According to a research report published by MarketsandMarkets™, the FPGA market size is projected to reach USD 9.1 billion by 2026 from an estimated USD 6.2 billion in 2021, at a CAGR of 7.8% from 2021 to 2026. An increase in global adoption of AI and IoT, and rising deployment of data centers and high-performance computing are among the factors driving the growth of the FPGA market.
The market for low-end is expected to hold the largest share of FPGA market during the forecast period. The growth is attributed to their ability to provide design security and protection against tampering, reverse engineering, and cloning. Moreover, low-end FPGAs have low power consumption, offer more functionalities at minimum costs, and can be used extensively in automotive, consumer electronics, displays, industrial, military, video and image processing, and wireless applications.
In terms of node size, the ≤16 nm segment is projected to grow with the highest CAGR during the forecast period. The growth of this segment is largely due to the increased adoption of FPGAs with ≤16 nm node size across the world owing to their low power consumption, as well as ease of upgrading and reprogramming them remotely. The adoption of 10 nm node size FPGAs in high-end applications such as edge computing, 5G networking, data centers, and AI has also reinforced the growth of this segment of the market.