FPGA Market Outlook 20231 | Existing and Future Aspect Analysis

FPGA Market
FPGA Market is expected to cross the value of US$ 13.6 Bn by the end of 2031, expand at a CAGR of 8.1% from 2021 to 2031
ALBANY , NY, US, January 25, 2022 /EINPresswire.com/ -- Transparency Market Research delivers key insights on the global FPGA market. In terms of revenue, the global FPGA market is estimated to expand at a CAGR of 8.1% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global FPGA market. The global FPGA market is broadly affected by several factors, including a rise in the demand for SRAM-based FPGAs.
FPGA Market: Dynamics
Field Programmable Gate Arrays (FPGAs) are semiconductor devices consisting of configurable logic blocks (CLBs) connected via programmable interconnects. FPGAs are reprogrammable for specific functionality requirements after fabrication.
The global FPGA market is estimated to expand considerably in the near future due to an increase in penetration of SRAM-based FPGA devices. SRAMs are the most commonly used technology for programming FPGAs. SRAM-based FPGAs comprise data logical cells in static memory, as SRAM is volatile without a power source. There are basic modes for programming, such as the master mode in which FPGAs study configured data from the external flash memory chip; and slave mode in which FPGAs are configured by a master processor, which is dedicated via interfaces for scanning data. This propels the demand for SRAM-based FPGAs in the global market.
Moreover, extensive adoption of SRAM-based FPGAs in military & aerospace applications, wireless communication systems, and consumer electronics offer considerable opportunities for the global FPGA market. Furthermore, applications of SRAM FPGAs in harsh radiation environments is increasing presently. Thus, a rise in the demand for SRAM-based FPGAs is expected to fuel the FPGA market.
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FPGA Market: Prominent Regions
The FPGA market in Asia Pacific is estimated to expand during the forecast period, owing to the presence of key market players, technological advancements, and countries, such as the China, Japan, Taiwan, and South Korea who are offering ample and lucrative opportunities for manufacturers on a long-term basis owing to a rise in data centers in the region. Asia Pacific held a prominent share due to an increase in government initiatives and a rise in number of research institutes. Expansion of IT & telecommunication and consumer electronics industries coupled with the presence of a well-established supply chain network catering to a wide range of end-users is expected to propel the demand for FPGA; consequently, driving the global FPGA market. China accounted for a prominent share, in terms of value, among all countries. The FPGA market in Asia Pacific is expanding at a prominent CAGR during the forecast period, owing to the presence of a large number of players manufacturing and growth opportunities offered to FPGAs in the region.
FPGA Market: Key Players
Key players operating in the global FPGA market are 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, and S2C, Inc.
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Rising Deployment of Data Centers and High-performance Computing: Key Driver of FPGA Market
Data centers are essentials for the fostering of IoT, as they process data from millions of devices and sensors to carry out highly advanced autonomous operations. Field Programmable Gate Arrays (FPGAs) are building their way into data centers where they are used to offload and fast-track specific services.
Significant rise in the demand for data centers owing to an increase in incorporation of IoT in different plumb is expected to propel the demand for FPGAs in order to improve the computational performance of data centers
Data processing and cloud computing in data centers have appeared as significant areas of application for FPGAs. Demand for large-scale computation in applications, which gives a new direction to the FPGA industry, is also a factor boosting the FPGA market.
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Rise in demand for optimization in Big Data analytics is also estimated to fuel the global FPGA market during the forecast period. Leading search engines, such as Google, and companies such as Amazon and Walmart, are focusing on execution of operations in parallel to have real-time performance and are continuously increasing their dependence on FPGAs to make business commitments.
Thus, rising deployment of data centers and high-performance computing is expected to fuel the demand for FPGA over the next few years
However, hidden bugs make FPGAs vulnerable to security attacks and highly complex programming may hamper the market. Censorious bugs in their hardware that can help hackers to gain complete control over chips and steal key data is also a key factor that hampers the FPGA market. However, presently, industries have shifted toward the use of FPGA, due to their compact size and high performance.
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