IMARC Group, a leading market research company, has recently releases report titled “Field Programmable Gate Array 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 market share, size, trends, and growth 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 Market?
The global field programmable gate array (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.
A field programmable gate array (FPGA) is an integrated circuit (IC) semiconductor device based around a matrix of configurable logic blocks (CLBs) and connected through programmable interconnects. It requires less development time and power than a microprocessor and exhibits low non-recurrent engineering (NRE) and flexibility. It also allows users to develop custom chips with a programmable logic element set in different configurations. Nowadays, new variants of FPGA devices are made with memory blocks, reprogrammable elements, processor cores, programmable input/output (I/O), and other hardened blocks that do not require programming.
What are the growth prospects and trends in the field programmable gate array industry?
The market is primarily driven by the extensive adoption of FPGA across various end-use industries across the globe. For instance, it is utilized in the aerospace industry for aircraft navigation, image processing, waveform generation, and partial reconfiguration. Apart from this, various technological advancements, such as the integration of artificial intelligence (AI) and the Internet of things (IoT), are creating a positive market outlook.
Additionally, the growing popularity of autonomous vehicles and the increasing reliance on advanced sensors and domain controllers equipped with artificial intelligence (AI) is also augmenting the market growth. Besides this, the rising product adoption in military equipment, such as radars, sensors, and electronic warfare systems for data processing, higher range, and electronic countermeasures, is providing a thrust to the market growth.
Furthermore, the increasing usage of FDGA in medical imaging equipment in the healthcare industry for diagnostic, monitoring, and therapy purposes, the rising prevalence of chronic diseases, and the growing awareness among individuals about the benefits of early diagnosis are escalating product demand across the globe.
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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
- Military and Aerospace
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.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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