FPGA Market Growth Forecast through 2030
According to a study by Allied Market Research, the global FPGA component market is expected to experience significant growth between 2021 and 2030.
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According to a report published by Allied Market Research, the global FPGA market, valued at USD 7.18 billion in 2020, is projected to grow at an annual rate of 8.4% between 2021 and 2030, reaching USD 15.89 billion by 2030.
The report provides a detailed segmentation of the global FPGA market by type, technology, application, and region. It analyses each segment and sub-segment using tables and charts. Market players, potential investors, and new entrants can rely on these analyses to identify target sub-segments and develop their business strategies accordingly.
An FPGA (Field Programmable Gate Array) is an integrated electronic circuit that is programmable, unlike application-specific integrated circuits (ASICs). It is designed to be configured and reconfigured by the user to meet specific application processing requirements. As the term “Field” implies, an FPGA can be programmed in situ—either after being mounted on the circuit board or post-manufacturing by the supplier.
The FPGA segment based on SRAM technology accounted for the largest market share in 2020, generating nearly two-fifths of global FPGA revenue, and is expected to maintain its dominance throughout the forecast period. However, the segment using Flash technology is projected to record the highest compound annual growth rate (CAGR) of 10.6% between 2021 and 2030.
The telecommunications segment contributed to more than a quarter of global FPGA revenue in 2020 and is anticipated to dominate the market by 2030. Meanwhile, the consumer electronics segment is expected to post the highest annual growth rate (10.5%) during the forecast period.
By product type, the high-end FPGA segment represented the largest market share in 2020—accounting for more than half of the global FPGA revenue—and is forecast to maintain its leading position throughout the decade. Conversely, the low-end FPGA segment is expected to post the highest CAGR (9.3%) during the forecast period.
North America held the largest market share in 2020, generating over one-third of global FPGA revenue, and is projected to retain its dominant position through 2030. However, the Asia-Pacific region is expected to record the fastest annual growth rate (10.9%) between 2021 and 2030.
Key players in the global FPGA market include Altera, QuickLogic, Teledyne e2v, Atmel, Achronix Semiconductor, Lattice Semiconductor, ARM, Xilinx, and Cypress Semiconductors.
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