Field Programmable Gate Array Market: Size, Share, and Future Forecast 2033 || Intel Corporation, Achronix Semiconductor Corporation, Cypress Semiconductors Corporation

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company presents an extensive market research report on the Field Programmable Gate Array Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

The field programmable gate array market size has grown rapidly in recent years. It will grow from $8.29 billion in 2023 to $9.16 billion in 2024 at a compound annual growth rate (CAGR) of 10.5%. The growth in the historic period can be attributed to rising complexity of automotive systems, growing demand for safety systems, customization and flexibility, automotive industry growth, autonomous driving development, increased data processing requirements..

The field programmable gate array market size is expected to see rapid growth in the next few years. It will grow to $13.53 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to increasing demand for in-vehicle entertainment, cybersecurity requirements, high-performance computing needs, functional safety requirements, evolving automotive design paradigms, demand for energy-efficient solutions.. Major trends in the forecast period include acceleration of artificial intelligence (ai) workloads, 5g infrastructure deployment, emergence of fpga-as-a-service (faas, rise of smart cities and iot applications, increasing complexity of electronic systems, adoption of high-level synthesis (hls) tools..

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Key Market Players:

Major companies operating in the field programmable gate array market report are Intel Corporation, Achronix Semiconductor Corporation, Cypress Semiconductors Corporation, Teledyne e2v Limited, Lattice Semiconductor Corporation, Microsemi Corporation, QuickLogic Corporation, Texas Instruments Incorporated, Efinix Inc., Flex Logix Technologies Inc., Gowin Semiconductor Corp., S2C Inc., Silicone Blue Technologies, Taiwan Semiconductor Manufacturing Company Limited, Xilinx Inc., Microchip Technology Inc., Analog Devices Inc., Renesas Electronics Corporation, Tabula Inc., Terasic Technologies Inc., Toshiba Corporation, United Microelectronics Corporation, Vantis Corporation, Xylon d.o.o., Zilog Inc., Atmel Corporation, Actel Corporation, Faraday Technology Corporation, Anritsu Corporation, Xcerra Corporation

Market Drivers:

The rising deployment of data centers is expected to propel the growth of the field programmable gate array market. A data center is a repository where computing equipment facilities like servers, routers, switches, and firewalls are housed, as well as supporting components like backup equipment, fire suppression equipment, and air conditioning are housed. A field-programmable gate array is widely deployed in data centers for accelerating cloud services such as machine learning, storage, and networking. It is employed at both the infrastructure and application levels. For instance, according to the USITC, the United States International Trade Commission, in the year 2021, the number of data centers in the United States reached 2,600 and nearly 8,000 will be present worldwide. According to Grey, a global service provider, the global data center market is expected to grow by 2% from 2019 to 2025. Therefore, the rising deployment of data centers is expected to drive the growth of the field programmable gate array market.

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The field programmable gate array market covered in this report is segmented -

1) By Technology: EEPROM, Antifuse, SRAM, Flash, Other Technologies
2) By Configuration: High-end FPGA, Mid-end FPGA, Low-end FPGA
3) By Application: Data processing, Consumer Electronics, Industrial, Military and Aerospace, Automotive, Telecom, Other Applications

The report answers the following questions:
What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?

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