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ASIC Design Services Market Segmented By Service type such as 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 with ASIC type such as Automotive ASICs, Medical ASICs
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.
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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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Wide range of ASIC design services available in the North American and European markets is expected to drive the growth in those regions. Also, futuristic perspectives of industries operating in North America and Europe are anticipated to motivate various industry verticals to avail efficient ASIC design services.
Industries in Asia Pacific economies, such as India, China and Japan, are striving to enhance their revenue generation by making huge investments in industrial automation enabling equipment. This factor is estimated to motivate businesses to avail ASIC design services in the region.
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Some of the major market players in the global ASIC design services market include, Synapse Design, Microsemi, ChipGlobe GmbH, Advanced Semiconductor Technology (AST), Sankalp Semiconductor, Faststream Technologies, Wafer Space, Comport Data, ICsense and EnSilica, among others.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
