Field Programmable Gate Array Market Opportunities & Prominent Trends 2027

Field Programmable Gate Array Market Opportunities & Prominent Trends 2027

The field programmable gate array market research study is a detailed document that presents a gist of the global industry space in terms of numerous parameters. Some of these falls along the likes of the industry insights, growth drivers, industry segmentation, and trends worldwide. Also included in the research report is information pertaining to the companies partaking in the market share and the information pertaining to the regulatory norms that impact the commercialization landscape of this vertical.

Increased insistence on high-performing computers for machine learning and AI technologies coupled with growing demand for big data analytics are some factors responsible for the increased usage of Field Programmable Gate Array (FPGA).

FPGA devices are integrated into IoT devices for reducing latency and increasing power efficiency. There is a growing demand for smart home devices, especially in developed nations like the United States, Germany, France, which will increase the field programmable gate array market demand.

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Advancements in industrial robotics with the integration of high-performing FPGA’s will propel market growth. There has been a significant rise in the production of industrial robots over the last few years. To support this statement with an instance, a report of the International Federation of Robotics, 2020 states that over 373,000 industrial robots were produced and shipped across the world. Currently, over 2.7 million robots are being used across different industries. These factors will contribute to the field programmable gate array market growth.

Speaking of which, the anti-fuse architecture segment is receiving huge FPGA demand from the defense sector due to their high performing features like compact size, security in programming and high temperature resistance. Owing to these advanced features, this architecture is primarily used in radar control systems, weapon systems and flight computers. These factors will substantially influence the industry demand.

The mid-range configuration segment accounted for over 35% of market share in 2020 and it is predicted to proliferate with a CAGR of over 15% through 2027. This augmentation is credited to the excellent performance, high device reliability and data security and compact design of this FPGA configuration. Midrange FPGAs are compatible with high-temperature environments, which has increased their integration in electric vehicles. With increased EV adoption in countries like Canada, U.S, Germany, the field programmable gate array market is likely to proliferate substantially over the forecasted timeframe.

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The field programmable gate array market in Europe accounted for a revenue share of around 20% in 2020 and is projected to augment with a growth rate of over 12% over the forecasted timeframe. This growth can be credited to the soaring demand for advanced 5G technologies. As per the European 5G Observatory, over 18 EU countries have implemented commercial 5G services as of September 2020. Furthermore, telecom operators in Europe are predicted to use devices based on FPGAs for implementing 5G technologies, thereby propelling the market growth in the region.

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