A new analysis of the programmable logic integrated circuits market has forecasted that sales of the devices will grow to around $10 billion (£6.35 billion) by 2016.
In 2009, the industry sold around $3.5 billion worth of the programmable integrated circuits, but this is expected to be boosted by a demand for flexible devices to support internet-based technologies, hitting $9.6 billion in six years' time.
With 2.5 billion internet users and a current trend for developing connectivity on mobile phones, WinterGreen Research predicts that programmable logic chips will support a roll-out of broadband innovations.
Susan Eustis, president of WinterGreen Research, said: "Costs of broadband devices are expected to decrease rapidly in response to the continuing economies of scale. Markets for programmable logic integrated circuits are compelling due to their innovation and flexibility."
Wintergreen has been analysing the telecommunications and advanced computer markets for the past 30 years, focusing on the internet, software, hardware and nanotechnology.