Field Programmable Gate Array Market to Witness Robust Expansion by 2025

Stratview Research has recently published a report on Field Programmable Gate Array Market segmented by Size, Share, Trend, Forecast, & Industry Analysis – 2020-2025. The objective of the market experts at Stratview Research is to conduct a thorough analysis of the ‘Field Programmable Gate Array’ and put a detailed knowledge about the industry and business attractiveness, revenue, market size, segmentation, growth and restraining factors so that the user gets in depth information about the industry and the business from a past, current and a future perspective and can potentially invest capital for further growth.

Additionally, the report covers a variety of established and emerging start-ups and organisations operating in the industry. As a result, the report provides a comparative analysis by presenting the user with various aspects of the markets discussed in the report.

Covid-19 Analysis –

Nationwide lockdowns have impacted, and halted productions, supply of raw materials sourcing disruption has affected the balance in the supply of finished products. This report aims to cover all the aspects of how the pandemic has affected the business in the Field Programmable Gate Array market and how has the subsequent lockdowns inflamed the industry scenario and what are the areas that needs urgent action and re-planning.

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Segment-wise analysis

The report encompasses in-depth segmentations like regional segmentation, segmentation by product types, application-wise segmentation, geographical segmentation and thereby gives the user an overview of the effectiveness of the segmentation by various classes.

Based on the technology type, the market is segmented as SRAM, EEPROM, antifuse, flash, and others. The SRAM (Static Random-Access Memory) segment held the largest share of the market in 2019. The dominance of the segment is mainly because it offers better flexibility, re-programmability, high integration, and high performance for various applications. SRAM-based field programmable gate arrays are widely adopted for aerospace & defense, telecom and wireless communication systems, and consumer goods applications which is contributing a healthy growth in the market.

Based on the application type, the field programmable gate array market is segmented as consumer electronics, automotive, industrial, data processing, aerospace & defense, telecom, and others. The telecom segment held the largest share of the market in 2019. The dominance of the segment is mainly due to vast usage of field programmable gate arrays in wireless communication and telecommunication applications for applications such as data packet switching, packet processing, and optical transport network. Advent of 5G network is likely to drive the growth of the segment as it offers configurability, flexible hardware accelerators, high-speed switching, and low latency operation at low costs.

In terms of regions, Asia-Pacific is estimated to be the largest market during the forecast period, with China, India, and Japan being the countries with lucrative growth opportunities. The growth of the region’s market is mainly driven by the presence of major semiconductor foundries such as Taiwan Semiconductor Manufacturing Company, Limited (TSMC), United Microelectronics Corporation (UMC), and Samsung Foundries in the region. The dependency of various industries on data centers and cloud-based computing technology is also contributing to the growth of the region’s market. The initiatives undertaken by countries to deploy 5G networking services in the region is a key growth factor for the market.

Market Insights

Field programmable gate array market is likely to witness an impressive CAGR of 8.9% during the forecast period. Increasing demand for advanced driver-assistance systems (ADAS), along with the growth of IoT, and faster time-to-market of FPGA than ASIC is the prime factor contributing to the demand for field programmable gate arrays. Growing demand for extensive computation including the increasing application of FPGAs for cloud computing and data processing in data centers are also one of the key growth factors. Rise in the demand for optimization in Big Data analytics is also one of the key drivers for the market, leading search engines, such as Google, and firms, such as Amazon and Walmart, which stem consumer insights based on Big Data analytics, are increasing their dependence on FPGAs. Additionally, increase in demand for smartphones and implementation of FPGA in mainstream embedded computing to build complex mission-critical systems are also creating heavy opportunities in the market.

Key Players in the Field Programmable Gate Array Market

The following are the key players in the Field Programmable Gate Array market.

Cobham Limited Intel Corporation Xilinx, Inc. Microchip Technology Inc. Cypress Semiconductor Corporation Lattice Semiconductor Corporation Achronix Semiconductor Corporation Quick Logic Corporation Taiwan Semiconductor Manufacturing Company, Limited Texas Instruments Inc.

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