Programmable Application Specific Integrated Circuit (ASIC) Market by Application and Geography - Forecast and Analysis 2022-2026

The programmable application specific integrated circuit (ASIC) market share is expected to increase by USD 2.05 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.71%.

This programmable application specific integrated circuit (ASIC) market research report extensively covers programmable application specific integrated circuit (ASIC) market segmentation by application (consumer electronics, telecommunication, automotive, and others) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The programmable application specific integrated circuit (ASIC) market report also offers information on several market vendors, including Achronix Semiconductor Corp., ams AG, Analog Devices Inc., Avnet Inc., Cobham Plc, EnSilica Ltd., GOWIN Semiconductor Corp., Honeywell International Inc., Intel Corp., Lattice Semiconductor Corp., MegaChips Corp., Microchip Technology Inc., Qualcomm Inc., QuickLogic Corp., Renesas Electronics Corp., Semiconductor Components Industries LLC, Socionext Inc., Texas Instruments Inc., Xilinx Inc., and Infineon Technologies AG among others.

What will the Programmable Application Specific Integrated Circuit (ASIC) Market Size be During the Forecast Period?

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Programmable Application Specific Integrated Circuit (ASIC) Market: Key Drivers, Trends, and Challenges

The growing demand for customizable ICs is notably driving the programmable application specific integrated circuit (ASIC) market growth, although factors such as cyclical nature of the semiconductor industry may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the programmable application specific integrated circuit (ASIC) industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Programmable Application Specific Integrated Circuit (ASIC) Market Driver

One of the key factors driving the global programmable application specific integrated circuit (ASIC) market growth is the growing demand for customizable ICs. The increasing demand in the industrial, automotive, healthcare, and other industries, coupled with technological advances, contributes to the growth of the global ASICs market. In healthcare, customized ICs are used in different equipment such as electrocardiography (ECG) machines, ultrasound machines, digital X-rays, and computer tomography (CT) machines. In addition, owing to the increase in demand for compact electronic devices such as smartphones, laptops, and wearables, IC manufacturers must reduce the size of ICs. This has given rise to the increased demand for ASICs. ASICs are becoming denser with the number of transistors installed in wafers, thereby spurring their use in the market. Such factors have increased the penetration rate of programmable ASICs in the market, which will positively impact the market growth in the forecast period.

Key Programmable Application Specific Integrated Circuit (ASIC) Market Trend

The growing integration of ICs in automobiles is a programmable application specific integrated circuit (ASIC) market trend that is expected to have a positive impact in the coming years. This is attributed to the increased customer demand for safety and driver assistance and advanced powertrain control, communications, and infotainment systems. Furthermore, to ensure higher passenger safety, many countries have imposed stringent regulations compelling automotive OEMs to incorporate advanced electronics in their vehicles. Moreover, connected vehicles of the future will also deploy an extensive range of sensors, such as camera sensors, RADAR and light detection and ranging (LIDAR), microprocessors, and microcontrollers. All these factors are expected to support the concerned market growth in the forecast period.

Key Programmable Application Specific Integrated Circuit (ASIC) Market Challenge

One of the key challenges to the global programmable application specific integrated circuit (ASIC) market growth is the cyclical nature of the semiconductor industry. Fluctuations in demand for semiconductor products, including mobile devices, and automotive equipment will impact the demand in the overall semiconductor market. This variation in demand is attributed to factors such as technological developments in the product, making the previous version less preferable in the market, and excess production of these semiconductor components. The rampant fluctuations can often lead to excess inventory levels in times of low demand and low inventory levels in times of high demand. For instance, in 2014-2016, there was an oversupply of NAND memory devices worldwide, which resulted in excess inventory, leading to low demand for wafer inspection equipment in 2014. Such factors are expected to limit the market growth in the forecast period.

This programmable application specific integrated circuit (ASIC) market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global programmable application specific integrated circuit (ASIC) as a part of the global semiconductors market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the programmable application specific integrated circuit (ASIC) market during the forecast period.

Who are the Major Programmable Application Specific Integrated Circuit (ASIC) Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Achronix Semiconductor Corp.
• ams AG
• Analog Devices Inc.
• Avnet Inc.
• Cobham Plc
• EnSilica Ltd.
• GOWIN Semiconductor Corp.
• Honeywell International Inc.
• Intel Corp.
• Lattice Semiconductor Corp.
• MegaChips Corp.
• Microchip Technology Inc.
• Qualcomm Inc.
• QuickLogic Corp.
• Renesas Electronics Corp.
• Semiconductor Components Industries LLC
• Socionext Inc.
• Texas Instruments Inc.
• Xilinx Inc.
• Infineon Technologies AG

 

This statistical study of the programmable application specific integrated circuit (ASIC) market encompasses successful business strategies deployed by the key vendors. The programmable application specific integrated circuit (ASIC) market is fragmented and the vendors are deploying growth strategies such as the development of innovative products and an increase in research and development investments to compete in the market.

Product Insights and News

• Intel Corp. - Intel Corp. is a public company headquartered in US. It is a global company generating USD 77,867 million in revenues and has around 110,600 employees. Its revenue from the global programmable application specific integrated circuit (ASIC) market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company.
• Intel Corp. - The company offers programmable application specific integrated circuits that provides lower unit-cost and lower power compared to FPGAs and faster time to market and lower non-recurring engineering cost compared to standard-cell ASICs, under the brand name of eASIC.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The programmable application specific integrated circuit (ASIC) market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Programmable Application Specific Integrated Circuit (ASIC) Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the programmable application specific integrated circuit (ASIC) market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Programmable Application Specific Integrated Circuit (ASIC) Market?

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69% of the market's growth will originate from APAC during the forecast period. China, South Korea, Taiwan, and Japan are the key markets for programmable application specific integrated circuits (ASIC) in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The significant increase in the demand for semiconductors from consumer electronics, telecommunication, and automotive application in developing countries such as China and India will facilitate the programmable application specific integrated circuit (ASIC) market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 negatively impacted the regional market growth in 2020. A decline in consumer spending in the consumer electronics and automotive industry negatively impacted the demand for programmable ASICs in H1 2020. However, from Q4 2020, the regional market started to recover. This was due to the removal of lockdown norms and rapid adoption of digital infrastructure in manufacturing. This trend is expected to continue during the forecast period.

What are the Revenue-generating Application Segments in the Programmable Application Specific Integrated Circuit (ASIC) Market?

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The programmable application specific integrated circuit (ASIC) market share growth by the consumer electronics segment will be significant during the forecast period. The significant increase in the demand for consumer electronics such as smartphones, personal computers (PCs), and TVs will drive the market growth through this segment in the coming years. For instance, the smartphone penetration reached more than 75% in countries like the US, the UK, and Germany. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the programmable application specific integrated circuit (ASIC) market size and actionable market insights on post COVID-19 impact on each segment.

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Programmable Application Specific Integrated Circuit (ASIC) Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 8.71%
Market growth 2022-2026	$ 2.05 billion
Market structure	Fragmented
YoY growth (%)	7.89
Regional analysis	APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution	APAC at 69%
Key consumer countries	US, China, South Korea, Taiwan, and Japan
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Achronix Semiconductor Corp., ams AG, Analog Devices Inc., Avnet Inc., Cobham Plc, EnSilica Ltd., GOWIN Semiconductor Corp., Honeywell International Inc., Intel Corp., Lattice Semiconductor Corp., MegaChips Corp., Microchip Technology Inc., Qualcomm Inc., QuickLogic Corp., Renesas Electronics Corp., Semiconductor Components Industries LLC, Socionext Inc., Texas Instruments Inc., Xilinx Inc., and Infineon Technologies AG
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Programmable Application Specific Integrated Circuit (ASIC) Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive programmable application specific integrated circuit (ASIC) market growth during the next five years
• Precise estimation of the programmable application specific integrated circuit (ASIC) market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the programmable application specific integrated circuit (ASIC) industry across APAC, North America, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of programmable application specific integrated circuit (ASIC) market vendors

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