Field Programmable Gate Array Market Overview and Growth Strategies 2024-2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Field Programmable Gate Array Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $9.66 billion In 2028 At A CAGR Of 26.3% :

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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Field Programmable Gate Array Market Major Segments
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

Key Driver - Data Center Expansion Fuels Surge In Field Programmable Gate Array Market

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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Prominent Trend - Rising Significance Of Sram Memory Technology

Innovative SRAM memory technology is a key trend gaining popularity in the field-programmable gate array market. Major companies operating in the field-programmable gate array market are focused on developing SRAM memory technology to strengthen their position. For instance, in February 2022, QuickLogic Corporation, a US-based semi-conductor development company, made PolarPro3, a low-power SRAM-based FPGA available for solving semiconductor supply availability The extremely adaptable PolarPro3 family has a power consumption as low as 55uA, a small footprint in small packages, and die variations. Up to 2,000 effective logic cells of SRAM-based FPGA fabric, 64Kbits of SRAM, and up to 46 reconfigurable I/Os are packed within the product's modest physical die footprint. The series is perfect for a range of tasks in portable, wearable, mobile, IoT, and other battery-powered applications, including interfaces, level shifting, small CPU cores, low-speed serial protocols, and GPIO mixing. It also consumes very little power and is very small.

Field Programmable Gate Array 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

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Largest And Fastest Growing Region In The Market
North America was the largest region in the field programmable gate array market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the field programmable gate array market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Field Programmable Gate Array Market Report Structure
3. Field Programmable Gate Array Market Trends And Strategies
4. Field Programmable Gate Array Market - Macro Economic Scenario
5. Field Programmable Gate Array Market Size And Growth
…..
27. Field Programmable Gate Array Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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