What is the FPGA Market Size?
According to 6Wresearch internal database and industry insights, the
Global FPGA Market was valued at USD 8.5 billion in 2024 and is anticipated to exceed USD 17.2 billion by 2031, registering a steady at a CAGR of 10.5% during the forecast period.
The FPGA market is augmented to have notable extension due to the increasing need for malleable, high-performance computing solutions in sectors like telecommunications, automotive, data centres, aerospace. The ability of FPGAs to provide custom hardware functionality and reconfigurability makes them ideal for accelerating workloads.
Major Growth Factors of the FPGA Industry
- Expansion of data centres and edge computing
- Increasing adoption in AI and ML workloads
- Demand for low-latency and energy-efficient processing
- Rising deployment of 5G infrastructure
- Growth in automotive electronics and ADAS
- Growing defence and aerospace applications
- Advancements in semiconductor technologies
FPGA Market Trends
The FPGA market is witnessing a shift towards system-on-chip (SoC) based solutions, enabling greater integration and performance efficiency. Additionally, there is increasing momentum in using FPGAs for AI model inference and edge computing applications due to their adaptability and low-latency response. Customizable hardware is becoming more prevalent in cloud computing environments as well.
Emerging Developments in the FPGA Industry
Recent developments include the integration of FPGA cores into CPU and GPU architectures to create heterogeneous computing platforms. Vendors are also focusing on power optimization and developing industry-specific solutions to meet the needs of sectors such as automotive automation and industrial robotics. The emergence of open-source FPGA development tools is further enabling innovation and customization.
Major Companies in the FPGA Industry
- AMD (Xilinx)
- Intel (Altera)
- Lattice Semiconductor
- Microchip Technology
- QuickLogic Corporation
- Achronix Semiconductor
- Efinix Inc.
FPGA Market Size : FAQ's
The FPGA market is valued at approximately USD 8.5 billion in 2024.
The FPGA market is projected to grow at a CAGR of 10.5% during 2024–2031.
Key industries include telecommunications, automotive, defense, aerospace, and data centers.
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