Global Field Programmable Gate Array (FPGA) Market to Reach US$ 19.7 Billion by 2028, Propelled by Widespread Product Adoption Across Industries

August 09, 2022

According to the latest report by IMARC Group, titled "Field Programmable Gate Array (FPGA) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global field programmable gate array (FPGA) market reached a value of US$ 11.4 Billion in 2022. A field-programmable gate array (FPGA) is a flexible platform that is widely adopted for rapid prototyping. The device is a digital integrated circuit (IC) with firmware that is designed from customizable logic block (CLBs) connected through programmable interconnects. As compared to application-specific integrated circuits (ASICs), FPGA helps in internal configuration and its operations can be updated as per the functional, desired, and application requirements at relatively lower costs. It is similar to programmable read-only memory (PROM), although it has better potential. FPGA enables consumers to develop custom chips with programmable logic while offering high performance, energy efficiency, long-term availability, real-time applications, and parallel data processing. Consequently, it finds extensive applications in the synthesis flow and algorithmic and applied cryptographic security. Currently, its various product variants encompass processor cores, hardened blocks, and programmable input/output (I/O) that do not require programming.

Field Programmable Gate Array (FPGA) Market Trends:

The widespread adoption of FPGA across various industrial verticals can be attributed to the increasing employment of data centers and the need for high-performance computing systems for security, inspection, and network processing. This is further influenced by the growing awareness amongst users regarding the multiple product benefits, including optimized autonomous operations and response time. In line with this, the rapid growth in the automotive industry and the emerging trend of autonomous driving are supporting the market growth. FPGA is incorporated in automated vehicles for advanced driver assistance systems (ADAS), effective controllers, and sensors to offer a convenient driving experience. Additionally, the integration of the Internet of Things (IoT), advanced micro devices (AMD), graphic processing units (GPU), cloud radio, and artificial intelligence (AI) is acting as another growth-inducing factor. Such technologies are extensively employed in workstations, storage data, and high-performance computing (HPC) to allow users to control high-speed data processing while supervising network traffic. Moreover, the extensive utilization of FPGA for manufacturing several next-generation devices, such as information appliances, home networking devices, set-top boxes, and digital flat panels, is contributing to the market growth. Other factors, such as escalating product uptake in the healthcare sector for diagnostic and treatment purposes and strategic collaborations amongst key players to improve product features, are creating a positive outlook for the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 19.7 Billion by 2028, growing at a CAGR of 8.8% during 2023-2028.

Market Summary:

  • On the basis of the architecture, the market has been segregated into SRAM, Anti-Fuse, and Flash-based FPGA.
  • Based on the configuration, the market has been classified low-, mid-, and high-range FPGA.
  • On the basis of the end use industry, the market has been categorized into IT and telecommunication, consumer electronics, automotive, industrial, military and aerospace, and others.
  • On a regional basis, the market has been segmented into North America (the United States, and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and Others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and Others), Latin America (Brazil, Mexico, and Others), and Middle East and Africa.
  • The competitive landscape of the industry has also been examined, with some of the key players being Achronix Semiconductor, Cypress Semiconductor Corporation (Infineon Technologies AG), Efinix Inc., EnSilica Limited, Flex Logix Technologies Inc., Gidel Inc., Intel Corporation, Lattice Semiconductor Corporation, Microsemi Corporation (Microchip Technology Inc.), Quicklogic Corporation, Taiwan Semiconductor Manufacturing Company and Xilinx Inc.

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Field Programmable Gate Array (FPGA) Market to Reach US$ 19.7 Billion by 2028, Propelled by Widespread Product Adoption Across Industries
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