Application Specific Integrated Circuit Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Type (Standard Cells, Gate Arrays), By Industry Vertical (Communication, Consumer Electronics, Automotive, Manufacturing), And By Geography- Forecasts From 2019 To 2024
- Published : Apr 2021
- Report Code : KSI061612431
- Pages : 114
The application specific integrated circuit market is projected to grow at a CAGR of 3.59% to reach US$19.436 billion by 2024, from US$15.732 billion in 2018. 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 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.
Increasing production of IoT-related devices.
The growing interest in cryptocurrencies.
In February 2019, Bitmain Technologies Limited launched the next generation 7nm ASIC chip ‘BM1397’ for mining crypto-currencies such as bitcoin and bitcoin cash.
Squire Mining Limited announced Gaonchips as the design house and Samsung Electronics as the foundry partner to manufacture its ASIC chips in Korea in September 2018.
Major industry players profiled as part of the report are HiSilicon Technologies Co., Ltd, Bitmain Technologies Limited, and STMicroelectronics among others.
Application Specific Integrated Circuit Market Scope:
|Market size value in 2018||US$15.732 billion|
|Market size value in 2024||US$19.436 billion|
|Growth Rate||CAGR of 3.59% from 2018 to 2024|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Type, Industry Vertical, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Bitmain Technologies Limited, HiSilicon Technologies Co., Ltd., STMicroelectronics, Dialog Semiconductor, Global Foundries, Broadcom, Integrated Detector Electronic AS, Renesas Electronics, HMT Microelectronics AG|
|Customization scope||Free report customization with purchase|
The application specific integrated circuit market has been analyzed through the following segments:
By Industry Vertical
Europe Middle East and Africa
Frequently Asked Questions (FAQs)
Q1. What will be the application specific integrated circuit market size by 2024?
A1. The application specific integrated circuit market is projected to reach a total market size of US$19.436 billion in 2024.
Q2. What are the growth prospects for application specific integrated circuit market?
A2. The global application specific integrated circuit market is projected to grow at a CAGR of 3.59% during the forecast period.
Q3. What is the size of global application specific integrated circuit market?
A3. Application Specific Integrated Circuit market was valued at US$15.732 billion in 2018.
Q4. What factors are anticipated to drive application specific integrated circuit market growth?
A4. The growing era of digitalization and anticipated increase in the number of machine learning projects is expected to drive the growth of application specific integrated circuit market.
Q5. Who are the major players in the application specific integrated circuit market?
A5. Major industry players profiled as part of the application specific integrated circuit market report are HiSilicon Technologies Co., Ltd, Bitmain Technologies Limited, and STMicroelectroincs among others.
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Force Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. APPLICATION SPECIFIC INTEGRATED CIRCUIT MARKET BY TYPE
5.1. Standard Cells
5.2. Gate Arrays
6. APPLICATION SPECIFIC INTEGRATED CIRCUIT MARKET BY INDUSTRY VERTICAL
6.2. Consumer Electronics
7. APPLICATION SPECIFIC INTEGRATED CIRCUIT MARKET BY GEOGRAPHY
7.2. Europe Middle East and Africa
7.2.3. United Kingdom
7.3. Asia Pacific
7.3.3. South Korea
8. COMPETITIVE INTELLIGENCE
8.1. Competitve Benchmarking and Analysis
8.2. Recent Investment and Deals
8.3. Strategies of Key Players
9. COMPANY PROFILES
9.1. Advanced Micro Design, Inc.
9.2. HiSilicon Technologies Co., Ltd.
9.4. Dialog Semiconductor
9.5. Global Foundries
9.7. Integrated Detector Electronic AS
9.8. Renesas Electronics
9.9. HMT Microelectronics AG
9.10. List is not exhaustive*
LIST OF FIGURES
LIST OF TABLES
Bitmain Technologies Limited
HiSilicon Technologies Co., Ltd.
Integrated Detector Electronic AS
HMT Microelectronics AG
List is not exhaustive*
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