Global FPGA Market Industry Size, Share & Analysis Report - 2029

Posted January 16, 2024 by stevestark002

The FPGA market was valued at USD 12.1 billion in 2024 and is estimated to reach USD 25.8 billion by 2029, registering a CAGR of 16.4% during the forecast period.

The FPGA market was valued at USD 12.1 billion in 2024 and is estimated to reach USD 25.8 billion by 2029, registering a CAGR of 16.4% during the forecast period.

The growth of the FPGA market is driven by the widespread incorporation of Artificial Intelligence (AI) and Internet of Things (IoT) technologies across diverse applications, the rising quantity of data centers and facilities dedicated to high-performance computing (HPC), and field-programmable gate arrays (FPGAs) exhibit superior efficiency in comparison to application-specific integrated circuits (ASICs).

Drivers: Increasing adoption of artificial intelligence (AI) and Internet of Things (IoT) technologies in various applications

The widespread adoption of Artificial Intelligence (AI) and the Internet of Things (IoT) across diverse industries has transformed applications involving intricate motor control and vision processing. These tasks demand advanced computing capabilities and real-time, deterministic system behavior, leading to a global surge in the adoption of Field-Programmable Gate Arrays (FPGAs) due to their inherent hard-deterministic features. The convergence of AI and IoT has driven the development of innovative business models, fostering significant technological advancements in the FPGA domain. FPGAs play a pivotal role in driving innovations, from intelligent buildings and connected vehicles to smart power grids and urban infrastructure. The Mobile Economy 2023 report by the GSM Association predicts a doubling of licensed cellular IoT connections to 5.3 billion by 2030, with Greater China contributing two-thirds of this total. This exponential growth in global IoT penetration is expected to fuel the expansion of the FPGA market. Key industry players, including Xilinx, Inc. (Advanced Micro Devices, Inc.) (US), Intel Corporation (US), and Lattice Semiconductor Corporation (US), are expanding their FPGA offerings in the AI and IoT space, incorporating both hardware and software programmability.

Restraint: Security concerns associated with FPGAs.

Side-channel attacks (SCAs) represent a unique class of threats exploiting physical characteristics in cryptographic devices, including FPGAs, to extract sensitive information. Unlike traditional cryptographic attacks, SCAs focus on the physical implementation of algorithms, utilizing variations in power consumption, electromagnetic radiation (EMR), and timing. FPGAs, in particular, are susceptible to SCAs due to inherent physical phenomena that are challenging to control. Two main types of SCAs include simple side-channel analysis (SSCA) and more effective differential side-channel analysis (DSCA). Mitigation strategies for FPGAs involve masking, shielding, randomization, secure design practices, and continuous monitoring, although these measures cannot eliminate the evolving threat of SCAs. Ongoing research is essential to develop new countermeasures for enhanced FPGA protection.

Opportunities: Surging deployment of 5G communication infrastructure
The evolution of 5G network infrastructures presents a substantial avenue for growth in the FPGA market. The introduction of 5G New Radio (NR) as the new air interface for 5G networks is reshaping the landscape. Current 5G architectures incorporate NR radio heads in base stations, featuring massive multiple-input, multiple-output (MIMO) antennas employing multiple transmitters and receivers for swift data transfer. This robust infrastructure caters to diverse access and connectivity scenarios, including enhanced mobile broadband (EMBB), massive machine-type communications (mMIC), and ultra-reliable low-latency communications (URLLC). To meet the varied demands of 5G network workloads, there is a growing inclination towards FPGA technology in the development of next-generation wireless infrastructure. This trend signifies a compelling opportunity for market players in the FPGA domain.

Challenge: Lack of improved and standardized verification techniques

The lack of standardization in the FPGA market poses several challenges for both FPGA designers and users. Designers must contend with the intricacies of multiple FPGA architectures and toolchains, leading to increased design time and complexity. Additionally, the lack of standardization limits the portability of FPGA designs, making it difficult to reuse and repurpose designs across different FPGA platforms. The rapid pace of FPGA technology advancements further exacerbates this lack of standardization. As FPGA vendors introduce new architectures and features, designers must adapt their design methodologies and tools accordingly. This continuous evolution can hinder the adoption of new FPGA technologies, as designers may be reluctant to invest in training and tool updates.

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Last Updated January 16, 2024