Field Programmable Gate Array Market Forecasts to 2028 – Global Analysis By Node Size (Baggage Less Than 28 mm, 28 to 90 mm, More Than 90 mm and Other Node Sizes), Configuration (Low-End FPGA, Mid-Range FPGA, High-End FPGA and Other Configurations), Technology, Application, End User and By Geography
According to Stratistics MRC, the Global Field Programmable Gate Array Market is accounted for $8.0 billion in 2022 and is expected to reach $19.6 billion by 2028 growing at a CAGR of 16.19% during the forecast period. A field-programmable gate array (FPGA) is an integrated circuit designed to be configured by a customer or a designer after manufacturing. It helps to deploy logical functions. It uses pre-developed routing channels and gate array logic blocks to deploy custom hardware operations. The chip can be programmed and re-programmed if there is a necessity for upgrading. The users can customize the circuits according to their needs. It helps in reducing the cost involved in buying a new machine with the change in process. FPGA is flexible, efficient, requires less power than microprocessor, needs less development time and incurs less non-recurrent cost. The design is simple and attributable to software which handles more placements, timing and routing.
According to the State of the IoT report, the number of IoT connection devices surpassed the number of non-IoT connection devices for the first time. Out of the 21.7 billion active connected devices worldwide, 11.7 billion (or 54%) were IoT device connections. This number is expected to be over 30 billion, nearly 4 IoT devices per person on average.
Market Dynamics:
Driver:
Huge demand for power-efficiency
FPGA offers high-performance IC designs. They also deliver growing services of bandwidth for several service operators to create networks. AI, 5G wireless networking, data centers and edge computing may also aid in market growth. These circuits have anti-counterfeiting features. They attain higher range, data processing and electronic counter measures. Thus, the huge demand for power-efficiency around the globe is fuelling the demand of the FPGA market.
Restraint:
Lack of innovations in technology
EEPROM systems may face a downfall because of lack of innovations in technology. The antifuse and flash FPGA technologies are tough and are expected to be applied in many areas around the globe. They depend mainly on the debugging of their components. They need formal property checking and assertion based verification which requires good technology. They need verification techniques to reduce their development cycle time and incorporate technological advancements which are hampering the growth of the market.
Opportunity:
Increased adoption of FPGAs
Several cloud service providers are deploying field programming gate arrays to accelerate service-oriented tasks such as network encryption, deep learning, memory caching, webpage ranking, high-frequency trading and video conversion. Customer uses field programmable gate arrays coprocessor in the EC2 F1 virtual machine for customer hardware accelerations. FPGA serves as an Infrastructure-as-a-Service (IaaS) resource to cloud customers. Its ability to withstand harsh environments and provide security and reliability of operation is driving the growth of the market.
Threat:
Security vulnerabilities
Potential security threats due to hidden bugs in FPGAs are hindering the growth of the market. They have a re-programmability feature unless traditional hardware chips and ICs. These features are becoming vulnerable due to security attacks. Some hidden bugs in the hardware are leading hackers to steal important data and get complete access to control the chipset. These are affecting the functionality and application features of the programme and threatening the market growth.
Covid-19 Impact
Covid-19 has a huge impact across the globe. Many large-scale businesses and industries suffered, except healthcare and life support products. The lockdown protocols also affected many small and big business institutions. The FPGA market too saw a decline since the pandemic. The businesses have very little capability to grow further. However, the post pandemic bought a raise in automotive and aeronautics sector which require FPGA segment in huge base. This brought a capability to grow the market.
The SRAM segment is expected to be the largest during the forecast period
The SRAM segment is estimated to have a lucrative growth, due to its better flexibility, re-programmability, high integration and high performance for various applications. It is widely adopted in military, aerospace, telecom and wireless communication systems and consumer goods. The faster boot time and higher reliability is expected to witness significant growth of the market during the forecast period.
The flash segment is expected to have the highest CAGR during the forecast period
The flash segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the embedded vision system. They provide improved display and sensor bridging, which is mandatory for the automotive, industrial, consumer and computing applications. It is non-volatile in nature, more flexible with respect to application requirements and less power consuming which is witnessing the sluggish growth in the market.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to relentless investments and initiatives undertaken by the government to augment the industry growth. This region has set up a government-backed semiconductor fund to nurture its national chip industry. This initiative focuses on developing FPGAs, core processing units and memory chips to create new opportunities in the market.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to its flourishing automobile industry. This region ships products like semiconductors to clients worldwide by encouraging free trade. There is also a boost in the automobile, industrial and aerospace sector. Expansion of data centers in the region is expected to significantly cater to market growth.
Key players in the market
Some of the key players profiled in the Field Programmable Gate Array Market include Microchip Technology Inc, Lattice Semiconductor Corporation, Taiwan Semiconductor Manufacturing Company, Achronix Semiconductor Corporation, Atmel Corporation, Texas Instruments Incorporated, Microsemi Corporation, Xilinx Inc, Cypress Semiconductor Corporation, Cobham Plc, Teledyne Technologies Incorporated, Intel Corporation, United Microelectronics Corporation , Quick Logic Corporation, Efinix Inc, Flex Logix Technologies, S2C, GOWIN Semiconductor Corporation and Altera Corporation.
Key Developments:
In March 2022, Quick Logic Corporation teamed with Sky Water Technology to make a ""fast boot"" rad-hard eFPGA IP available to users of Sky Water's 90 nm rad-hard (RH90) process. This technology can be embedded as an IP core in ASIC and SoC devices or implemented as a custom rad-hard FPGA for mission-critical and/or ruggedized applications.
In February 2022, AMD and Xilinx announced entering a definitive agreement for AMD to acquire Xilinx in an all-stock transaction valued at USD 35 billion. This will help expand the breadth of AMD's product portfolio and customer set across diverse growth markets. Joining AMD will accelerate growth in Xilinx's data centre business and enable it to pursue a broader customer base across more markets.
Node Sizes Covered:
• Less Than 28 mm
• 28 to 90 mm
• More Than 90 mm
• Other Node Sizes
Configurations Covered:
• Low-End FPGA
• Mid-Range FPGA
• High-End FPGA
• Other Configurations
Technologies Covered:
• Antifuse
• EEPROM
• SRAM
• Flash
• Other Technologies
Applications Covered:
• 3G
• 4G
• LTE
• WiMax
• Other Applications
End Users Covered:
• IT & Telecommunication
• Consumer Electronics
• Data Processing
• Automotive
• Industrial
• Military & Aerospace
• Other End Users
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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