The rapid spread of the coronavirus has had a negative effect on the global FPGA market, resulting in decreased shipments of FPGA. Manufacturers operating in the global FPGA market are recovering from losses as a result of the coronavirus breakdown. Market players are focusing on exploring opportunities to overcome challenges in the global FPGA market. Due to the rising demand for FPGA across the globe, manufactures are increasing their production capacity to cater the various end-use industries such as consumer electronics, IT & telecommunication, aerospace & defense, healthcare, transportation, and automotive.
FPGA can be widely used in data centers, automotive products, wireless baseband solutions, radio solutions, wireless modems, network processing cards, and electronic devices. The demand for these products is expected to rise in the upcoming years. This factor is responsible for the global FPGA market growth.
The rapidly growing consumer electronics sector is creating value-grab opportunities for the FPGA market players. Moreover, the rising deployment of data centers and high-performance computing, and incorporation of FPGA for automotive applications such as ADAS, video and image processing, and wired and wireless communications, are expected to boost the FPGA market during the forecast period.
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Increasing Applications in Various End-use Industries
Field Programmable Gate Arrays (FPGAs) are semiconductor devices, which consist of configurable logic blocks (CLBs) that are connected via programmable interconnects. FPGAs are reprogrammable devices for specific functionality demand after the fabrication process. The rapid penetration of SRAM-based FPGA devices that are widely used in military & aerospace applications, wireless communication systems, and consumer electronics is expected to propel the market growth. FPGA can be used in a wide range of industries such as telecommunication, automotive, consumer electronics, aerospace & defense, healthcare, transportation, etc.
In addition, increasing adoption and applications of FPGA in these industries creates potential growth opportunities for market contributors. This factor is fueling the global FPGA market growth.
Manufacturers operating in the global FPGA market are focusing on meeting the demands from consumers across the globe.
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Manufacturers Exploring Ways to Stay Ahead of Competition
Majority of the top players in the global FPGA market is focusing on innovative strategies for product development with technological advancements. The rising competition among top market players to mark their presence in the global market is fueling the growth of the market. Manufacturers are increasing their output capacities by developing high-quality products. Moreover, the increasing use of FPGAs in the expanding consumer electronics industry is attributable to the global market growth. Technological advancements and ongoing researches help manufacturers to stay ahead of the competition by fulfilling the rising demand from various industries.
