The global Programmable Silicon Market Growth Accelerated by Rising Demand for Wireless Connectivity

Programmable silicon allows the creation of chips that can be adapted and reconfigured after manufacturing. Programmable silicon devices such as Field Programmable Gate Arrays (FPGAs) and Programmable System-on-Chip (SoC) provide speed, size, and power advantages over traditional fixed-architecture chips. Rising demand for wireless connectivity in smartphones, Internet of Things devices and edge computing applications is driving adoption of programmable silicon which allows easy integration of wireless functionality.

The global Programmable Silicon Market is estimated to be valued at US$ 104.99 Bn in 2023 and is expected to exhibit a CAGR of 6.5% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The rising demand for wireless connectivity among consumers is one of the key factors driving growth of the programmable silicon market. Programmable silicon allows easy integration of wireless protocols like Bluetooth, WiFi, 3G and 4G onto a single chip. This enables device manufacturers to develop multimode connectivity devices with minimal redesigning effort. FPGAs and SoCs with programmable silicon offer agile wireless connectivity compared to traditional fixed-function chips. They can also be easily reprogrammed to transition to newer wireless standards like 5G. This provides long product life and future-proofing for devices. Thus, the availability of configurable wireless functions is increasing adoption of programmable silicon in applications ranging from IoT to mobile computing.

Segment Analysis

The global programmable silicon market size is dominated by the FPGA sub-segment. FPGAs account for the largest share as they provide flexibility in design and can be reprogrammed multiple times depending on the design requirements. They enable faster time-to-market and reduce costs compared to ASICs.

Key Takeaways

The global programmable silicon market is expected to witness high growth over the forecast period of 2024 to 2031 driven by increasing adoption across diverse industry verticals. The global Programmable Silicon Market is estimated to be valued at US$ 104.99 Bn in 2023 and is expected to exhibit a CAGR of 6.5% over the forecast period 2024-2031.

Regional analysis: North America dominated the global market in 2024 and is expected to maintain its position during the forecast period. Significant investments in R&D by major players and early adoption of advanced technologies across industries such as aerospace & defense, telecommunications, automotive support market growth in the region.

Key players: 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.

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