Field Programmable Gate Array Market Expansion Projected to Gain an Uptick During 2022-2028

The field programmable gate array market is projected to grow massively by 2028 owing to growing integration of artificial intelligence (AI) and machine learning (ML) technologies for computing solutions in data centers.

The COVID-19 pandemic has positively impacted product uptake in the healthcare sector due to the huge demand for detection devices that encouraged the use of detection systems based on FPGA technology. Additionally, government initiatives to promote semiconductor manufacturing have contributed to market expansion. For instance, in February 2022, the Ministry of Electronics and Information Technology, the Indian executive agency focused on the development of the electronics sector, hosted its second seminar on the Chips to Startup (C2S) program. The program aims to financially support and design infrastructure to support the development of FPGA and other designs.

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Notably, major players in the field programmable gate array market have been focusing on product innovation and strategic collaboration to enhance their business presence, thereby bolstering the development of the field programmable gate array (FPGA) market. For instance, in April 2021, Efinix Inc., a leader in programmable platforms, announced the expansion of its FPGA-based titanium product line. Efinix's Titanium FPGAs deliver superior PPA advantages that demonstrate power reductions up to 70%.


The field programmable gate array market has been bifurcated in terms of application, configuration, process technology, architecture, and region. In terms of architecture, the field programmable gate array (FPGA) market has been divided into SRAM, antifuse, and flash. The SRAM segment generated over USD 3 billion in revenue in 2021 and is anticipated to grow significantly on account of rising product demand in military and aerospace applications, such as electronic warfare systems, radar systems, and encrypted wireless communication devices.

Based on process technology, the FPGA market has been categorized into <28 nm, 28 nm-90 nm, and <90 nm. In 2021, the 28 nm-90 nm segment was valued at more than USD 4 billion and is projected to expand significantly owing to rising advancements in FPGAs to support data center infrastructures.

With respect to configuration, the field programmable gate array (FPGA) market has been split into high-range, mid-range, and low-range FPGA. The mid-range FPGA segment is estimated to grow through 2028 on account of prevalent adoption of electric vehicles globally. These FGPAs can function in high-temperature environments and have been witnessing an upsurge in adoption across electric vehicle/ battery electric vehicle (EV/ BEV) applications, which is likely to support segmental growth.

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From the application perspective, the FPGA market has been classified into automotive, communications & data centers, consumer electronics, industrial, aerospace & defense, and others. Among these, in 2021, the communications & data centers segment contributed to about 40% of the market revenue backed by mounting adoption of advanced FPGA across data centers and high-performance computing systems.
 
In the regional landscape, the Latin America field programmable gate array market held around 4% market share in 2021 on account of increasing initiatives taken by the government to promote digitalization in the LATAM region.
 
Table of Contents (ToC) of the report:

Chapter 1   Methodology and Scope
1.1    Definitions & forecast parameters
1.1.1    Definitions
1.1.2    Methodology and forecast parameters
1.2    Data Sources
1.2.1    Secondary
1.2.2    Primary

Chapter 2   Executive Summary
2.1    Field programmable gate array market 360° synopsis, 2018 – 2028
2.1.1    Business trends
2.1.2    Regional trends
2.1.3    Architecture trends
2.1.4    Process technology trends
2.1.5    Configuration trends
2.1.6    Application trends

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/field-programmable-gate-array-fpga-market-size

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