Programmable Application Specific Integrated Circuit (ASIC) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Programmable Application Specific Integrated Circuit (ASIC) Market is segmented by End User (Consumer Electronics, Automotive, Telecommunications), and Geography.

Market Snapshot

Programmable Application Specific Integrated Circuit (ASIC) Market Growth
Study Period: 2018 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 8.5 %
Programmable Application Specific Integrated Circuit (ASIC) Market Major Players

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The programmable application specific integrated circuit (ASIC) market is expected to witness a CAGR of 8.5% over the forecast period (2021-2026). The rapidly rising demand for smartphones, tablets, and other mobile devices across the globe is positively impacting the programmable ASIC demand in the consumer electronics segment.

  • With the increased pace of new product development, declining cost per function of ICs, and their increasing functionality, and shortened product replacement cycles are some of the factors that are positively influencing the growth of the market.
  • The growing demand for various telecommunications application such as system-on-chip (SoC) application is expected to boost the revenue of the market in the coming years. Additionally, the growing use of application specific integrated circuits in consumer electronics and in various industrial and automotive application is further expected to drive the market forward.
  • Another factor driving the market is the emergence of IoT devices. These circuits are also used in applications such as environmental monitoring, automotive emission control, and personal digital assistants among others. As the application specific integrated circuits are capable of integrating both analog and logic functions, hence they enable the formation of a complete mechanism on a single chip, which is expected to boost the growth of the market.

Scope of the Report

An application-specific integrated circuit (ASIC) is specially built for a specific application or purpose. Compared to a logic device or a standard logic integrated circuit, an ASIC provides better speed because it is specifically designed for a specific application. It is also made smaller and it uses less electricity.

By End User
Consumer Electronics
Other End Users
North America
Latin America
Middle East & Africa

Report scope can be customized per your requirements. Click here.

Key Market Trends

Increasing Demand from Consumer Electronics Segment to Drive the Market

  • The consumer electronics market constantly demands higher power dissipation, faster speeds, and higher pin counts, along with smaller footprints and lower profiles.
  • The miniaturization and integration of semiconductors have given rise to smaller, lighter, and better portable devices, like tablets, smartphones, and the emerging IoT devices.
  • Each iteration of the consumer electronics product is becoming smarter, lighter, and more energy-efficient than its predecessors. With this level of technology, consumers are now tending towards more reliable gadgets that could stand minor mishaps, which take place in day-to-day activities.
  • With the increasing smartphone sales in various regions across the globe, it is evident that the demand for integrated circuits will also see an increased demand, which is expected to drive the market forward during the forecast period.
Programmable Application Specific Integrated Circuit (ASIC) Market Report

Asia-Pacific to Witness High Growth

  • The Asia Pacific region is expected to witness the fastest growth in the market owing to the rapidly increasing penetration of smartphones among the population and the increasing demand for energy-efficient devices. Emerging economies such as China, India, and Japan are also driving the market growth due to the increasing penetration of high-tech gadgets, development of automotive electronics, increased requirement of miniaturization, growing digitization, economic development, rapid industrialization, and other factors.
  • Moreover, with the presence of major semiconductor companies in this region, such as Infineon technologies and other such companies, along with the presence of major consumer electronics players, such as Samsung Electronics, LG Electronics, is influencing the market growth during the forecast period. The growing demand for consumer electronics will continue to positively impact the demand for programmable ASIC in the Asia-Pacific region.
Programmable Application Specific Integrated Circuit (ASIC) Market Analysis

Competitive Landscape

The programmable application specific integrated circuit (ASIC) market is highly competitive owing to the presence of many large vendors operating in domestic as well as in the international markets. The market appears to be moderately concentrated moving towards the fragmented stage with the major players adopting strategies like product innovation, joint ventures, partnerships and mergers and acquisitions. Some of the major players in the market are Analog Devices, Inc., Infineon Technologies AG, STMicroelectronics, Texas Instruments Inc. among others.

  • March 2018 - Infineon Technologies and SAIC Motor establish power module joint venture SIAPM in China to manufacture power modules for the developing electric vehicle market in China.
  • September 2018 - Renesas Electronics Corporation, a premier supplier of advanced semiconductor solutions, announced a strategic alliance with Alibaba Cloud, a subsidiary of Alibaba Group Holding Inc., that will empower the Internet of Things (IoT) developers to accelerate the growth of China’s IoT market.

Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

      1. 4.3.1 Rising Demand from the Electronics Industry

      2. 4.3.2 Growing Demand for Microelectronics in Several Applications

    4. 4.4 Market Restraints

      1. 4.4.1 Comparatively Expensive if Manufactured in Small Quantity

    5. 4.5 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry


    1. 5.1 By End User

      1. 5.1.1 Consumer Electronics

      2. 5.1.2 Telecommunication

      3. 5.1.3 Telecommunication

      4. 5.1.4 Telecommunication

      5. 5.1.5 Other End Users

    2. 5.2 Geography

      1. 5.2.1 North America

      2. 5.2.2 Europe

      3. 5.2.3 Asia-Pacific

      4. 5.2.4 Latin America

      5. 5.2.5 Middle East & Africa


    1. 6.1 Company Profiles

      1. 6.1.1 Analog Devices, Inc.

      2. 6.1.2 Infineon Technologies AG

      3. 6.1.3 STMicroelectronics

      4. 6.1.4 Texas Instruments Inc.

      5. 6.1.5 Maxim Integrated

      6. 6.1.6 NXP Semiconductors N.V.

      7. 6.1.7 ON Semiconductor

      8. 6.1.8 Renesas Electronics Corporation

    2. *List Not Exhaustive


**Subject to Availability

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Programmable ASIC Market market is studied from 2018 - 2026.

The Programmable ASIC Market is growing at a CAGR of 8.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

Analog Devices, Inc., Infineon Technologies AG, STMicroelectronics, Texas Instruments Inc., NXP Semiconductors N.V. are the major companies operating in Programmable ASIC Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!