FPGA Market Set to Grow at the Fastest Rate- Time to Grow your Revenue

The FPGA market is projected to grow from USD 12.1 billion in 2024 and is projected to reach USD 25.8 billion by 2029; it is expected to grow at a CAGR of 16.4% from 2024 to 2029.
The growth of the FPGA market is driven by an increasing number of data centers and high-performance computing (HPC) facilities, a growing need for FPGA hardware verification of avionics, and high efficiency of field-programmable gate arrays (FPGAs) as compared to application-specific integrated circuits (ASICs).

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IP cores are a complementary technology to FPGAs, enriching their functionality and efficiency. These pre-designed hardware blocks offer specialized functions, from encryption to signal processing, seamlessly integrating into FPGA designs, saving time and resources. IP cores are efficient and reusable and leverage domain expertise, allowing FPGA designers to prototype quickly and focus on system integration. Licensing agreements with third-party vendors facilitate the legal and efficient incorporation of functions. This combination offers scalability, adaptability, and a robust ecosystem, making FPGAs versatile and powerful tools suitable for a broad spectrum of industry verticals. Lattice Semiconductor provides a range of IP cores, including USB 2.0/3.2, RISC-V MC, RX, and SM CPU cores, as well as specialized cores like the Lattice Sentry ESB Mux and I2C Monitor for MachXO3D. The USB 2.0 Soft IP Core simplifies interfacing with USB Hosts and is designed in Verilog HDL, compatible with Lattice CrossLinkU-NX FPGA Devices. Efinix and Enclustra also provide diverse IP cores for various applications, from arithmetic to networking, offering comprehensive solutions for FPGA-based designs.

The telecommunications segment holds the largest market share in terms of value in 2022, and this trend is expected to continue until 2029. Telecommunications companies use FPGAs in optical transport networks (OTN), network processing, wireless baseband, and backhaul solutions. The re-programmability of FPGAs allows for quick updates to fix system issues or add new features, making them ideal for the telecommunications industry. Additionally, with the widespread adoption of 5G communication infrastructure in developed and developing economies, the use of FPGAs is expected to increase over the forecast period.

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The surge in market expansion of FPGA in the Asia Pacific is propelled by the rising adoption of 5G telecommunication networks across economies encompassing China, Japan, and South Korea. According to the press release in April 2023 by the State Council Information Office (China), China boasted more than 2.64 million 5G base stations, with 620 million 5G cellphone users, by the end of March. The entire country's counties were covered by 5G signals, indicating widespread adoption of 5G technologies in the Chinese economy. China's plan includes adding approximately 600,000 more 5G base stations in 2023, aiming for a total of 2.9 million. FPGAs are crucial in 5G networks due to their ability to provide the necessary flexibility and performance to meet the growing and dynamic demands of 5G wireless connectivity. The extensive rollout of 5G infrastructure throughout the region is set to drive the growth of the FPGA market in the forecast period.

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