According to the recent study titled ‘Field Programmable Gate Array (FPGA) Market Size By Architecture (SRAM, Flash, Antifuse), By Process Technology (<28 nm, 28 nm - 90 nm, >90 nm), By Configuration (Low-range FPGA, Mid-range FPGA, High-range FPGA), By Application (Consumer Electronics, Automotive, Industrial, Communications & Data Center, Aerospace & Defense), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 – 2026’ available with Market Study Report, the global field programmable gate array market is projected to cross US $13 billion by the year 2026.
 

Rapid industrialization across the globe is encouraging the companies to adopt high performance computing system, which in turn is generating huge volume of data. In order to store and manage the massive data, numerous data centers are emerging, hence contributing towards the rising demand for field programmable gate array (FPGA) chips. The integrated circuit can be configured as per customer requirement. It is known to offer low latency connection and high bandwidth for effective storage and networking. FPGA chips are cheaper and easy to install as compared to ASIC. This factor, coupled with rising adoption of AI and ML across the industries will propel the growth of field programmable gate array market.
 

As per the report, constant innovations across wireless communication field will contribute towards the FPGA market growth, as the chips find application in non-contagious carrier aggregation, 4G/5G waveform coexistence, and functioning of centralized C-RAN. The device works on the principle of dynamic configuration, delivering design & runtime flexibility for 5G architecture.
 

Moreover, extensive adoption of FPGA across automotive industry will further boost the market outlook. The system can be upgraded using chip with minimum hardware modification and is utilized for various automotive safety systems such as collision avoidance system, adaptive cruise control, and advanced driver assistance system.
 

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Considering regional outlook, China field programmable gate array market is anticipated to witness accelerated growth over the forecast period, owing to the booming electronics industry and presence of established automotive players across the region, cites the report.
 

The key companies of FPGA market are Aeroflex, Inc., Texas Instruments, Intel Corporation, Microsemi Corporation, Xilinx, Cypress Semiconductor, Altera Corporation, and Achronix Semiconductor Corp. among others.