Lucintel’s latest market report analyzed that ASIC chip provides attractive opportunities in the data processing, consumer electronics, telecommunication system, industrial, and other industries. The ASIC chip market is expected to reach $34.4 billion by 2027 with a CAGR of 7.2%. In this market, semi-based custom is the largest segment by type, whereas telecommunication system is largest by end use industry. The 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 provides strategic growth path in this market.
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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.
Browse in-depth TOC on “ASIC Chip Market”
60 – Tables
79 – Figures
162 – Pages
The ASIC chip market is marked by the presence of several big and small players. Some of the prominent players offering ASIC chip include AMD, ON Semiconductor Corporation, TSMC, Intel Corporation, and Infineon Technologies
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