Increasing Consumer Awareness to Fuel Adoption of Asic Design Services Market

Posted by VISHAL PAHURKAR on December 8th, 2020

ASIC Design Services: Introduction

ASIC design services, or Application-specific IC Design Services, offered by most ASIC service providers, include planning, design and development of integrated circuits as per their end-use requirements and specifications. Companies offering ASIC design services design and/or develop both, small scale and large scale, application-specific integrated circuits.

ASIC design services demand a specification document from a client, and the specifications provided are converted into integrated circuits. This conversion carried out by ASIC design service providers depend entirely on the client’s project requirement. ASIC design services may support the client’s entire project or only small block development. Some of the services in the ASIC design services market include, architecture and concept design, technology selection, and application-specific IC simulation, verification and qualification, among other services.

ASIC Design Services: Market Drivers and Opportunity

ASIC design services offer an opportunity for the client to ensure industrial process control. While deciding on the project-specific requirements and studying ASIC design service particulars, the client is motivated to consider the existing and future market parameters, such as supply and demand, from the customer’s perspective. This practice enables the client to enhance and maintain revenue generation on the longer run. This factor is estimated to urge different industry verticals to avail ASIC design services. However, small enterprises and industries cannot afford ASIC design services. This factor, along with the lack of awareness in the market regarding the existence of ASIC design services, is estimated to challenge the growth of the global ASIC design services market during the forecast period.

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ASIC Design Services: Market Segmentation

On the basis of service type, the global ASIC design services market can be segmented into the following,

• ASIC Support and Upgrades
• ASIC Manufacturing
• ASIC Qualification
• ASIC Verification
• ASIC Simulation
• IP Integration
• Block/IP Level ASIC Development
• Full ASIC Development
• Technology Selection
• Architecture and Concept Design
• ASIC Feasibility Study

Today, ASIC design service providers offer a vast range of ASIC design services. Clients can choose and reject different ASIC design services as per their project related specifications and budget. Occasionally, enterprises and industries, with strong research and development or expansion budgets, invest heavily in order to avail all these ASIC design services. ASIC design service providers ensure maximum customer satisfaction by offering high-end, advanced ASIC design services in order to develop efficient and long lasting application-specific integrated circuits.

On the basis of ASIC type, the global ASIC design services market can be segmented into the following,

• Automotive ASICs
• Medical ASICs

Both, automotive ASICs and medical ASICs may be sub-segmented into mixed signal ASICs, analog ASICs, digital ASICs, low power ASICs, wireless (RF) ASICs, and high voltage ASICs. Currently, automotive ASICs hold the largest market share of the global ASIC design services market. Automotive ASICs are also expected to record a higher growth rate in the global ASIC design services market, as compared to the medical ASIC type. This growth rate may be attributed to the ever-rising demand for efficiently customized automation-enabling integrated circuits in the automotive industry.

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