Global Field Programmable Gate Array market report 2024, Forecast To 2033
4 Mar, 2024
The field programmable gate array market has seen rapid growth, rising from$8.29 billion in 2023 to$9.16 billion in 2024, with a compound annual growth rate (CAGR) of 10.5%. Historical drivers include the complexity of automotive systems, demand for safety systems, customization, automotive industry growth, autonomous driving, and increased data processing needs. Anticipated rapid growth in the next years will drive the market to$13.53 billion by 2028, fueled by in-vehicle entertainment demand, cybersecurity needs, high-performance computing, functional safety, evolving automotive designs, and energy-efficient solutions. Major trends in the forecast period include AI workload acceleration, 5G infrastructure, FPGA-as-a-Service (FaaS), smart cities, IoT, electronic system complexity, and high-level synthesis (HLS) tools.
Global Field Programmable Gate Array Market Key Driver
The increasing deployment of data centers is poised to drive the growth of the field programmable gate array (FPGA) market. Data centers serve as repositories for computing equipment and supporting components. FPGAs find extensive application in data centers, accelerating cloud services such as machine learning, storage, and networking. According to the United States International Trade Commission, the number of data centers in the United States reached 2,600 in 2021, with a projected global market growth of 2% from 2019 to 2025. The rising deployment of data centers fuels the demand for FPGAs, with projected market sizes of $X in 2023, and anticipated growth in 2024 and 2028.
Get A Free Sample Of The Global Field Programmable Gate Array Market ReportGlobal Field Programmable Gate Array Market Segments
The global field programmable gate array market covered in this report is segmented –
1) By Technology: EEPROM, Antifuse, SRAM, Flash, Other Technologies
2) By Configuration: High-end FPGA, Mid-end FPGA, Low-end FPGA
3) By Application: Data processing, Consumer Electronics, Industrial, Military and Aerospace, Automotive, Telecom, Other Applications
By Geography: The regions covered in the field programmable gate array market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North America was the largest region in the field programmable gate array market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the field programmable gate array market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Field Programmable Gate Array Industry Players
Intel Corporation, Achronix Semiconductor Corporation, Cypress Semiconductors Corporation, Teledyne e2v Limited, Lattice Semiconductor Corporation, Microsemi Corporation, QuickLogic Corporation, Texas Instruments Incorporated, Efinix Inc., Flex Logix Technologies Inc., Gowin Semiconductor Corp., S2C Inc., Silicone Blue Technologies, Taiwan Semiconductor Manufacturing Company Limited, Xilinx Inc., Microchip Technology Inc., Analog Devices Inc., Renesas Electronics Corporation, Tabula Inc., Terasic Technologies Inc., Toshiba Corporation, United Microelectronics Corporation, Vantis Corporation, Xylon d.o.o., Zilog Inc., Atmel Corporation, Actel Corporation, Faraday Technology Corporation, Anritsu Corporation, Xcerra Corporation
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Field Programmable Gate Array Market Overview
A field programmable gate array refers to hardware units that are dynamically programmed to get required logical functions. FPGAs allow for logic-level programming. As a result, it can analyze signals more quickly and in parallel. The field-programmable gate array is used for prototyping application-specific integrated circuits (ASICs) or processors.
Field Programmable Gate Array Global Market Report 2023 provides data on the global field programmable gate array market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The field programmable gate array market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.