Lucintel Blog: ASIC Chip Market is anticipated to grow at a CAGR of 7.2% during 2022-2027

Wednesday, April 6, 2022

ASIC Chip Market is anticipated to grow at a CAGR of 7.2% during 2022-2027

The global ASIC chip market is projected to reach $34.4 billion by 2027, at a CAGR of 7.2% during 2022-2027. The growth of ASIC chip market is driven by increasing advancement in chip technology, rising demand for customizable ICs, and growing usage in consumer electronic devices.

Some of the Key Questions answered in this exclusive report are:

Q.1 What are some of the most promising, high-growth opportunities for the ASIC chip market by type (semi-based custom, programmable logic device, and full custom), end use industry (data processing system, consumer electronics, telecommunication system, industrial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 What are the business risks and threats to the ASIC chip market?

Q.4 What are some changing demands of customers in the ASIC chip market?

Q.5 What are the new developments in the ASIC chip market? Which companies are leading these developments?

Q.6 What strategic initiatives are being implemented by key players for business growth?

Q.7 What are some of the competitive products and processes in this ASIC chip area and how big of a threat do they pose for loss of market share via product substitution?

Q.8 What M&A activity has occurred in the last 5 years in this ASIC chip market?

Emerging trends, which have a direct impact on the dynamics of the industry, include advance 7-nm technology for ASIC fabrication and structured ASICs for 5G, AI, cloud, and edge workloads and development of ultra-small case size capacitors for portable electronic devices.

Download Brochure of this report by clicking on https://www.lucintel.com/asic-chip-market.aspx

Market Segmentation:

Based on type, the ASIC chip market is segmented into semi-based custom, programmable logic device, and full custom. The semi-based custom segment is accounted for the largest share of the market in 2021 due to its cost effectiveness, reduced risk, and time saving properties.

Asia Pacific is expected to be the largest region and it is also expected to witness the highest growth over the forecast period due to the growth in consumer electronic devices & telecommunication products.

Key Players in the ASIC chip market are AMD, ON Semiconductor Corporation, TSMC, Intel Corporation, and Infineon Technologies.

Request Sample Pages by clicking on https://www.lucintel.com/asic-chip-market.aspx

The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.

To read more about this market please click on https://www.lucintel.com/asic-chip-market.aspx

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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