Global Field Programmable Gate Array (FPGA) Market Size To Exceed USD 31.96 Billion By 2033 | CAGR of 10.54%
Category: Semiconductors & ElectronicsGlobal Field Programmable Gate Array (FPGA) Market Size To Exceed USD 31.96 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Field Programmable Gate Array (FPGA) Market Size Expected to Grow from USD 11.73 Billion in 2023 to USD 31.96 Billion by 2033, at a CAGR of 10.54% during the forecast period 2023-2033.
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Browse key industry insights spread across 256 pages with 111 Market data tables and figures & charts from the report on the "Global Field Programmable Gate Array (FPGA) Market Size, Share, and COVID-19 Impact Analysis, By Type (Low-end, Mid-range, and High-end), By Technology (SRAM, EEPROM, Antifuse, Flash, and Others), By Application (Consumer Electronics, Automotive, Industrial, Data Processing, Military & Aerospace, Telecom, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/field-programmable-gate-array-fpga-market
Digital integrated circuits that can be programmed and reprogrammed after they are manufactured are known as field programmable gate arrays or FPGAs. An extensive range of jobs, from basic logic operations to intricate digital signal processing and data processing applications, can be programmed into FPGAs due to their extremely modular nature. The growing demand from a variety of end-use sectors, including consumer electronics, telecoms, data processing centers, automotive, and aerospace & defense, is expected to propel the FPGA market's expansion over the forecast period. The increasing demand for sophisticated electrical systems in cutting-edge technologies like artificial intelligence, machine learning, and the Internet of Things (IoT) is driving the size of the global market for field programmable gate arrays. Furthermore, as FPGAs provide optimized hardware acceleration for compute-intensive tasks, the growing popularity of cloud computing and big data analytics is also driving up demand for these devices. However, the high cost of designing and producing FPGAs, for example, restricts their use in some price-sensitive applications and is one of the constraining factors affecting the market.
The low-end segment accounted for the largest share in 2023 and is projected to grow at a substantial CAGR during the forecast period.
On the basis of type, the global field programmable gate array (FPGA) market is divided into low-end, mid-range, and high-end. Among these, the low-end segment accounted for the largest share in 2023 and is projected to grow at a substantial CAGR during the forecast period. The growing use of FPGAs in high-volume applications including consumer electronics, automotive, and data center acceleration can be attributed to the trend towards lower-end FPGAs that are affordable and provide greater value for the money.
The SRAM segment accounted for the highest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
On the basis of technology, the global field programmable gate array (FPGA) market is divided into SRAM, EEPROM, antifuse, flash, and others. Among these, the SRAM segment accounted for the highest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. SRAMs are essential for enhancing the speed and effectiveness of FPGAs and helping to provide fast access times. FPGAs are used in many different industries, such as telecommunications, automotive, military, and aerospace. The versatility of SRAM has proven crucial in satisfying the diverse needs of these businesses.
The telecom segment accounted for the largest share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
On the basis of application, the global field programmable gate array (FPGA) market is divided into consumer electronics, automotive, industrial, data processing, military & aerospace, telecom, and others. Among these, the telecom segment accounted for the largest share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The market is driven by the growing need for bandwidth and high-speed data transfer in telecommunications, resulting in the need for sophisticated hardware solutions that can effectively manage tough processing jobs.
Asia Pacific is anticipated to hold the largest share of the global field programmable gate array (FPGA) market during the forecast period.
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Asia Pacific is anticipated to hold the largest share of the global field programmable gate array (FPGA) market during the forecast period. Growth in the region is ascribed to the rising demand in countries like China, Japan, India, and South Korea for cutting-edge technology like artificial intelligence (AI), machine learning, and the Internet of Things. These technologies make extensive use of FPGAs owing to their ability for high-speed computations, data processing, and algorithmic flexibility.
North America is expected to grow at the fastest CAGR in the global field programmable gate array (FPGA) market during the forecast period. The demand for high-performance and power-efficient FPGAs is fuelled by the growing use of IoT devices and artificial intelligence (AI) technologies in sectors including healthcare, finance, and transportation, which might be the main driver of regional growth. Advanced driver assistance systems (ADAS), which mostly rely on FPGAs for their processing capacity and flexibility, are also in high demand due to the region's growing trend of autonomous and electric automobiles.
Major vendors in the global field programmable gate array (FPGA) market are Xilinx, Inc., Intel Corporation, Broadcom, Qualcomm Technologies, Inc., NVIDIA Corporation, Lattice Semiconductor Corporation, AMD, Inc., Quicklogic Corporation, Achronix Semiconductor Corporation, Microchip Technology Inc., and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In March 2024, Intel's new standalone FPGA company, Altera, introduced several new products, including the Agilex 9 FPGAs for radar and military applications, and the Agilex 7 F-series and I-series for high-bandwidth data centers and networking.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global field programmable gate array (FPGA) market based on the below-mentioned segments:
Global Field Programmable Gate Array (FPGA) Market, By Type
- Low-end
- Mid-range
- High-end
Global Field Programmable Gate Array (FPGA) Market, By Technology
- SRAM
- EEPROM
- Antifuse
- Flash
- Others
Global Field Programmable Gate Array (FPGA) Market, By Application
- Consumer Electronics
- Automotive
- Industrial
- Data Processing
- Military & Aerospace
- Telecom
- Others
Global Field Programmable Gate Array (FPGA) Market, Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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