A field-programmable gate array (FPGA) is an integrated circuit designed to be configured by a customer or a designer after manufacturing. FPGAs provide advantages such as enhanced performance, flexibility, faster time-to-market, and lower manufacturing costs compared to application-specific integrated circuits (ASICs). FPGAs are being increasingly used for development and design of high-performance computing systems in applications such as space technology, artificial intelligence, and data centers. The global Field Programmable Gate Array Market is estimated to be valued at US$ 8251.88 Mn in 2023 and is expected to exhibit a CAGR of 8.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increasing demand for FPGA for development and design of high-performance computing systems has been a key trend driving the growth of field programmable gate array market. FPGAs allow quick prototyping of designs for HPC systems and also offer greater flexibility and programmability compared to ASICs. They are being extensively used as hardware accelerators for computational intensive applications such as deep learning and analytics. FPGA vendors are also focusing on developing high-performance devices with larger logic capacity and improved memory and transceiver interfaces to meet the computing demands of next-generation HPC systems. This is expected to further boost the adoption of FPGA solutions over the forecast period.
Segment Analysis
The global Field Programmable Gate Array market is divided into configuration, technology, node size, application and end-use. Considering technology, the flash-based FPGA segment currently dominates the market. Flash-based FPGAs provide high-density logic and I/O in smaller footprints with power consumption being an order of magnitude lower as compared to other technologies. With increasing demand for low power electronics, the flash-based FPGA segment is expected to continue dominating the market during the forecast period.
Key Takeaways
The global Field Programmable Gate Array market is expected to witness high growth over the forecast period. Regional analysis North America currently accounts for the largest share in the global field programmable gate array market owing to the presence of major players and high focus on technological advancements in the region. Europe is expected to grow at a high rate during the forecast period due to increasing demand for high computing power and connectivity across industries.
Key players operating in the Field Programmable Gate Array Market are Xilinx Inc. (AMD Corporation), Intel Corporation, Quicklogic Corporation, GOWIN Semiconductor Corporation, Microchip Technology Incorporated, Lattice Semiconductor Corporation, Efinix Inc. and Achronix Semiconductor Corporation. Xilinx Inc. develops and markets programmable devices and associated design software and intellectual properties. Intel Corporation offers a wide range of FPGAs including Arria series and Cyclone series targeting telecom, networking and industrial applications. Quicklogic Corporation focuses on providing ultra-low-power FPGAs for OEMs in medical, industrial and military sectors.
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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.
