ASIC Design Starts by Major Market Applications Q3 2024
Explore the steady growth of ASIC Design Starts at a 2.7% CAGR from 2023 to 2029, driven by SoCs, automotive, industrial, and emerging consumer tech, with AI integration promising significant boosts.
ASIC Design Starts will grow at a steady CAGR of 2.7% from 2023 to 2029, driven by SoCs (+3.3%) pushing integration forward. Key growth segments include automotive (autonomous driving, electrification), industrial (smart-grid, IIoT), and emerging consumer tech like wearables and AR/VR. Despite slowdowns in structured ASICs and maturing communication and computing markets, introducing Artificial Intelligence capabilities promises significant boosts to design starts and unit shipments across various applications.
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