FPGA Security Market to Grow at a CAGR of 8.8% to reach US$ 3.99 Billion from 2020 to 2027 says The Insight Partners

FPGA Security Industry: Key Insights

According to our latest market study on "FPGA Security Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Configuration (Low-End FPGA, Mid-Range FPGA, and High-End FPGA); Technology (SRAM, Flash, and Antifuse); End User (Telecommunications, Consumer Electronics, Data Centers and Computing, Military and Aerospace, Industrial, Automotive, and Other End Users)," the market was valued at US$ 2.06 billion in 2019 and is projected to reach US$ 3.99 billion by 2027; it is expected to grow at a CAGR of 8.8% from 2020 to 2027.

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The FPGA security market is broadly segmented into five major regions North America, Europe, APAC, MEA, and SAM. Presently, APAC held the largest share of the market, followed by North America and Europe, in 2019. It contributed ~35% to the overall FPGA security market in that year. The growing demand of consumer electronics, rising trend of automation in automotive and industrial sectors; and increasing penetration of technologies such as AI, IoT, and cloud computing are a few of the key factors driving the growth of FPGA security market in APAC. China, Japan, Taiwan, and South Korea are among the key countries where majority of electronics and semiconductor manufacturers are located, and these companies continuously investing in research and development activities to keep pace with the fast-evolving technology landscape. Hence, Asia Pacific is expected to be high-potential region for the global FPGA security market players.

Impact of COVID-19 Pandemic on FPGA Security Market

According to the latest situation report (June 08, 2020) from the World Health Organization (WHO), the US, Brazil, Russia, India, Spain, Italy, Germany, the UK, and China are a few of the worst affected countries due to the currently active COVID-19 pandemic. The outbreak initiated in Wuhan (China) in December 2019, and it has spread across various countries in the world. As per latest WHO figures, there are total 6.93 million confirmed COVID-19 cases globally with ~400,800 total deaths, and the number is growing at varying rates in different countries. The COVID-19 crisis has affected various industries worldwide, and the global economy is anticipated to face a slump in 2020, which is likely to continue in 2021 as well. The effect of COVID-19 on various economies differs in different countries on the basis of the level of outbreak. For instance, the US is one of the largest markets for FPGA security solutions, and many key players such as Xilinx, Inc., and Intel Corporation are based in the country. The unprecedented increase in the number of confirmed cases and rising reported deaths in the country is affecting both supply and demand of these solutions due to supply chain disruptions and decline in demand from industries due to shutdowns.

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Telecommunications Industry Contribute Huge Share to FPGA Security Market

Telecommunications is one of the most promising sectors generating huge demand for FPGAs. The growing investments and advancements in telecom infrastructure across developed and developing countries is boosting the growth of the global telecom sector. Technologies such as IoT, AI, and edge computing are further enabling a paradigm shift in customer demands and preferences; these technologies are offering great opportunities and challenges for the telecommunications companies. The operational needs of equipment/hardware used in the telecommunication sector and demand for secure communications are growing at a fast pace owing to complex operations involved in it and rising demand from customers. FPGAs are being widely used in this sector for various applications such as packet processing and data packet switching among others. Advantages such as easy configurability, flexibility, law latency operations, efficient hardware acceleration, and low costs are expected to further drive the growth of the FPGA security market for the telecommunications sector in the coming years.

Configuration-Based Market Insights

The market players operating in the FPGA security market offer their products with different configurations to match the customer demands. Based on configuration, the FPGA security market is segmented into low-end FPGA, mid-range FPGA, and high-end FPGA. The market is led by low-end FPGA segment with the largest share and is expected to dominate it with the largest share during the forecast period. On the other hand, the high-end FPGA segment is anticipated to register the highest CAGR the during the forecast period.

FPGA Security Industry: Competitive Landscape and Key Developments

The top companies operating in the FPGA security market are Achronix Semiconductor Corporation, Efinix, Inc., Flex Logix Technologies, Inc., Intel Corporation, Lattice Semiconductor Corporation, LeafLabs, LLC, Microchip Technology Inc., QuickLogic Corporation, S2C, and Xilinx, Inc, among others.

The players in the FPGA security market focus on strategies such as partnerships, business expansion, and new product launches to maintain their positions in the market. A few developments by key players are listed below:

1. In 2020, Efinix Inc., partnered with ViMOS Technologies, an innovative semiconductor distributor. The partnership is aimed at distributing Efinix's Trion FPGA silicon platforms to local customers in across Central Europe.

2. In 2019, Lattice Semiconductor Corporation launched a new low power FPGA platform named Lattice Nexus. This new platform is architected to provide power-efficient performance that is aimed to benefit developers of a broad range of applications, comprising AI for IoT, hardware security, video, embedded vision, industrial/automotive automation, and 5G infrastructure.

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About Us:
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

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