FPGA Market by Configuration, Technology, Node Size, Vertical | COVID-19 Impact Analysis | MarketsandMarkets

The global FPGA market is projected to reach USD 9.1 billion by 2026 from an estimated USD 6.2 billion in 2021, at a CAGR of 7.8% from 2021 to 2026. The rising deployment of data centers and high-performance computing, and incorporation of FPGA for automotive applications such as ADAS are among the factors driving the growth of the FPGA market.

COVID-19 Impact on the Global FPGA Market

The outbreak and the spread of the COVID-19 had a negative effect on the FPGA market in 2020, resulting in decreased shipments of FPGA. This resulted in the declined revenues generated from them. As a result, a dip was witnessed in the growth trend of the market during the first half of 2020. This trend continued to prevail till the first quarter of 2021. The demand for FPGAs is expected to surge as the production volume and the demand for telecommunication, data centers, and automotive products and solutions such as wireless baseband solutions, radio solutions, wireless modems, network processing cards, and electronic devices, is expected to increase in the second or third quarter of 2021.

APAC held the largest share of the FPGA market in 2020

APAC is projected to dominate the FPGA market during the forecast period. The growth of the market in this region can be attributed to the increasing Internet penetration, ongoing technological advancements such as the advent of 4G and 5G, and growing data traffic due to the rising number of technologically advanced consumer electronic devices and connected device users. Major semiconductor foundries, offering manifesting services to FPGA companies have a strong presence in the region. The telecommunications, industrial, automotive, consumer electronics, and computing sectors are expected to drive the growth of the FPGA market in APAC. The increased adoption of industrial automation in APAC is also driving the demand for FPGAs in the region. With the advent of IoT and machine-to-machine (M2M), the growth of the automotive and the consumer electronics industries in APAC is expected to be high, thereby contributing to the growth of the FPGA market in the region.

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Key Market Players

Xilinx, Inc. (US); Intel Corporation (US); Microchip Technology Inc. (US); Lattice Semiconductor Corporation (US); QuickLogic Corporation (US); Efinix Inc. (US); Flex Logix Technologies (US); GOWIN Semiconductor Corporation (US); Achronix Semiconductor Corporation (US); and S2C, Inc. (US); are some of the key players in the FPGA market.

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