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Field programmable gate array (FPGA) is the programmable logic devices with firmware, that helps to set internal configuration. The functions of FPGA can be updated or re-programmed as per the requirements when connected in the circuit. The growing focus on security, inspection, network processing among others is driving the demand for field programmable gate array. Also, its vast application across technologies such as the internet of things (IoT), artificial intelligence, cloud, data center among others is expected to boost market growth. Similarly, the rapid advancements in consumer electronics are likely to drive the FPGA demand. Military and aerospace industries are also adopting FPGA for secured communication, image processing, data processing, and more. The FPGA circuits are suitable for harsh environments, thus, it is witnessing increasing attention from industrial sectors.
Also, the growing complexities and high cost of application specific integrated circuits are likely to fuel the adoption of cost-effective FPGA. The use of FPGA in high-performance computing and data centers enhances their operational efficiency. 5G network providers are investing in field programmable gate array to optimize the error and boost the service. This is expected to drive the FPGA market growth.
Key Market Driver -
• Growing demand for AI and IoT is likely to drive the FPGA market. • Rapid surge in demand for field programmable gate array in military and aerospace industries is likely to boost the market growth
Key Market Restraint -
• The high power consumption issue to impede the market growth
Some of the key players in the global field programmable gate array are Atmel Corporation, Cobham Plc., Cypress Semiconductor Corporation, Intel Corporation, Lattice Semiconductor Corporation, Xilinx, Inc., Efinix, Inc., S2C, Inc., Microsemi Corporation, Quick Logic Corporation, Texas Instruments, Leaflabs, LLC, Aldec, Inc. among others. The companies are focused on launching new and advanced product portfolio to gain market share. Also, these companies are collaborating with various technology providers such as IoT, data centers, 5G, among others to provide required solutions using FPGA.
Asia Pacific is expected to lead the market during the forecast period. It is likely to witness rapid growth owing to the presence of a significant number of key market players in the region. The countries like Japan, South Korea, China, and India are highly focusing on the adoption of advanced technologies, this is expected to boost the market growth. The rapid adoption of 5G infrastructure across the region is expected to drive the demand for field programmable gate array. Similarly, North America is expected to witness growing adoption of FGPA to deal with the rapidly growing advanced technologies. The increasing adoption of cloud-based services and data centers is expected to drive the demand for FPGA in the US.
Europe to showcase steady growth during the forecast period owing to the rising advancements in automotive and consumer electronics industries. The developments across the industries such as healthcare, telecommunication, consumer electronics among others in Germany, UK, and France are promising to boost the demand for field programmable gate array. Similarly, the continuous developments and adoption of advanced technologies in the Middle East & Africa, and South America are expected to drive the field programmable gate array market.
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