Market Research Future Insights
According to market research future insights analysis, the global field programmable gate array market is expected to register a CAGR of 11.2% from 2022 to 2030 and hold a value of over USD 25.85 billion by 2030.
The demand for field programmable gate arrays (FPGAs) has increased due to their expanding use in security, network processing, and deep packet inspection. They are the chosen design for many applications needing significant data flow and streaming data processing because they have features like high compute density and low power consumption. Over the next few years, it is anticipated that the use of FPGAs in military and aerospace applications, such as waveform creation, image processing, and secure communication, has increase. FPGAs are utilized in military equipment such as sensors, radars, and electronic warfare systems to provide greater range, data processing, and electronic countermeasures. Companies are constantly innovating and creating field-programmable gate arrays for military purposes as more nations concentrate on bolstering their military infrastructures. For example, Xilinx, Inc. introduced the Kintex and Virtex portfolio of defense-grade field programmable gate arrays for military and space applications in November 2018. These circuits are built to survive extreme conditions, contain anti-counterfeiting characteristics, and offer security and dependability of operation.
Field Programmable Gate Array Market Key Players
Some key market players are
- Achronix Semiconductor Corp.
- Lattice Semiconductor Corp
- Efinix, GOWIN Semiconductor Corp.
- Flex Logix Technologies Inc.
- Intel Corp
- Menta
- Quick Logic Corp.
- Microchip Technology Inc.
- Xilinx Inc., and others.
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Report Scope:
Report Attribute/Metric | Details |
Market Size in 2030 | USD 25.85 billion |
Growth rate: | CAGR of 11.2% from 2022 to 2030 |
Forecast Period | 2022-2030 |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Field Programmable Gate Array Market USP Covered
Field Programmable Gate Array Market Regional Analysis
Asia Pacific dominated the market for field programmable gate arrays in 2021. The projected expansion of the sector is fueled by several factors, including the increasing use of smart and portable electronic devices, altering technology advancements like the emergence of 4G and 5G, and increased Internet penetration. Major semiconductor foundries that would offer manifestation services to FPGA companies are well-represented in the region. The telecommunications, industrial, automotive, electronic products, and computer sectors are predicted to be the market drivers for FPGAs in APAC. The growing popularity of factory automation in APAC has also increased the need for FPGAs. Machine-to-machine (M2M) communication and the Internet of Things (IoT) have accelerated the company's growth.
North America is expected to register lucrative growth in the field programmable gate array market. The region experienced tremendous growth within the region because of its thriving auto sector. The U.S.-Mexico-Canada Agreement (USMCA) was officially signed in November 2018, according to the Semiconductor Industry Association (SIA). The USMCA promotes free trade, ensuring that more American-made technology products, such as semiconductors, can be sent to customers worldwide. Over the upcoming years, these contracts has been to fuel Field Programmable Gate Array Market expansion.
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Field Programmable Gate Array Market Segmentation
The global field programmable gate array market has been segmented into architecture, configuration, and application.
Based on architecture, the Field Programmable Gate Array Market has been segmented into anti-fuse, SRAM, flash, and others. The SRAM segment accounted for the largest share of the market in 2021 because it gives varied applications greater flexibility, programmability, high integration, and high performance. The widespread use of SRAM-based field programmable gate arrays in telecom and wireless communication systems, consumer goods, and the military and aerospace industries is a factor in the segment's expansion. On the other hand, the anti-fuse segment is anticipated to be the fastest-growing segment during the forecast period. Owing to the faster boot time and higher reliability.
Based on the configuration, the Field Programmable Gate Array Market has been segmented into high-range, low-range, and mid-range FPGA. Low-range FPGA accounted for the largest revenue share in 2021 in the field programmable gate array market. It decreases the complexity of the chip and has a logically low density and energy consumption. Some application fields include consumer electronics, image analysis, commercial, automotive, and electronic networks. High-range FPGA was the fastest growing. Due to increased product developments and investments in this process technology, a high growth rate is anticipated over the ensuing years.
Based on end-user, the Field Programmable Gate Array Market has been segmented into consumer electronics, telecommunication, industrial, aerospace and defense, automotive, and others. The telecommunication segment accounted for the largest revenue share in 2021 in the field programmable gate array market. Field programmable gate arrays (FPGAs) are widely used in the wireless and telecommunications industries for various applications, including data packet switching, packet processing, and optical transport networks. Additionally, they offer bandwidth to telecom service providers so they can create compatible networks, from 3G to LTE and beyond. The introduction of 5G networks is anticipated to accelerate FPGA growth from 2020 to 2027 because they provide low-cost, programmable hardware accelerators, high-speed switching, and low-latency operation. Aerospace and defense was the fastest-growing segment. The development of embedded FPGAs, which offer even better integration, dependability, and low power options than conventional FPGAs, has notably benefited the aviation and defense industries.
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