According to a new report, published by KBV research, The Global ASIC Chip Market size is expected to reach $35.5 billion by 2030, rising at a market growth of 8.2% CAGR during the forecast period.
The landscape of Application-Specific Integrated Circuits (ASICs) is transforming with the emergence of advanced packaging technologies. Notably, System-in-Package (SiP) and 3D stacking technologies are revolutionizing the physical form of ASICs, allowing for the seamless integration of multiple components, including memory and sensors, within a single package. This trend is a game-changer, enhancing ASIC-based systems' overall efficiency and performance while adeptly addressing space constraints in compact electronic devices.
The Semi- custom ASIC segment is leading the Global ASIC Chip Market by Type in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $16.4 billion by 2030. Semi-custom ASICs are designed to be application-specific, optimizing performance for particular use cases. This allows for a balance between customization and time efficiency. The availability of a robust IP ecosystem is crucial for the success of semi-custom ASICs. Designers can choose from various IP blocks to assemble a system that meets the specific requirements of their application. Thus, these factors can boost the demand in the segment.
The Telecommunication Systems segment is experiencing a CAGR of 7.8% during (2023 - 2030). Ongoing upgrades and expansions of telecommunication network infrastructure, including wireless and wired networks, drive the demand for ASICs. These chips are essential for optimizing the performance and efficiency of network equipment such as routers, switches, and optical communication systems. Thus, these factors can help in the expansion of the segment.
Full Report: https://www.kbvresearch.com/asic-chip-market/
The Asia Pacific region dominated the Global ASIC Chip Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $14.1 billion by 2030. The Europe region is anticipating a CAGR of 7.6% during (2023 - 2030). Additionally, The North America region would exhibit a CAGR of 7.5% during (2023 - 2030).
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