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Application Specific Integrated Circuit Market Aims To Double Market Share – The Brainy Insights

Santosh Sargar

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The Brainy Insights launched a study titled Application Specific Integrated Circuit Market Size by Type, Programming Technology, End-User , Regions, Global Industry Report, Share, Growth, Trends, and Forecast 2022 to 2030

The global application-specific integrated circuit market is expected to grow from USD 21.19 billion in 2021 to USD 39.45 billion by 2030, at a CAGR of 7.15% during the forecast period 2022-2030. The increasing use of application integrated circuits in IT & telecommunication is anticipated to boost demand for application-specific integrated circuits. Moreover, the ever-increasing demand for smartphones, tablets, and other personal hand-held instruments among individuals is also helping to drive the market’s growth during the forecast period. Further, the rapid advancement of electronic devices enables stable performance, and energy efficiency also helps drive market growth.

The semi-custom segment led the market with a value of around 5.54 billion in 2021.

The type segment of application-specific integrated circuit market is divided into semi-custom, full-custom, gate array, standard cell, and programmable. The semi-custom segment led the market with a value of around 5.54 billion in 2021. This growth is attributed to the rapid adoption of AI technologies.

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The static RAM segment led the market with a value of around 5.35 billion in 2021.

The programming technology segment is divided into anti-fuse, EEPROM, static RAM, EPROM, and others. The static RAM segment led the market with a value of around 5.35 billion in 2021. This growth is attributed to the increasing use of connected & wearable devices.

The electronics & semiconductors segment led the market with a value of around 4.73 billion in 2021.

The end-user segment of application-specific integrated circuit market is divided into electronics & semiconductors, automotive, IT & telecommunication, aerospace, healthcare, and others. The electronics & semiconductors segment led the market with a value of around 4.73 billion in 2021. This growth is attributed to the rising consumption of consumer electronics.

Regional Segmentation Analysis:

The market is analyzed based on five regions: North America, Europe, Asia Pacific, South America, the Middle East, and Africa. The North American region emerged as the largest global application-specific integrated circuit market, with a market value of around 9.20 billion in 2021. North America currently dominates the application-specific integrated circuit market, and this trend is expected to continue during the forecast period. This growth is attributed to the ever-increasing industrialization and manufacturing abilities.

Competitive Analysis:

The significant market players include ON Semiconductor, AnySilicon, Qualcomm, Inc., Maxim Integrated Products Inc., Sigenics Inc., Analog Devices, Calogic LLC, Samsung Semiconductor, Broadcom Limited, Toshiba, Fujitsu Microelectronics Inc., IBM Microelectronics, STMicroelectronics, Advanced Linear Devices, Inc., NXP Semiconductors NV, Renesas Electronics Corporation, Infineon Technologies AG, Texas Instruments, Inc., Linear Technology Corporation, Calogic LLC, Intel Corporation, PREMA Semiconductor GmbH, and among others.

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