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 products include field-programmable gate arrays (FPGAs), application-specific integrated circuits (ASICs) and complex programmable logic devices (CPLDs). These products provide advanced chip solutions by allowing users to program and reprogram integrated circuits post-production. They offer benefits such as faster time to market, lower engineering costs, reduced risks and flexibility.
Market key trends:
Advancements in device architecture and technologies are driving the growth of programmable silicon market. For instance, new FPGA devices are integrating technologies like system-on-chip (SoC) and high-bandwidth memory (HBM) to provide superior performance and capabilities. Additionally, growing penetration of artificial intelligence and machine learning workloads in various industries is propelling the demand for efficient programmable logic solutions. Furthermore, increasing deployment of 5G networks worldwide is augmenting the need for high-performance programmable devices that can handle complex computational tasks. Rising demand for low power consumption and high-speed programmable products from data center segment is another factor fueling the programmable silicon market expansion over the forecast period.
Market key trends:
One of the key trends in programmable silicon market is the increasing demand for AI and ML applications across industries. Programmable silicon devices like FPGAs provide high parallelism and flexibility which allows processing large AI models much faster compared to general purpose processors. FPGAs are being widely adopted for compute-intensive AI workloads in data centers and edge devices.
SWOT Analysis
Strength: FPGAs offer high flexibility and reprogrammability which allows adapting to changing workloads and technologies.
Weakness: FPGAs have higher upfront costs compared to ASICs and require more expertise and design time for development.
Opportunity: Growing adoption of AI, ML and edge computing creates opportunities for programmable silicon in data centers and edge devices.
Threats: Competition from ASICs specially designed for AI workload which offer better performance and power efficiency compared to FPGAs.
Key Takeaways
The Global Programmable Silicon Market is expected to witness high growth, exhibiting CAGR of 12.% over the forecast period, due to increasing demand for AI and ML applications. North America is expected to dominate the programmable silicon market during the forecast period due to growing adoption of ML frameworks and presence of key FPGA players in the region.
The global programmable silicon market size for 2023 is US$ 91.13 Bn. The increasing deployment of AI chips in data centers is a major driver of the market. Big cloud companies like AWS, Azure and Google are increasingly relying on FPGAs to accelerate AI training and inference.
Regional analysis:
Asia Pacific is expected to be the fastest growing region in the programmable silicon market during the forecast period. This is attributed to growing electronics manufacturing industry in China and presence of foundry giants like TSMC and UMC catering to FPGA 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
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it