April 01, 2021
As cited by the business intelligence report titled ‘Europe Field Programmable Gate Array (FPGA) Market Size, By Architecture, Process Technology, Configuration, Application, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, Europe field programmable gate array (FPGA) market is anticipated to cross USD 2.5 billion mark by 2026.
As per the findings of the report, consumer preference for ADAS as well as infotainment systems in automotive, coupled with growing concerns regarding road safety are augmenting Europe field programmable gate array (FPGA) market size.
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Additionally, increasing integration of FPGA-based solutions in vehicles, mainly blind spot detection, automotive cruise control, and electronic stability control is stimulating the overall market outlook.
Speaking of configuration, high-range segment of Europe field programmable gate array (FPGA) market is projected to register 8.4% CAGR over 2020-2026. Beneficial characteristics of the device such as great performance and high data processing speed are propelling the segmental growth.
Moving on to application spectrum, Europe field programmable gate array industry share from industrial sector is expected to emerge as a major growth avenue during the analysis timeframe, owing to rising adoption of FPGA technology in robotic equipment for enhancing operational precision.
From a geographical viewpoint, UK field programmable gate array market is predicted to experience considerable expansion through 2026, on account of concentration of prominent automobile manufacturers in the nation, surging demand for FPGA chipsets, and rising investments towards implementation of AI (artificial intelligence) technologies.
Elaborating on competitive landscape, Mistral Solutions Pvt. Ltd., EnSilica Ltd., Enclustra GmbH, Cyient Ltd., ByteSnap Design Ltd., Aldec Inc., Xilinx Inc., Microsemi Corp., Intel Corp., Flex Logix Technologies Inc., Cobham Ltd., and Achronix Semiconductor Corp. are the top companies influencing Europe field programmable gate array (FPGA) market trends.