrated circuits (ASICs) is expected to be supported during the projection period by rising specialized circuit demand and increasing developments in chip technology. The ASIC chip industry is expected to experience growth in the future due to the increasing use of chips in various applications such as telecommunications, healthcare, automotive, and industrial. It is anticipated that both new and established ASIC chip producers would prioritize continuous innovation as their primary approach moving ahead.
Another promising future for ASIC chip producers is the widespread usage of automation across various industries, the proliferation of high-performance computing, and the widespread deployment of Internet of Things (IoT) devices and artificial intelligence. Because of its low power consumption and simple architecture, ASIC chips are favored by several users across various industries. One area where the demand for ASIC chips is skyrocketing is cryptocurrency mining.
It is believed that ASIC chip sales would continue to rise in the future due to the increasing popularity of System-on-chip (SoC) in various applications. Sales of application-specific integrated circuits (ASICs) are expected to rise over time due to the increasing demand for these types of semiconductors. On the other hand, a major obstacle that is expected to hinder the growth of the global ASIC chip market in the future is disruptions in the supply chain.
An ASIC chip's computational functions typically necessitate little power and a straightforward architecture. One of the most power-and speed-intensive applications for ASIC chips is Bitcoin mining, for example. Additionally, these chips have functions that allow them to save and retrieve data from memory. They often function in tandem with memory and other I/O devices as an integral component of a computer system.
The primary focus in developing ASICs was their potential use in consumer electronics and telecommunications devices. The market dynamics have been greatly affected by the rising usage of ASICs in industrial and manufacturing applications, especially in thermal controllers and 8-bit microcontrollers. By eliminating the need for several components—including printed circuit boards (PCBs) and solder joints—in favor of a single integrated circuit (IC), application-specific integrated circuits (ASICs) have the potential to revolutionize a wide range of markets. Industrial systems are now incredibly dependable because to this consolidation, which boosts efficiency and decreases failure likelihood.
Additionally, the unit cost of ASICs has been declining because to technology advancements like the blockchain, the Internet of Things (IoT), big data analytics, and machine learning; this has had a positive effect on markets worldwide. To facilitate the rapid transfer of corporate data throughout the IT network, the aforementioned innovations are finding widespread use in data center facilities, linked devices, and public clouds. Because of the benefits to operational expenses, enterprises are incorporating these ICs to enable the functioning of modern technologies in devices. The same holds true for the electronics industry: as technology advances, there will be an ongoing need to refine ASIC designs to meet the specific needs of consumers.
Tech behemoths like Intel, NVIDIA, and AMD are paying close attention to the surge in demand for ASICs. Conventional central processing unit and graphics processing unit markets are poised to be shaken up by ASICs. The TPU v4 supercomputer developed by Google is a well-known instance of how ASICs have impacted AI processing. The company increased its speed tenfold and significantly decreased energy usage by combining approximately four thousand TPUs with optical circuit switching. Thanks to Google's private optical circuit switches, which allowed for significant alterations to the system's interconnect topology, this achievement was made possible. Preparing the way for future advancements, the TPU v4 supercomputer demonstrates the promise of ASICs in artificial intelligence research and development. The introduction of ASICs to AI processing is a fresh breakthrough that can shake up the AI industry. since of their exceptional speed and efficiency, ASICs are ideal for extensive processing workloads since they offer a specialized solution for specific jobs. When thinking about AI's trajectory, ASICs are going to be crucial.
Report Coverage
Global ASIC Chip research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global ASIC Chip report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and ASIC Chip competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key ASIC Chip market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global ASIC Chip market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, ASIC Chip market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
On semiconductor, Infineon technologies, Texas instruments, ADVANCED MICRO DEVICES, INC., Xilinx, inc., Nvidia corporation, Intel corporation., Bitmain technologies ltd., Samsung electronics co. Ltd., Taiwan semiconductor manufacturing
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global ASIC Chip market based on the below-mentioned segments:
Global ASIC Chip Market, By Type
Full custom ASIC
Semi- custom ASIC
Programmable ASIC
Global ASIC Chip market, By Application
Aerospace Subsystem & Sensor
Telecommunication Products
Medical instrumentation
Data processing systems
Consumer Electronics
Others
Global ASIC Chip market, Regional Analysis
Demand for application-specific integrated circuits (ASICs) is expected to be supported during the projection period by rising specialized circuit demand and increasing developments in chip technology. The ASIC chip industry is expected to experience growth in the future due to the increasing use of chips in various applications such as telecommunications, healthcare, automotive, and industrial. It is anticipated that both new and established ASIC chip producers would prioritize continuous innovation as their primary approach moving ahead.
Another promising future for ASIC chip producers is the widespread usage of automation across various industries, the proliferation of high-performance computing, and the widespread deployment of Internet of Things (IoT) devices and artificial intelligence. Because of its low power consumption and simple architecture, ASIC chips are favored by several users across various industries. One area where the demand for ASIC chips is skyrocketing is cryptocurrency mining.
It is believed that ASIC chip sales would continue to rise in the future due to the increasing popularity of System-on-chip (SoC) in various applications. Sales of application-specific integrated circuits (ASICs) are expected to rise over time due to the increasing demand for these types of semiconductors. On the other hand, a major obstacle that is expected to hinder the growth of the global ASIC chip market in the future is disruptions in the supply chain.
An ASIC chip's computational functions typically necessitate little power and a straightforward architecture. One of the most power-and speed-intensive applications for ASIC chips is Bitcoin mining, for example. Additionally, these chips have functions that allow them to save and retrieve data from memory. They often function in tandem with memory and other I/O devices as an integral component of a computer system.
The primary focus in developing ASICs was their potential use in consumer electronics and telecommunications devices. The market dynamics have been greatly affected by the rising usage of ASICs in industrial and manufacturing applications, especially in thermal controllers and 8-bit microcontrollers. By eliminating the need for several components—including printed circuit boards (PCBs) and solder joints—in favor of a single integrated circuit (IC), application-specific integrated circuits (ASICs) have the potential to revolutionize a wide range of markets. Industrial systems are now incredibly dependable because to this consolidation, which boosts efficiency and decreases failure likelihood.
Additionally, the unit cost of ASICs has been declining because to technology advancements like the blockchain, the Internet of Things (IoT), big data analytics, and machine learning; this has had a positive effect on markets worldwide. To facilitate the rapid transfer of corporate data throughout the IT network, the aforementioned innovations are finding widespread use in data center facilities, linked devices, and public clouds. Because of the benefits to operational expenses, enterprises are incorporating these ICs to enable the functioning of modern technologies in devices. The same holds true for the electronics industry: as technology advances, there will be an ongoing need to refine ASIC designs to meet the specific needs of consumers.
Tech behemoths like Intel, NVIDIA, and AMD are paying close attention to the surge in demand for ASICs. Conventional central processing unit and graphics processing unit markets are poised to be shaken up by ASICs. The TPU v4 supercomputer developed by Google is a well-known instance of how ASICs have impacted AI processing. The company increased its speed tenfold and significantly decreased energy usage by combining approximately four thousand TPUs with optical circuit switching. Thanks to Google's private optical circuit switches, which allowed for significant alterations to the system's interconnect topology, this achievement was made possible. Preparing the way for future advancements, the TPU v4 supercomputer demonstrates the promise of ASICs in artificial intelligence research and development. The introduction of ASICs to AI processing is a fresh breakthrough that can shake up the AI industry. since of their exceptional speed and efficiency, ASICs are ideal for extensive processing workloads since they offer a specialized solution for specific jobs. When thinking about AI's trajectory, ASICs are going to be crucial.
Report Coverage
Global ASIC Chip research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global ASIC Chip report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and ASIC Chip competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key ASIC Chip market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2023 |
| Forecast Period | 2023-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | On semiconductor, Infineon technologies, Texas instruments, ADVANCED MICRO DEVICES, INC., Xilinx, inc., Nvidia corporation, Intel corporation., Bitmain technologies ltd., Samsung electronics co. Ltd., Taiwan semiconductor manufacturing |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of ASIC Chip Market from 2021 to 2031.
- Market Forecast for ASIC Chip Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, ASIC Chip competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on ASIC Chip
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global ASIC Chip market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, ASIC Chip market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
On semiconductor, Infineon technologies, Texas instruments, ADVANCED MICRO DEVICES, INC., Xilinx, inc., Nvidia corporation, Intel corporation., Bitmain technologies ltd., Samsung electronics co. Ltd., Taiwan semiconductor manufacturing
Primary Target Market
- Market Players of ASIC Chip
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global ASIC Chip market based on the below-mentioned segments:
Global ASIC Chip Market, By Type
Full custom ASIC
Semi- custom ASIC
Programmable ASIC
Global ASIC Chip market, By Application
Aerospace Subsystem & Sensor
Telecommunication Products
Medical instrumentation
Data processing systems
Consumer Electronics
Others
Global ASIC Chip market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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