Field Programmable Gate Array Market Projected to Grow at a Steady Pace During 2022-2027
Stratview Research delivers key insights on the global Field Programmable Gate Array Market. According to Stratview Research, the market is estimated to grow at a decent CAGR of 5.1% during the forecast period to reach a value of US$ 310 Million in 2027.
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The present report can be of high utility for the key decision-makers and growth strategists in terms of precise market insights, forthcoming growth opportunities, and key success factors. Especially, the report also analyses and mentions the possible impact of COVID-19 on the market dynamics. This will not only help in mitigating the uncertain business environment, but also help in rearranging the strategies and future- decisions in a fruitful manner.
Key Players
The following are some of the key players in the Field Programmable Gate Array Market:
• Cobham Limited
• Intel Corporation
• Xilinx, Inc.
• Microchip Technology Inc.
• Cypress Semiconductor Corporation
• Lattice Semiconductor Corporation
• Achronix Semiconductor Corporation
• Quick Logic Corporation
• Taiwan Semiconductor Manufacturing Company, Limited
• Texas Instruments Inc.
Growth drivers and Market Value:
This report, from Stratview Research, studies Field programmable gate array market value and growth drivers over the trend period of 2022-27. According to the report -
Field programmable gate array market is likely to witness an impressive CAGR of 8.9% during the forecast period. Increasing demand for advanced driver-assistance systems (ADAS), along with the growth of IoT, and faster time-to-market of FPGA than ASIC is the prime factor contributing to the demand for field programmable gate arrays.
Segment Analysis:
Based on by Technology Type:
Based on the technology type, the market is segmented as SRAM, EEPROM, antifuse, flash, and others. The SRAM (Static Random-Access Memory) segment held the largest share of the market in 2021. The dominance of the segment is mainly because it offers better flexibility, re-programmability, high integration, and high performance for various applications. SRAM-based field programmable gate arrays are widely adopted for aerospace & defense, telecom and wireless communication systems, and consumer goods applications which is contributing a healthy growth in the market.
Based on Regional:
In terms of regions, Asia-Pacific is estimated to be the largest market during the forecast period, with China, India, and Japan being the countries with lucrative growth opportunities. The growth of the region’s market is mainly driven by the presence of major semiconductor foundries such as Taiwan Semiconductor Manufacturing Company, Limited (TSMC), United Microelectronics Corporation (UMC), and Samsung Foundries in the region. The dependency of various industries on data centers and cloud-based computing technology is also contributing to the growth of the region’s market. The initiatives undertaken by countries to deploy 5G networking services in the region is a key growth factor for the market.
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FREQUENTLY ASKED QUESTIONS
The report answers several questions related to the market. The user can get to know the answers to the following questions…
- What is the global demand for Field Programmable Gate Array Market in terms of revenue?
- Which are the prominent players in the market?
- At what CAGR is the market projected to grow within the forecast period?
- What are the driving factors fuelling the growth of the market?
- Which region accounted for the largest share in the market?
- How did the Covid19 impacted the market?
- How long will it take to recover from the Covid impact?
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