FPGA Market is Moving Fast! | Major Key Companies are Intel Corporation, Cypress Semiconductor Corporation, Lattice Semiconductor, Microsemi Corporation, Texas Instruments, Xilinx, Atmel Corporation, Altera, Achronix Semiconductor Corporation

FPGA market size is forecast to surpass the USD 13 billion mark by 2026. Additionally, these devices are being increasingly adopted by automotive manufacturers & OEMs to develop efficient safety systems, such as collision avoidance systems, Advanced Driver Assistance Systems (ADAS), adaptive cruise control. Due to their programmable nature, FPGAs have an expansive range of application, including aerospace & defense, automotive, data center, medical, industrial, consumer electronics, wired & wireless communication, video & image processing etc.

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Proliferation of artificial intelligence and machine learning technologies along with demand for high performance computing across various industry verticals is likely to drive global FPGA market growth over 2019-2026.

FPGA (Field Programmable Gate Array) is a semiconductor device that is widely used in electronic circuits. These devices can be reprogrammed as per desired application or functionality requirements. FPGA systems offers low latency connection as well as customized high bandwidth for network and storage systems. Growing demand for storage systems in data centers for highly efficient servers may also change business outlook.

Higher flexibility offered by FPGA systems make them highly desirable in wireless communication applications, which is likely to boost product demand over the coming years. Innovation in wireless communication technology, such as 4G/5G waveform coexistence, processing of C-RAN (centralized Cloud Radio Access Network), non-contiguous carrier aggregation, and their compatibility with FPGA system will further contribute to FPGA market growth. FPGA systems utilize dynamic partial reconfiguration, which offers higher flexibility in runtime and design time suitable for 5G architecture. Also, the fact that these systems require least hardware modifications for system upgrade adds to their popularity.

Key industry players involved and promoting the growth of the global Field Programmable Gate Array market are as follows:

o Achronix Semiconductor Corporation
o AvComm (Aeroflex) now part of VIAVI Solutions
o Altera
o Atmel Corporation
o Cypress Semiconductor Corporation
o Intel Corporation
o Lattice Semiconductor
o Microsemi Corporation
o Texas Instruments
o Xilinx

China is likely to offer lucrative growth opportunities for the expansion of FPGA market owing to the presence of established automotive and consumer electronics players across the region. Surging demand for AI-driven electronics is prompting companies, such as Samsung, Xinhua, Alibaba to invest in AI technology, which may further boost demand for FPGA chips. For instance, Xinhua launched the world's first AI news anchor in the beginning of 2019. Such advancements in the region are likely to change FPGA business landscape.

China also launched the New Generation AI Development Plan in 2017 which emphasizes the development of AI industry, and as per the plan China will be investing approximately USD 150 billion in AI technology by 2030. The plan is targeting 8 major applications including smart cars and service robots with a wide variety of chips, such as FPGA, GPU, CPU, and ASIC employed in them.

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Companies are adopting developmental strategies, such as product innovations in order to deliver the requirements of data-centric businesses. For instance, Intel Corporation launched its new Agilex FPGA in 2019 to meet the requirements of these data-based organizations. The company is further focusing on expanding its product range for data centers and network markets. Technical advancements, such as the introduction of nano bridge FPGA will also fuel product penetration.

Increasing adoption of FPGA chips in industries due to their ability to market faster and provide cheaper solutions for low to medium volume production will positively impact industry growth over the forecast timespan.

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