Field Programmable Gate Array Market Size & Share Analysis - Growth Trends & Forecasts (2024–2029)
The Field Programmable Gate Array (FPGA) Market reached a valuation of USD 6.9 billion last year and is projected to experience a CAGR of 10.32%, reaching USD 12.44 billion within the next five years. This growth is primarily driven by the extensive deployment of data centers and high-performance computing systems, significantly increasing the demand for FPGAs. An example is NTT's plan to introduce six data centers in India within the next three months, with an additional three in progress, demonstrating the industry's rapid expansion. FPGAs are characterized by their programmable hardware fabric, offering a reconfigurable circuitry distinct from hard-etched ASICs or GPUs. They serve as a flexible alternative to ASICs, eliminating lengthy development periods and significant investment requirements for designing and fabricating custom circuits. The technology industry extensively utilizes FPGAs for machine learning and deep learning applications. Microsoft Research pioneered th...