According to a new market report published by Lucintel, the future of the ASIC chip market looks promising with opportunities in the data processing, consumer electronics, telecommunication system, industrial, and other industries. The global ASIC chip market is expected to reach an estimated $34.4 billion by 2027 with a CAGR of 7.2% from 2021 to 2027. The major drivers for this market are increasing advancement in chip technology, rising demand for customizable ICs, and growing usage in consumer electronic devices.
In this market, various types such as, semi-based custom, programmable logic device, and full custom are used in various end use industries. Lucintel forecasts that the semi-based custom ASIC chips will remain the largest segment over the forecast period due to its cost effectiveness, reduced risk, and time saving properties.
Within the ASIC chip market, telecommunication system will remain the largest end use market due to the growing demand from various telephone landline networks, mobile networks, and cable TV networks
Asia Pacific is expected to remain the largest market by value and volume and it is also expected to witness the highest growth over the forecast period due to the growth in consumer electronic devices & telecommunication products.
Emerging trend, which has a direct impact on the dynamics of the industry, includes advance 7-nm technology for ASIC fabrication and structured ASICs for 5G, AI, cloud, and edge workloads and development of ultra-small case size capacitors for portable electronic devices. AMD, ON Semiconductor Corporation, TSMC, Intel Corporation, and Infineon Technologies are among the major manufacturers of ASIC chip.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global ASIC chip market by type, end use industry, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global ASIC Chip Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global ASIC chip market by type, end use industry, and region as follows:
By Type [$M shipment analysis for 2016 – 2027]:
Semi-Based Custom
Programmable Logic Device
Full Custom
By End Use Industry [$M shipment analysis for 2016 – 2027]:
Data Processing System
Consumer Electronics
Telecommunication System
Industrial
Others
By Region [$M shipment analysis for 2016 – 2027]:
North America
United States
Canada
Mexico
Europe
United Kingdom
Germany
France
Asia Pacific
The Rest of the World
This 162-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. We offer market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.