The application-specific integrated circuit (ASIC) market is characterized by its customized design, offering tailored solutions for specific applications. ASICs are known for their low power consumption, high performance, and compact size, making them ideal for applications such as consumer electronics. Among the dominating segments, the consumer electronics industry stands out, utilizing ASICs extensively for functions such as signal processing and data compression. ASICs provide efficient and cost-effective solutions, driving their adoption and prominence in this sector.
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Data Bridge Market Research analyses that the European Union Application-Specific Integrated Circuit (ASIC) Market was valued at USD 640.09 million in 2022 and is expected to reach USD 1,083.47 million by 2030, registering a CAGR of 6.8% during the forecast period of 2023-2030.
Application-specific integrated circuits (ASICs) facilitate smaller and more space-efficient electronic device designs due to their customized nature, allowing for the integration of specific functions on a single chip, and reducing the need for multiple components and board space.
Key Findings of the Study
Rising demand is expected to drive the market's growth rate
The growing adoption of application-specific integrated circuits (ASICs) is a significant driver of market expansion, particularly in sectors such as automotive, healthcare, and telecommunications. ASICs offer tailored solutions that enhance the performance and efficiency of electronic systems within these industries. Their role in enabling advanced features, improving energy efficiency, and optimizing data processing contributes to their increasing prevalence. This adoption trend reflects the increasing demand for specialized, high-performance electronics across various sectors, driving overall market growth.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Design Type (Full Custom, Semi-Custom and Programmable ASIC), Technology (SRAM, Anti-Fuse, EPROM, Flash-Based/EEPROM and Others), Functionality (Real-Time and Standalone), Application (Defence Equipment, Aircraft, Weapons, Spacecraft, Ships and Others)
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Countries Covered
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Germany, France, Netherlands, Belgium, Italy, Spain, Poland, Sweden, Denmark, Austria and Rest of European Union.
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Market Players Covered
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STMicroelectronics (Switzerland), Intel Corporation (U.S.), Lattice Semiconductor (U.S.), Cobham Advanced Electronic Solutions (U.S.), Texas Instruments Incorporated (U.S.), ARQUIMEA GROUP, S.A. (Spain), IC’Alps SAS (France), QuickLogic Corporation (U.S.), Tekmos Inc. (U.S.), NanoXplore (Canada), Achronix Semiconductor Corporation (U.S.), Renesas Electronics Corporation (Japan), EnSilica (United Kingdom), Infineon Technologies AG (Germany), Microchip Technology Inc. (U.S.), Advanced Micro Devices, Inc. (U.S.), Honeywell International Inc. (U.S.), TTTech Computertechnik AG (Austria), Marvell (U.S.), Semiconductor Components Industries, LLC (U.S.).
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
European Union application-specific integrated circuit (ASIC) market is segmented into four notable segments, which are based on design type, technology, functionality, and application.
- On the basis of design type, the European Union application-specific integrated circuit (ASIC) market is segmented into full custom, semi-custom, and programmable ASIC.
- On the basis of technology, the European Union application-specific integrated circuit (ASIC) market has been segmented into SRAM, anti-fuse, EPROM, flash-based/EEPROM, and others.
- On the basis of functionality, the European Union application-specific integrated circuit (ASIC) market has been segmented into real-time and standalone.
- On the basis of application, the European Union application-specific integrated circuit (ASIC) market is segmented into defence equipment, aircraft, weapons, spacecraft, ships, and others.
Major Players
Data Bridge Market Research recognizes the following companies as the major European Union application-specific integrated circuit (ASIC) market players in European Union application-specific integrated circuit (ASIC) market are STMicroelectronics (Switzerland), Intel Corporation (U.S.), Lattice Semiconductor (U.S.), Cobham Advanced Electronic Solutions (U.S.), Texas Instruments Incorporated (U.S.), ARQUIMEA GROUP, S.A. (Spain), IC’Alps SAS (France), QuickLogic Corporation (U.S.), Tekmos Inc. (U.S.), NanoXplore (Canada), Achronix Semiconductor Corporation (U.S.).
Market Developments
- In October 2023, Cobham Advanced Electronic Solutions unveiled a collaboration with SkyWater to produce radiation-hardened integrated circuits. This strategic partnership aims to bolster the company's capabilities in designing and manufacturing Application-Specific Integrated Circuits (ASICs), ultimately broadening its product portfolio. The objective is to drive revenue growth by offering enhanced and specialized solutions for a range of applications in sectors such as aerospace, defense, and beyond.
- In October 2022, QuickLogic Corporation introduced its inaugural customer-defined eFPGA block through the Australia IP Generator, tailored for the UMC 22nm process. The Australia tool facilitates swift eFPGA IP generation, compatible with nearly any foundry and node. This release signifies an expansion of the company's product range, providing customers with enhanced flexibility and solutions for integrating customizable Field-Programmable Gate Arrays (FPGAs) into their semiconductor designs.
Regional Analysis
Geographically, the countries covered in the major European Union application-specific integrated circuit (ASIC) market report are Germany, France, Netherlands, Belgium, Italy, Spain, Poland, Sweden, Denmark, Austria and Rest of European Union.
As per Data Bridge Market Research analysis:
Germany dominates European Union application-specific integrated circuit (ASIC) market during the forecast period 2023 - 2030
Germany dominates the European Union's application-specific integrated circuit (ASIC) market, driven by its growing focus on research and development in integrated circuit technologies, especially in the aerospace and defense sectors. This commitment to innovation and technology advancement positions Germany as a key influencer, spearheading developments in electronics and ASICs vital for aerospace and defense applications, solidifying its dominance within the European Union.
For more detailed information about the European Union application-specific integrated circuit (ASIC) market report, click here – https://www.databridgemarketresearch.com/reports/european-union-application-specific-integrated-circuit-asic-market
