The global Field Programmable Gate Array (FPGA) market is expected to see enormous growth over the forecast period (2020 – 2030). The FPGA market was evaluated at USD 9 billion in 2019. The market is expected to grow at a swift speed, with a CAGR (Compound Annual Growth Rate) of 11.2% in the coming years. The market value is anticipated to reach around USD 25.85 billion by the end of the year 2030.
A Field Programmable Gate Array refers to an integrated circuit that helps deploy logical functions. It uses pre-developed routing channels and gate array logic blocks to deploy custom hardware operations. However, these blocks vary according to the system developer.
In an FPGA field, large devices for system design. For the control functionality or interfacing, only small devices are used. The Field Programmable Gate Array is a semiconductor device. It can be programmed as per the needs of the consumer. It can be applied in almost every sector, mainly the IT & telecommunication sector. The Field Programmable Gate Array (FPGA) market share is expected to witness tremendous heights in the years to come.
After the impact of Covid-19 across the globe, many large-scale businesses and industries suffered, except healthcare and life support products. The lockdown and physical distancing protocols also affected many small and big business institutions alike. Likewise, the FPGA market too saw a decline since the pandemic. The businesses have very little capability to grow further.
However, businesses are trying to adapt to the protocols of the pandemic to revive their sales. They need to plan and execute according to the expectations of the consumer. The Covid-19 impact is expected to fade very soon, and the businesses may be able to revive their sales across the globe. It is anticipated that most markets will grow at a high CAGR at the beginning of 2022.
A few factors drive the growth of the FGPA market. One of the most important factors among them is the huge demand for power-efficacy around the globe. Moreover, 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.
In the IT and telecommunication sector, there is an increasing demand for Field Programmable Gate arrays. Moreover, the propriety operation of the array helps increase its utility in the IT & telecommunication sector. These are some opportunities for the application of FPGA around the world.
There may be a few factors that inhibit the growth of the global Field Programming Gate Array (FPGA) market size. The Antifuse and Flash FGPA technologies are robust and are expected to be applied in many areas around the globe. However, EEPROM systems may face a downfall because of new advanced innovations in technology. Hence this may hinder the global market growth.
Cumulative Growth Analysis:
The global Field Programmable Gate Array market is expected to see enormous growth over the forecast period (2022 – 2027). The FPGA market was evaluated at USD 9 billion in 2019. The market is expected to grow at a swift speed, with a CAGR of 10.87% in the coming years. The market value is anticipated to reach around USD 18.8 billion by the end of the year 2027.
The demand for Field Programmable Gate Array is increasing by the day globally. It is widely applied in networking and telecommunication sectors such as Optical Transport Network (OTN). It is also applied in packet switching and processing. A Field Programmable Gate array is also used to deliver propriety operation and connections in merchant silicon machines. It also aids in developing digital circuits.
FPGA also delivers faster processing and quicker responsiveness compared to other latest microprocessors. Hence, it helps increase the overall performance of networks and devices. Moreover, programmable gate arrays can be reprogrammed or reused. So it is reliable and flexible for application in the IT & telecommunication sector.
The global Field Programmable Gate Array market is divided into various segments such as technology, node size, configuration, and application. Given below are the important Field-Programmable Gate Array market segments:
Based on region, the global Field Programmable Gate Array market is divided into North America, Europe, Asia Pacific, and Middle East & Africa. Among them, Asia Pacific is anticipated to dominate the market during the Field Programmable Gate Array (FPGA) market forecast.
Asian countries such as China, India, Japan, and South Korea have fueled the demand for consumer electronics. Hence, this will lead to the growth of the FPGA market in this region in the coming years. Next in line is expected to be North America. This region has most of the key players of the market which are experiencing many collaborations and expansions. Europe may also witness constant market growth.
The FPGA market is dominated by a few companies that play a vital role in the growth of the market. These Field Programmable Gate Array technology companies are called key companies. They contribute to the largest share of the market profit. The key companies contribute to the growth of the market by adopting many Field Programmable Gate Array (FPGA) market trends. They offer FPGAs with higher reliability, processing speed, and security.
This report caters to all information about the growth of the global Field Programmable Gate Array market over the forecast period. There are different sections presented that help to get in-depth information such as opportunities, challenges, drivers, Covid-19 analysis, regional analysis, competitive landscape, and others. All the information is collected from reliable primary and secondary sources to provide the expected details of the FPGA market analysis.
|Market Size||USD 25.85 billion|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Configuration, Node Size, Technology, Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Microchip Technology Inc., Cypress Semiconductor Corporation, Lattice Semiconductor, QuickLogic Corp., Achronix Semiconductor Corporation, Texas Instruments Incorporated, Teledyne Technologies Incorporated, Xilinx Inc., and Intel Corporation|
|Key Market Opportunities||In the networking and telecom system, there is a huge need for a field-programmable gate array and its feature of proprietary functionality helps in rising the application of FPGA in the telecom sector.|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The global market for field-programmable gate array technology (FPGA) is anticipated to account for a substantial revenue generation of over USD 18 billion by 2024, expanding at a considerable CAGR of 11.2% over the review period (2020-2030).
The major market players operating in the global field-programmable gate array (FPGA) market include Microchip Technology Inc., Cypress Semiconductor Corporation, QuickLogic Corp., Lattice Semiconductor, Achronix Semiconductor Corporation, Texas Instruments Incorporated, Teledyne Technologies Incorporated, Xilinx Inc., and Intel Corporation, and among others.
The global Field-programmable gate array (FPGA) market segmentation is conducted based on application, configuration, node size, and technology.
The geographical analysis of the global Field-programmable gate array (FPGA) market is conducted in four major regions, including the Asia Pacific (APAC), North America, Europe, and the rest of the world (covering the Middle East and Africa, and Latin America).
The North American region in the global Field-programmable gate array (FPGA) market is expected to lead the market share over the assessment period, while the report predicts the fastest growth in the Asia Pacific.