Field Programmable Gate Array (FPGA) Market Valued at $7.18 Billion in 2020, Projected to Hit $15.89 Billion by 2030

Allied Market Research published an exclusive report, titled, "Field Programmable Gate Array Market Size, Share, Competitive Landscape and Trend Analysis Report, by Technology, Application and Type : Global Opportunity Analysis and Industry Forecast, 2021-2030".

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A field programmable gate array architecture (FPGA) is an integrated circuit that can be programed later in the field after manufacturing. FPGA are like programmable read-only memory (PROM); however, they possess wider and vast potential. Low recurring expenses, reusability, and simple design cycle are expected to fuel the market growth during the forecast period. Further, surge in demand for higher bandwidth devices for high-end applications is anticipated to offer numerous opportunities to key players of the field programmable gate array market.

Many manufacturers operating in the field programmable gate array market are headquartered in Asia-Pacific, which boosts the growth in this region. Furthermore, growth in the automotive and consumer electronics industry has driven the market growth considerably. In addition, Asia-Pacific is one of the largest markets for automobiles in the world, and the increase in field programmable logic array integration in automobiles is highly opportunistic for the field programmable gate array market analysis.

Key Market Players:

Achronix Semiconductor Corporation, Altera Corporation, ARM Ltd., Atmel Corporation, Cypress Semiconductors Corporation, Teledyne e2v Ltd., Lattice Semiconductor, Microsemi Corporation, QuickLogic Corporation, and Xilinx Inc.

Segmentation Analysis:

The field programmable gate array market is segmented into technology, application, type, and region. The report offers an in-depth study of every segment, which helps market players and stakeholders to understand the fastest growing segments and highest grossing segments in the market.

The field programmable gate array market is analyzed across the globe and highlight several factors that affect the performance of the market across the various region including North America (United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).

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The research report mainly focuses on the growth drivers and investment opportunities in the industry to assist companies in formulating strategies for taking a lead in the field programmable gate array market. Additionally, the report also highlights the market restraints and challenges that the sector might face in the coming period. Moreover, by using scientific tools like Porter's five forces, the competitive scenario of the domain is also presented in this study which helps the companies understand the dynamic nature of the market.

Key Findings Of The Study:

The high-end FPGA segment is expected to generate the highest revenue during the forecast period.
The SRAM segment is expected to generate the highest revenue during the field programmable gate array market forecast period.
The industrial segment is expected to register the highest revenue during the forecast period.
North America is expected to register the highest revenue during the forecast period.

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Many manufacturers operating in the field programmable gate array market are headquartered in Asia-Pacific, which boosts the growth in this region. Furthermore, growth in the automotive and consumer electronics industry has driven the market growth considerably. In addition, Asia-Pacific is one of the largest markets for automobiles in the world, and the increase in field programmable logic array integration in automobiles is highly opportunistic for the field programmable gate array market analysis.

Commonly used technologies in the market are time EPROM, Antifuse, and SRAM, flash. Among all SRAM is the most popular owing to its simplicity and low cost.

North America was the highest revenue-generating region accounting for $2,472.4 million in 2020. Increased consumer awareness along with expansion in smart technologies are the key contributors for the growth in the North America. However, Asia-Pacific is expected to generate a revenue of $4,954.4 million by 2030, growing at a CAGR of 10.9% during the forecast period.

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