Field Programmable Gate Arrays (FPGAs) are silicon chips that can be electrically programmed in the field after the manufacturing process is completed. FPGAs provide advantages such as modifying and customizing hardware based on programmable design as per the user's specific requirements. They are used in various applications including data centers, automotive, aerospace, industrial automation, consumer electronics, telecommunications and others. With growing data usage, surge in cloud computing and increasing investments in 5G infrastructure, the demand for superfast and highly scalable data centers is increasing exponentially. As FPGAs allow cost-effective hardware updates and optimization of resources, their adoption in data centers is gaining significant traction. The global Field Programmable Gate Array Market is estimated to be valued at US$ 8251.88 Mn in 2023 and is expected to exhibit a CAGR of 9.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growing use of FPGAs in data centers is a major trend fueling the field programmable gate array market growth. Data centers use FPGA-based hardware accelerators and smartNICs to boost the performance of compute-intensive and data-centric applications like machine learning, financial modelling, genomics etc. FPGAs enable data centers to optimize workload distribution and resource utilization. Their re-programmability allows data center operators to upgrade applications on hardware without complete system replacement, reducing overall costs. With rising demand for cloud-based services, the data center industry is rapidly scaling up facilities globally which in turn is driving the adoption of energy-efficient and flexible FPGA-based solutions.
Segment Analysis
The global field programmable gate array market can be segmented by type, technology node and application. The flash based segment is expected to be the dominating sub-segment during the forecast period. This is due to the growing usage of flash based FPGA in consumer electronics and automotive applications. They offer advantages such as non-volatility, low power consumption and reduced cost per logic element.
Key Takeaways
The global Field Programmable Gate Array Market Share is expected to witness high growth.
Regional analysis: Asia Pacific region is expected to grow at the fastest CAGR during the forecast period due to the growing consumer electronics and automotive industries in China, India, South Korea and other developing countries of the region.
Key players related content comprises Key players operating in the field programmable gate array market are Takara Bio Inc., ViaCyte Inc., PromoCell GmbH, Merck KgaA, PeproTech Inc., Astellas Pharma Inc., Thermo Fisher Scientific, Lineage Cell Therapeutics Inc., and STEMCELL Technologies Inc.
For more insights, read- https://www.ukwebwire.com/field-programmable-gate-array-market-trends-size-and-share-analysis/
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