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Application Specific Integrated Circuit Market Share

Report ID: GMI6040
Published Date: Jun 2023
Report Format: PDF

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Application Specific Integrated Circuit Market Share

Major companies operating in the Application Specific Integrated Circuit market are

Infineon Technologies AG
OMNIVISION
Tekmos Inc.
Intel Corporation
Honeywell International Inc.
Renesas Electronics Corporation
STMicroelectronics
Texas Instruments Inc.

The competitive landscape is characterized by continuous innovations as companies strive to improve their offerings with new technologies, integrations, and partnerships.

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Application specific integrated circuit (ASIC) industry was valued at USD 16.4 billion in 2022 and will record a CAGR of 5.7% between 2023 and 2032, backed by the rapid adoption of AI & ML technologies.

The application specific integrated circuit market share from industrial segment will grow at 6.5% CAGR from 2023 to 2032. Industrial applications often require real-time data processing for critical operations, quality control, predictive maintenance, and optimization, fueling the demand for ASICs.

Asia Pacific held a significant market share of over 30% in 2022. The region is at the forefront of adopting advanced technologies such as Artificial Intelligence (AI), the Internet of Things (IoT), 5G, and autonomous vehicles, which shape the industry outlook.

Infineon Technologies AG, OMNIVISION, Tekmos Inc., Intel Corporation, Honeywell International Inc., Renesas Electronics Corporation, STMicroelectronics, and Texas Instruments Inc.