How big is the Programmable ASIC Market?

The Programmable ASIC Market size is expected to reach USD 18.50 billion in 2024 and grow at a CAGR of 9.32% to reach USD 28.88 billion by 2029. Read More

What is the current Programmable ASIC Market size?

In 2024, the Programmable ASIC Market size is expected to reach USD 18.50 billion. Read More

Who are the key players in Programmable ASIC Market?

Analog Devices, Inc., Infineon Technologies AG, STMicroelectronics, Texas Instruments Inc. and NXP Semiconductors N.V. are the major companies operating in the Programmable ASIC Market. Read More

Which is the fastest growing region in Programmable ASIC Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Programmable ASIC Market?

In 2024, the North America accounts for the largest market share in Programmable ASIC Market. Read More

What years does this Programmable ASIC Market cover, and what was the market size in 2023?

In 2023, the Programmable ASIC Market size was estimated at USD 16.92 billion. The report covers the Programmable ASIC Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Programmable ASIC Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Programmable ASIC Market Trends

Market Trends of Programmable ASIC Industry

Increasing Demand from Consumer Electronics Segment to Drive the Market

Manufacturers are incorporating cutting-edge technology such as artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT) into their consumer electronics products. Programmable ASICs are the greatest solution for consumer electronics manufacturers because they provide the processing power and flexibility required to support these technologies.
To maximize battery life, consumer electronics gadgets must consume as little electricity as possible. Programmable ASICs are designed to consume less power, making them an excellent choice for consumer electronics gadgets.
AI and machine learning are becoming increasingly important in consumer electronics, particularly in smartphones and smart speakers. Programmable ASICs provide the computing power required to support these technologies, making them the ideal choice for consumer device manufacturers.
In the consumer electronics sector, the use of IoT devices is rapidly increasing. Programmable ASICs are an excellent choice for consumer electronics manufacturers looking to produce IoT devices because they can meet the connectivity and processing needs of IoT devices.

Programmable ASIC Market - Apple iPhone Quarterly Revenue, 2021-2023, in USD Billions

Understand The Key Trends Shaping This Market

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Asia-Pacific to Witness High Growth

In the Asia Pacific region, there is a growing market for consumer electronics, and programmable ASICs are being employed in more and more of these products. For instance, Samsung declared that it had created a brand-new Programmable ASIC for usage in its 5G devices in 2021. The new processor is the best option for 5G handsets since it delivers higher data transfer rates and increased power efficiency.
The Asia Pacific region's automobile industry is implementing cutting-edge technologies like ADAS, which need for high-performance computing options like Programmable ASICs. For instance, a top producer of programmable ASICs, Xilinx, revealed in 2021 that it had teamed up with Chinese carmaker SAIC Motor to create a new ADAS platform. The platform offers cutting-edge safety features including lane departure warnings and autonomous emergency braking thanks to Xilinx's Programmable ASICs.
Asia Pacific continues to see tremendous investment in the semiconductor sector. For instance, the Taiwanese government declared in 2021 that it will spend USD 334 million over the following five years on the development of cutting-edge technologies, such as Programmable ASICs. The investment will help Taiwan maintain its position as the region's top producer of semiconductors.
The growth of the semiconductor sector has continued to get assistance from governments in the Asia Pacific area. The Production-Linked Incentive (PLI) scheme for the semiconductor industry, for instance, was introduced by the Indian government in 2021. The programme offers financial incentives to semiconductor manufacturers, particularly those working on Programmable ASICs, to entice them to establish or grow their operations in India.
The increasing usage of cloud computing and other digital technologies is fueling a significant increase in demand for data centres throughout the Asia Pacific region. A new cloud-based Programmable ASIC platform named X-Engine was created in 2021, according to an announcement made by Alibaba Cloud, one of China's top cloud service providers. The platform leverages Programmable ASICs to give processing performance that is faster and more effective, making it the perfect option for data centre applications.