Dublin, Oct. 31, 2023 (GLOBE NEWSWIRE) -- The "FPGA Security Market - Forecasts from 2023 to 2028" report has been added to ResearchAndMarkets.com's offering.
The global FPGA security market is set to exhibit substantial growth at a compound annual growth rate (CAGR) of 8.34% during the forecast period. This growth is primarily attributed to the increasing deployment of integrated circuits in the telecommunications sector and the encryption of field-programmable gate arrays (FPGAs) to enhance security. Factors such as the expansion of the telecommunications industry and the rising prominence of cloud computing further contribute to market growth.
Quick Summary
In an ever-evolving world of technological advancements, the FPGA security market is experiencing significant growth. With a rise in data security requirements in the rapidly expanding Telecom sector and the advent of cloud technology, there is a burgeoning demand for FPGA security. The versatility of FPGAs allows for multiple functionalities like data packet switching and data transmission security. An added advantage of FPGA security lies in its adaptability to innovative technological solutions addressing its vulnerability to hardware flaws and providing robust security against data theft.
While the industry faces challenges due to hardware security vulnerabilities, market leaders continue to push boundaries through product developments like Rapid Silicon's AI-based tool for accelerated FPGA design and Intel's Agilex FPGAs. With Asia-Pacific being a crucial market due to its massive electronics and semiconductor industry, the FPGA security market's growth trajectory is set for an upward momentum across the globe.
Market Insights:
- Telecommunications Sector Boosts Demand: The telecommunications industry's need for secure communication drives the demand for FPGA security. This industry is expanding globally due to infrastructure developments and significant investments. New technologies like artificial intelligence and advanced computing contribute to this growth.
- Cloud Computing Spurs Market: The rapid growth of cloud computing and data centers has elevated the demand for data security. FPGAs enhance data center security and data transmission processes. Consequently, there's a notable increase in demand from this sector, leading to revenue growth for key businesses in the market.
- Security Vulnerabilities is a Challenge: Vulnerabilities to security attacks due to hardware flaws represent a significant challenge for the FPGA security market. These vulnerabilities can expose chips to hackers, risking the theft of sensitive data. However, the programmability of FPGAs enables technological innovations in security and encryption to enhance security levels.
Market Developments:
- In April 2023, Rapid Silicon introduced an AI-based tool called RapidGPT, designed to aid FPGA code completion, streamlining the design process and improving efficiency.
- In March 2023, Intel launched its Agilex 7 FPGAs, equipped with the fastest FPGA transceivers available, catering to bandwidth-intensive operations like data centers.
- The Asia-Pacific region is anticipated to hold a significant market share due to its established semiconductor and electronics industries, notably in countries like China, India, South Korea, China, and Japan.
Market Segmentation
The market is segmented based on configuration, size, architecture, end-user industry, and geography.
- Configuration: Low-end FPGA, Mid-range FPGA, High-end FPGA.
- Size: <28 nm, 28-90 nm, >90 nm.
- Architecture: SRAM-based FPGA, Anti-fuse-based FPGA, Flash-based FPGA.
- End-User Industry: IT & Telecommunication, Aerospace & Defense, Manufacturing, Others.
- Geography: North America, South America, Europe, Middle East and Africa, Asia Pacific.
The global FPGA security market is poised for substantial growth, driven by increasing demand from the telecommunications sector, cloud computing, and the ongoing focus on enhancing data security through advanced technology and encryption.
Key Topics Covered
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. FPGA Security Market by Configuration
6. FPGA Security Market by Size
7. FPGA Security Market by Architecture
8. FPGA Security Market by End-user Industry
9. FPGA Security Market by Geography
10. Competitive Environment and Analysis
11. Company Profiles
- Xilinx, Inc.
- Intel Corporation
- Microchip Technology Inc.
- Lattice Semiconductor Corporation
- QuickLogic Corporation
- Efinix Inc.
- Flex Logix Technologies
- GOWIN Semiconductor Corporation
- Achronix Semiconductor Corporation
- Microsemi Corporation
- S2C, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/g82b0s
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