Overview:
Programmable silicon refers to versatile semiconductor
components that can be customized and reconfigured after manufacturing. This
adaptability enables the creation of specialized hardware solutions for various
applications, such as IoT devices, telecommunications, and consumer
electronics. It offers the advantage of quicker development cycles and
flexibility in meeting evolving industry demands while allowing for
post-production adjustments to optimize performance and functionality.
Market Dynamics:
Rise in IoT and connected devices is anticipated to fuel
growth of the global programmable silicon market over the forecast period. The
growing adoption of Internet of Things (IoT) devices and connected technologies
across various industries is driving the demand for programmable silicon. These
devices require flexible and adaptable hardware that can be customized to
specific applications, making programmable silicon an essential component. For
instance, in June 2023, Qualcomm introduced novel satellite IoT solutions aimed
at ensuring continuous remote monitoring and tracking of assets.
Among various other factors higher
costs are likely to impede growth of the global programmable silicon market
during the forecast period.
Programmable silicon can be more expensive than traditional
application-specific integrated circuits (ASICs) due to the added complexity
and flexibility.
Impact of COVID-19:
The COVID-19 pandemic initially
disrupted the programmable silicon market, causing supply chain disruptions and
delaying product launches. However, as remote work and digital transformation
accelerated, demand for programmable solutions surged. Industries such as
healthcare, e-commerce, and telecommunications relied on programmable silicon
for flexible and adaptable hardware solutions. The pandemic underscored the
importance of agile technologies, driving the market's recovery and growth as
companies sought versatile solutions to address evolving needs.
Key Takeaways:
·
The
global Programmable
Silicon Market is anticipated to grow with a CAGR of 12.5 % during the
forecast period, due to increasing product launch by market players to gain
competitive edge in the market. For
instance, in February 2023, Intel unveiled the Agilex FPGA family, representing
a significant advancement. Engineered to offer enhanced scalability and
efficiency compared to its predecessors, the Agilex family caters to a diverse
array of applications such as networking, data centers, and artificial intelligence.
·
North
America region is anticipated to show major growth in the global programmable
silicon market over the forecast period, owing to the region's concentration of
technology hubs and innovation centers. The presence of numerous tech giants,
startups, and research institutions fosters a highly competitive environment
that drives the development and adoption of programmable silicon solutions.
Additionally, the region's diverse industries, including aerospace, automotive,
and telecommunications, leverage programmable silicon to stay at the forefront
of technological advancements, contributing to the sustained growth of the
market in North America.
·
Major
players operating in the global programmable silicon market are Analog Devices
Inc., Xilinx (part of Advanced Micro Devices Inc.), Enpirion (a division of
Altera, now Intel), Intel Corporation (formerly Altera), Tabula (now part
of Mellanox Technologies), Lattice Semiconductor Corporation, Synopsys Inc., Microchip
Technology Inc., Gowin Semiconductor Corp., Achronix Semiconductor Corporation,
Flex Logix Technologies Inc., QuickLogic Corporation, S2C Inc., Efinix Inc.,
and Microsemi Corporation (a subsidiary of Microchip Technology Inc.)
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