ASIC market seen reaching $24.89 billion by 2030

The global application-specific integrated circuit market is projected to grow from $18.1 billion in 2025 to $24.89 billion by 2030, driven by smartphone demand, AI workloads and broader industrial and automotive use. North America led the market in 2025, while Asia-Pacific is expected to grow fastest through the forecast period. Why it matters: - ASICs are built for one task, so they can deliver faster performance and better power efficiency than general-purpose chips. - The market’s growth points to rising demand for specialized hardware in smartphones, AI, cloud computing, industrial automation and connected devices. - The shift matters for chipmakers, device makers and industrial buyers that need lower-power, application-specific computing. What happened: - The Application Specific Integrated Circuit global market is projected to rise from $18.1 billion in 2025 to $19.29 billion in 2026. - The market is forecast to reach $24.89 billion by 2030. - The forecast implies a 6.6% compound annual growth rate from 2025 through 2030. - The Business Research Company released the outlook in its Application Specific Integrated Circuit Global Market Report 2026. The details: - An application-specific integrated circuit is a fixed-layout chip designed for a particular use case. - ASICs can run faster than programmable logic devices or general-purpose integrated circuits because they are optimized for one function. - Early market growth was supported by telecommunications switching, consumer electronics controllers, generic logic-based integrated circuits, industrial automation electronics and media processing chips. - The report says future growth will be driven by application-specific accelerators, automotive electronics, edge and cloud AI computing, low-power customized processors, and security and surveillance chips. - Smartphone demand remains a major driver because smartphones depend on ASICs for performance, power efficiency and specialized features. - A March 2023 Cybercrew report found smartphone use in UK households reached 91.43% in 2021 and is expected to rise to 93.8% by 2026. - In 2025, North America held the largest share of the ASIC market. - Asia-Pacific is expected to post the fastest growth during the forecast period. - The report also covers South East Asia, Western Europe, Eastern Europe, South America, the Middle East and Africa. - The report highlights AI-accelerated ASIC architectures, cloud-optimized processing chips, IoT semiconductor designs, high-efficiency industrial automation ASICs and autonomous system control ASICs as emerging trends. - The 2026 report package includes market attractiveness scoring, TAM analysis, company scoring matrix graphics and tables, Excel-based forecasting dashboards, market hotspots infographics, and updated graphics and tables. Between the lines: - The forecast suggests ASIC demand is broadening beyond consumer devices into higher-value enterprise and industrial workloads. - AI and cloud use cases are becoming central to chip design, which could favor suppliers that can customize performance, power use and security for specific workloads. - Regional growth appears to be shifting toward manufacturing-heavy and electronics-heavy markets in Asia-Pacific. What’s next: - The market’s next phase is likely to center on chips tailored for AI acceleration, automotive systems and connected industrial equipment. - Adoption will likely track broader demand for energy-efficient computing as devices and systems move closer to the edge. - The Business Research Company is positioning its forecasting tools and dashboards as decision-support products for buyers and investors tracking the sector. The bottom line: - ASICs are moving from niche hardware into a broader set of computing, mobility and industrial applications, and the market is on track for steady mid-single-digit growth through 2030.