According to the new market research report “Application-Specific Integrated Circuit Design Services- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the Application-Specific Integrated Circuit Design Services market size is projected to reach USD 3.42 billion by 2030, at a CAGR of 11.5% during the forecast period.
ASIC (Application-Specific Integrated Circuit) design services involve the design and optimization of custom integrated circuits tailored for specific applications. ASIC chips are known for their high performance, low power consumption, and high integration, making them suitable for fields with high functional requirements such as communications, consumer electronics, automotive electronics, and industrial control. ASIC design services cover the entire process from chip definition, architecture design, RTL coding, physical design, verification to tape-out, and mass production. These services help clients achieve highly customized chip solutions to meet their specific application needs.
- Application-Specific Integrated Circuit Design Services MarketSize (US$ Million), 2019-2030
Source: QYResearch, "Application-Specific Integrated Circuit Design Services- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Application-Specific Integrated Circuit Design Services Top32 Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
Source: QYResearch, "Application-Specific Integrated Circuit Design Services- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of Application-Specific Integrated Circuit Design Services include GUC, VeriSilicon, Brite, Faraday, Alchip, MediaTek, Actt, Socionext, C*Core, ASR, etc. In 2023, the global top 10 players had a share approximately 80.0% in terms of revenue.
Application-Specific Integrated Circuit Design Services, Market Size, Split by Restraint:
Lack of professional talents and high-end technology:The integrated circuit design industry, as an upstream link in the industrial value chain, belongs to a knowledge intensive industry, and technology includes
Risk of R&D project not being industrialized: The quantity is relatively high, and there are high requirements for the number and professional level of innovative talents. The integrated circuit industry is developing rapidly and has a long talent training cycle, resulting in a significant demand gap for professional talents. At the same time, 's integrated circuit industry started relatively late, and there is still a certain gap in product development and technological innovation compared to well-known foreign enterprises. In the future, the shortage of high-end talents and technology will still be one of the bottlenecks that restrict the rapid development of the integrated circuit industry.
Core technology leakage risk: There is a certain degree of uncertainty in the research and development of the integrated circuit industry. If a company's R&D projects fail to meet the company's R&D goals as expected, or if there is a chip failure, or if the company's technology R&D direction deviates from the industry's development direction and needs, it will have a negative impact on the company's subsequent R&D projects and technology industrialization, thereby affecting the company's profitability.
Risk of intensified market competition: As a technology intensive industry, the confidentiality management of core technology during industrialization is an important component of the daily operation of companies in the industry. If a company experiences malicious leakage and theft of core technology information in the future, it will to some extent weaken the company's technological advantage, and have a negative impact on the company's competitiveness and ability to continue operating.
The risk of customer product lifecycle fluctuations on the company's sales growth rate: The integrated circuit design service industry is rapidly developing, and its promising prospects have attracted many domestic enterprises to enter this field. Manufacturers in the industry are actively expanding their market on the basis of consolidating their own advantages, and market competition is expected to become increasingly fierce. Under this trend, if a company cannot accurately grasp market dynamics and industry development trends in the future, and cannot timely innovate technology, services, and products according to customer needs, the company may lose its competitive advantage in global market competition, which will have an adverse impact on the company's sustained profitability.
Market Trend:
Rapid Development of End-User Application Market and Growing Demand for Customized Chips: As emerging application scenarios continue to appear and demand becomes more differentiated, standardized chip products cannot meet all needs. More system manufacturers are establishing their own chip design teams or purchasing one-stop chip customization services to achieve differentiated competition. This trend provides a vast market space for ASIC design service companies.
Increasing Chip Design Complexity and Risk of Tape-Out: With the reduction in the linewidth of integrated circuit devices and technological advancements, the design complexity and tape-out risk of ultra-large-scale integrated circuits have significantly increased. Chip design companies are gradually outsourcing part or all of the design processes to professional design service companies to reduce design risks and improve tape-out success rates.
Increase in the Number of Domestic Chip Design Companies: Supported by industrial policies and capital investment, has become one of the fastest-growing regions in the global integrated circuit market. The rapid increase in the number of domestic chip design companies has led to a growing demand for design services.
Significant Demand for Chip Customization from System Manufacturers: Facing intensified competition and the rise of personalized user demands, more system manufacturers are joining the chip customization ranks to address industry upgrades and the challenges of core technology localization.
Demand for "Independent, Secure, and Controllable" Chips Amid Trade Frictions: International trade frictions have intensified the market demand for "independent, secure, and controllable" chips. System manufacturers and chip design companies have an increasing need for domestic alternatives. This provides a good market opportunity for local design service companies.
Strong Support from National Industrial Policies: The Chinese government has introduced a series of fiscal, tax, and intellectual property protection policies to create a favorable policy environment for integrated circuit design enterprises. With national policy support, the integrated circuit industry is entering a phase of accelerated growth, providing a favorable external environment for the design service industry.
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