Application Specific Integrated Circuit Market Size & Share, by Type (Full Custom, Semi-Custom, Programmable); Application (Wireless Communication, Inferencing Application, Acceleration & Storage, Video & Broadcast, Process & Quality Control, Security & Surveillance, Electrical Distribution); End-User (Consumer Electronics, Automotive, Telecommunication, Healthcare, Aerospace, Media & Entertainment, Industrial) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5533
  • Published Date: Jan 15, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Application Specific Integrated Circuit Market size is expected to cross USD 32 Billion by the end of 2036, growing at a CAGR of 6% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of application specific integrated circuit was over USD 17 Billion. The market is growing as there are advantages to using field-programmable gate arrays (FPGAs) for logic solutions in aerospace applications. It provides programmable devices with memory interfaces, state-of-the-art IP-like microprocessors, and exceptional performance capabilities. This could make these programmable electronics more appealing for use in airplane applications. ASIC chips are also used for identity verification in aviation or maritime security to confirm that the bearer has completed the security examination. The global industry for military aircraft and aerospace manufacturing was projected to be worth over 255.8 billion US dollars in 2021.

Through the integration of several smaller and medium-sized integrated circuit functions into a single chip, application-specific integrated circuit (ASIC) circuits allow for the full integration of the entire system, guaranteeing compliance with system specifications. These integrated circuits are therefore widely used in many different industries.

Application Specific Integrated Circuit Market
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ASIC Market: Key Insights

Base Year


Forecast Year



~ 6%

Base Year Market Size (2023)

~ USD 17 Billion

Forecast Year Market Size (2036)

~ USD 32 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Application Specific Integrated Circuit Sector: Growth Drivers and Challenges


Growth Drivers

  • Growing Need for ASIC In Automotive Industry- The need for ASICs in the automotive industry is mainly supported by the growing use of electronics in various automotive modules. The global automobile industry's steady growth is the most important driver driving segment growth. In the upcoming years, this would substantially boost the revenue generated by the application specific integrated circuit market. In April 2022 to March 2023, the industry produced 2,59,31,867 vehicles, including passenger cars, commercial vehicles, three-wheelers, two-wheelers, and quadricycles, compared to 2,30,40,066 units in April 2021 to March 2022.
  • Technological Developments Will Open Up New Market Opportunities- The unit cost of application-specific integrated circuits has been declining due to the development of technologies like big data analytics, blockchain, the Internet of Things (IoT), and machine learning. This has a positive impact on the market internationally. Because of the aforementioned advancements' extensive use in data center architecture, networked devices, and public clouds, organizational data can travel throughout the IT network more swiftly. Thus, in order to reduce operating expenses, the companies are adopting these ICs to enable the use of cutting-edge technology in gadgets. Furthermore, in order to satisfy consumers' special needs, the electronics industry's continuous evolution generates a constant need for progress in application-specific integrated circuit designs.
  • The Growing Consumer Electronics Sector Is Fuelling the Expansion Of the Market- The need for ASICs has increased over the past few decades because to its beneficial qualities, which include lower power consumption, higher integration, intellectual property protection, and higher functionality. The increasing investment in the development of advanced integrated circuits is contributing to the growth of the application specific integrated circuit market compound annual growth rate. Using ASICS can be quite beneficial for many high-volume applications, regardless of how costly an ASIC design may be. It is possible to alter the ASIC design to meet the requirements of the product specifications. With ASIC, fewer extra components are needed because a significant amount of the entire design can be contained in a single integrated circuit. Consequently, ASICs are widely used in high-volume products such as office supplies and cell phones.


  • One of the main market constraints is high cost- The cost of developing integrated circuits tailored to a particular application is high. To save costs, customization can be applied at many different levels. As a result, it is anticipated that the market for application-specific integrated circuits would grow slowly over the next several years due to issues with functional reliability, the high cost of creating custom circuits, and the difficulty of developing circuits.
  • Longer time to market and design cycles than off-the-shelf options may hinder the market growth.
  • Limited ability to adjust and change course in response to new demands may impede the market growth.

Application Specific Integrated Circuit Segmentation

End-User (Consumer Electronics, Automotive, Telecommunication, Healthcare, Aerospace, Media & Entertainment, Industrial)

The consumer electronics segment is anticipated to hold 35% of the global application specific integrated circuit market by 2036. This vertical is expected to offer profitable growth opportunities for all parties involved in the value chain, mainly due to the increasing global use of application-specific integrated circuits in laptops, tablets, and smartphones. As of 2023, there are 1.28 billion tablet users worldwide, according to a recent report. In 2022, tablet users in the US spent an average of 7.42 minutes using the device. Due to its numerous benefits, such as reduced power consumption, IP security, small size, and increased bandwidth, ASICs are becoming increasingly popular in the consumer electronics sector. The fast development of electronic gadgets has also made it possible for increased stability and energy efficiency, which is driving the market expansion. These integrated circuits (ICs) have a wide range of uses outside of the consumer electronics industry, including the telecommunications, industrial, and healthcare sectors.

Type (Full Custom ASIC, Semi-Custom ASIC, Programmable ASIC)

The semi-custom application specific integrated circuit (ASIC) market is projected to hold the largest revenue share of about 45% during the projected period. Its broad range of applications and relatively lower complexity as compared to the other segments are the reasons for its rise. Three different types of ASICs are often offered by manufacturers in the market: programmable, full-custom, and semi-custom ASICs. This is explained by its electrical and digital-logic characteristics, which include things like capacitance and inductance. High component density and enhanced electrical performance are made possible by these attributes. Furthermore, because powerful static random-access memory and internet protocol cores are integrated into cell-based ASICs, they are versatile and can be applied to a wide range of products, regardless of design complexity, enabling smooth system operation.

Our in-depth analysis of the global ASIC market includes the following segments:


  • Full Custom ASIC
  • Semi-Custom ASIC
  • Programmable ASIC


  • Wireless Communication
  • Inferencing Application
  • Acceleration & Storage
  • Video & Broadcast
  • Process & Quality Control
  • Security & Surveillance
  • Electrical Distribution


  • Consumer Electronics
  • Automotive
  • Telecommunication
  • Healthcare
  • Aerospace
  • Media & Entertainment
  • Industrial

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Application Specific Integrated Circuit Industry - Regional Synopsis

APAC Market Forecast

Application-specific integrated circuit market in the Asia Pacific region is attributed to hold the largest revenue share of about 30% during the forecast period. The tremendous development in demand for ASICs in the region can be ascribed to multiple critical aspects. First, the region's fast economic expansion and growing industrialization are driving a surge in demand for energy-efficient gadgets. Furthermore, the Asia Pacific region's widespread use of smartphones has also aided in the market's growth. The market expansion is encouraged by the increasing use of these devices, particularly in developing nations like China, Japan, and India. The Asia-Pacific region's smartphone adoption rate increased from 64 percent in 2019 to 76 percent in 2022. In APAC, smartphone use was predicted to surpass 90% by 2030.

North American Market Statistics

Application specific integrated circuit market in the North America region is estimated to account for 27% of the revenue share by 2036. One of the main reasons for the growth in the region is the substantial presence of well-known companies, such as Texas Instruments Inc., Qualcomm Inc., Intel Corporation, and Maxim Integrated Products Inc. North America is dominated by the United States in the current market environment. The United States has experienced significant advancements in several areas, including healthcare monitoring systems, electric and hybrid automobiles, and consumer electronics. North America is home to a large number of ASIC manufacturers and solution providers due to its early adoption of the technology.

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Application Specific Integrated Circuit Market Size
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Companies Dominating the Application Specific Integrated Circuit Landscape

    • Intel Corporation
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Faraday Technology Corporation
    • Infineon Technologies AG
    • ASIX Electronics
    • OmniVision Technologies, Inc.
    • Semiconductor Components Industries, LLC
    • Tekmos Inc.
    • Marvell
    • IC’Alps
    • Samsung Electronics


In The News

  • Marvell introduced a unique custom ASIC offering that addresses the stringent necessities of next-generation 5G carriers, cloud data centers, enterprise, and automotive applications. This custom ASIC solution enables several customization options and a differentiated approach with standard product IP, embedded memories, high-speed SerDes, networking, security, and a wide range of storage controllers and accelerators.
  • IC’Alps, a France based ASIC designer and supplier launched dedicated website for application specific integrated circuits. Through the website company will provide ASIC content, news, use cases, application among others. is a one-stop destination for microelectronics experts and newbies with a product innovation requiring integration of electronic functions. The website offers easy-to-read content and graphics on the applications and advantages of application specific integrated circuits (ASIC), practical information about the expertise required to design application specific integrated circuits and an easy access to information about IC’Alps and our range of services.

Author Credits:  Abhishek Verma, Hetal Singh

  • Report ID: 5533
  • Published Date: Jan 15, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing need for ASIC in automotive industry and growing consumer electronics sector are the major factors driving the growth of the application specific integrated circuit market.

The market size of application specific integrated circuit is anticipated to attain a CAGR of 6% over the forecast period, i.e., 2024-2036.

The major players in the market are Faraday Technology Corporation, Infineon Technologies AG, ASIX Electronics, OmniVision Technologies, Inc., Semiconductor Components Industries, LLC, Tekmos Inc., Marvell, IC’Alps, Samsung Electronics, and others.

The consumer electronics segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Application Specific Integrated Circuit Market Report Scope

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