The programmable silicon market involves developing and manufacturing application-specific integrated circuits (ASICs), field-programmable gate arrays (FPGA) and other programmable logic devices (PLD). These integrated circuits can be repeatedly reconfigured to serve different functions and applications owing to their reprogrammable capability. Programmable silicon has enabled the integration of digital, mixed-signal, analog and customized logic functions into a single chip. It provides advantages like low-cost, low-power consumption, and faster deployment which has led to their increasing use in various end-use industries like automotive, consumer electronics, communications & industrial among others. The rising demand for IoT devices and requirement of on-field customizations and upgrades has been fueling the need for programmable silicon across these industries.
The Global programmable silicon market is estimated to be valued at US$ 104.99 Bn in 2024 and is expected to exhibit a CAGR of 6.5% over the forecast period 2024 to 2030.
Key Takeaways
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. These players dominate the market with their extensive product portfolio and global distribution networks.
The rising demand for IoT devices along with the need for upgradeability and flexibility across automotive, medical and industrial sectors is propelling myriad opportunities for adoption of programmable silicon. Telecommunications industry is also expected to witness significant consumption of programmable logic owing to increasing 5G deployments globally.
North America, being an early adopter of advanced technologies currently holds the largest share in The Programmable Silicon Market. However, Asia Pacific is anticipated to be the fastest growing regional market on account of rapid industrialization, growing electronics sector and increasing medical device production in China, India, Japan and South Korea.
Market Drivers
Automotive infotainment systems, advanced driver-assistance systems (ADAS), electrification are witnessing proliferating adoption of programmable silicon gates to enable complex features with higher reliability. Growing production of autonomous and electric vehicles continues to drive the demand for robust, customizable silicon chips in the automotive market.
Market Restraints
High initial development costs involved and lengthy validation processes hinder the small-scale adoption of programmable silicon chips. Limited design expertise and investment capabilities also pose challenges, especially for startups and smaller OEMs to leverage the benefits of customizable silicon.
Segment Analysis
The programmable silicon market can be segmented into FPGA, microprocessor, ASIC, and others. The FPGA segment dominates the market currently holding around 35% share and is expected to continue its dominance over the forecast period owing to the advantage of low risk of obsolete compared to ASIC and flexibility for design changes compared to microprocessor. The FPGA allows updating or reprogramming of the device hardware by software, thereby reducing design risks and making it suitable for prototypes and product redesigns.
Global Analysis
In terms of regional demand, North America currently leads the programmable silicon market and is projected to maintain its position over the forecast period. This is attributed to considerable investments by companies and research institutes on developing advanced programmable silicon solutions in the region. However, Asia Pacific is anticipated to offer lucrative opportunities with the highest growth rate during the forecast years. This growth can be accredited to flourishing electronics sector, supportive government policies, and increasing manufacturing activities in economies like China, Japan, South Korea, and Taiwan in the region.
Comments
0 comment