Fpga Market Worth $13.61 Billion By 2030

FPGA market is estimated to be worth $7.91 billion in 2022 and is poised to reach $13.61 billion by 2030, growing at a CAGR of 6.55% from 2022 to 2030. The growth of FPGA market is driven by the development in telecommunication industry and rising demand for high-speed internet. However, high cost of supporting infrastructure is expected to hinder the market growth. Industry 4.0 is changing the way companies manufacture, process, and distribute their products, and governments of several countries are investing in their manufacturing sectors to boost the country’s production output.