by 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 12% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Programmable silicon refers to integrated circuits that can be programmed after manufacturing using hardware description languages (HDLs) such as VHDL or Verilog. Some common types of programmable silicon include Field Programmable Gate Arrays (FPGAs), Complex Programmable Logic Devices (CPLDs), and programmable processors. The major advantage of programmable silicon over traditional fixed-function devices is flexibility. Programmable silicon allows design and development of circuits and systems without the high costs associated with initial production or prototyping of complex, application-specific integrated circuits (ASICs). Programmable silicon finds widespread use in industries such as aerospace & defense, automotive, consumer electronics, industrial, medical, and telecommunications.
Market key trends:
The programmable silicon market is driven by increasing adoption of artificial intelligence (AI)-enabled edge computing applications. Emerging technologies such as autonomous vehicles, industrial IoT, and advanced driver-assistance systems (ADAS) are generating massive volumes of data that need to be processed in real-time at the edge. However, edge devices have limited power and space. Programmable silicon such as FPGAs are increasingly being used to develop energy-efficient and compact AI accelerators for seamless integration into edge devices. Their ability to support hardware acceleration of deep learning models enables low-latency decision making essential for real-time industrial and automotive control applications. Additionally, the rapid pace of innovation in 5G technology has boosted demand for smarter programmable chips that facilitate seamless connectivity and communication at the network edge.
Porter’s Analysis
Threat of new entrants: New companies may face high costs for manufacturing and R&D in this specialized technology sector. Bargaining power of suppliers: A few suppliers dominate the raw material market giving them strong negotiating power.
Bargaining power of buyers: Large technology companies have significant influence over prices and innovation in the programmable silicon market.
Threat of new substitutes: Alternatives such as ASICs pose a threat but programmable silicon provides advantages of flexibility and customization.
Competitive rivalry: Large players compete intensely on technology leadership, custom solutions, and pricing.
Key Takeaways
The Global Programmable Silicon Market is expected to witness high growth, exhibiting a CAGR of 12.% over the forecast period, due to increasing demand for customizable chip solutions across various industries.
Regional analysis: North America dominates the global programmable silicon market, followd by Asia Pacific. This is attributed to strong presence of manufacturing units of major players and growing electronics industry in countries like China and India.
Key players: Key players operating in the Programmable Silicon Market are Xilinx (part of Advanced Micro Devices Inc), Intel Corporation (formerly Altera), Lattice Semiconductor Corporation, Microchip Technology Inc., Achronix Semiconductor Corporation, QuickLogic Corporation, Efinix Inc, Microsemi Corporation (a subsidiary of Microchip Technology Inc.), S2C Inc., Flex Logix Technologies Inc, Gowin Semiconductor Corp., Synopsys Inc, Tabula (now part of Mellanox Technologies), Enpirion (a division of Altera, Â now Intel), Analog Devices Inc. Xilinx and Intel capture majority of market share due to their technologically advanced solutions.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
