The FPGA market is projected to grow from USD 12.1 billion in 2024 and is projected to reach USD 25.8 billion by 2029; it is expected to grow at a CAGR of 16.4% from 2024 to 2029.

https://www.marketsandmarkets.com/ResearchInsight/fpga-market.asp

The growth of the FPGA market is driven by the rising trend towards Artificial Intelligence (AI) and Internet of Things (IoT) technologies in various applications and the integration of FPGAs into advanced driver assistance systems (ADAS).

Major FPGA companies include:

Advanced Micro Devices (Xilinx, Inc.) (US),
Intel Corporation (US),
Microchip Technology Inc. (US),
Lattice Semiconductor Corporation (US), and
Achronix Semiconductor Corporation (US).
Major strategies adopted by the players in the FPGA market ecosystem to boost their product portfolios, accelerate their market share, and increase their presence in the market include acquisitions, collaborations, partnerships, and new product launches.

For instance, in October 2023, Achronix Semiconductor Corporation announced a partnership with Myrtle.ai, introducing an accelerated automatic speech recognition (ASR) solution powered by the Speedster7t FPGA. This innovation enables the conversion of spoken language into text in over 1,000 real-time streams, delivering exceptional accuracy and response times, all while outperforming competitors by up to 20 times.

In May 2023, Intel Corporation introduced the Agilex 7 featuring the R-Tile chiplet. Compared to rival FPGA solutions, Agilex 7 FPGAs equipped with the R-Tile chiplet showcase cutting-edge technical capabilities, providing twice the speed in PCIe 5.0 bandwidth and four times higher CXL bandwidth per port.

ADVANCED MICRO DEVICES, INC. (FORMERLY XILINX, INC.):

AMD offers products under four reportable segments: Data Center, Client, Gaming, and Embedded Segments. The Data Center segment offers CPUs, GPUs, FPGAs, DPUs, and adaptive SoC products for data centers. The portfolio of the Client segment consists of APUs, CPUs, and chipsets for desktop and notebook computers. The Gaming segment provides discrete GPUs, semi-custom SoC products, and development services. The Embedded segment offers embedded CPUs, GPUs, APUs, FPGAs, and Adaptive SoC devices. AMD offers its products to a wide range of industries, including aerospace & defense, architecture, engineering & construction, automotive, broadcast & professional audio/visual, government, consumer electronics, design & manufacturing, education, emulation & prototyping, healthcare & sciences, industrial & vision, media & entertainment, robotics, software & sciences, supercomputing & research, telecom & networking, test & measurement, and wired & wireless communications. AMD focuses on high-performance and adaptive computing technology, FPGAs, SoCs, and software.

Intel Corporation:

Intel Corporation, based in the US, stands as one of the prominent manufacturers of semiconductor chips and various computing devices. The company's extensive product portfolio encompasses microprocessors, motherboard chipsets, network interface controllers, embedded processors, graphics chips, flash memory, and other devices related to computing and communications. Intel Corporation boasts substantial strengths in investment, marked by a long-standing commitment to research and development, a vast manufacturing infrastructure, and a robust focus on cutting-edge semiconductor technologies. For instance, in October 2023, Intel announced an expansion in Arizona that marked a significant milestone, underlining its dedication to meeting semiconductor demand, job creation, and advancing US technological leadership. Their dedication to expanding facilities and creating high-tech job opportunities is a testament to their strategic investments in innovation and growth.