FPGA Market To Generate Revenue Worth $23,991.2 Million by 2030

The FPGA market will reach USD 23,991.2 million revenue by 2030, witnessing a CAGR of 12.8% during 2023–2030. The key drivers for the growth are the expanding application of these devices across industries and the development of inexpensive products with a range of functions enabled by this technology. The FPGA demand is essentially driven by the growing popularity of smartphones as well as the expansion of the electric vehicle component sector.

Moreover, FPGAs are widely employed in the field of embedded computing to facilitate the creation of advanced cybersecurity solutions. These versatile devices are crucial in system design, and they utilize the semiconductor technology to enable their functionality. They can be programmed to suit the demands of the customer. They, thus, find application in almost every industry, but are the most frequently utilized in the communications & networking sector, due to the rising government investments in 5G.

The rollout of 5G networks leads to a necessity for high-speed data processing and low-latency transmission. FPGAs are well suited for use in 5G infrastructure for baseband processing, beamforming, and many other key operations. As 5G deployments spread around the world, the need for these ICs will likely skyrocket during the forecast period.

Artificial intelligence (AI) and machine learning (ML) are the other two technologies that necessitate high-performance computing capabilities. FPGAs are great for boosting AI and ML workloads because they can be reconfigured and optimized for parallel processing activities.

Low-End Category To Grow Significantly

By configuration, the low-end category is expected to witness a significant growth rate in the market, of around 10%, and maintain its dominance during the forecast period. This is due because low-end FPGAs are less expensive than their higher-end counterparts. This is why they are appealing to diverse industries, such as consumer electronics, IoT devices, and small-scale projects.

Moreover, edge computing has gained popularity over the years due to the need for real-time processing, low latency, and increased data security, which mandate processing data closer to the source, rather than relying only on the cloud. Due to their low power consumption, tiny form footprint, and ability to perform parallel processing tasks efficiently, low-end FPGAs are well suited for edge computing applications.

The European FPGA market is considerable and continues to grow steadily. This is owing to the strong presence of manufacturers in Europe who provide a comprehensive range of FPGAs for a variety of applications and industries. Their strong presence means that FPGA solutions are easily available and accessible to businesses and developers in the region.

Furthermore, Europe has a robust base of the automotive, aerospace, telecommunications, and healthcare industries. In all these industries, FPGAs’ customizable nature, real-time processing capability, and ease of integration into complex systems are highly prized.

Additionally, the adoption of ADAS, driverless vehicles, industrial automation systems, 5G communications infrastructure, and advanced medical equipment is burgeoning in Europe. This is because of the region’s strong emphasis on technology and innovation R&D, which stimulates innovation and will continue to fuel the demand for FPGAs during the forecast period.

Some of the major key players in the FPGA market are Xilinx Inc., Intel Corporation, Lattice Semiconductor Corporation, Microchip Technology Inc., QuickLogic Corporation, Achronix Semiconductor Corporation, e2v, Efinix Inc., and Microsemi Corporation.