Field Programmable Gate Array Market - 2026: Global Opportunity Analysis and Industry Forecast

FPGA is flexible, involves reduced development time, and requires low on non-recurrent engineering (NRE) cost. These factors boost the market growth. There is a great potential for reduction of cost and development of security level using the field programmable gate array, which is expected to provide lucrative opportunity to the market. However, these arrays are slower than application specific integrated circuits (ASIC) or other equivalent ICs as well as expensive. The design process is complex, which limits the market growth.

The global field programmable gate array market was valued at $4,630 million in 2016, and is projected to reach at $8,046 million by 2023, growing at a CAGR of 7.9% from 2017 to 2023.

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Asia-Pacific dominates this market presently, followed by North America. In 2016, China dominated the market in Asia-Pacific; similarly, the Rest of Europe excluding UK, Germany, France, and Russia led the overall market in the European region. The U.S. is dominating the market in North America presently.

In 2016, the high end FPGA segment dominates the global field programmable gate array (FPGA) in type segment, in terms of revenue. However, based on technology, SRAM leads the global market followed, by antifuse in 2016.

Telecom leads the FPGA market by application in 2016. However, passenger vehicle is anticipated to depict highest CAGR throughout the forecast period.

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The key players profiled in the report include Achronix Semiconductor Corporation, Cobham PLC, Intel Corporation, Taiwan Semiconductor Manufacturing Company Limited (TSMC), United Microelectronics Corporation (UMC), Cypress Semiconductors Corporation, Lattice Semiconductor, Microsemi Corporation, QuickLogic Corporation, and Xilinx Inc.

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