Market Insights
Field programmable gate array (FPGA) is derived from programmable read-only memory (PROM) chips and are similar in principle. However, FPGA has a wider scope of applications. Market Research Future’s analysis of the global Field Programmable Gate Array (FPGA) Market reveals healthy growth at a CAGR of 10.87 during the forecast period of 2018 to 2025. With applications across high-performance computing, integrated circuit design, medical, audio, automotive, aerospace and defense, and others, the FPGA market is set to grow to reach USD 25 Bn by the end of 2023. The ability to program FPGAs after manufacture is a key factor which is vital to its flexibility and use in a wide variety of applications.
Field programmable gate arrays owe their consistently expanding market size to a variety factors, the leading of which is the technology’s wide scope of application for avionics & communications among others in aerospace & defence, speech recognition & software defined radio in audio, image processing, & automotive infotainment in automotive and various other vital applications across a variety of industries. Increasingly, FPGAs are being adopted in smartphones, mobile devices, and wearable devices. The increased penetration of such devices is expected to lead to significant growth of the FPGA market. Moreover, the flourishing global automotive sector is placing high demand for FPGAs for a variety of applications. Rising use of FPGA across other industry verticals will lead the market toward consistent expansion over the forecast period. Additionally, advanced FPGAs have the potential for new device integration which will affect the market positively by way of new opportunities.
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The Global Field Programmable Gate Array (FPGA) Market: Segmental Analysis
The global field programmable gate array (FPGA) market has been segmented on the basis of type, technology, and application. Based on type, the global field programmable gate array (FPGA) market has been segmented into low-end FPGA, mid-end FPGA, and high-end FPGA. Based on technology, the global field programmable gate array (FGPA) market has been segmented into SRAM, EEPROM, flash, anti-fuse, and others. Based on end-user, the global field programmable gate array (FPGA) market has been segmented into consumer electronics, telecommunications, data center applications, automotive, military and aerospace, and many others.
Key Players
The key players in the market of FPGA are- XILINX INC. (U.S.), Intel (U.S.), Microsemi Corporation (U.S.), Achronix (U.S.), e2v (U.K.), Lattice Semiconductor (U.S.), QuickLogic (U.S.), Atmel (U.S.), Nallatech (U.S.) among others.
The Global Field Programmable Gate Array (FPGA) Market: Regional Analysis
Geographically, the global field programmable gate array market has been segmented into four major regions such as Europe, Asia Pacific, North America, and the rest of the world. Easy adoption of advanced technology, increased demand, and supply of consumer electronics that are embedded with advanced features, increased penetration of smartphones, and advancement of communication technology are propelling the growth of the field programmable gate array market in the North America region. Increasing availability of smartphones at affordable prices, rapid expansion of consumer electronics industry as a result of high demand for customizable electronic devices, improved internet connectivity and development of information technology and telecommunication industry are fueling the growth of the field programmable gate array market in the Asia Pacific region. Increased manufacturing activities of electronic devices due to the availability of cheap labor and cheaper raw materials is also contributing to the expansion of the field programmable gate array market in the Asia Pacific region.
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Latest Industry News
- XILINX is preparing to launch its XDNN FPGA architecture called the Xilinx Deep Neural Network Inference device. The advent of AI is a key factor in the development of this offering.
- Gowin Semiconductor Corp has announced the manufacturing of its first FPGA SoC series which is dubbed LittleBee GW1NS-2.
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