Selbyville, Delaware, Jan. 31, 2021 (GLOBE NEWSWIRE) --
According to latest report “Field Programmable Gate Array Market by Architecture (SRAM, Flash, Antifuse), Process Technology (<28 nm, 28 nm – 90 nm, >90 nm), Configuration (Low-range FPGA, Mid-range FPGA, High-range FPGA), Application (Consumer Electronics, Automotive, Industrial, Communications & Data Center, Aerospace & Defense), Regional Outlook, Price Trends, Competitive Market Share & Forecast 2027”, by Global Market Insights, Inc., the market valuation of field programmable gate array will cross $15 billion by 2027.
The rising integration of Bigdata analytics due to increasing demand for high-end data processing on cloud platform is creating a lucrative opportunity for the FPGA market growth. The FPGA devices can dynamically be reprogrammed to match the precise computational needs, enhancing the data processing capabilities in enterprise as well as cloud computing applications.
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The antifuse architecture demand is driven from the military sector owing to its several high-end features in comparison to Flash-based and SRAM architecture such as high-resistance to external temperature, compact size, and secured programmability. These features are increasing the demand for Antifuse FPGAs for applications in flight computers, radar control systems, and weapon systems in aerospace and defense sectors.
The >90 nm process technology segment held a field programmable gate array market share of around 10% in 2020. The revenue share of >90 nm process technology is anticipated to decline over the forecast period propelled by its high cost, larger footprint, and low performance compared to <90 nm process technologies. The >90 nm process technology has low operational efficiency and faces issues related to seepage power consumption. Adding to this, the increasing demand for compact-sized FPGAs in consumer electronics, healthcare, and automotive sectors will further restrain the segment growth in the coming years.
The FPGA market for mid-range FPGA configuration segment accounted for 35% of the revenue share in 2020 and is expected to witness 15% growth rate till 2027 led by high data security, compact design, greater performance, and high reliability of the devices. The mid-range FPGAs are suitable for operating in high-temperature environments, increasing their adoption in electric vehicles/battery electric vehicle (EV/BEV) applications. The mid-range FPGAs are integrated into power control units, electronic control unit (ECU), and battery management units in electric vehicles. The rising acceptance of electric vehicles across the U.S., Canada, China, and Germany is predicted to drive the market value.
The industrial application in the FPGA market will grow at a CAGR of over 15% through 2027 impelled by the proliferation of smart factories across developed economies. For instance, in June 2019, Schneider Electric launched its first smart factory in the U.S., which is based on ExoStructure platform, that leverages industrial internet of things (IIoT) technology to fuel process optimization. These smart factories are integrated with various robotics and automation equipment, such as human-machine interface, programmable logic controller, robotic arm, etc., increasing the usage of FPGA devices in smart factories. The proliferation of AI and robotic process automation (RPA) among industrial equipment will further increase the adoption of FPGAs in the market over the forecast timeline.
The Europe FPGA market held for more than 20% of revenue share in 2020 and is estimated to attain a CAGR of 12% during 2021 to 2027 on account of the increasing penetration of emerging 5G technology, which will create a lucrative demand for infrastructure development in the telecommunication sector in the region. According to European 5G Observatory, as of September 2020, 18 countries in EU-27 & UK have successfully commercialized 5G services in the region. To implement 5G communication, European telecom operators are poised to deploy FPGA-based devices, such as telecom servers, modulators, advanced antenna systems, and other base station equipment, spurring the market expansion.
Some of the key players operating in the FPGA market are Achronix Semiconductor Corp., Cologne Chip AG, Gidel, Xilinx, Microchip Technology, Texas Instrument Incorporated, Intel Corporation, and Cyprus Semiconductor Corporation, among others. The players are focusing on inorganic growth strategies, such as mergers, acquisitions, and collaborations, to stay competitive in the market.
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Some major findings of the Field Programmable Gate Array (FPGA) Market report include:
- Advanced Micro Devices (AMD) has emerged as the most prominent player in the market with the acquisition of Xilinx in October 2020; Xilinx has been the major supplier of FPGAs over the past few years. This will enable the company to expand its dominance more in the processor space seizing the data center industry growth opportunities.
- The proliferation of industrial robots will increase the acceptance of high-range FPGA in the market. According to the international Federation of Robotics 2020 report, 373,000 units of industrial robots were shipped globally in 2019. More than 2.7 million industrial robots are currently operating across various industries, fueling the high-range market.
- An increasing usage of ADAS and self-driving cars will boost the demand for FPGA devices. Stringent government regulations to mandate automotive safety systems, such as anti-lock braking system, electronic stability control, and blind-spot detection system in vehicles, will further accelerate the market demand.
- The commercialization of 7nm process technology-based FPGAs and development in 3nm/5nm process node integrations will create high opportunities for the <28nm process technology segment.
- The COVID-19 pandemic has resulted in prolonged lockdown and trade restrictions across the world, affecting the supply chain of raw materials and semiconductor components. This will hinder the field programmable gate array market growth for a short period.
- Rising investments for automation in several industries and the proliferation of emerging technologies, such as Artificial Intelligence (AI), machine learning, and Internet of Things (IoT), will augment the industry expansion for FPGA devices
- Favorable government initiatives supporting the semiconductor manufacturing industry in South Korea, Taiwan, China, India, and Japan will provide new growth opportunities for the market.
Table of Contents (ToC) of the report:
Chapter 3 Field Programmable Gate Array (FPGA) Market Insights
3.1 Industry segmentation
3.2 Impact analysis of corona virus (COVID-19) pandemic on FPGA market
3.2.1 Global outlook
3.2.2 Impact by region
3.2.3 Industry value chain
3.2.3.1 Research and development
3.2.3.2 Manufacturing
3.2.3.3 Marketing
3.2.3.4 Supply
3.2.4 Competitive landscape
3.2.4.1 Strategy
3.2.4.2 Distribution network
3.2.4.3 Business growth
3.3 Industry ecosystem analysis
3.3.1 Foundry suppliers
3.3.2 Manufacturers
3.3.3 Design & system integrators
3.3.4 Distribution channel analysis
3.3.5 Vendor matrix
3.3.6 End-use landscape
3.4 Technology & innovation landscape
3.4.1 Nanobridge-based FPGA
3.4.2 Developments in 10nm process technology
3.4.3 Hybrid FPGA
3.4.4 OpenCL Platform for easier programming interface
3.5 Regulatory landscape
3.6 Industry impact forces
3.6.1 Growth drivers
3.6.2 Industry pitfalls and challenges
3.7 Growth potential analysis
3.8 Porter’s analysis
3.9 PESTEL analysis
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About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.