Field Programmable Gate Array Market Size

Field Programmable Gate Array Market size was valued at USD 12.39 billion in 2024 and is anticipated to cross USD 52.82 billion by the end of 2037, registering more than 11.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of field programmable gate array is estimated at USD 13.56 billion. The market is estimated to grow due to hinging on the amalgamation of artificial intelligence (AI) and Internet of things (IoT) Reflecting several surveys, soon, upwards of 80% of enterprises' IoT projects will incorporate AI components, positioning FPGAs as a fundamental growth driver. The inherent adaptability and high efficiency of FPGAs are indispensable for meeting the dynamic requirements of AIoT, propelling market growth as they deliver computational versatility and strength.

In addition to these, other factors believed to fuel the market growth include the deployment of data centers and advancement of high performance computing, leveraging FPGAs in machine learning and deep learning. The development of 5G and networking infrastructure and the increasing demand of IoT devices further boosting market growth.