Field Programmable Gate Array Market Analysis | 2023-2028

Market Insights

The field programmable gate array (FPGA) market was estimated at USD 6.9 billion in 2022 and is likely to grow at a CAGR of 12.02% during 2023-2028 to reach USD 13.6 billion in 2028.

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Market Dynamics

Introduction

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

FPGAs are designed to perform multiple tasks in parallel, enhancing their computational capacity, and often consuming less power than traditional processors. The preference for FPGA architecture is on the rise due to its capabilities, such as low power consumption and high compute density.

• The demand for efficient data flow in various applications demands FPGA architecture since they excel in scenarios that require rapid data handling and processing making them suitable for applications that rely on continuous data streaming. Edge computing specialist Sundance DSP is preparing to launch a compact, yet powerful FPGA device – the TinyBeast FPGA, based on Microchip's PolarFire platform that provides ideal real-time performance in industrial applications that require efficient data handling, resulting in faster computing. Its compact package serves as a perfect fit for space-constrained environments.
• FPGAs enable cloud service providers to optimize hardware for specific workloads including real-time data processing, hence several cloud service providers deploy FPGAs to enhance their service-oriented tasks. Amazon. Microsoft, IBM, etc. are a few cloud service providers that use FPGAs for customer hardware accelerations. In March 2024, Intel launched Altera, its new standalone FPGA company to provide flexible solutions to address changing market demands, like seamlessly integrating critical AI inferencing capabilities, and to better intercept evolving standards, like PCI Express, CXL, Ethernet, and 6G wireless. Atera’s expanded portfolio and roadmap better address the growth in the target FPGA markets across cloud, network, and edge.

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Key Players

The following are the key players in the field programmable gate array (FPGA) market?:

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

Note: The above list does not necessarily include all the top players in the market.

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Segment Analysis

By Technology Type

"SRAM (Static Random-Access Memory) segment held the largest share of the market in 2022"

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

"Telecom segment held the largest share of the market in 2022"

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 networks.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.

Regional Analysis

"Asia-Pacific is estimated to be the largest market during the forecast period"

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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Research Methodology

• This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s field programmable gate array (FPGA) market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• 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 market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

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

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market 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 field programmable gate array (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 the Rest of Europe)
• Asia-Pacific (Country Analysis: China, India, Australia, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)

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Customization Options

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.