PUBLISHER: The Business Research Company | PRODUCT CODE: 1921365
PUBLISHER: The Business Research Company | PRODUCT CODE: 1921365
An application-specific integrated circuit (ASIC) is a type of integrated circuit that has been specifically optimized for a particular application. Because it is tailored to perform a specific task, an ASIC can operate more quickly and efficiently than a programmable logic device or a standard logic integrated circuit, which are designed for more general purposes.
The main types of Application-Specific Integrated Circuits include Full Custom ASICs, Semi-Custom ASICs, and Programmable ASICs. A Full Custom ASIC incorporates fully customized logic cells and all personalized mask layers. Various applications for ASICs span wireless communication, inferencing applications, acceleration and storage, video and broadcast, process and quality control, security and surveillance, and electrical distribution. These applications find use across industries such as telecommunications, industrial, media and entertainment, automotive, healthcare, aerospace, consumer electronics, and others.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs have influenced the ASIC market by increasing costs for imported wafers, photolithography materials, packaging substrates, and fabrication equipment sourced globally. IT, telecommunications, automotive, and industrial segments in Asia-Pacific, Europe, and North America experience cost escalations and procurement delays due to supply chain dependencies. Nevertheless, tariffs are motivating regional fabrication investments, localized packaging operations, and innovation in cost-efficient ASIC manufacturing strategies, strengthening long-term industry competitiveness.
The application specific integrated circuit market research report is one of a series of new reports from The Business Research Company that provides application specific integrated circuit market statistics, including application specific integrated circuit industry global market size, regional shares, competitors with application specific integrated circuit market share, detailed application specific integrated circuit market segments, market trends, and opportunities, and any further data you may need to thrive in the application specific integrated circuit industry. This application specific integrated circuit market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The application specific integrated circuit market size has grown strongly in recent years. It will grow from $18.1 billion in 2025 to $19.29 billion in 2026 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to early deployment in telecommunications switching, adoption in consumer electronics controllers, reliance on generic logic-based ICs, growth in industrial automation electronics, expansion of early media processing chips.
The application specific integrated circuit market size is expected to see strong growth in the next few years. It will grow to $24.89 billion in 2030 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to rising demand for application-specific accelerators, increasing adoption in automotive electronics, expansion of edge and cloud AI computing, development of low-power customized processors, growth in advanced security and surveillance chips. Major trends in the forecast period include development of AI-accelerated asic architectures, expansion of cloud-optimized processing chips, adoption of IoT-integrated semiconductor designs, advancement of high-efficiency industrial automation asics, integration of autonomous system control asics.
The increasing demand for smartphones is expected to drive the growth of the application-specific integrated circuit (ASIC) market going forward. A smartphone is a multifunctional electronic device that combines the capabilities of a mobile phone with those of a personal computer. Application-specific integrated circuits (ASICs) play a vital role in modern smartphones, enabling exceptional performance, power efficiency, and specialized features. For example, in March 2023, according to a report published by Cybercrew, a UK-based company providing cybersecurity solutions for businesses of all sizes, the percentage of UK households using smartphones reached 91.43% in 2021 and is projected to rise to 93.8% by 2026. Therefore, the increasing demand for smartphones is fueling the growth of the application-specific integrated circuit market.
Major players in the application-specific integrated circuit (ASIC) market are emphasizing innovation through partnerships in education and research, such as automotive ASIC design centers, to secure a competitive advantage. An automotive ASIC design center is dedicated to developing specialized integrated circuits for automotive applications, including safety and power management systems. For example, in September 2023, IC Alps, a semiconductor company based in France, inaugurated a new design center in Toulouse, employing over 30 engineers who specialize in analog and mixed-signal integrated circuits for automotive use. This center strengthens IC Alps' status as a prominent ASIC Design House in the EMEA region, particularly in LED drivers and power management. Additionally, the team possesses expertise in HealthTech projects and will participate in various stages of ASIC development, including automotive safety frameworks. The company collaborates with multiple foundries, facilitating advanced technologies ranging from 0.18 μm to 5 nm.
In July 2024, Accenture Plc, a professional services firm based in Ireland, acquired Cientra for an undisclosed sum. This acquisition is intended to enhance Accenture's silicon design and engineering capabilities, allowing the company to drive innovations in AI, cloud, and edge computing across various key industries. This strategic move positions Accenture to address the increasing demand for next-generation semiconductor solutions. Cientra, based in the United States, is a silicon engineering services company that specializes in application-specific integrated circuit (ASIC) design.
Major companies operating in the application specific integrated circuit market are Infineon Technologies AG, Semiconductor Components Industries LLC, OmniVision Technologies Inc., Tekmos Inc., Seiko Epson Corporation, Socionext America Inc., Texas Instruments Incorporated, STMicroelectronics N.V., Qualcomm, Onsemi, Maxim Integrated, Broadcom Inc., Comport Data Inc., Fujitsu Limited, NXP Semiconductors N.V, Faraday Technology Corporation, Micron Technology, Intel Corporation, ASIX Electronics, Renesas Electronics Corporation, IC'Alps, Marvell Technology Group Ltd., Samsung Electronics, LG Electronics, Honeywell International Inc., eSilicon, Cypress Semiconductor Corporation
North America was the largest region in the application specific integrated circuit market in 2025. Asia-Pacific is expected to be the fastest-growing region in the application specific integrated circuit market report during the forecast period. The regions covered in the application specific integrated circuit market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the application specific integrated circuit market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The application specific integrated circuit market consists of sales of application-specific integrated circuit chip that manages the interface between memory and a microprocessor for a workstation CPU, chip for a spaceship, chip for a speaking toy bear and a chip that houses a microprocessor as well as additional functionality. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Application Specific Integrated Circuit Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses application specific integrated circuit market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for application specific integrated circuit ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The application specific integrated circuit market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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