Field Programmable Gate Array (FPGA) Market Size Worth $28.81 Billion By 2032 | CAGR: 10.5%

The global field programmable gate array market size is expected to reach USD 28.81 Billion by 2032, according to a new study by Polaris Market Research. The report “Field Programmable Gate Array (FPGA) Market Share, Size, Trends, Industry Analysis Report, By Type (Low-end, Mid-range, High-end); By Technology; By Application; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The global FPGA market is projected to grow over the forecast period due to the growing demand from various end-use industries such as data processing centers, telecoms, aerospace & defense, automotive, and consumer electronics. The need for advanced electronic systems in emerging technologies such as machine learning, artificial intelligence, and the Internet of Things (IoT) is driving the global market for FPGA. Also, the growing adoption of cloud computing and data analytics is propelling the demand for FPGAs as they offer optimized hardware acceleration. The demand for FPGAs is expected to increase with the development of next-generation wireless communication standards such as 5G and Wi-Fi 6. This is because FPGAs offer the high-speed processing capabilities required for these standards.

Although the market for FPGAs is growing, there are still some obstacles that hinder this growth. For instance, the cost of designing and manufacturing FPGAs is high, and this makes it difficult for them to be used in applications where price is a major concern. Additionally, programming and configuring FPGAs is a complex process that requires specialized knowledge, which can lead to longer design cycles and high development costs.

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The growing need for high-performance computing is significantly driving the growth of the FPGA market. The progress of technology has led to industries such as machine learning, artificial intelligence, and data center processing requiring more powerful computing capabilities. Currently, the global market is dominated by a few key players, namely Intel, Xilinx, and Microsemi. These companies have consistently prioritized product innovation and expanded their product portfolios to augment their respective market shares. The players above have been successful in capturing a substantial share of the market by catering to the demands of the industries.

Field Programmable Gate Array (FPGA) Market Report Highlights

• The global market for FPGAs witnessed a significant revenue contribution from the low-end segment in 2023. This growth can be attributed to the increasing adoption of FPGAs in high-volume applications, including data center acceleration, automotive, and consumer electronics.
• The flash-based technology is poised to witness a lucrative CAGR over the forecast period because it offers higher density and faster performance compared to their traditional static random-access memory (SRAM)-based counterparts.
• The telecom application segment is anticipated to exert a dominant influence on the global market by 2023, primarily due to the escalating demand for high-speed data transfer and bandwidth in telecommunications.
• The Asia Pacific region has emerged as the leading market for FPGAs in 2023 due to the increasing demand for cutting-edge technologies such as artificial intelligence (AI), machine learning, and the Internet of Things (IoT) in countries such as China, India, Japan, and South Korea.
• The global key market players include Achronix Semiconductor Corporation, Altera, AMD, Inc., Broadcom, Efinix, Inc., Infineon Technologies, Intel Corporation, Lattice Semiconductor Corporation, Menta, Microchip Technology Inc., Microsemi Corporation, NVIDIA Corporation, Qualcomm Technologies, Inc., Quicklogic Corporation, etc.

Polaris Market Research has segmented the field programmable gate array market report based on type, technology, application, and region:

Field Programmable Gate Array (FPGA), Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Low-end
• Mid-range
• High-end

Field Programmable Gate Array (FPGA), Technology Outlook (Revenue - USD Billion, 2019 - 2032)

• Antifuse
• EEPROM
• Flash
• SRAM
• Others

Field Programmable Gate Array (FPGA), Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Automotive
• Consumer Electronics
• Data Processing
• Industrial
• Military & Aerospace
• Telecom
• Others

Field Programmable Gate Array (FPGA), Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Field Programmable Gate Array Market Report Scope