FPGA Security Market: Know Applications Supporting Impressive Growth

According to our latest market study on "FPGA Security Market 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); and Geography," 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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Key Companies: 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

Asia Pacific is expected to provide major growth opportunities to the global FPGA security market players. The growing demand for 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 some of the key countries where majority of electronics and semiconductor manufacturers are located and these companies are continuously investing in research and development activities to keep pace with the fast-evolving technology landscape.

North America is characterized by the presence of developed nations such as the US and Canada, where the adoption of advanced technologies such as IoT and AI is quite high and various network operators are aggressively rolling advanced connectivity technologies, such as 5G and LTE-M. The high level of industry automation and huge demand for digital services among customers, the enterprises and network operators in developed regions such as North America and Europe are motivated to invest advanced chips such as FPGAs for enabling IoT/AI applications to increase efficiency and to enhance consumer experience. These factors are projected to boost the growth of FPGA security market in North America and Europe regions.

The FPGA security market is likely to have a positive growth outlook in all the major regions from 2020 to 2027. However, due to ongoing COVID-19 outbreak, all the prime countries in Europe, Asia Pacific, and North America have imposed strict restrictions on business activities, and goods' and people's movement. These factors are anticipated to affect both supply and demand of FPGA-based products, thus affecting the growth of the global FPGA security market players to some extent, especially in 2020 and early 2021. However, the market is estimated to have positive long-term growth owing to the increasing applications of FPGA-based security solutions in consumer electronics and automotive industries, and data centers.

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FPGA Security Market Insights
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.

FPGA Security Market Segmentation:
FPGA Security Market - by Configuration
Low-End FPGA
Mid-Range FPGA
High-End FPGA

FPGA Security Market - by Technology
SRAM
Flash
Antifuse

FPGA Security Market - by End User
Telecommunications
Consumer Electronics
Data Centers and Computing
Military and Aerospace
Industrial
Automotive
Other End Users

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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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