Field Programmable Gate Array (FPGA) Market Size, Share & Trends Analysis Report
In 2022, the global FPGA (Field Programmable Gate Array) market was valued at USD 10.46 billion and is projected to grow at a CAGR of 10.8% from 2023 to 2030. The increasing adoption of FPGAs in deep packet inspection, network processing, and security is expected to drive demand. FPGAs are favored for their low power consumption and high compute density, essential for efficient data flow and streaming data processing in various applications. For example, in February 2022, QuickLogic Corporation launched PolarPro 3, designed for ultra-low power consumption, ideal for wearables, handhelds, and mobile applications. Such innovations by key players are expected to fuel market growth during the forecast period.