IMARC Group, a leading market research company, has recently releases report titled “Field Programmable Gate Array (FPGA) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global field programmable gate array (FPGA) market share, size, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How Big is the Field Programmable Gate Array (FPGA) Market?

The global FPGA market size reached US$ 11.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 19.7 Billion by 2028, exhibiting a growth rate (CAGR) of 8.8% during 2023-2028.

What is Field Programmable Gate Array (FPGA)?

Field programmable gate array (FPGA) refers to a reconfigurable integrated circuit (IC) built around a matrix of configurable logic blocks (CLBs) linked through programmable interconnects. It is flexible and efficient and offers a low-cost platform for testing multiple design options. It also needs less power, incurs low non-recurrent engineering (NRE) costs, and requires less development time as compared to a microprocessor. As a result, FPGA is employed in telecommunication, consumer electronics, automotive, industrial, military, and aerospace industries across the globe.

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What are the growth prospects and trends in the field programmable gate array (FPGA) industry?

At present, the growing complexity of AI algorithms and the internet of things (IoT) are catalyzing the demand for FPGAs on account of their high flexibility, continuous and parallel computing, improved performance, and low power consumption. This represents one of the primary factors positively influencing the market across the globe.

In addition, the widespread adoption of FPGAs as a power-efficient solution in numerous high-performance computing applications, such as data centers and supercomputers, wherein they are utilized to implement custom hardware accelerators to speed up specific tasks, is creating a favorable market outlook. Apart from this, the escalating demand for wireless devices and the implementation of FPGAs in wireless radio applications are fueling the market growth.

Furthermore, inflating disposable incomes and the increasing adoption of autonomous vehicles equipped with FPGAs, such as driver assistance systems, in-vehicle infotainment, advanced sensors, and domain controllers, are stimulating the growth of the market around the world.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Architecture:

• SRAM-Based FPGA
• Anti-Fuse Based FPGA
• Flash-Based FPGA

Breakup by Configuration:

• Low-range FPGA
• Mid-range FPGA
• High-range FPGA

Breakup by End Use Industry:

• IT and Telecommunication
• Consumer Electronics
• Automotive
• Industrial
• Military and Aerospace
• Others

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

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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