FPGA Market Projected to reach 9.50 Billion USD by 2023 | Key players include Xilinx, Intel, Lattice Semiconductor, Microsemi, QuickLogic and TSMC

According to the new market research report "FPGA Market by Technology (SRAM, Antifuse, Flash), Node Size (Less than 28 nm, 28-90 nm, More than 90 nm), Configuration (High-End FPGA, Mid-Range FPGA, Low-End FPGA), Vertical (Telecommunications, Automotive), and Geography - Global Forecast to 2023", the FPGA market was valued at USD 5.83 Billion in 2017 and is expected to reach USD 9.50 Billion by 2023, at a CAGR of 8.5% between 2017 and 2023. The FPGA market is driven by factors such as the growth of IoT, growing adoption of FPGAs by various industries, growing demand for advanced driver-assistance systems (ADAS), and reduction in time-to-market.

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Low-end FPGA expected to hold the largest size of the market, on the basis device, during the forecast period

The low-end FPGA is anticipated to hold the largest share in the FPGA market. The low-end FPGAs benefit the users in terms of size, performance, low-power requirements, and the number of advanced functions that they provide. Owing to its low cost, the customers prefer using these devices instead of application-specific integrated circuits (ASICs), standard-cell application-specific standard products (ASSPs), or implementations that combine discrete functions on printed-circuit boards (PCBs). These types of FPGAs are designed for low-power consumption as well as low logic density and complexity per chip. Some of the low-end FPGAs are Cyclone family from Altera, Spartan family from Xilinx, fusion family from Microsemi, and the Mach XO/ICE40 from Lattice Semiconductor.

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Telecommunications expected to hold the largest size of the market, on the basis of vertical, by 2023

Telecommunications contribute significantly to the economy of most of the countries and includes both wired and wireless communications; 3G, 4G LTE, and 5G services are widely adopted across the world, mostly in North America and APAC. Moreover, the number of internet users has increased even in the rural areas. These advancements have increased the number of network infrastructure providers and mobile network operators. These operators require more bandwidth and higher speed of data or download speed to fulfill the needs of customers. Advanced FPGAs are able to meet these demands.

Market for less than 28 nm node size expected to grow at the highest CAGR between 2017 and 2023

The node size of 28 nm and less provides features such as adaptive logic modules, transceivers, design security, and remote system upgrades. Among these node sizes, the 28 nm process provides the additional feature of partial reconfiguration. The latest process node of 14 nm has more advanced features than other process nodes and it supports high-level applications.

Market in APAC anticipated to grow at the highest CAGR between 2017 and 2023

APAC is one of the largest manufacturing hubs in the world for the automobiles, and the growing integration of FPGAs in automobile applications is likely to boost the FPGA market in this region. This market is expected to grow at the highest pace during the forecast period. The telecommunication industry is rapidly growing in APAC. Furthermore, Australia, South Korea, and Japan play a significant role in the LTE market and have the maximum 4G LTE penetration rate. This has led to an increased demand for FPGAs in the telecommunication sector in APAC.

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Some of the major players in the market include Xilinx (US), Intel (US), Lattice Semiconductor (US), Microsemi (US), QuickLogic (US), TSMC (Taiwan), Microchip (US), United Microelectronics (Taiwan), GLOBALFOUNDRIES (US), Achronix (US), and S2C Inc. (US).

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