The global field programmable gate array market size is anticipated to reach USD 18.8 billion by 2027, registering a CAGR of 9.7% over the forecast period, according to a new report by Grand View Research, Inc. The increased adoption of field programmable gate array (FPGA) across networking, data center, and Internet of Things (IoT) is projected to drive the industry growth over the forecast period.
Growing
application of the FPGAs in the aerospace and military sector to develop drone
systems for flight control, sensor interfacing, and image processing is driving
the industry growth. Flash-based field programmable gate arrays are resistant
to radiation-induced configuration shocks and also offer efficient
functionality at high altitudes. The flash segment is anticipated to witness a
substantial growth over the forecast period, owing to their abilities of
consuming less power and delivering security, safety, and reliability
throughout the design and deployment process.
Companies
are largely seen to be leveraging the power of field programmable gate arrays
to develop Artificial Intelligence (AI) based solutions for
automotive applications. For instance, in June 2018, Xilinx, Inc. collaborated
with Daimler AG to help the deep learning professionals from the
Mercedes-Benz R&D centers for developing AI algorithms on the Xilinx
adaptable acceleration platform. The automotive segment is likely to fully
exploit the capacities of the FPGAs for deploying neural networks for
intelligent vehicle systems and optimizing battery management, power
conversions, and electric motor control systems of the Electric Vehicles (EV)
and Hybrid-Electric Vehicles (HEV).
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Field Programmable
Gate Array Market Report Highlights
- The FPGA market is
anticipated to witness a noteworthy growth over the forecast period owing
to increased usage of FPGAs in EVs, vehicle networking and connectivity,
self-driving cars, and automotive infotainment.
- The SRAM technology segment
is expected to witness significant growth over the forecast period owing
to its features including greater logic density, better performance,
non-volatility, and its manufacturing simplicity.
- The FPGAs used in the
consumer electronics sector generated a revenue of over USD 1.0 billion in
the year 2019, due to growing adoption of digital displays, televisions,
cameras and camcorders, eReaders, and set-top boxes for
households.
- The Asia Pacific region is
expected to witness a substantial growth from 2020 to 2027 due to increase
in sale of consumer electronics, especially smartphones, in countries like
China and India, and growing number of data centers in the region.
- Xilinx, Inc.; Intel
Corporation, Microsemi Corporation; Texas Instruments; Lattice
Semiconductor Corporation; and Taiwan Semiconductor Manufacturing Company
are some of the key players in the FPGA market.
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Field Programmable
Gate Array Market Segmentation
Grand View Research has segmented
the global field programmable gate array market on the basis of technology,
application, and region:
FPGA Technology
Outlook (Revenue, USD Million, 2016 - 2027)
- SRAM
- EEPROM
- Antifuse
- Flash
- Others
FPGA Application
Outlook (Revenue, USD Million, 2016 - 2027)
- Consumer Electronics
- Automotive
- Industrial
- Data Processing
- Military & Aerospace
- Telecom
- Others
FPGA Regional
Outlook (Revenue, USD Million, 2016 - 2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- India
- Japan
- South America
- Brazil
- Middle East & Africa
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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