Global Field Programmable Gate Array Market Value is expected to be Worth US$14.16 billion in 2028
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The global field programmable gate array (FPGA) market was valued at US$7.87 billion in 2022 and is expected to be worth US$14.16 billion in 2028. FPGAs are solid-state devices made up of a collection of programmable logic blocks (CLBs) connected by programmable connections. A field-programmable gate array (FPGA) is an integrated circuit that can be programmed after it has been manufactured. The most significant advantage of this chip is that it can be upgraded and reprogrammed as needed. This means that users can tailor tours to their specific needs. The demand of FPGA is projected to be driven by the rising demand for these devices in numerous applications, including infotainment systems, speech recognition, and machine vision systems.
The increasing demand for high-performance computing and data processing is one of the key drivers of the FPGA market. FPGAs are ideal for use in data centers where high-speed processing is required because they can be programmed to perform specific tasks or algorithms. FPGAs can also be used in artificial intelligence (AI) and machine learning (ML) applications, which are growing rapidly. The market is expected to grow at a CAGR of 10.28% over the projected period of 2023-2028.
The key players in the global field programmable gate array (FPGA) market are:
Lattice Semiconductor Corporation
AMD (Xilinx, Inc.)
Microchip Technology Inc.
Achronix Semiconductor Corporation
Flex Logix Technologies, Inc.
Shanghai Anlogic Technology Co., Ltd.
Suppliers are adopting the fabless strategy, which allows them to gain access to fabrication facilities without incurring significant capital investment. Fabless firms can outsource FPGA production and devote their time, resources, and efforts to developing new ideas, conducting research, and improving their marketing tactics in order to increase their sales.
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The market for FPGAs is driven by the increasing demand for high-performance computing and the growing adoption of artificial intelligence (AI) and machine learning (ML) technologies. The rise of 5G networks and the Internet of Things (IoT) is also driving the demand for FPGAs.
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