Field Programmable Gate Array Market Forecast | 2023-2028

Market Insights

The Global Field Programmable Gate Array Market is expected to reach USD 13.6 billion by 2028 from USD 6.9 billion in 2022 at a CAGR of 12.02% during the forecast period of 2023-2028.

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What is a field programmable gate array?

A field programmable gate array (FPGA) is a semiconductor device or a programmable integrated circuit (IC), which can be reprogrammed according to preferred functionality or application requirements such as Application Specific Integrated Circuits (ASICs) which remain function specific.

FPGAs offer a host of advantages such as rapid prototyping, easy debugging, low cost, and lower danger of product obliteration.

Market Drivers

The prime factors that are contributing to the growth of the global market are-

• Increasing demand for advanced driver-assistance systems (ADAS), along with the growth of IoT, and faster time-to-market of FPGA than ASIC is the prime factor contributing to the demand for field programmable gate arrays.
• Growing demand for extensive computation including the increasing application of FPGAs for cloud computing and data processing in data centers is also one of the key growth factors.
• The rise in the demand for optimization in Big Data analytics is also one of the key drivers for the market, leading search engines, such as Google, and firms, such as Amazon and Walmart, which stem consumer insights based on Big Data analytics, are increasing their dependence on FPGAs.
• The increase in demand for smartphones and the implementation of FPGA in mainstream embedded computing to build complex mission-critical systems are also creating heavy opportunities in the market.

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Key Players

Some of the major players in the global FPGA market are-

• Cobham Limited
• Intel Corporation
• Xilinx, Inc.
• Microchip Technology Inc.
• Cypress Semiconductor Corporation
• Lattice Semiconductor Corporation
• Achronix Semiconductor Corporation
• Quick Logic Corporation
• Taiwan Semiconductor Manufacturing Company, Limited
• Texas Instruments Inc.

Segments Analysis

By Technology Type

The market into segmented as SRAM, EEPROM, anti-fuse, flash, and others. 

The SRAM (Static Random-Access Memory) segment held the largest share of the market in 2022. The dominance of the segment is mainly because it offers better flexibility, re-programmability, high integration, and high performance for various applications.

SRAM-based field programmable gate arrays are widely adopted for aerospace & defense, telecom and wireless communication systems, and consumer goods applications which are contributing a healthy growth in the market.

By Application Type

The market is segmented into consumer electronics, automotive, industrial, data processing, aerospace & defense, telecom, and others. 

The telecom segment held the largest share of the market in 2022. The dominance of the segment is mainly due to the vast usage of field programmable gate arrays in wireless communication and telecommunication applications for applications such as data packet switching, packet processing, and optical transport network.

The advent of the 5G network is likely to drive the growth of the segment as it offers reconfigurability, flexible hardware accelerators, high-speed switching, and low latency operation at low costs.

By Region

Asia-Pacific is estimated to be the largest market during the forecast period, with China, India, and Japan being the countries with lucrative growth opportunities.

The growth of the region’s market is mainly driven by the presence of major semiconductor foundries such as Taiwan Semiconductor Manufacturing Company, Limited (TSMC), United Microelectronics Corporation (UMC), and Samsung Foundries in the region.

The dependency of various industries on data centers and cloud-based computing technology is also contributing to the growth of the region’s market. The initiatives undertaken by countries to deploy 5G networking services in the region are a key growth factor for the market.

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Segmentation

This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The global FPGA market is segmented into the following categories. 

By Technology Type

• SRAM
• EEPROM
• Antifuse
• Flash
• Others

By Configuration Type

• Low-end
• Mid-range
• High-end

By Node Size Type

• Less Than 28 nm
• 28–90 nm
• More Than 90 nm

By Application Type

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

By Memory Type

• Distributed Memory
• Block Memory

By Region

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

The following are the key features of the report:

• Overview, industry life cycle analysis, supply chain analysis.
• Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Trends and forecast analysis.
• Segment trends and forecast.
• Competitive landscape and dynamics: Market share, product portfolio, Technology launches, etc.
• Attractive segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. 

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. 

We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Target Audience

The following is a list of the customers that the market aims to convert the most:

• Manufacturers
• Suppliers
• Distributors
• Organizations
• Government bodies

Critical Questions Answered in the Report

• What are the key trends in the market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

Customization Option

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: 

Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.