India FPGA Market size is anticipated to grow at a CAGR of 14.9% during 2023-2029

High-End FPGA segment by configuration registered the highest revenue share in India FPGA Market – 6Wresearch

In 2022, High-End configuration FPGAs dominated the revenue share in India, driven by their extensive use in critical industries like telecommunications and Automobile. The Indian Automobile sector, contributing 7.5% to the GDP, is a key player in economic growth. The Advanced driver assistance systems are expected to grow at the CAGR of ~27% during the period 2022-2030 which is anticipated to positively impact the FPGA market as FPGA technology plays a crucial role in the development and implementation of sophisticated ADAS functionalities.

According to 6Wresearch, India FPGA Market size is anticipated to grow at a CAGR of 14.9% during 2023-2029. FPGAs play a pivotal role in the automotive sector, particularly in the integration of Advanced Driver Assistance Systems (ADAS). India has witnessed a notable surge in the incorporation of ADAS-equipped vehicles since late 2021, marking a significant trend in the automotive landscape. Consequently, the future trajectory of automotive production serves as a reliable barometer for assessing the performance of the FPGA market in the country. The introduction of the Bharat New Car Assessment Programme (BNCAP), effective from October 2023, has exerted considerable influence on car manufacturers in India. This safety rating system, designed to evaluate vehicle safety features, has prompted widespread adoption of ADAS systems.

Government initiatives, such as the Production Linked Incentive Scheme and the allowance of 100% Foreign Direct Investment (FDI) in the automotive sector, coupled with India's emergence as a global hub for automobile Research and Development (R&D), are poised to act as catalysts for the growth of FPGAs in the Indian automobile industry in the forecast period. Moreover, the ongoing establishment of new car manufacturing facilities by Original Equipment Manufacturers (OEMs) like Maruti Suzuki in Haryana and Mahindra in Pune is anticipated to play a pivotal role in advancing the ADAS market. Consequently, the growth of the ADAS market is intricately linked to the expansion of the FPGA market in India in the coming years. This convergence of regulatory impetus, industry competitiveness, and strategic investments positions FPGAs as integral components in the evolution of India's automotive landscape.

According to Shubham Depp, Senior Research Analyst, 6Wresearch, the 20-90NM Node Size FPGA would dominate the India FPGA market due to their optimal blend of performance and cost-effectiveness. With improved processing power and energy efficiency, these FPGAs cater to the evolving technological needs in India, making them a preferred choice across diverse applications such as telecommunications, automotive, and industrial automation.

The India FPGA Market (2023-2029) report provides an in-depth analysis with 26 figures and 6 tables, covered 70 pages. The report comprehensively covers the market by configuration, technology, and node size. The report provides a detailed as well as unbiased analysis of the ongoing drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per the latest and future market dynamics.