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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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EPWK HOLDINGS LTD. Announces Pricing of Initial Public Offering

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XIAMEN, China, Feb. 6, 2025 /PRNewswire/ — EPWK HOLDINGS LTD. (the “Company”) (NasdaqGM: EPWK), a company that connects businesses with great talents through innovative and efficient cloud-sourcing platforms, announced the pricing of its initial public offering (the “Offering”) of 2,750,000 Class A ordinary shares at a public offering price of $4.10 per share. The Class A ordinary shares start trading on Nasdaq Global Market under the ticker symbol “EPWK” on February 6, 2025.

The Company will receive aggregate gross proceeds of $11.275 million from the Offering, before deducting underwriting discounts and other related expenses. In addition, the Company has granted the underwriters an option, exercisable within 30 days after the closing of the Offering, to purchase up to an additional 412,500 Class A ordinary shares at the public offering price, less underwriting discounts and commissions. The Offering was conducted on a firm commitment basis.

Proceeds from the Offering will be used for business development and marketing, research and development, exploration of new product and service offerings and the creation of an online global design center, and general corporate purposes and working capital.

Cathay Securities, Inc. acted as the representative of the underwriters, with Revere Securities LLC acting as co-underwriter (collectively, the “Underwriters”) for the Offering. VCL Law LLP served as counsel to the Company. Winston & Strawn LLP served as counsel to the Underwriters.

The Offering was conducted pursuant to the Company’s Registration Statement on Form F-1, as amended (File No. 333-269657) (the “Registration Statement”), previously filed with and subsequently declared effective by the U.S. Securities and Exchange Commission (“SEC”) on February 3, 2025. The Offering was made only by means of a prospectus, forming a part of the Registration Statement. A final prospectus relating to the Offering will be filed with the SEC and will be available on the SEC’s website at www.sec.gov. Alternatively, electronic copies of the prospectus relating to the Offering may be obtained from Cathay Securities, Inc. at 40 Wall Street, Suite 3600, New York, NY 10005, or by telephone at +1 (855) 939-3888.

This press release has been prepared for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About EPWK HOLDINGS LTD.

The Company connects businesses with outstanding talent through an innovative and efficient integrated crowdsourcing platform, providing creative transaction services for small and medium-sized enterprises and suppliers. The Company was founded by Huang Guohua, former chief reporter of Fujian Daily Press Group, and conducts its operations through its subsidiaries and contractual arrangements with the variable interest entity in China. For more information, please visit the Company’s website: www.epwk.com

Forward-Looking Statements

All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs, including the expectation that the Offering will be successfully completed. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and in its other filings with the SEC.

For more information, please contact:

Investor Relations
EPWK HOLDINGS LTD.
Phone: +86 0592-5978725
Email: chenyanjun@epwk.com

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SOURCE EPWK HOLDINGS LTD.

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SIMONA AMERICA Group Advances Sustainability Commitments with SBTi Validation As Part of SIMONA AG

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Reduction of CO2 emissions by 42% by 2030 (Scope 1 and 2)SIMONA’s contribution to restricting global warming to 1.5 degreesSignificant milestone in the execution of SIMONA’s sustainability strategy

ATLANTA, Feb. 6, 2025 /PRNewswire/ — SIMONA AMERICA Group, a subsidiary of SIMONA AG, is proud to announce that the company’s ambitious greenhouse gas (GHG) reduction targets have been officially validated by the Science Based Targets initiative (SBTi). This milestone underscores SIMONA’s commitment to reducing its environmental footprint and contributing to the global effort to limit temperature rise to 1.5 degrees Celsius.

SIMONA first signed up to the Science Based Target initiative (SBTi) at the beginning of 2024. The rationale behind this move was to ensure an effective reduction in the company’s carbon footprint, while also making a positive contribution to global climate change mitigation. In joining the SBTi, SIMONA has taken responsibility for the environment and set itself long-term goals that are both quantifiable and based on scientific principles.

As part of these science-based targets, SIMONA has pledged to reduce Scope 1 and Scope 2 emissions by 42% in absolute terms by 2030, using 2022 as the baseline year. Additionally, the company has committed to reducing Scope 3 emissions from purchased goods and services by 51.6% per ton of manufactured product within the same timeframe. The SBTi has recognized these targets as ambitious and aligned with the latest climate science and objectives of the Paris Agreement.

“The SBTi’s confirmation of our climate targets is a significant achievement within our sustainability strategy. It illustrates that we are on the right track when it comes to making a genuine contribution to global climate change mitigation. Working closely with our partners and customers, we are doing everything in our power to achieve our goals in a determined and effective manner,” said Johannes Kappler, Head of Sustainability at SIMONA AG.

At SIMONA AMERICA Group, sustainability remains a top priority across all facilities, operations, and product offerings. Through the increased use of renewable energy, process efficiency improvements, and material innovation—including the expansion of the TERREFORM® line for the aerospace industry and the installation of more than 3,300 solar panels at the Archbald, PA facility—SIMONA AMERICA Group is actively contributing to the company’s broader carbon reduction goals.

“SIMONA has started its sustainability journey much like every other company—by gathering a baseline for carbon accounting,” said Autumn Werner, Sustainability Manager for SIMONA AMERICA Group. “However, with SBTi validation, we have also added accountability to ensure that our efforts lead to real emission reductions while supporting the global goal of restricting warming to 1.5 degrees.”

Werner further emphasized the importance of industry-wide collaboration in sustainability: “SIMONA’s work towards becoming sustainable doesn’t just stop at products—it extends to real efforts across all of our facilities to drive meaningful emission reductions. The SBTi validation keeps us on track and aligns us with the many other companies committed to measurable, science-based climate action.”

To achieve these ambitious targets, SIMONA AMERICA Group is implementing specific initiatives, including transitioning to green electricity, optimizing production processes, and increasing the use of sustainable raw materials. Additionally, efforts to integrate post-industrial and customer waste into new products further reinforce the company’s circular economy approach.

The Science Based Targets initiative (SBTi) was established in 2015 as a collaboration between the Carbon Disclosure Project (CDP), the United Nations Global Compact, the World Resources Institute (WRI), and the World Wildlife Fund (WWF). It provides companies with the framework to set rigorous emissions reduction targets in line with the latest climate science.

As SIMONA AMERICA Group continues to advance its sustainability strategy, the company remains committed to meaningful, science-backed actions that drive measurable impact for the environment and the industries it serves.

About SIMONA AMERICA Group

SIMONA AMERICA Group is a diversified manufacturer of high-quality thermoplastic products designed to provide innovative solutions and world-class customer service throughout the United States. As a subsidiary of SIMONA AG, the company is dedicated to sustainability, excellence, and advancing material technologies across multiple industries.

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SOURCE SIMONA AMERICA Group

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Walter P Moore receives ACEC California top award for CAA ICON’s Intuit Dome

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SACRAMENTO, Calif., Feb. 6, 2025 /PRNewswire/ — Last night, the American Council of Engineering Companies of California (ACEC California) announced that Walter P Moore has won the prestigious Golden State Award for their work on the Intuit Dome located in Inglewood, California.

Intuit Dome realized owner Steve Ballmer’s vision for the NBA Los Angeles Clippers to play in an iconic venue within a complex that houses all team functions under a single roof. The 18,000-seat arena is the NBA’s most environmentally friendly arena and benefits the Inglewood community year-round. The venue anchors a 1.14 million-square-foot facility including state-of-the-art practice and training facilities, team offices, fan gathering spaces, and indoor and outdoor basketball courts open to the public. The distinctive diagrid shell roof, covered in diamond-shaped ETFE and PTFE fabric panels, is designed to resemble a basketball net, making Intuit Dome stand out from other NBA arenas.

Walter P Moore’s team of structural, enclosure, seismic, and construction engineering specialists blended their expertise to optimize the roof geometry, connections, and panel layouts to achieve the goals of strength, beauty, and practicality. Seismic safety was a concern because the site is 1.25 miles from the Newport-Inglewood Fault.

The team created an elegant and ingenious solution that allows the light diagrid shell to behave independently from the much stiffer main arena structure that supports it during a seismic event. They connected the diagrid shell to the arena roof at its top and then laterally supported it at node points down its height with innovative toggle-brace connections. The toggle-braces provide lateral and gravity support while allowing the shell to “swish like a hula skirt” around the more rigid brace frame structure. Intuit Dome also features an enormous one-of-a-kind “Halo” board, a one-million pound, 360-degree, double-sided video board with retractable end pieces that are suspended from the roof, along with state-of-the-art rigging and catwalk systems that enhance the venue’s capabilities.

Intuit Dome is a fully electric facility with sufficient solar panels and batteries to power the arena for an entire concert or basketball game. It is the first NBA arena to achieve LEED Platinum certification under LEED v4. Walter P Moore reduced embodied carbon in the concrete by over 20 percent by collaborating with the concrete supplier to obtain supply-chain-specific Environmental Produce Declarations for all concrete mixes; as a result, the concrete is 50 percent more energy efficient than required by the California Green Building Code.

The complex opened on budget and three months ahead of schedule in July 2024.

Congratulations, Walter P Moore, for capturing ACEC California’s 2025 Golden State Award!

Photographs of all Engineering Excellence Award-winning projects can be found at: 2025 Engineering Excellence Award Winners – American Council of Engineering Companies of California

About Walter P Moore
Walter P Moore is an international company of engineers, innovators, and creative people who solve some of the world’s most complex structural and infrastructure challenges. Providing structural, diagnostics, civil, traffic, parking, transportation, enclosure, technology consulting, and construction engineering services, they design solutions that are cost- and resource-efficient, forward-thinking, and help support and shape communities worldwide. Founded in 1931 and headquartered in Houston, Texas, Walter P Moore’s 900+ professionals work across 24 U.S. offices and seven international locations. For more information, visit www.walterpmoore.com, or follow Walter P Moore on LinkedIn, X (Formerly Twitter), Facebook or Instagram.

About ACEC California
ACEC California is a 70+ year-old, nonprofit association of private consulting engineering and land surveying firms. As a statewide organization, we are dedicated to enhancing the consulting engineering and land surveying professions, protecting the general public, and promoting use of the private sector professionals in the growth and development of our state. Follow us on Social Media: Instagram | Facebook | X (Formerly Twitter) | LinkedIn 

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SOURCE American Council of Engineering Companies, California

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