ASIC design service market seen reaching $15.37 billion by 2030

The ASIC design service market is projected to grow from $9.59 billion in 2025 to $15.37 billion by 2030, driven by demand for custom chips in electric vehicles, advanced driver-assistance systems, AI and connected devices. North America led the market in 2025, while Asia-Pacific is expected to grow fastest.

Why it matters: - ASIC design services are becoming more important as industries move toward custom chips built for specific performance, power and cost targets. - Growth in electric vehicles, advanced driver-assistance systems, AI and connected devices is increasing demand for specialized semiconductor design. - The market’s expansion points to broader outsourcing of chip design and more investment in next-generation semiconductor development.

What happened: - The ASIC design service market was valued at $9.59 billion in 2025. - The market is expected to rise to $10.57 billion in 2026, a 10.2% compound annual growth rate. - The market is forecast to reach $15.37 billion by 2030, at a 9.8% CAGR. - The forecast comes from The Business Research Company’s Global Market Report 2026 on the ASIC design service market.

The details: - ASIC design services cover custom semiconductor chip development for specific functions rather than general-purpose use. - The work includes chip architecture design, logic development, verification and physical design. - The goal is to meet targeted performance, power consumption and cost requirements. - Demand is rising for ASIC designs optimized for performance and power efficiency. - Verification and validation services are becoming more important as ASIC designs get more complex. - Cost-effective prototyping and development are also emerging as key priorities. - A free sample of the report is available here. - The full report is available here.

Between the lines: - Electric vehicles and ADAS are major demand drivers because both require fast, reliable chips for processing sensor data from cameras, radar and LiDAR. - The International Energy Agency reported that electric vehicle sales in 2023 rose by 3.5 million units from 2022, a 35% year-over-year increase. - North America held the largest market share in 2025, supported by established semiconductor and automotive industries. - Asia-Pacific is projected to post the fastest growth during the forecast period as semiconductor manufacturing investment rises and electronics and automotive demand grows. - Other regions covered in the analysis include South East Asia, Western Europe, Eastern Europe, South America, the Middle East and Africa.

What's next: - Market growth is expected to be shaped by more AI- and machine-learning-specific ASIC design work. - Broader use of advanced semiconductor architectures should support demand through 2030. - More custom chips for connected devices are likely to increase the need for design, verification and validation services. - The Business Research Company’s 2026 report also adds market attractiveness scoring, TAM analysis, company scoring matrix graphics, Excel dashboards, hotspot infographics and updated graphics and tables.

The bottom line: - ASIC design services are moving from a niche capability to a core enabler of automotive, AI and connected-device hardware.