According to the research report titled ‘Asia Pacific Field Programmable Gate Array (FPGA) Market Size, By Process Technology, Architecture, Configuration, Application, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, Asia-Pacific field programmable gate array (FPGA) market valuation is likely to account for USD 5.5 billion by the year 2026.
 

Rising deployment of IoT (Internet of Things) in financial and government institutions coupled with increasing awareness regarding the benefits of FPGA are key factors driving the growth of Asia-Pacific field programmable gate array market.
 

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FPGA is known to provide various advantages such as robust security as well as flexibility of hardware and software. In addition, favorable government initiatives which encourage smart city development have augmenting the technology’s demand, thereby stimulating the overall industry outlook in Asia-Pacific.
 

By process technology, the report states that <28 nm segment is predicted to expand with a CAGR of 14% through 2026. Technological advancements in FPGA have allowed enterprises to provide better customer experience. In addition, widespread adoption of <28 nm process technology by top manufacturers coupled with increasing commercialization of 7nm technology are fueling the segmental growth.
 

Moving on to configuration type, low-range segment is reckoned to witness a y-o-y growth rate of 13% during 2020-2026, owing to growing demand for low power consuming devices. FPGAs with low range provide reduced complexities, high-power efficiency, and low logic density, which in turn is boosting the expansion of the segment.
 

Based on the application spectrum, Asia-Pacific field programmable gate array industry share from consumer electronics is set to record 11% CAGR between 2020 and 2026. FPGA solutions are widely used in consumer electronics such as smart TVs, gaming consoles, smartphones, and digital cameras. In addition, focus among companies towards integrating AI technologies in order to offer product variations is favoring the overall market scenario in Asia-Pacific.
 

Xilinx Inc., QuickLogic Corporation, Microsemi Corporation, Lattice Semiconductor Corporation, Intel Corp., Gowin Semiconductor Corp., Flex Logix Technologies Inc., and Achronix Semiconductor Corporation are some of the top FPGA manufacturers. Meanwhile, the major design and system integrators in this industry space are Mistral Solutions Pvt. Ltd., EnSilica Ltd., Enclustra GmbH, Cyient Limited, and Aldec Inc.