The FPGA market size is projected to reach US$ 27.63 billion by 2031 from US$ 9.76 billion in 2023. The market is expected to register a CAGR of 13.9% in 2023–2031. The growing adoption of FPGA in electric vehicles and the growth in the telecommunication industry are likely to remain key to FPGA market trends.
FPGA Market Analysis
The demand for semiconductors has experienced a surge in recent years, owing to factors such as the growing digitalization, rising adoption of 5G technology, and growing industrialization. The inclination towards the growing demand for FPGA architecture is due to FPGA capabilities, such as low power consumption and high compute density. The surge in demand for efficient data flow and streaming data processing for various applications bolsters the FPGA market.
The growth in the telecommunication sector will generate the demand for FPGA. FPGA is the most versatile processor and can be fit into hardware to process applications such as edge networking and other low latency applications. In addition, using FPGA also helps lower the power consumption and latency of the devices.
FPGA Market Overview
Field Programmable Gate Arrays (FPGAs) are integrated circuits that can reconfigure the hardware to meet some specific use case requirements after the manufacturing process. It consists of an array of programmable logic blocks and interconnects that can be configured to perform various digital functions. The FPGA market has witnessed significant growth in recent years, driven by technological advancements, rising connectivity, and the increasing demand for semiconductors.
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FPGA Market: Strategic Insights
FPGA Market
-
Market Size 2023
US$ 9.76 Billion
-
Market Size 2031
US$ 27.63 Billion
Market Dynamics
GROWTH DRIVERS
- Rise in the production of electric vehicles
FUTURE TRENDS
- Growth in the telecommunication industry
OPPORTUNITIES
- The advent of technologies such as artificial intelligence (AI), machine learning (ML), and big data analytics
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Configuration
- Low-end FPGA
- Mid-range FPGA
- High-end FPGA
Technology
- SRAM-based FPGA
- Flash-based FPGA
- Antifuse-based FPGA
End User Industry
- IT and Telecommunication
- Aerospace and Defence
- Industrial
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FPGA Market: Strategic Insights
-
Market Size 2023
US$ 9.76 Billion -
Market Size 2031
US$ 27.63 Billion
Market Dynamics
- Rise in the production of electric vehicles
- Growth in the telecommunication industry
- The advent of technologies such as artificial intelligence (AI), machine learning (ML), and big data analytics
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
- Low-end FPGA
- Mid-range FPGA
- High-end FPGA
- SRAM-based FPGA
- Flash-based FPGA
- Antifuse-based FPGA
- IT and Telecommunication
- Aerospace and Defence
- Industrial
- Get Top Key Market Trends of this report.This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
FPGA Market Drivers and Opportunities
Rise in the production of electric vehicles
As a step towards sustainability and to reduce carbon footprint, the governments of various countries are emphasizing the production of electric vehicles. For instance, in September 2022, the US government announced its plan to boost the manufacturing of electric vehicles. By 2031, the country is expected to record 50% of the total electric vehicle sales share. The UAE government plans to launch 42,000 electric cars, which will be on the roads by 2031.
In electric vehicles, FPGAs can be used for fine-tuned motor control, power conversion, battery management systems, and inverters due to their support for high-performance PWM (pulse width modulation), which further helps to maximize power and efficiency to extend the range of the vehicle. Thus, the rising production of electric vehicles fosters the FPGA market.
Growth in the telecommunication industry
The growing investments and advancements in telecommunication infrastructure across developed and developing countries are fostering the growth of the global telecom industry. The telecommunication sector is experiencing a paradigm shift owing to the constantly changing technology landscape and growing penetration of smartphones and connected devices worldwide. The growing penetration of LTE networks coupled with increasing 5G deployments are some of the key factors that are fueling the growth of the telecommunications industry. Technologies such as IoT, AI, and edge computing are further contributing to the changing customer demands & preferences; these technologies are offering great opportunities and challenges for telecommunication companies.
In addition, the operational needs of telecommunication equipment/hardware and demand for secure communications are rising at a fast pace owing to the complex operations of the telecom industry and rising customer demands. The advantages offered by FPGAs, such as easy reconfigurability, low latency operations, flexibility, and efficient hardware acceleration, are expected to drive the growth of FPGAs in the growing telecommunication sector in the forecasted period.
FPGA Market Report Segmentation Analysis
Key segments that contributed to the derivation of the FPGA market analysis are configuration, technology, and end user industry.
- By configuration, the market is segmented into low-end FPGA, mid-range FPGA, and high-end FPGA. The high-end FPGA segment is expected to grow with the highest CAGR.
- Based on the technology, the market is segmented into SRAM-based FPGA, flash-based FPGA, and antifuse-based FPGA. The SRAM-based FPGA segment held the largest market share in 2023.
- By end user industry, the market is segmented into IT and telecommunication, aerospace and defence, industrial, and others. The others segment held the largest market share in 2023.
FPGA Market Share Analysis by Geography
The geographic scope of the FPGA market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
Asia Pacific region is expected to grow with the highest CAGR. The region has one of the robust semiconductors which major countries such as China, India, Taiwan, and Japan. Under government initiatives such as ‘Make In India’ and ‘Made in China 2031’, the government plans to increase its domestic semiconductor production, which fuels the FPGA market in the region.
FPGA Market Market Report Scope
Report Attribute
Details
Market size in 2023
US$ 9.76 Billion
Market Size by 2031
US$ 27.63 Billion
Global CAGR (2023 - 2031)
13.9%
Historical Data
2021-2022
Forecast period
2024-2031
Segments Covered
By Configuration - Low-end FPGA
- Mid-range FPGA
- High-end FPGA
By Technology - SRAM-based FPGA
- Flash-based FPGA
- Antifuse-based FPGA
By End User Industry - IT and Telecommunication
- Aerospace and Defence
- Industrial
Regions and Countries Covered
North America - US
- Canada
- Mexico
Europe - UK
- Germany
- France
- Russia
- Italy
- Rest of Europe
Asia-Pacific - China
- India
- Japan
- Australia
- Rest of Asia-Pacific
South and Central America - Brazil
- Argentina
- Rest of South and Central America
Middle East and Africa - South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
Market leaders and key company profiles
Advanced Micro Devices, Inc. Intel Corporation Microchip Technology Inc. Lattice Semiconductor Achronix Semiconductor Corporation QuickLogic Efinix Inc. Flex Logix LeafLabs Napatec
FPGA Market Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 9.76 Billion |
Market Size by 2031 | US$ 27.63 Billion |
Global CAGR (2023 - 2031) | 13.9% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Configuration
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
FPGA Market News and Recent Developments
The FPGA Marketis evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:
- In May 2023, Intel’s Programmable Solutions Group launched Intel Agilex 7 with the R-Tile chiplet is shipping production-qualified devices in volume for their customers with the first FPGA with PCIe 5.0 and CXL capabilities and the only FPGA with hard intellectual property (IP) supporting these interfaces. The product was launched to deliver leading technology capabilities with 2 times faster PCIe 5.0 bandwidth as well as 4 times higher CXL bandwidth per port when compared to other competitive FPGA products. In September 2023, Intel expanded its Intel Agilex® FPGA portfolio and broadened its Programmable Solutions Group (PSG) offerings to handle the increased demand for customized workloads, including enhanced AI capabilities, and to provide lower total cost of ownership (TCO) and more complete solutions. (Source: Intel, Press Release, 2023)
FPGA Market Report Coverage and Deliverables
The “FPGA Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The global FPGA market is expected to reach US$ 27.63 billion by 2031.
The incremental growth expected to be recorded for the global FPGA market during the forecast period is US$ 17.87 billion.
The key players holding majority shares in the global FPGA market are Advanced Micro Devices, Inc.; Intel Corporation; Microchip Technology Inc.; Lattice Semiconductor; and Achronix Semiconductor Corporation.
The global FPGA market was estimated to be US$ 9.76 billion in 2023 and is expected to grow at a CAGR of 13.9% during the forecast period 2023 - 2031.
The growing adoption of digital technologies by the construction sector and the government mandating the use of building information modeling are the major factors that propel the global FPGA market.
The advent of technologies such as artificial intelligence (AI), machine learning (ML), and big data analytics is anticipated to play a significant role in the global FPGA market in the coming years.