Field Programmable Gate Array Market Growth and Share 2023- Research by Competitive Analysis, Growing CAGR of 14.47% Growth Strategy, Forecast to 2032: SPER Market Research
According to SPER Market Research, Field Programmable Gate Array (FPGA) are employed in heavy weaponry such as sensors, radars, and electronic warfare mechanisms to achieve greater range, data processing, and electronic countermeasures. As more countries focus on strengthening their military establishments, companies are constantly innovating and developing field-programmed gate arrays for radar systems. In November 2018, Xilinx, Inc. introduced the Kintex and Virtex portfolios of defence-grade field programmable gate arrays for space and practical surveillance. These circuits are anti-counterfeiting and designed to withstand harsh environments while providing security and serviceability.
FPGA Market Overview:
- Forecast CAGR (2022-2032): 14.47%
- Forecast Market Size (2032): 30.90 billion
The Corona virus, which is thought to have originated in China, quickly spread around the world, resulting in a global crisis. The global epidemic caused by the COVID-19 outbreak has caused widespread concern and economic instability for all stakeholders in the value chain, including businesses and customers worldwide. Governmental agencies imposed a complete lockdown in order to stop the spread of infectious infection, which completely disrupted assembly plants and supply chains around the world, in particular in the case of materials involving sectors such as computers, automotive, and many more. As a result, the embedded FPGA market, as part of the semiconductor, suffered production losses and just a halt in the supply chain, which finally hampered the market.
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FPGA Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Achronix, Atmel, E2V, Intel Corporation, Lattice Corporation, Lattice Semiconductor Corporation, Motorchip Technologies, Microsemi Corporation, Nallatech, QuicklLogic Corporation, XILINX Inc.
Global Field Programmable Gate Array (FPGA) Market Segmentation:
By Application: Based on the Application, Global FPGA Market is segmented as; Data Processing, Consumer Electronics, Industrial, Military Aerospace.
By Technology: Based on the Technology, Global FPGA Market is segmented as; Conventional, Smart Connected.
By Region: The Asia Pacific region had the highest revenue share of the field programmable gate arrays industry in 2019 and is expected to keep its lead throughout the forecast period. China accounted for the largest revenue share in the region as a result of the government’s ongoing investments and initiatives to boost industry growth. For example, Previous Year, China established a billion-dollar treasury semiconductor fund to support its domestic chip industry. This initiative focuses on creating new market opportunities by developing FPGAs, core stream processors, and memory chips. The Semiconductor Industry Association (SIA) announced the signing of the United States-Mexico-Canada Agreement (USMCA). By encouraging free trade, the USMCA ensures that more American-made technology products, such as semiconductors, can be shipped to clients around the world. Such agreements are expected to drive market growth in the coming years. The South America region is expected to gain prominence as the automobile, industrial, and aerospace sectors, particularly in Brazil, grow. Furthermore, tech firms are shifting and expanding their data centre capacities to the Middle East and Africa, which is expected to result in strong growth prospects for regional field programmable gate array demand. For example, in past years, Microsoft Corporation established data centres in the United Arab Emirates, and Amazon.com, Inc. launched three availability zones. Previously, the North America regional market captured a revenue share of more than a quarter. Mexico is expected to grow significantly in the region due to its thriving automobile industry.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
For More Information about this Report: –
Field Programmable Gate Array (FPGA) Market Share
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