ASIC Chip Market Is Expected to Reach $34.4 Billion by 2027 – an Exclusive Market Research Report by Lucintel

Trends and Forecast for the Global ASIC Chip Market
Trends, opportunities and forecast in ASIC chip market to 2027 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)

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

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link

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