FPGA Market worth $25.8 billion by 2029 – Exclusive Report by MarketsandMarkets™

CHICAGO, Jan. 15, 2024 /PRNewswire/ — The FPGA Market is projected to grow from USD 12.1 billion in 2024 and is estimated to reach USD 25.8 billion by 2029; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 16.4% from 2024 to 2029 according to a new report by MarketsandMarkets™. The growth of the FPGA market is driven by the growing utilization of Artificial Intelligence (AI) and Internet of Things (IoT) technologies across diverse applications, incorporating FPGAs into advanced driver assistance systems (ADAS), and the rising count of data centers and facilities for high-performance computing (HPC).

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=194123367

Browse in-depth TOC on “FPGA Market” 
236 – Tables        
78 – Figures
364 – Pages

FPGA Market Report Scope:

By node size, the ≤16 nm is projected to grow at a high CAGR of the FPGA market during the forecast period.

The high growth of the ≤16 nm FPGA can be attributed to its compact size and speedy processing abilities. FPGAs with ≤16 nm node size boast higher logic density than conventional FPGA devices. These FPGAs are tailored to handle high-bandwidth workloads such as high-performance computing (HPC), artificial intelligence (AI), and machine learning. In addition, these FPGAs can eliminate the standard performance issues that affect traditional FPGA devices available in the market. These FPGAs come at a higher cost and have a more limited supply chain. They boast features such as high-speed transceivers and specialized IP cores.

Flash technology in the FPGA market is expected to have the highest CAGR during the forecast period.

Flash-based FPGAs utilize non-volatile flash memory for configuration data storage, ensuring resilience and data retention during power cycling. Their advantages include non-volatility, lower power consumption, increased reliability, and inherent security features like encryption. Flash-based FPGAs find applications in embedded systems with infrequent reprogramming needs, cost-sensitive applications, low-power devices, and security-critical scenarios. Their cost-effectiveness and security features make them attractive for various applications, ranging from industrial controllers to security-sensitive environments.

Data Center & Computing segment will account for highest CAGR during the forecast period.

The data center & computing is projected to be the fastest-growing vertical from 2023 to 2028. This growth is attributed to the increasing number of data center facilities worldwide. For instance, in May 2023, Scala Data Centers (Brazil) launched the second-largest vertical data center in Latin America, the 6MW IT SGRUTB05, located in the Tamboré Campus, São Paulo state, Brazil. The facility demonstrated Scala’s strategy to accommodate significant IT infrastructure growth securely. FPGAs are ideal for compute-intensive workloads in data center applications. As a result, establishing new data centers will provide market opportunities for FPGA providers in the future.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=194123367

Asia Pacific is poised to have significant growth in the FPGA market by 2029.

The FPGA industry in the Asia Pacific region is experiencing significant growth, primarily fueled by the telecommunications sector’s rapid advancement in 5G technology. China and Japan are leading in 5G deployment, closely followed by India, driving the demand for FPGAs. The APAC market is driven by the telecom sector’s high-speed internet needs and the increasing demand for advanced network infrastructure. With their reprogrammable nature, FPGAs are well-suited for the complex data processing tasks associated with 5G applications, making them crucial in this evolving landscape. As per GSMA’s “The Mobile Economy Asia Pacific 2023” report, the anticipated economic contribution of 5G to the Asia Pacific region in 2030 stands at a significant USD 133 billion, comprising over 13% of the total economic influence of mobile technology.

Key Players

Key companies operating in the FPGA companies are Advanced Micro Devices, Inc. (Formerly Xilinx, Inc.) (US), Intel Corporation (US), Microchip Technology Inc., (US), Lattice Semiconductor Corporation (US), Achronix Semiconductor Corporation (US), QuickLogic Corporation (US), and FlexLogix (US), among others.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=194123367

Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

Related Reports: 

Artificial Intelligence (chipsets) Market by Technology (Machine Learning, Natural Language Processing, Computer Vision), Function (Training, Inference), Hardware (Processor, Memory, Network), End-user Industry and Region – Global Forecast to 2028

High-performance Computing (HPC) Market by Component, Computation Type (Parallel Computing, Distributed computing and Exascale Computing), Industry, Deployment, Server Price Band, Verticals & Region – 2027

Embedded System Market by Hardware (MPU, MCU, Application-specific Integrated Circuits, DSP, FPGA, and Memories), Software (Middleware, Operating Systems), System Size, Functionality, Application, Region – Global Forecast to 2025

Hardware Encryption Market by Product Type (External HDD, Internal HDD, SSD, Inline Network Encryptor, USB Flash Drive), Application (Consumer Electronics, Aerospace & Defense, Transportation, Healthcare) and Region – Forecast to 2027

Automotive Artificial Intelligence Market by Offering, Technology (Deep Learning, Machine Learning, Computer Vision, Context-aware Computing and Natural Language Processing), Process, Application, Component and Region – Global Forecast to 2027

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/fpga-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/fpga.asp

Logo: https://mma.prnewswire.com/media/2297424/MarketsandMarkets_Logo.jpg 

SOURCE MarketsandMarkets

Source Link