The field programmable gate array (FPGA) market share form industrial application segment will witness a CAGR of more than 15% in the coming years. The growing deployment of smart factories across developed nations will primarily propel the applications of the product. For example, Schneider Electric in June 2019, introduced its maiden ExoStructure platform-based smart factory in the U.S., which leverages industrial internet of things (IIoT) technology to run process optimization.
There is increasing integration of AI and numerous robotics and automation equipment such as robotic arms, programmable logic controllers, human-machine interface, and others into various industrial equipment. It will positively influence the high adoption rate of FPGAs in a wide array of industrial applications.
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Advancements in industrial robotics with the integration of high-performing FPGA’s will propel field programmable gate array (FPGA) market growth. There has been a significant rise in the production of industrial robots over the last few years. To support this statement with an instance, a report of the International Federation of Robotics, 2020 states that over 373,000 industrial robots were produced and shipped across the world. Currently, over 2.7 million robots are being used across different industries. These factors will contribute to the field programmable gate array (FPGA) market growth.
The mid-range configuration segment accounted for over 35% of field programmable gate array (FPGA) market share in 2020 and it is predicted to proliferate with a CAGR of over 15% through 2027. This augmentation is credited to the excellent performance, high device reliability and data security and compact design of this FPGA configuration. Midrange FPGAs are compatible with high-temperature environments, which has increased their integration in electric vehicles. With increased EV adoption in countries like Canada, U.S, Germany, the field programmable gate array (FPGA) market is likely to proliferate substantially over the forecasted timeframe.
However, the ongoing COVID-19 pandemic has hampered the sales of automotive industry, which has also affected the demand for field programmable gate array (FPGA) market. With declining production and sales of automotive, the market experience a slight dip in growth over the last year. But with governments implementing lockdown relaxations, automobile production is likely to get on track, thereby aiding the market in its proliferation.
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The market in Europe accounted for a revenue share of around 20% in 2020 and is projected to augment with a growth rate of over 12% over the forecasted timeframe. This growth can be credited to the soaring demand for advanced 5G technologies.
Major Key Points from Table of Content:
Chapter 5 FPGA Market, By Architecture
5.1 Key trends, by architecture
5.2.1 Market estimates and forecast, 2015 - 2027
5.3.1 Market estimates and forecast, 2015 - 2027
5.4.1 Market estimates and forecast, 2015 - 2027
Chapter 6 FPGA Market, By Process Technology
6.1 Key trends, by process technology
6.2 <28 nm
6.2.1 Market estimates and forecast, 2015 - 2027
6.3 28 nm-90 nm
6.3.1 Market estimates and forecast, 2015 - 2027
6.4 >90 nm
6.4.1 Market estimates and forecast, 2015 - 2027
Chapter 7 FPGA Market, By Configuration
7.1 Key trends, by configuration
7.2 Low-range FPGA
7.2.1 Market estimates and forecast, 2015 - 2027
7.3 Mid-range FPGA
7.3.1 Market estimates and forecast, 2015 - 2027
7.4 High-range FPGA
7.4.1 Market estimates and forecast, 2015 - 2027
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