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.
Programmable silicon refers to a category of integrated circuits that can be reconfigured for multiple applications post-manufacturing. Programmable logic or Field Programmable Gate Arrays (FPGA) is the fastest growing segment within the programmable silicon market owing to its advantages such as lower Non-Recurring Engineering (NRE) costs, faster time to market, and flexibility to upgrade designs with new features. Programmable logic finds applications in data centers, automotive, communications, consumer electronics, industrial, aerospace & defense and medical among others.
Market Overview:
Programmable silicon refers to integrated circuits like FPGAs and CPLDs that can be configured and reconfigured multiple times post-manufacturing allowing designers to modify circuit behaviors according to design needs. They provide advantages like lower development costs, faster time to market and flexibility to upgrade designs over their fixed-function alternatives.
Market key trends:
One of the key trends in the programmable silicon market is the growing demand for AI and machine learning applications. FPGAs are increasingly being used in AI applications owing to their parallel architecture and reprogrammability which allows adapting algorithms in real-time as more data becomes available. Their ability to process massive amounts of data simultaneously makes them suitable for data-intensive AI workloads. With the growth in AI and machine learning, demand for efficient and scalable FPGA solutions is expected to rise significantly over the forecast period.
Segment Analysis
The programmable silicon market is dominated by field-programmable gate arrays (FPGAs), which accounted for over 50% share in 2022. FPGAs allow designers to configure the functionality of digital circuits after manufacturing and offer benefits such as low power consumption and faster reprogrammability compared to other programmable logic devices. The growing demand for customized computing power from various industries such as consumer electronics and data centers is driving the adoption of FPGAs.
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 computing power from various end-use industries.
Regional analysis
North America currently dominates the programmable silicon market, accounting for over 35% share in 2022. This is attributed to the presence of several FPGA vendors and foundries in the region. Asia Pacific is expected to grow at the fastest pace during the forecast period, driven by rapid industrialization and growing electronics manufacturing sector in countries such as China, Taiwan, and South Korea.
Key players
Key players operating in the programmable silicon market are Xilinx, Intel Corporation, Lattice Semiconductor, Microchip Technology Inc., Achronix Semiconductor, QuickLogic, Efinix Inc, Microsemi Corporation, S2C Inc., Flex Logix Technologies, Gowin Semiconductor, Synopsys, and Tabula. Xilinx and Intel Corporation hold over 50% of the total market share due to their strong global presence and wide portfolio of FPGA products.
