The Application Specific Integrated Circuit Market is expected to grow from US$20.245 billion in 2025 to US$28.067 billion in 2030, at a CAGR of 6.75%.
An application-specific integrated circuit is a kind of integrated circuit that is designed for a particular purpose. The growing era of digitalization and anticipated increase in the number of machine learning projects is expected to drive the growth of application application-specific integrated circuit market.
Simultaneously, the rising investment in the development of IoT-related devices is further driving the revenue generation opportunities as IoT manufacturers are increasingly deploying custom-made ASICs to reduce the space on the chip and achieve the goal of optimized functioning of the device while consuming less power. Furthermore, the growing production of gaming consoles is boosting the demand for application-specific integrated circuits. Moreover, the rising interest in cryptocurrency is leading to the increasing development of integrated circuits, which are specifically designed for cryptocurrency mining, and thus, is further providing a revenue-generating opportunity for the manufacturers.
Major industry players profiled as part of the report are HiSilicon Technologies Co., Ltd, Bitmain Technologies Limited, and STMicroelectronics among others.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Application Specific Integrated Circuit Market Size in 2025 | US$20.245 billion |
| Application Specific Integrated Circuit Market Size in 2030 | US$28.067 billion |
| Growth Rate | CAGR of 6.75% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Forecast Unit (Value) | USD Billion |
| Segmentation |
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| Geographical Segmentation | Americas, Europe, Middle East and Africa, Asia Pacific |
| List of Major Companies in the Application Specific Integrated Circuit Market | |
| Customization Scope | Free report customization with purchase |
The application specific integrated circuit market has been analyzed through the following segments: