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The 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 silicon-based chips that offer users high-level programming flexibility and control over logic functions. It includes field-programmable gate arrays (FPGAs), complex programmable logic devices (CPLDs), and programmable system on chips (SoC). They provide various advantages over fixed-function chips such as lower development costs, fast time-to-market, easy product evolution and flexibility. Their programmable nature allows optimization of resources to match application requirements which accelerates innovation. Market key trends: One of the key trends driving the programmable silicon market growth is the increasing digitalization across industries. Many traditional industries are embracing digital technologies to enhance productivity and efficiency. Programmable silicon such as FPGAs are increasingly deployed in applications ranging from aerospace and automotive to consumer electronics and healthcare. They enable better control, faster reprogrammability and improved performance in digital signal processing, high-performance computing, machine learning and data analysis based applications. Their reconfigurable nature supports periodic product and technology updates which is crucial for industrial automation and IoT devices. Furthermore, continuous technology advancements are enhancing programmable silicon capabilities and density while reducing costs, expanding their use in a wide range of applications. Porter's Analysis Threat of new entrants: Low barriers for new entrants as the programmable silicon technology is easily available. However, established players have large customer base and economies of scale. Bargaining power of buyers: Buyers have moderate bargaining power due to the availability of variety of programmable silicon chip options from different manufacturers. Bargaining power of suppliers: Suppliers have low to moderate bargaining power as raw materials for programmable silicon manufacturing are commodity products and available from numerous suppliers globally. Threat of new substitutes: Threat of new substitutes is moderate as FPGA technology provides design flexibility while ASIC provides performance benefits. Competitive rivalry: Fierce competition among existing players to gain market share. SWOT Analysis Strengths: Programmable silicon chips provide design flexibility and reusability. Rapid customization and time to market advantages. Weaknesses: Higher unit cost than custom ASIC chips. Require additional software tools and expertise for complex designs. Opportunities: Growing demand for customized hardware accelerators in data centers and edge devices. Increasing deployment of IoT devices boosting programmable silicon usage. Threats: Commoditization of FPGA segments. Declining ASPs impacting revenues. Trade tensions resulting in global supply disruptions. Key Takeaways The Global Programmable Silicon Market is expected to witness high growth, exhibiting CAGR of 12% over the forecast period, due to increasing deployment of edge computing devices. Rapid development of 5G networks and proliferation of IoT sensors is another major driver fueling the demand. The North American region currently dominates the global programmable silicon market and is expected to remain the highest revenue generating region during the forecast period. However, Asia Pacific region is emerging as the fastest growing regional market owing to presence of key players and rising electronic goods production in countries like China, India, Taiwan and South Korea. 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. The players are focusing on new product launches and expansions to strengthen their market presence. Read More - https://www.pressreleasebulletin.com/the-programmable-silicon-enabled-iot-devices-pave-way-for-next-wave-of-digitization/
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