A) Market Overview:
The global Field Programmable Gate Array (FPGA) market is estimated to be valued at US$6,958.2 million in 2021 and is expected to witness significant growth, exhibiting a CAGR of 8.9% over the forecast period (2022-2030). FPGAs are programmable integrated circuits that offer flexibility, performance, and reconfigurability. They have gained immense popularity due to their ability to provide customized hardware solutions for various applications. FPGAs can be rapidly programmed and rewired, making them an ideal choice for prototyping, development, and high-performance computing needs in industries such as telecommunications, automotive, healthcare, and aerospace.
B) Market Key Trends:
One key trend that is shaping the Field Programmable Gate Array (FPGA) market Growth is the increasing demand for Artificial Intelligence (AI) and Machine Learning (ML) applications. FPGAs are becoming essential components in accelerating AI algorithms, improving computational efficiency, and reducing power consumption. For example, FPGAs are widely used in data centers for AI training and inferencing tasks, enabling faster processing and real-time decision-making. Companies like Xilinx Inc., Intel Corporation, and Quicklogic Corporation are at the forefront of providing FPGA solutions specifically tailored for AI and ML workloads.
C) Porter's Analysis:
- Threat of New Entrants: The barrier to entry in the FPGA market is quite high due to the significant initial investment required for research and development, production facilities, and intellectual property. This limits the entry of new players, ensuring a competitive landscape dominated by established companies.
- Bargaining Power of Buyers: The demand for FPGAs is fairly high, with a limited number of suppliers in the market. Hence, buyers have limited bargaining power, as they cannot easily switch suppliers due to the complexity involved in adopting a new FPGA platform.
- Bargaining Power of Suppliers: FPGA manufacturers rely on a supply chain for raw materials, components, and semiconductor devices. The bargaining power of suppliers is moderate, with FPGA manufacturers having the ability to negotiate prices and find alternative suppliers if needed.
- Threat of New Substitutes: The threat of substitutes for FPGAs is low, as FPGAs offer unique advantages in terms of flexibility, reprogrammability, and performance compared to other semiconductor devices.
- Competitive Rivalry: The FPGA market is highly competitive, with key players such as Xilinx Inc. (AMD Corporation), Intel Corporation, Quicklogic Corporation, GOWIN Semiconductor Corporation, Microchip Technology Incorporated, and others constantly innovating and introducing new products and technologies to gain a larger market share.
D) Key Takeaways:
- The global FPGA market is expected to witness high growth, exhibiting a CAGR of 8.9% over the forecast period, driven by the increasing demand for customizable hardware solutions in various industries.
- Regionally, North America is anticipated to be the fastest-growing and dominating region in the FPGA market, thanks to a significant presence of key players, technological advancements, and a robust ecosystem supporting FPGA development.
- Key players operating in the global FPGA market include Xilinx Inc. (AMD Corporation), Intel Corporation, Quicklogic Corporation, GOWIN Semiconductor Corporation, Microchip Technology Incorporated, Lattice Semiconductor Corporation, Efinix Inc., and Achronix Semiconductor Corporation. These players invest heavily in research and development to introduce cutting-edge FPGA solutions, collaborate with industry partners, and expand their market presence.
In conclusion, the field programmable gate array market is witnessing rapid growth, driven by the increasing demand for customized hardware solutions and the integration of AI and ML technologies. With key players spearheading innovation and advancements in FPGA technology, the digital world is unlocking new possibilities for industries across the globe.
Market InsightsField-Programmable Gate Array is derived from programmable read-only memory (PROM) chips and are similar in principle.
global Field-Programmable Gate Array (FPGA) market is estimated at over USD 1,800 Mn.
The market is projected to witness a compound annual growth rate (CAGR) of 10.87% between 2018 and 2025.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/1019Field-Programmable Gate Array 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.
Moreover, the flourishing global automotive sector is placing high demand for FPGAs for a variety of applications.
Additionally, advanced FPGAs have the potential for new device integration which will affect the market positively by way of new opportunities.Key PlayersThe key players in the Field-Programmable Gate Array Market 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.Market SegmentationThe global Field-Programmable Gate Array market is segmented on the basis of technology, type, application, and region.
Overview:As per the latest report published by Market Research Future (MRFR), the global field-programmable gate array market is set to increase at a CAGR of 10.87% between 2020 and 2027.
In addition, the market is expected to surpass a valuation of USD 3,700 Mn by the end of the review period.
FPGAs are finding widespread application in sectors such as consumer electronics, automotive and IT & telecom.
For the medium term, the market prospects remain bright for FPGA.A range of modern electronic devices include wearables, laptops and smartphones have FPGA as an essential hardware component.
At the same time, increased focus towards increase network bandwidth boosting FPGA deployment.
Nevertheless, FPGA’s vulnerability to security threats remains a major concern.
