Application Specific Integrated Circuit (ASIC) Market Report: Trends, Insights, and Forecast for 2030

The global Application Specific Integrated Circuit (ASIC) Market is projected to reach USD 21.18 billion by 2025 and USD 30.33 billion by 2030, with a CAGR of 7.5% from 2025 to 2030.

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Asia-Pacific leads the market, driven by high demand for consumer electronics like smartphones and tablets.

North America sees steady growth, fueled by efforts to develop domestic semiconductor supply chains, with the U.S. boosting production through initiatives like Intel’s Arizona fab, which experienced strong demand in 2024 amid global supply constraints. Key players, including NVIDIA Corporation, Samsung Electronics, Advanced Micro Devices Inc., and Universal Quantum Ltd., are advancing market growth through strategic initiatives.