The market size of FPGA surpassed USD 6 billion in 2021 and is poised to record over 12% CAGR through 2028 driven by the increasing adoption of AI and ML technologies for data center edge computing applications.
Market for SRAM architecture-based FPGA is likely to register a CAGR of over 13% through 2028 owing to increasing adoption in military and aerospace applications such as electronic warfare systems, radar systems, and encrypted wireless communication devices.
The consumer electronics application segment accounted for around 9% of field-programmable gate array industry share in 2021 and will grow with the escalating disposable income in developing countries and the greater demand for new appliances.
The North America market is expected to register a CAGR of 14% over 2022-2028 with rising number of government initiatives and funding activities in the semiconductor sector across the region.