Programmable silicon provides advanced features such as multi-core processing and field programmable gate arrays (FPGAs). Programmable silicon chips are gaining popularity as compared to fixed-function silicon chips owing to their reprogrammability, flexibility and integration of advanced technologies such as IoT, big data analytics, machine learning and artificial intelligence.
The global Programmable Silicon Market is estimated to be valued at US$ 91.13 Bn in 2023 and is expected to exhibit a CAGR of 6.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The incorporation of advanced technologies is one of the major trends driving the growth of the programmable silicon market. The programmable silicon chips allow integration of latest technologies such as IoT, big data analytics, machine learning and artificial intelligence by reprogramming the chip according to the evolving technologies.Earlier programmable silicon chips had limited capabilities but incorporation of advanced technologies has enabled multi-core processing and high performance computing at low power. This has increased the adoption of programmable silicon chips by various industries. Furthermore, programmable silicon chips find wide applications in emerging technologies such as autonomous vehicles, smart homes, industrial automation etc. The rapid advancements in technologies are expected to fuel the demand for reprogrammable programmable silicon chips thereby accelerating the market growth over the forecast period.
Segment Analysis
The global programmable silicon market is dominated by field programmable gate arrays (FPGAs) sub segment. FPGAs hold the largest share as they can be reprogrammed multiple times post manufacturing for diverse applications. Compared to other programmable logic devices like complex programmable logic devices (CPLDs), FPGAs have higher logic capacity, I/O counts and versatility to adapt to changing standards and technologies which has made them first choice for programmable silicon solutions.
Key Takeaways
The global Programmable Silicon Market Demand is expected to witness high growth over the forecast period driven by increasing demand for customized IC solutions across industries. Rapid product innovation cycles and need for prototyping are compelling companies to rely on programmable silicon devices. The global Programmable Silicon Market is estimated to be valued at US$ 91.13 Bn in 2023 and is expected to exhibit a CAGR of 6.5% over the forecast period 2023 to 2030.
Regional analysis Asia Pacific region currently dominates the global programmable silicon market and the trend is expected to continue during the forecast period. Countries like China, Taiwan, South Korea and Japan are major manufacturing hubs for semiconductors and electronic products driving significant demand for programmable silicon in the region. North America and Europe are other prominent markets driven by presence of key players like Xilinx, Intel, Microsemi, etc.
Key players operating in the programmable silicon market are Becton, Dickinson and Company, B. Braun Melsungen AG, Nipro Corporation, ICU Medical, Inc., Baxter International Inc., Terumo Corporation, Smiths Medical, Fresenius Kabi AG, Eli Lilly and Company, JMS Co. Ltd., and NewIV Medical, Inc. The companies are focusing on new product launches and expansion in emerging markets to increase their revenue share. For instance, in 2022, Xilinx introduced new Versal HBM series FPGAs to target high performance computing applications.
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