Meticulous Research® Forecasts Global FPGA Market to Reach $20.3 Billion by 2031

Meticulous Research®, a global leader in market intelligence and analysis, has unveiled its latest report, "FPGA Market by Programming Technology (SRAM, Flash, Anti-fuse), Configuration (Low-end, Mid-range, High-end), Node Size, Sector (Telecommunication, Consumer Electronics, Data Center, Aerospace & Defense), and Geography - Global Forecast to 2031." This comprehensive study projects that the global FPGA (Field-Programmable Gate Array) market will grow to an estimated $20.3 billion by 2031, exhibiting a robust compound annual growth rate (CAGR) of 9.9% from 2024 to 2031.

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The expansion of the FPGA market is primarily driven by the increasing adoption of FPGAs within the aerospace & defense sectors, the growing utilization of AI technology, and the rapid proliferation of data centers globally. However, challenges related to data privacy and security present potential restraints to market growth.

The report highlights the burgeoning opportunities stemming from the integration of FPGAs into cloud computing and Infrastructure-as-a-Service (IaaS) platforms, as well as their growing application in consumer electronics. Conversely, the market faces hurdles due to the lack of standardized FPGA verification and validation techniques.

Market Segmentation and Key Insights
By Programming Technology: The FPGA market is segmented into SRAM, Flash, and Anti-fuse technologies. In 2024, the SRAM segment is projected to dominate the market, holding over 44% of the global share. SRAM-based FPGAs offer significant benefits, including superior flexibility, re-programmability, ease of integration, and high performance, making them a preferred choice across sectors like aerospace & defense, consumer electronics, and telecommunications. Notably, the SRAM segment is also expected to witness the highest CAGR throughout the forecast period, fueled by ongoing developments such as GOWIN Semiconductor Corp.'s partnership with Andes Technology Corporation to create an SRAM FPGA SoC integrating a RISC-V core.

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By Configuration: The market is categorized into low-end, mid-range, and high-end FPGAs. Low-end FPGAs are anticipated to lead the market in 2024, accounting for over 52% of the global share. Their affordability and power efficiency make them attractive for applications across telecommunications, automotive, industrial, consumer electronics, and medical sectors. However, the high-end FPGA segment is expected to register the fastest growth, driven by rising demand in data center acceleration, high-performance computing, and aerospace & defense applications.

By Node Size: FPGAs are further segmented by node size into less than 28 nm, 28-90 nm, and more than 90 nm. The 28-90 nm segment is expected to hold the largest market share in 2024, driven by their prevalent use in battery-powered IoT and portable electronic devices. This segment is also forecasted to achieve the highest CAGR of over 11.5% during the analysis period.

By Sector: The telecommunications sector is expected to dominate the FPGA market in 2024, accounting for more than 32% of the global share. The widespread adoption of 5G technology and IaaS among enterprises, coupled with FPGAs' critical role in data packet switching and processing, underpins this growth. Additionally, the aerospace & defense sector is set to experience the highest growth, supported by the increasing demand for advanced FPGAs in military and space applications.

Regional Analysis
The Asia-Pacific region is forecasted to lead the global FPGA market in 2024, capturing over 40% of the market share. The region's dominance is fueled by rapid technological advancements in consumer electronics, automotive, telecommunications, and industrial automation. The expansion is further bolstered by government initiatives promoting technological innovation, the rollout of 5G networks, and the region's pivotal role as an electronics manufacturing hub. Asia-Pacific is also expected to exhibit the highest CAGR of over 11% through 2031.

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Key Market Players
Prominent players in the global FPGA market include Qualcomm Technologies, Inc. (U.S.), Efinix, Inc. (U.S.), Advanced Micro Devices, Inc. (U.S.), QuickLogic Corporation (U.S.), Microchip Technology Inc. (U.S.), Intel Corporation (U.S.), GOWIN Semiconductor Corp. (China), Achronix Semiconductor Corporation (U.S.), S2C Limited (U.S.), FlexLogix (U.S.), NVIDIA Corporation (U.S.), Broadcom Inc. (U.S.), Lattice Semiconductor Corporation (U.S.), Shanghai Anlogic Infotech Co., Ltd. (China), and NanoXplore SAS (France).

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This release was published on openPR.