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Field-Programmable Gate Array (FPGA) Market to Grow by USD 4.44 Billion (2024-2028), Boosted by High Adoption of Smartphones & Tablets, with Market Evolution Powered by AI – Technavio

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NEW YORK, Jan. 31, 2025 /PRNewswire/ — Report on how AI is driving market transformation – The global field-programmable gate array (FPGA) market size is estimated to grow by USD 4.44 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 8.09% during the forecast period. High adoption of smartphones and tablets globally is driving market growth, with a trend towards increased proliferation of IoT. However, cloning concerns in fpga design poses a challenge. Key market players include Achronix Semiconductor Corp., Advanced Micro Devices Inc., Berkshire Hathaway Inc., Broadcom Inc., Efinix Inc., Flex Logix Technologies Inc., GlobalSpec LLC, GOWIN Semiconductor Corp., Infineon Technologies AG, Intel Corp., iWave Systems Technologies Pvt. Ltd., Lattice Semiconductor Corp., Menta SAS, Microchip Technology Inc., NXP Semiconductors NV, QuickLogic Corp., Siemens AG, Silicon Creations, SoftBank Group Corp., and Synopsys Inc..

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Field-Programmable Gate Array (Fpga) Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Decelerate at a CAGR of 8.09%

Market growth 2024-2028

USD 4438.6 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

7.32

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 76%

Key countries

China, South Korea, US, Japan, and Germany

Key companies profiled

Achronix Semiconductor Corp., Advanced Micro Devices Inc., Berkshire Hathaway Inc., Broadcom Inc., Efinix Inc., Flex Logix Technologies Inc., GlobalSpec LLC, GOWIN Semiconductor Corp., Infineon Technologies AG, Intel Corp., iWave Systems Technologies Pvt. Ltd., Lattice Semiconductor Corp., Menta SAS, Microchip Technology Inc., NXP Semiconductors NV, QuickLogic Corp., Siemens AG, Silicon Creations, SoftBank Group Corp., and Synopsys Inc.

Market Driver

The FPGA market is experiencing significant growth in the semiconductor industry, driven by the demand for configurable logic blocks and programmable interconnects. FPGAs are digital integrated circuits that offer customizable logic functions through programmable and reprogrammable programmable logic elements, including logic gates and flip-flops. This flexibility makes FPGAs ideal for various application categories, such as telecom, data processing centers, automotive, aerospace and defense, consumer electronics, and emerging technologies like artificial intelligence and machine learning. Key trends in the FPGA market include low power consumption, high compute density, and continuous evolution to meet the needs of OEMs and end-users. Flash-based FPGAs are gaining popularity due to their lower NRE costs and shorter turnaround times. FPGAs are being used in smart cities for deep packet inspection and network processing, as well as in wearables, handheld devices, mobile applications, cloud service providers, and telecom segment for 5G and hardware acceleration. The FPGA architecture is also being used in specialized expertise areas like driver safety, autonomous driving, infotainment, and cockpit applications. The telecom sector, data processing applications, and application-specific integrated circuits (ASICs) are also significant markets for FPGAs. The FPGA market is expected to grow further due to the increasing demand for low power consumption, high-performance computing, and longer design cycles in various industries. 

The Internet of Things (IoT) market encompasses a vast array of applications, from smart consumer electronics to wearables and automobiles. For individuals, IoT offers affordable and efficient devices to streamline daily tasks. Businesses, on the other hand, can benefit from optimized automation processes, improved inventory management, enhanced energy efficiency, and heightened security. In 2020, over 8.5 billion IoT devices were in use globally, with this number projected to exceed 25 billion by 2030. Designers face challenges in implementing IoT solutions, including power efficiency, compatibility with inadequate interfaces, and the need to accommodate future growth and performance demands. 

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Market Challenges

The FPGA market is thriving in the semiconductor industry, offering configurable logic blocks and programmable interconnects as alternatives to Integrated Circuits (ICs) like PROM, ASIC, EEPROM, SRAM, Flash, and EPROM. FPGAs are programmable and reprogrammable, making them customizable for various logic functions and digital signal processing applications. The telecom sector, smart cities, and emerging technologies such as deep packet inspection, network processing, security, and 5G are major application categories driving the market. Mid-range FPGAs are popular for wearables, handheld, and mobile applications, while flash-based FPGAs cater to high-performance computing and data processing centers. OEMs in automotive, aerospace and defense, consumer electronics, and emerging technologies like artificial intelligence, machine learning, and the Internet of Things rely on FPGAs for hardware acceleration. The FPGA architecture’s low power consumption and high compute density make it ideal for remote work, online learning, telemedicine, and cloud service providers. Continuous evolution, lower power consumption, and shorter design cycles are key advantages, making FPGAs a valuable investment for businesses.FPGA market competition is intensifying, with manufacturers focusing on protecting their intellectual property. FPGA designs are easily replicable, leading vendors to implement Physical Unclonable Functions (PUFs) since 2002. PUFs are one-way functions added to the production process, creating unique outputs that are challenging to replicate. Altera, for instance, offers Stratix chips with side-channel attack protection through an on-chip service device manager. These advancements enable FPGA manufacturers to provide innovative technology while safeguarding their intellectual property.

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Segment Overview

This field-programmable gate array (fpga) market report extensively covers market segmentation by

Type 1.1 High-end FPGA1.2 Mid-end FPGA1.3 Low-end FPGAApplication 2.1 Telecommunication2.2 Industrial2.3 Automotive2.4 Consumer electronics2.5 OthersGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 High-end FPGA- High-end FPGAs, featuring millions of logic cells, have expanded their application beyond telecommunications to military and broadcast industries. Intel’s Stratix series, such as the Stratix-II, offers advanced security features like bitstream encryption for design protection. Vendors like Intel and Xilinx are launching new high-end FPGAs to meet growing demand. Security concerns are driving the high-end FPGA market, with Stratix-II’s encryption being a notable example. These developments are expected to significantly contribute to the global FPGA market growth during the forecast period.

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Research Analysis

The Field-Programmable Gate Array (FPGA) market refers to the business sector focused on designing, manufacturing, and selling FPGAs, which are digital integrated circuits that can be programmed and reprogrammed to implement custom logic functions. FPGAs consist of configurable logic blocks and programmable interconnects, allowing for high compute density and low power consumption. They are used in various applications, including deep packet inspection, network processing, security, and digital signal processing, among others. FPGAs offer customizability and flexibility, making them suitable for wearables, handheld devices, mobile applications, cloud service providers, and more. Unlike Programmable Read-Only Memories (PROM), FPGAs are programmable and reprogrammable, making them more versatile than Application-Specific Integrated Circuits (ASICs), EPROMs, EEPROMs, SRAMs, Flash, and other memory types. FPGAs are essential for data processing applications due to their high performance and ability to implement complex logic functions using programmable logic elements, including logic gates and flip-flops.

Market Research Overview

The Fpga market is a dynamic segment of the semiconductor industry, characterized by its configurable logic blocks and programmable interconnects. FPGAs are integrated circuits that offer the flexibility of a Programmable Read-Only Memory (PROM), Application-Specific Integrated Circuits (ASIC), Electrically Erasable Programmable Read-Only Memory (EEPROM), Static Random Access Memory (SRAM), Flash, or Erasable Programmable Read-Only Memory (EPROM), but with the added benefit of being programmable and reprogrammable. FPGAs consist of programmable logic elements, including logic gates and flip-flops, that can be customized to perform various logic functions, digital signal processing, and data processing applications. The market caters to diverse industries, including telecom, smart cities, wearables, handheld, mobile applications, cloud service providers, and more. FPGAs are integral to network processing, deep packet inspection, security, and other applications due to their low power consumption, high compute density, and continuous evolution. The telecom sector, automotive, aerospace and defense, consumer electronics, and emerging technologies such as artificial intelligence, machine learning, and the Internet of Things, all benefit from FPGAs. Mid-range FPGAs are increasingly popular, and flash-based FPGAs are gaining traction. The semiconductor industry’s longer design cycles and the need for specialized expertise contribute to the market’s growth. Applications in high-performance computing, antifuse, data processing, telecom segments, and 5G further expand the market’s potential.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeHigh-end FPGAMid-end FPGALow-end FPGAApplicationTelecommunicationIndustrialAutomotiveConsumer ElectronicsOthersGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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TÜV Rheinland issued Verification for Palm Vein Recognition Rate and Speed Of the Veno Pro Video Smart Lock

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SHENZHEN, China, Feb. 26, 2025 /PRNewswire/ — TÜV Rheinland, the internationally recognized independent testing, inspection, and certification organization, has issued the verification statement for the palm vein recognition rate and speed of the Veno Pro Palm Vein Recognition Video Smart Lock (model: LKMSD411, hereinafter referred to as “Veno Pro“). Launched in North America by LOCKIN (U.S.) Inc. Technology, this product demonstrated performance consistent with the established test criteria, reflecting stable and reliable operation under daily use conditions.

As smart homes gain popularity and living standards rise, the biometric functions in smart locks have become increasingly important to users. Palm vein recognition technology, which uses infrared to read the distribution of veins in the human palm, offers several advantages over fingerprint and facial recognition, including natural live body detection, contactless convenience, hygiene, stable feature information, low environmental requirements, resistance to external damage or theft, reduced false triggers, and immunity to twin confusion. This technology is rapidly becoming a favorite in the lock industry.

However, due to its relatively recent introduction and limited recognition, smart locks equipped with palm vein recognition technology need to prove that their product performance and user experience to earn consumer trust. In response, TÜV Rheinland officially launched the “Palm Vein Recognition Rate and Speed Verification” service.

TÜV Rheinland conducted extensive palm vein recognition tests on Veno Pro in its laboratory under a reproducible and stable testing environment. The results show that Veno Pro’s average recognition time is no more than 0.17 seconds, with an average recognition success rate of no less than 99.9%. The recognition experience is stable and smooth, meeting the daily needs of users effectively.

“TÜV Rheinland recognizes that new technologies, such as palm vein recognition in the lock industry, require rigorous verification to ensure they meet consumer expectations and gain market acceptance. As a trusted partner, TÜV Rheinland is well-equipped to support manufacturers in validating the performance and reliability of their innovative products. By leveraging TÜV Rheinland’s verification services, companies can effectively demonstrate the quality and capabilities of their technologies, facilitating smoother market entry and enhancing customer trust”, Jay Yang, Vice President of TÜV Rheinland Graeter China Electrical.

About TÜV Rheinland

Safety and quality in almost all areas of business and life: That’s what TÜV Rheinland stands for. The company has been active for more than 150 years and is one of the world’s leading testing service providers. TÜV Rheinland has more than 22,000 employees in over 50 countries and generates annual sales of more than 2.4 billion euros. TÜV Rheinland’s highly qualified experts test technical systems and products around the globe, accompany innovations in technology and business, train people in numerous professions and certify management systems according to international standards. In this way, the independent experts ensure trust along global flows of goods and value chains. Since 2006, TÜV Rheinland has been a member of the United Nations Global Compact for more sustainability and against corruption.

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SOURCE TUV Rheinland Group

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Kingdee Expands Its Footprint into the Middle East, Opening Qatar Office

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HONG KONG, Feb. 26, 2025 /PRNewswire/ — Kingdee International Software Group Company Limited(0268.HK)announced today the opening of its regional headquarters in Qatar’s Free Zones, marking its official entry into the Middle East market. The establishment of this regional headquarters has been facilitated through the support of the Qatar Investment Authority (QIA), the sovereign wealth of Qatar, Invest Qatar, the investment promotion agency of Qatar and Qatar Free Zones Authority (QFZ). At the press conference, Kingdee was represented by Vice President Liu Zhongwen, General Manager of Kingdee International Business Center Liu Yujie.

Founded in 1993, Kingdee is a globally renowned enterprise management cloud SaaS company listed on the Main Board of the Hong Kong Stock Exchange. Expanding its global presence has been one of Kingdees key strategic objectives.

In December 2023, Kingdee and QIA announced an agreement in which QIA would invest around $200 million in the company. This investment recognised Kingdee as a category leader and key enabler of enterprise cloud transformation in China. The investment in Kingdee aligns with QIA’s strategic objective to invest in leading companies and technologies in global digitalization trends. Robert Xu, Chairman and CEO of Kingdee Group,visited Qatar in December 2024 and decided to leverage Qatar as a bridgehead for expanding the footprint into the Middle East and North Africa markets, drive the digital transformation of local enterprises and supporting Qatar to achieve its “Qatar National Vision 2030”.

He said: Today marks a pivotal moment in the global expansion plans of Kingdee. Following the investment by QIA in December 2023, we are excited to further strengthen our collaboration with Qatar by opening our first office in the Middle East, in Qatar’s Free Zones. We are excited to collaborate with QIA, Invest Qatar and QFZ to bridge the gap between Kingdee and the Middle Eastern market, supporting Kingdee’s inter-national growth strategy.

Mohammed Saif Al-Sowaidi, CEO of QIA stated: “QIA has been an investor in Kingdee since 2023 and recognizes the company’s expertise in enterprise digitalization and cloud services in China. We are confident that Kingdee will succeed in their expansion and will bring a valuable offering to the Middle East market.” 

Sheikh Ali Alwaleed Al-Thani, CEO, Invest Qatar, commented: “We are delighted to welcome Kingdee to Qatar. The establishment of their regional headquarters in Qatar marks a significant milestone in our ongoing efforts to attract leading global technology companies to our region. This collaboration underscores Qatar’s commitment to fostering a business-friendly environment that supports innovation and digital transformation. We look forward to working closely with Kingdee, the Qatar Investment Authority, and the Qatar Free Zones Authority to drive forward our shared vision of economic growth and technological advancement, in line with Qatar National Vision 2030 and the Third National Development Strategy.”

On this strategic move, H.E. Sheikh Mohammed bin Hamad bin Faisal Al-Thani, CEO of Qatar Free Zones Authority (QFZ), said: “Kingdee’s decision to establish its regional headquarters in our free zones reaffirms Qatar’s position as a leading hub for digital innovation. This partnership, developed through the joint efforts of Qatar Investment Authority, Invest Qatar, and Qatar Free Zones Authority, reflects our collective drive to achieve Qatar’s Third National Development Strategy — the final wave of the Qatar National Vision 2030. By integrating Kingdee’s expertise into our technology ecosystem, we accelerate digital transfor-mation and strengthen Qatar’s role as a gateway for next-generation solutions to drive economic diversification and sustainable growth.”

QFZ will provide Kingdee with a strategically positioned platform to strengthen its regional presence, cultivate high-impact collaborations, and contribute to the evolution of enterprise digitalization. 

As a publicly listed company with over 31 years of history, Kingdee has reinforced its product R&D and implementation capabilities through serving more than 7.4 million customers worldwide. Kingdee SaaS solutions are used in 172 countries and regions worldwide, supporting 42 languages and serving over 1000 customers to achieve overseas digital operations. “We are confident in our ability to deliver professional enterprise digital solutions to Qatar and the regional market.”

Kingdee, leveraging its industry expertise and the management models of China’s leading enterprises, can provide end-to-end digital solutions encompassing financial management, supply chain optimization, and production operations to local businesses. This empowers regional enterprises to enhance management efficiency and strengthen competitive capa-bilities.

The establishment of Kingdee Qatar represents a strategic milestone in Kingdee’s commitment to delivering localized services from Qatar’s Free Zones to global clients. Guided by the principle of “think globally, operate locally,” the company will synergize regional business acumen with technological strengths, inte-grating AI-driven digital technologies and management expertise to provide compre-hensive one-stop solutions. This initiative will accelerate the development of the Middle East’s software and internet industries through technological empowerment.

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E-Health Now Founder & CEO Kelly Xu was honored as the “2024 Forbes China Emerging Innovator and Entrepreneur”

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BEIJING, Feb. 26, 2025 /PRNewswire/ — On February 22, 2025, the Forbes China Emerging Innovators and Entrepreneurs Forum and Awards Ceremony was held at the Shangri La Hotel in Hangzhou. This grand event of innovation and entrepreneurship brought together entrepreneurs, investors, and industry experts from all walks of life to explore global innovation trends. In the highly anticipated Award Ceremony, Kelly Xu, Founder and CEO of E-Health Now, stood out in the fierce competition with her outstanding achievements and innovative spirit, and won the prize of the “2024 Forbes China Emerging Innovators and Entrepreneurs” in the area of “Life and Health”.

Forbes China, as an internationally renowned media brand with innovation as its core, has long been deeply involved in innovation. The newly launched Award of “Innovators & Entrepreneurs” aims to discover outstanding companies and talents with high growth potential and investment value worldwide, and further promote global innovation practice. The selection process is rigorous and scientific, and through in-depth analysis and layer by layer screening of multi-dimensional criteria such as candidates’ business performance, capital market performance, industry influence, and innovation capability, each person on the list is a leader in the industry. Kelly Xu truly deserved the award.

Since founding E-Health Now in 2017, Kelly Xu has demonstrated extraordinary strategic vision and leadership. Under her leadership, E-Health Now stood out in the fiercely competitive market and quickly rose to become a benchmark enterprise in the industry. The company relies on nearly 10,000 high-quality domestic and international medical institutes and other scarce medical resources that have signed official contracts for cooperation, as well as a smart medical and health management service system that covers the entire value chain of life and health service process. Through more than 100 carefully designed medical and health online and offline products and services, the company can tailor comprehensive and personalized health solutions for insurance, banking, corporates, and individual customers with an innovative B2B2C model. At present, it has established deep strategic partnerships with over 210 insurance companies, banks, and corporate clients, completed a stable and extensive industry ecosystem cooperation network, served over 35 million end users, and thus won market recognition and user trust with its excellent services & user experience.

Kelly Xu also strategically led E-Health Now to lay out and invest in the field of artificial intelligence in 2021 with an outstanding vision. Currently, the company has successfully developed and launched 5 AI medical intelligent tools, which combined with its medical services have helped to significantly improve the efficiency and quality of medical services, reduce costs, and greatly optimize user experience, setting a new example of intelligent healthcare services in the industry. Under her leadership, E-Health Now has achieved 100% CAGR revenue growth in the past years, such extraordinary development also gained recognition from the capital market, and it has obtained investment from a series of top venture capitals such as Ventech China, GSR, Suzhou City Wujiang Venture Capital, Borchid Capital, Tongji Fund, etc.

Looking forward, Kelly Xu stated that E-Health Now would actively explore overseas markets while continuously strengthening and developing its domestic China business. The Company plans to empower overseas hospitals and insurance companies with advanced AI technology and medical solutions, and promote the cross-border flow of high-quality medical and health services. It plans to start with the Southeast Asian market, and will bring the most advanced medical and health solutions to countries such as Singapore, Thailand, Indonesia, Vietnam, and is already in discussion with potential local partners.

Kelly Xu’s inclusion in the “2024 Forbes China Emerging Innovators and Entrepreneurs” list is not only a significant affirmation of her personal career, but also a high recognition of E-Health Now’s innovative business model. It can be highly anticipated that under the leadership of Kelly Xu, E-Health Now will continue to lead on the path of innovation and entrepreneurship, create even more brilliant achievements, and inject new vitality into promoting industry development and supporting economic growth.

Company Name: E-Health Now Health Technology (Beijing) Co., Ltd
Contact Person: Ms. Luo
Email: marketing@ehealthnow.cn
Website: www.huameihaolian.com 
Telephone: +8615801167074
City: Beijing, China

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SOURCE E-Health Now Health Technology (Beijing) Co., Ltd

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