Middle East and Africa Application Specific Integrated Circuit (ASIC) Market, By Design Type (Full Custom, Semi-Custom, And Programmable), By Programming Technology (Static Ram, EPROM, EEPROM, Antifuse, And Others), By Application (Consumer Electronics, Data Center & Computing, IT & Telecommunication, Medical, Multimedia, Automotive, And Industrial), By Country (Saudi Arabia, U.A.E., Israel, South Africa, Egypt and Rest of Middle East and Africa), Market Trends and Forecast to 2029.
Market Analysis and Insights: Middle East and Africa Application specific integrated circuit (ASIC) Market
Middle East and Africa application specific integrated circuit (ASIC) market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 6.9% in the forecast period of 2022 to 2029 and expected to reach USD 2,357.81 million by 2029.
An application-specific integrated circuit (ASIC) is an IC chip that is tailored to a specific application rather than being designed for broad usage. An ASIC is, for example, a chip that runs in a digital voice recorder or a high-efficiency video encoder (such as AMD VCE). Application-specific standard product (ASSP) chips are a middle ground between ASICs and industry-standard integrated circuits such as the 7400 or 4000 series. As MOS integrated circuit chips, ASIC chips are generally produced using metal-oxide-semiconductor (MOS) technology which includes FPGA. The greatest complexity (and hence usefulness) available in an ASIC has expanded from 5,000 logic gates to over 100 million as feature sizes have dropped and design tools have improved over time. Microprocessors, memory blocks such as ROM, RAM, EEPROM, flash memory, and other significant building blocks are frequently included in modern ASICs. A SoC is a common moniker for such an ASIC (system-on-chip). A hardware description language (HDL), such as Verilog or VHDL, is frequently used by designers of digital ASICs to define the functioning of ASICs.
Some of the factors which are driving the market is emergence of ASIC driven IoT devices and upsurge in adoption of mechatronics for automotive applications. But high cost associated with manufacturing customized circuits can be a restraining factor. Moreover, the Europe application specific integrated circuit (ASIC) market is also expanding due to growing utilizing of ASIC technologies for powering AI.
This application specific integrated circuit (ASIC) market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Middle East and Africa Application Specific Integrated Circuit (ASIC) Market Scope and Market Size
Middle East and Africa application specific integrated circuit (ASIC) market is segmented on the basis of design type, programming technology, and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of design type, Middle East and Africa application-specific integrated circuit (ASIC) market has been segmented into full custom, semi-custom, and programmable. In 2022, the semi-custom segment is expected to dominate the Middle East and Africa application-specific integrated circuit (ASIC) market as with growing demand for for advanced data centers in order to meet the growing demand for data, content by the consumer is boosting the requirements semi-custom ASIC technologies which can be used for various applications such as automotive, manufacturing, medical, multimedia and others.
- On the basis of programming technology segment, Middle East and Africa application-specific integrated circuit (ASIC) market has been segmented into static ram, EPROM, EEPROM, antifuse, and others. In 2022, the static ram segment is expected to dominate the Middle East and Africa application-specific integrated circuit (ASIC) market due to hoist in demand for smart wearable electronic devices and growing demand for data-driven healthcare devices has increased the demand for static ram ASIC technologies, as these technology plays a vital role in enhancing the processing capabilities of these electronics devices, this can hoist the growth in market.
- On the basis of application segment, Middle East and Africa application-specific integrated circuit (ASIC) market has been segmented into consumer electronics, data center & computing, IT & telecommunication, medical, multimedia, automotive, and industrial. In 2022, the consumer electronics is expected to dominate the Middle East and Africa application-specific integrated circuit (ASIC) market due to growing large streaming and broadcast content from consumer and with availability of high speed infrastructure to cater these demands is boosting the smart consumer electronic products. As ASIC technologies helps in providing high speed data content transmission using high performance ICs.
Middle East and Africa Application Specific Integrated Circuit (ASIC) Market Country Level Analysis
Middle East and Africa Application specific integrated circuit (ASIC) Market is analysed and market size information is provided by design type, programming technology, and application.
The countries covered in Middle East and Africa application specific integrated circuit (ASIC) Market report are South Africa, Egypt, U.A.E., Saudi Arabia, Israel, and rest of Middle East and Africa.
Israel dominates the application specific integrated circuit (ASIC) market owing to various factors such emergence of ASIC driven IoT devices among consumer and upsurge in adoption of mechatronics for automotive applications.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Middle East and Africa brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Rising Demand of Application Specific Integrated Circuit (ASIC).
Application specific integrated circuit (ASIC) Market also provides you with detailed market analysis for every country growth in industry with sales, components sales, impact of technological development application specific integrated circuit (ASIC) and changes in regulatory scenarios with their support for the application specific integrated circuit (ASIC) market. The data is available for historic period 2012 to 2020.
Competitive Landscape and Application Specific Integrated Circuit (ASIC) Market Share Analysis
Application specific integrated circuit (ASIC) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Middle East and Africa presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to Middle East and Africa application specific integrated circuit (ASIC) market.
The major players covered in the report are Intel Corporation, Infineon Technologies AG, NXP Semiconductors, Qualcomm Technologies, Microchip Technology Inc., Analog Devices and others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately. Many product developments are also initiated by the companies worldwide which are also accelerating the growth of application specific integrated circuit (ASIC) market.
For instance,
- In November 2021, Qualcomm Technologies, Inc. launched snapdragon automotive cockpit platform for PEUGEOT 308 vehicle. The key feature of this product launch was to provide digital and automotive technology to offer premium experience for drivers and passengers. This processor is specifically designed for this vehicle. This helped the company to grow its reputation in automotive.
Partnership, contract, joint ventures and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for application specific integrated circuit (ASIC) market through expanded range of size.
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