Market Research Future published a research report on “Field Programmable Gate Array (FPGA) Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
— Market Insights
Field programmable gate array (FPGA) is derived from programmable read-only memory (PROM) chips and are similar in principle. However, FPGA has a wider scope of applications. Market Research Future's analysis of the global Field Programmable Gate Array (FPGA) Market reveals healthy growth at a CAGR of 13% during the forecast period of 2017 to 2023. With applications across high-performance computing, integrated circuit design, medical, audio, automotive, aerospace and defense, and others, the FPGA Market is set to grow to reach USD 25 Bn by the end of 2023. The ability to program FPGAs after manufacture is a key factor which is vital to its flexibility and use in a wide variety of applications.
Field programmable gate arrays 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. The increased penetration of such devices is expected to lead to significant growth of the FPGA market. Moreover, the flourishing global automotive sector is placing high demand for FPGAs for a variety of applications. Rising use of FPGA across other industry verticals will lead the market toward consistent expansion over the forecast period. Additionally, advanced FPGAs have the potential for new device integration which will affect the market positively by way of new opportunities.
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Latest Industry News
• XILINX is preparing to launch its XDNN FPGA architecture called the Xilinx Deep Neural Network Inference device. The advent of AI is a key factor in the development of this offering.
• Gowin Semiconductor Corp has announced the manufacturing of its first FPGA SoC series which is dubbed LittleBee GW1NS-2.
The key players in the market of FPGA 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.
Field Programmable Gate Array (FPGA) Market - Segmentation
The Field Programmable Gate Array (FPGA) Market can be classified into 4 key segments for the convenience of the report and enhanced understanding;
• Segmentation by Type: Comprises high-end, mid end and low end.
• Segmentation by Technology: Comprises Static RAM, anti fuse technology and EPROM/EEPROM
• Segmentation by Application: Comprises consumer electronics, IT & Telecommunication, industrial, automotive, defence & aerospace and others.
• Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
Field Programmable Gate Array (FPGA) Global Market - Regional Analysis
Asia Pacific region is dominating the global field programmable gate array (FPGA) market with the largest market share and therefore accounting for astronomical amounts and is expected to grow over its previous growth records by 2022. Due to factors such as the increasing demand for consumer electronics is the key contributing factor leading to the dominance of FPGAs in the region. This demand in primarily driven by the presence of major consumer electronics players such as Samsung Electronics, LG Electronics, and Toyota Motor. This concentration of electronic manufacturers is due to the availability of low-cost labour and raw materials in the region. Also, the demand for logic and MCUs in the automotive segment will drive the growth of FPGA in the coming years.
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• Technology Investors
• System Integrators
• OEM Manufacturers
• Semiconductor equipment manufacturers
• Research Firms
• Government Agencies
• Raw Material supplies
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Source URL: https://marketersmedia.com/fpga-market-2019-global-size-share-sales-revenue-opportunities-development-status-competitive-landscape-future-plans-and-comprehensive-research-study-2023/88899364
Release ID: 88899364