Field programmable gate array comprises of an array of the programmable logic blocks and a hierarchy of the reconfigurable interconnects permitting blocks to be wired collectively The logic blocks can be configured to conduct complex combinational functions or act as a simple logic gates such as AND or XOR.
Statistics:
Global Field Programmable Gate Array Market is estimated to be valued at US$ 9.7 Billion in 2023. Field Programmable Gate Array Market is expected to register a CAGR of 7% over the forecast period (2023–2030), to reach US$ 15.61 Billion by 2030.
Drivers:
IoT promises to be a main driving force that would make notable creation, facilitate novel business models, and enhance global society in various ways. Market sellers aiming on growth FPGAs to combine them into internet of Things devices and solutions.
Opportunities:
With the development of smartphones and handled appliances, social media has been a new trend, which is putting burden on data centers. CPUs play the main role in data centers, however the situation altered. The earlier architecture of the data centers has been less efficient, due to the enduring rise of power usage, combined with a reduced efficiency factor, which led the engineers to seek a new method.
Recent Development:
In FEB 2022 QuickLogic Corporation declared that its PolarPro 3 family of low-power, SRAM-based FPGAs were accessible to solve semiconductor distribution accessible restrictions. This huge flexible family features power usage as low as 55uA and a tiny carbonprint in small packages, and die choice.
Restraint:
To optimize performance per watt, cell-based ASICs are choosing at the expenditure of huge up-front non-recurring engineering price (NRE) and enduring design cycles, comparatively to FPGAs or structured ASIC appliances. This choice also accepts that the goods do not need the accessibility to reprogram or alter algorithms over its lifecycle.
To know the latest trends and insights prevalent in the Global Field Programmable Gate Array Market, click the link below:
https://www.coherentmarketinsights.com/market-insight/field-programmable-gate-array-market-5219
Global Field Programmable Gate Array Market - Impact of Coronavirus (Covid-19) Pandemic
The need for data centers, artificial intelligence, and machine learning over enterprises, regulatory, and educational entities are spectating robust development owing to the COVID-19 pandemic. This development is positively affecting the need for FPGAs. It is anticipated to uphold the similar pace till the end of 2022, assisting increase the affect and vitality of FPGAs in several end-user companies.
Key Takeaways:
IT and Telecommunication Segment held the dominant position in the global field programmable gate array market in 2022, accounting for 24.7% share in terms of value, increasing approval and launch of new products is expected to propel the growth of the segment during the forecast period.
Key Trends:
Trend 1
With the advent of smartphones and handheld devices, social media has become a novel trend, which is hitting weight on data centers. CPUs play the major role in data centers, but the condition altered. The earlier architecture of the data centers has being less efficient, due to the persistent rise of power usage, coupled with a reducing efficiency factor, which led the engineers to pursue a new method.
Trend 2
The increase of the field-programmable gate arrays (FPGAs) is vastly driven by its huge flexibility, high processing speed, low power usage, and small size. Connected and driverless cars could be the next trend, which is anticipated to affect the automotive and automation sector.
Competitive Landscape:
Major players in the global field programmable gate array market are Xilinx Inc. (AMD Corporation), Intel Corporation, Quicklogic Corporation, GOWIN Semiconductor Corporation, Microchip Technology Incorporated, Lattice Semiconductor Corporation, Efinix Inc. and Achronix Semiconductor Corporation.
