Market Size and Overview:

Projected figures suggest that the Channelled Gate Array ASIC market is anticipated to reach a value of USD 300 billion by the year 2023, with an estimated increase to USD 650 billion by 2030. This growth trajectory is expected to be characterized by a Compound Annual Growth Rate (CAGR) of 16.7%.

Industry Overview:

An application-specific integrated circuit (ASIC) refers to an integrated circuit tailored for a specific application or end-use, distinguishing it from broader-purpose ICs. Examples include the IC in a DVD player decoding optical disc data and an ASIC designed as a lithium-ion battery charge controller. Unlike common ICs used across various applications, ASICs are dedicated to specific programs. Their application-specific nature allows for enhanced capability, reduced size, lower power consumption, and less heat generation compared to generic IC solutions. ASICs have played a pivotal role in the integrated circuit industry since the early 1980s, influencing semiconductor industry growth, altering economic structures, and significantly impacting IC designs and design engineering. The entire semiconductor design and manufacturing ecosystem, encompassing system design, fabrication, testing, packaging, and CAD tools, has also been influenced by ASICs.

COVID-19 Impact:

The global economic downturn and disruptions in the supply chain due to the COVID-19 pandemic have posed challenges for the Channelled Gate Array ASIC market and its supplier factories. Collaborative efforts are underway to support suppliers during these exceptional circumstances, prioritizing the health and safety of factory workers. ASICs closely monitor the pandemic's impact on the supply chain, working with relevant agencies and business associations to mitigate adverse effects. The shift to remote work has led to significant challenges in the IT industry, resulting in missed opportunities for businesses with international dealers. Notably, the market may witness a substantial decline in Apple Inc.'s shares due to disruptions in the iPhone supply chain originating from China's crackdown.

MARKET DRIVERS:

Increasing demand for customizable ICs is driving growth in Channelled Gate Array ASIC Market

Increasing Demand for Customizable ICs Driving Channelled Gate Array ASIC Market Growth

The market is expanding due to the growing demand for customizable ICs, allowing designers to modify products. Various sectors, including industrial, automotive, and healthcare, witness an increased demand for custom ICs. Medical equipment, such as CT scanners, digital X-ray machines, ultrasound machines, and ECG machines, utilizes customized ICs.

Growing Demand in Aerospace Industry Driving Channelled Gate Array ASIC Market

The aerospace sector's substantial growth, employing FPGAs for waveform creation, image processing, reconfiguration, and aircraft navigation, is a key driver for the field-programmable gate array (FPGA) market. FPGAs, known for high compute density and low power consumption, find applications in security, network processing, and deep packet inspection. The rising demand for autonomous driving experiences further boosts the need for FPGAs with sophisticated sensors and AI-enabled domain controllers.

MARKET RESTRAINTS:

Low Awareness Hampers Channelled Gate Array ASIC Market Growth

The limited awareness of Channelled Gate Array ASIC technology is impeding its growth in the market.

High Capital Costs Restraining Channelled Gate Array ASIC Market Growth

The industry faces limitations in growth due to the high capital costs associated with FPGAs. While FPGAs offer advantages such as upgradeability and reprogrammability, reducing the need for purchasing new machinery when processes change, the initial capital investment remains a constraint. Additionally, the ability to personalize chips with programmable logic components configured in various ways contributes to the high cost of capital.

Channelled Gate Array ASIC Market Segmentation – By Design Type:

• Semi-Custom
• Programmable
• Full Custom

In the context of design type, the Channelled Gate Array ASIC market can be categorized into Semi-Custom, Programmable, and Full Custom. The ASIC design process involves the integration and downsizing of individual components into a singular element, aiming to reduce the cost and size of an electronic circuit, product, or system. Unlike electronic products in the 1980s, which were constructed using general-purpose ICs, contemporary applications utilize ASICs for dedicated functions. Full Custom ASIC design, although more challenging, results in significantly enhanced chip capability compared to gate-array alternatives due to increased complexity and tailored customization, leading to a notable reduction in size.

Channelled Gate Array ASIC Market Segmentation – By Programming Technology:

• Static RAM
• Antifuse
• EEPROM
• EPROM
• Others

The programming technology segmentation of the Channelled Gate Array ASIC market includes Static RAM, Antifuse, EEPROM, EPROM, and Others. ASICs, designed for specific client needs, address tasks required by the client's finished product. For instance, a cell phone manufacturer might create an ASIC combining the battery charging circuit and display lighting controller to reduce the phone's size.

Channelled Gate Array ASIC Market Segmentation – By Region:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East and Africa

The regional segmentation of the Channelled Gate Array ASIC market covers North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. China stands as the world's largest semiconductor market, annually consuming over half of all semiconductors, both for domestic use and potential export. The rapid growth of Chinese demand has positively influenced the FPGA market. Despite approximately 30% of their needs being met by domestic Chinese producers, the government encourages domestic semiconductor production to reduce dependence on foreign suppliers. The 5G deployment in both network and device domains, with China leading in early adoption, contributes to the growth of the FPGA market. China's dominance in electronics production, artificial intelligence (AI) development, and the rising demand in smart homes and IoT further drive the FPGA market in the region. Notably, FPGAs play a crucial role in the development of Chinese military UAV systems.

Channelled Gate Array ASIC Market Segmentation – By Company:

• Achronix Semiconductor
• Cypress Semiconductor Corporation (Infineon Technologies AG)
• Efinix Inc.
• EnSilica Limited
• Flex Logix Technologies Inc.
• Gidel Inc.
• Intel Corporation
• Lattice Semiconductor Corporation
• Microsemi Corporation (Microchip Technology Inc.)
• Quicklogic Corporation
• Taiwan Semiconductor Manufacturing Company
• Xilinx Inc.

Notable Happenings in the Channelled Gate Array ASIC Market in the Recent Past:

• In February 2022, QuickLogic Corporation introduced the PolarPro 3 line of low-power, SRAM-based FPGAs to address semiconductor supply availability issues. This family offers high adaptability, die alternatives, small footprints, and low power consumption.
• In November 2021, Xilinx released Alveo U55C, the most potent accelerator card designed for HPC and large data workloads, featuring the highest computing density and HBM capacity in the Alveo accelerator lineup.