Field Programmable Gate Array (FPGA) Market Size

Field Programmable Gate Array Market Size

FPGA Market size exceeded USD 6 billion in 2021 and is poised to grow at over 12% CAGR from 2022 to 2028. The market growth is owing to the rising adoption of artificial intelligence (AI) and machine learning (ML) technologies for edge computing applications in data centers.

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FPGA devices provide various advantages, such as low-cost integration, high performance, and energy efficiency, which are increasing their usage in edge AI devices, AI workstations, and High-Performance Computing (HPC) applications. AI-powered FPGAs are used in various data center devices including networking equipment, storage racks, and server systems. They allow users to control high-speed data processing while also monitoring network traffic. Additionally, the increased efforts of prominent data center operators to expedite process competency will promote market expansion.

The COVID-19 pandemic has aided the FPGA market growth in the healthcare industry since year 2020. The increased demand for high-performance detection devices in hospitals has encouraged developers to create infection detection systems based on FPGA. For instance, ALDEC created a COVID-19 lung infection detecting system. This device incorporates a field-programmable gate array that works with the TySOM embedded control board. The ongoing R&D and innovations in the healthcare sector will support the market expansion in the coming years.