Ocean View, DE -- (SBWIRE) -- 06/26/2020 -- FPGA market size is forecast to surpass the USD 13 billion mark by 2026. Additionally, these devices are being increasingly adopted by automotive manufacturers & OEMs to develop efficient safety systems, such as collision avoidance systems, Advanced Driver Assistance Systems (ADAS), adaptive cruise control. Due to their programmable nature, FPGAs have an expansive range of application, including aerospace & defense, automotive, data center, medical, industrial, consumer electronics, wired & wireless communication, video & image processing etc.
FPGA (Field Programmable Gate Array) is a semiconductor device that is widely used in electronic circuits. These devices can be reprogrammed as per desired application or functionality requirements. FPGA systems offers low latency connection as well as customized high bandwidth for network and storage systems. Growing demand for storage systems in data centers for highly efficient servers may also change business outlook.
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Some of the major findings in the FPGA market report include:
- Adaptable acceleration in data centers for storage systems and highly efficient servers is projected to drive the market growth. FPGA offers low latency connection and customized high bandwidth for network and storage systems.
- FPGA chips are majorly adopted in industries owing to their ability to market faster and provide cheaper solutions for low to medium volume production compared to Application-specific Integrated Circuits (ASIC), which is more expensive and time-consuming.
- The increasing demand for artificial intelligence and machine learning is likely to boost the market growth
- The introduction of nano bridge FPGA is projected to heighten the market growth owing to technical advancements, such as offering high density, which reduce the area occupied by the logic circuit
- Europe is largely focusing on industry 4.0 technology to increase the manufacturing process and productivity. This will positively influence the demand for FPGA in the region.
- Prominent companies present in the industry are Intel Corporation, Xilinx, Achronix Semiconductor Corp., Altera Corporation, Cypress Semiconductor, Microsemi Corporation, Texas Instruments, and Aeroflex, Inc., where Xilinx and Intel Corporation hold the majority of the market share.
The FPGA market in China is growing at a fast pace owing to the presence of established automotive and consumer electronics players in the region. Furthermore, companies, such as Alibaba, Samsung, Xinhua, etc., in this region are heavily investing in AI, contributing to the demand growth for these chips. For instance, in February 2019, Xinhua introduced the world's first AI news anchor. These advancements are likely to boost the market for FPGA in the region. Moreover, in July 2017, China launched the "New Generation Artificial Intelligence Development Plan", which emphasized to develop the AI industry by investing approximately USD 150 billion by 2030. It targets eight major applications including service robots and smart cars with a wide variety of chips, such as GPU, FPGA, ASIC, and CPU, employed in them.
The growing innovation in wireless communication will contribute to the FPGA market growth in 4G/5G waveform coexistence, non-contiguous carrier aggregation, and processing of centralized Cloud Radio Access Network (C-RAN). It uses dynamic partial reconfiguration that offers higher flexibility in design time and runtime suitable for 5G architecture. Moreover, these devices are increasingly being adopted by automotive manufacturers and OEMs to build efficient safety systems, such as adaptive cruise control, collision avoidance systems, and Advanced Driver Assistance Systems (ADAS), making them more scalable. They also require the least hardware modifications for system upgrade.
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Companies are adopting various developmental strategies, such as product innovations, acquisitions, mergers, and collaborations, to obtain strong capabilities from other players. For instance, in April 2019, Intel Corporation launched its new Agilex FPGA to deliver the requirements of data-centric businesses. Furthermore, the company is focusing on strengthening its product range for data center and network markets.
Table of Contents (ToC) of the report:
Chapter 5. FPGA Market, By Process Technology
5.1. Key trends in FPGA market, by process technology
5.2. <28 nm
5.2.1. Market estimates and forecast, 2015 - 2026
5.3. 28 nm-90 nm
5.3.1. Market estimates and forecast, 2015 - 2026
5.4. >90 nm
5.4.1. Market estimates and forecast, 2015 – 2026
Chapter 6. FPGA Market, By Configuration
6.1. Key trends in FPGA market, by configuration
6.2. Low-range FPGA
6.2.1. Market estimates and forecast, 2015 - 2026
6.3. Mid-range FPGA
6.3.1. Market estimates and forecast, 2015 - 2026
6.4. High-range FPGA
6.4.1. Market estimates and forecast, 2015 - 2026
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/field-programmable-gate-array-fpga-market-size
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