Programmable silicon devices such as field-programmable gate arrays (FPGAs), complex programmable logic devices (CPLDs), and the latest application-specific integrated circuits (ASICs) offer a high degree of flexibility and customization. FPGAs are semiconductor devices that are based around a matrix of configurable logic blocks (CLBs) connected via programmable interconnects. CPLDs are basically simpler versions of FPGAs, containing logic blocks and interconnects that can be customized after manufacturing. ASICs are integrated circuits customized for a particular use, rather than intended for general-purpose use. These programmable silicon devices are majorly used in industries such as communications, automotive, consumer electronics, and data processing. Recent advancements in IoT technologies are generating massive volumes of data, fueling the need for edge computing. Programmable silicon is increasingly being used in edge devices and edge gateways that need to process real-time input from sensors and actuators.
The global Programmable Silicon Market is estimated to be valued at US$ 91.13 billion in 2023 and is expected to exhibit a CAGR of 6.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
The adoption of IoT technologies is expected to drive the growth of the programmable silicon market during the forecast period. IoT is enabling the connection of physical devices embedded with sensors, software, and network connectivity, which is generating huge volumes of data. Programmable silicon plays a vital role in edge computing by enabling processing and analytics capabilities in edge devices and gateways close to where data is generated. This removes latency issues and reduces bandwidth requirements of transmitting raw data to centralized cloud platforms for analysis. An exponential rise in connected IoT devices worldwide is leading to increased need for efficient edge computing infrastructure supported by programmable silicon. The emergence of new industrial applications such as Industry 4.0 is another major driver as it requires real-time collection and analysis of sensor data for process optimization in manufacturing facilities.
The programmable silicon market is dominated by programmable logic devices sub segment which holds around 40% market share. Programmable logic devices are primarily used in consumer electronics, computer networks and telecommunications which drives their high demand. Field Programmable Gate Arrays (FPGAs) sub segment is the fastest growing sub-segment under programmable logic devices led by their programmability and flexibility.
Political: The trade relations between key countries impacts the sourcing of programmable silicon components.
Economic: Rising disposable incomes drives demand for consumer electronics and networking products using programmable silicon.
Social: Increasing digitalization and automation adoption across industries fuels market growth.
Technological: Developments in FPGA architecture, growing AI adoption and emerging technologies like edge computing presents new opportunities.
The global Programmable Silicon Market Demand was valued at US$ 91.13 Bn in 2024 and is expected to reach US$ 153.12 Bn by 2030, expanding at a CAGR of 6.5% during the forecast period.
North America dominated the market in 2024 led by strong technological adoption in the US. The regional market is projected to witness a CAGR of 7.1% during the forecast period.
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. Key players are focusing on new product launches and partnerships to expand their market share.
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it