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.
The global field programmable gate array market is segmented on the basis of technology, type, application, and region. By type, the market is divided to include low-end FPGA, mid-end FPGA, and high-end FPGA. By technology, the market is categorized into EEPROM, SRAM, flash, anti-fuse, and others. By end-users, the market is segmented into automotive, consumer electronics, data center applications, military & aerospace, and others.
The Asia Pacific regional market dominates the global FPGA market due to the increasing penetration of smartphones and mobile devices in the region. The region is a manufacturing hub and is one of the key production markets in the global field programmable gate array market. The APAC market is witnessing the rapid growth of various industry verticals where FPGAs are used extensively, thus increasing market value for the region over the forecast period.
North America is another significant market, primarily due to the presence of various prominent market players who are responsible for the growth of the global FPGA market.
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