The latest research study “Field Programmable Gate Array Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global field programmable gate array (FPGA) market reached a value of US$ 10.28 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 18.3 Billion by 2027 exhibiting a CAGR of 9.30% during 2022-2027.
Field programmable gate arrays (FPGAs) are semiconductor devices built around a matrix of configurable logic blocks (CLBs) linked via programmable interconnects. They are digital integrated circuits that can be programmed in the field after manufacturing, making them more flexible than application-specific integrated circuits (ASIC). FPGAs consist of memory blocks, programmable input/output, reprogrammable elements, processor core, and hardened blocks. FPGAs offer advantages, such as the ability to be programmed and re-programmed in case of upgradation, which reduces the cost of buying a new machine with the change in the process. It also allows users to customize chips with programmable logic elements arranged in different configurations.
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Field Programmable Gate Array Market Trends and Drivers:
The field programmable gate array market is primarily driven by the significant growth of the aerospace industry, which makes use of FPGA devices in aircraft navigation, image processing, partial reconfiguration, and waveform generation.
In addition to this, the FPGAs find application in security, network processing, and deep packet inspection due to their high compute density and low power consumption. Besides this, the rising demand for an autonomous driving experience that relies on advanced sensors and domain controllers equipped with AI is escalating the demand for FPGAs.
Furthermore, technological advancements, such as the integration of FPGA with medical imaging equipment for diagnostics, monitoring, and therapy, are anticipated to fuel market growth in the upcoming years.
|Field Programmable Gate Array Market Report Scope|
|Market size value in 2021||US$ 10.28 Billion|
|Market forecast in 2027||US$ 18.3 Billion|
|Growth Rate||CAGR of 9.30% from 2022 to 2027|
|Base year for estimation||2021|
Global Field Programmable Gate Array Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Achronix Semiconductor, Cypress Semiconductor Corporation (Infineon Technologies AG), Efinix Inc., EnSilica Limited, Flex Logix Technologies Inc., Gidel Inc., Intel Corporation, Lattice Semiconductor Corporation, Microsemi Corporation (Microchip Technology Inc.), Quicklogic Corporation, Taiwan Semiconductor Manufacturing Company and Xilinx Inc.
The report has segmented the market on the basis of region, architecture, configuration and end use industry.
Breakup by Architecture:
- SRAM-Based FPGA
- Anti-Fuse Based FPGA
- Flash-Based FPGA
Breakup by Configuration:
- Low-range FPGA
- Mid-range FPGA
- High-range FPGA
Market Breakup by End Use Industry:
- IT and Telecommunication
- Consumer Electronics
- Military and Aerospace
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.