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  • Field Programmable Gate Array Market Analysis | 2023-2028

    Field Programmable Gate Array Market Analysis | 2023-2028

    Field Programmable Gate Array Market Analysis | 2023-2028
    Report code - SR2966 Delivery - 2 Weeks
    Field Programmable Gate Array (FPGA) Market Size, Share, Trends, Growth, and Forecast Anal See more...

    "The 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".

    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.

    Field Programmable Gate Array Market Report Overview

    Market Size in 2022

    US$ 6.9 Billion

    Market Size in 2028

    US$ 13.6 Billion

    Market Growth by 2023-2028

    CAGR of 12.02%

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

     

    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 2024Intel 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

    Key Players

    The following are the key players in the Field Programmable Gate Array Market (arranged alphabetically)

    • 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.

    Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

    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.

    Report Features

    This report provides market intelligence most totally. 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.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth analysis of the Field Programmable Gate Array Market

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    What are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    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 with industry experts to obtain both qualitative and quantitative insights.

    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.

    Frequently Asked Questions (FAQs)

    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.

    The field programmable gate array market is expected to reach USD 13.6 billion by 2028 from USD 6.9 billion in 2022.

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

    The market is expected to grow at a CAGR of 12.02% during the forecast period.