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[English Market Research Report] Field Programmable Gate Array Market

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The global market size for Field Programmable Gate Arrays (FPGAs) reached 11.4 billion USD in 2022. Going forward, the IMARC Group forecasts a growth rate of 8.8% (CAGR) from 2023 to 2028, predicting it will reach 19.7 billion USD by 2028. FPGAs (Field Programmable Gate Arrays) are digital integrated circuit (IC) devices that consist of a matrix of Configurable Logic Blocks (CLBs) connected by programmable interconnects. Compared to Application-Specific Integrated Circuits (ASICs), they can be reprogrammed according to the application or functional requirements desired by the end user, providing a flexible and cost-effective approach. It is also possible to create custom chips with programmable logic elements arranged in various configurations. Currently, new variations of FPGA devices consist of memory blocks, programmable input/output (I/O), reprogrammable elements, processor cores, and other hardened blocks that do not require programming.

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