Field-programmable gate arrays (FPGAs) are programmable logic devices that are based around a matrix of configurable logic blocks (CLBs) connected via programmable interconnects. FPGA technology enables the implementation of complex digital circuits and systems without the high Non-Recurring Engineering (NRE) costs of application-specific integrated circuit (ASIC) devices or the long lead times of custom ASICs. They are well-suited for applications where designers need to change, adapt, or customize logic or system interfaces and behaviors. Examples of FPGA uses include hardware acceleration for machine learning/AI applications, edge computing, industrial motor control, communications systems, aerospace & defense, as well as test, measurement and emulation systems. The global Field Programmable Gate Array Market is estimated to be valued at US$ 8251.88 Mn in 2023 and is expected to exhibit a CAGR of 9.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:

The global Field Programmable Gate Array market is driven by the growing demand for high-level integration capabilities. As mentioned in the heading, FPGAs enable hardware acceleration for computationally-intensive workloads through highly configurable and parallel processing. They can implement complex functions much faster than general-purpose CPUs. This capability to customize circuitry in the field without the limitations of an ASIC makes them well-suited for machine learning and AI edge computing applications which require accelerated real-time inference. In addition, FPGAs offer cost-savings over dedicated ASICs for applications with changing or evolving requirements, as the logic functions can be reprogrammed multiple times. FPGA configuration can also be updated in the field via remote network connections. The programmability of FPGAs has become indispensable for applications requiring adaptation to changing compute needs and reconfigurable functionality over the product life cycle.

Segment Analysis

The Field Programmable Gate Array Market Share is dominated by the telecom segment owing to the growing use of FPGAs in telecommunication infrastructure equipment. Telecom network equipment manufacturers use FPGAs to provide programmability and reconfigurability in routers, switches, and base stations. The automotive segment is also growing considerably due to the adoption of FPGAs in advanced driver-assistance systems (ADAS) and infotainment systems. Increasing vehicle digitization and autonomous driving technologies are supporting the growth of the automotive segment.

PEST Analysis

Political: The FPGA market players’ growth depends on government initiatives towards technological innovation. Supportive regulations for smart infrastructure and autonomous vehicles will create lucrative opportunities.
Economic: Rising disposable income and spending on electronics are enhancing the demand for FPGAs. However, global trade tensions can negatively impact the prices of components.
Social: Growing consumer preference for smart and connected devices is increasing the market potential. Public focus on developing autonomous transport is boosting automotive segment adoption.
Technological: Advancements in FPGA architecture towards higher density, speed, and power efficiency are increasing the suitability for complex applications. Integration of AI/ML accelerators and multi-core processors into FPGAs is widening the scope.

Key Takeaways

The global field programmable gate array market is expected to witness high growth over the forecast period driven by increasing proliferation of smart electronics and developing autonomous applications.

Regional analysis: North America is currently dominating the market led by the presence of major FPGA vendors and advanced technological adoption. Asia Pacific is anticipated to grow at the fastest rate during the forecast timeframe backed by increasing electronics manufacturing in China, Taiwan and Southeast Asian countries coupled with burgeoning semiconductor industries.

Key players:

Key players operating in the field programmable gate array market are Takara Bio Inc., ViaCyte Inc., PromoCell GmbH, Merck KgaA, PeproTech Inc., Astellas Pharma Inc., Thermo Fisher Scientific, Lineage Cell Therapeutics Inc., and STEMCELL Technologies Inc. These players are focusing on technology advancements and partnerships to strengthen their market position.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it