Field Programmable Gate Array (FPGA) Market is Envisioned to Grow at a Tremendous CAGR by 2028
Global FPGA market has shown tremendous growth in recent years due to the high demand for semiconductors in a wide range of industries, including automotive. The concept of autonomous driving is picking up pace due to the robust demand for advanced technologies that can enhance the driving experience of customers. According to reports, as of 2021, more than 80 automotive companies in the U.S. are actively testing over 1,400 self-driving trucks, cars, and other vehicles.
As per some studies, the global production of autonomous cars is predicted to reach 800,000 units between 2023 and 2030. These figures will positively impact the demand for FPGAs. The components are quite useful in the consumer electronics sector as well because they increase the efficiency and performance of various high-tech gadgets.
Global field programmable gate array (FPGA) market share will be valued at more than USD 14 billion by 2028.
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Below mentioned are the key trends fostering the application of FPGAs:
1. Clients display high demand for Flash FPGAs:
Based on architecture, flash-based FPGAs will hold a major share of the global FPGA market. One of the main reasons behind it is that this architecture combines the best qualities of both the SRAM and antifuse FPGAs. Flash FPGAs are nonvolatile like antifuse ones and can be reprogrammed just like SRAM FPGAs. They consume less power, offer a secure way for clients to store their design information, and reduce latency during operation. Companies are launching advanced versions of these devices to help their customers increase the use of cutting-edge technologies in their daily operations.
For instance, Intel Corporation, in June 2020, announced its first AI-powered FPGA. The Intel Stratix 10 NX FPGAs will provide users with reconfigurable, customizable, and scalable AI acceleration for challenging tasks, such as fraud detection and natural language processing (NLP).
2. Autonomous vehicles will boost the need for FPGAs:
Autonomous cars are considered the future of the automotive industry due to the high demand for innovative technologies that can enhance a customer’s in-vehicle experience. While self-driving cars can improve a client’s convenience, in-car technologies are also being upgraded to give a pleasant driving experience.
FPGA market are being widely used in autonomous driving systems like ADAS to help drivers detect blind spots while parking their vehicles. Advancements like gesture recognition are becoming an integral part of car technologies. For example, in January 2022, South Korean consumer electronics giant LG Electronics developed a new technology that allows customers to start their car’s ignition by using gestures and facial recognition. These innovations will increase the adoption of FPGA market.
3. Role of FPGA in healthcare sector:
The healthcare industry is continuously evolving because newer technologies are being introduced every day to enhance patient outcomes and improve the quality of diagnosis. FPGAs play an important role in this sector as well due to the widespread use of state-of-the-art diagnosis and treatment devices. These semiconductors are used in smart medical gadgets that record a patient’s heart rate and other vital signs.
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Medical instruments like MRI machines and CT scanners are using FPGAs on a large scale to improve the overall quality of diagnosis and provide patients with a sound treatment plan. For example, U.S.-based semiconductor manufacturing firm AMD Xilinx recently launched new ACAP platforms like the Versal AI Core and AI Edge series. These platforms offer image reconstruction advantages. They also analyze images with the help of machine learning to enhance diagnosis. Such developments will fuel the use of FPGAs in a variety of healthcare devices.
Companies, including Xilinx, Microchip Technology, Inc., Lattice Semiconductor, GOWIN Semiconductor Corp., Efinix Inc., and Intel Corporation are among the top FPGA manufacturers across the world. They are producing low-, mid-, and high-range FPGAs that will use antifuse, flash, and SRAM architectures. These products will be extensively used across healthcare, military & defense, automotive, industrial, and consumer electronics sectors.
Partial Chapter of the Table of Content
Chapter 1 Methodology and Scope
1.1 Definitions & forecast parameters
1.1.2 Methodology and forecast parameters
1.2 Data Sources
Chapter 2 Executive Summary
2.1 FPGA market 360° synopsis, 2018–2028
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Architecture trends
2.1.4 Process technology trends
2.1.5 Configuration trends
2.1.6 Application trends
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