RoboInd market brief: Field Programmable Gate Array (FPGA) Market is estimated at USD 10.5 billion in 2022. The report cites a CAGR of 10.8% over 2023–2030.
Market snapshot
- USD 10.5 billion in 2022
- USD 11.38 billion in 2023
- USD 23.34 billion in 2030
Stated compound annual growth rate: 10.8% (2023–2030).
Market overview
The global field programmable gate array market size was estimated at USD 10.5 billion in 2022 and is projected to reach USD 23.34 billion by 2030, growing at a CAGR of 10.8% from 2023 to 2030. The growing trend for the adoption of field programmable gate array in areas of deep packet inspection, network processing, and security is anticipated to drive their demand over the forecast period.
Market drivers and constraints
- Public report growth driver 1: The preference for FPGA architecture is on the rise due to its capabilities, such as low power consumption and high compute density. This trend is driven by the increasing demand for efficient data flow and streaming data processing in various applications. For instance, in February 2022, QuickLogic Corporation launched PolarPro 3 to solve the problem of low power FPGA shortages. The product is developed to consume ultra-low power consumption and is ideal for…
- Public report growth driver 2: Additionally, the rising implementation of FPGAs as an Infrastructure-as-a-Service (IaaS) resource to cloud customers is driving the market growth. Several cloud service providers are deploying field programming gate arrays to enhance their service-oriented tasks such as high-frequency trading, webpage ranking, memory caching, deep learning, network encryption, and video conversion. For instance, Amazon.com, Inc. uses field programmable gate arrays coprocessor in…
- Public report growth driver 3: The field programmable gate arrays technology is witnessing a notable trend of continuous evolution, driven by factors such as low turnaround time, cost-effectiveness, and lower power consumption compared to application specific integrated circuits (ASICs). FPGAs are gaining popularity due to their inherent flexibility, allowing for post-implementation reconfiguration of circuits. This trend is expected to have a substantial impact in the coming years, as…
- Public report growth driver 4: Moreover, the automotive industry has emerged as a significant driver for stimulating the market demand. Advanced driver assistance system (ADAS) designers prefer FPGAs for vision processing applications that require high-level processing and fine-grained parallelism. Key manufacturers are continuously upgrading their product portfolio to align with the evolving requirements of the automotive industry. For instance, in May 2023, AMD, Inc. launched XA AU10P and XA…
Applications and segments
- Public report segmentation list
- Middle East & Africa (MEA)
Competitive landscape
Public report coverage names Qualcomm Technologies, Inc, Lattice Semiconductor Corporation, Achronix Semiconductor Corporation, Microchip Technology Inc. The list reflects participants identified by the source and is not a ranking.
Reading the figures: Values follow the market definition and forecast period stated in the source report. Estimates using different scopes should not be combined without normalization.