iCrowd Newswire – Aug 4, 2020
According to our latest market study on “FPGA Security Market to 2027– COVID-19 Impact and Global Analysis- By Configuration (Low-End FPGA, Mid-Range FPGA, and High-End FPGA); Technology (SRAM, Flash, and Antifuse); End User (Telecommunications, Consumer Electronics, Data Centers and Computing, Military and Aerospace, Industrial, Automotive, and Other End Users); and Geography,” the market was valued at US$ 2.06 billion in 2019 and is projected to reach US$ 3.99 billion by 2027; it is expected to grow at a CAGR of 8.8% from 2020 to 2027.
Asia Pacific is expected to provide major growth opportunities to the global FPGA security market players. The growing demand for consumer electronics, rising trend of automation in automotive and industrial sectors, and increasing penetration of technologies such as AI, IoT, and cloud computing are a few of the key factors driving the growth of FPGA security market in APAC. China, Japan, Taiwan, and South Korea are some of the key countries where majority of electronics and semiconductor manufacturers are located and these companies are continuously investing in research and development activities to keep pace with the fast-evolving technology landscape.
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North America is characterized by the presence of developed nations such as the US and Canada, where the adoption of advanced technologies such as IoT and AI is quite high and various network operators are aggressively rolling advanced connectivity technologies, such as 5G and LTE-M. The high level of industry automation and huge demand for digital services among customers, the enterprises and network operators in developed regions such as North America and Europe are motivated to invest advanced chips such as FPGAs for enabling IoT/AI applications to increase efficiency and to enhance consumer experience. These factors are projected to boost the growth of FPGA security market in North America and Europe regions.
The FPGA security market is likely to have a positive growth outlook in all the major regions from 2020 to 2027. However, due to ongoing COVID-19 outbreak, all the prime countries in Europe, Asia Pacific, and North America have imposed strict restrictions on business activities, and goods’ and people’s movement. These factors are anticipated to affect both supply and demand of FPGA-based products, thus affecting the growth of the global FPGA security market players to some extent, especially in 2020 and early 2021. However, the market is estimated to have positive long-term growth owing to the increasing applications of FPGA-based security solutions in consumer electronics and automotive industries, and data centers.
The top companies operating in the FPGA security market are Achronix Semiconductor Corporation, Efinix, Inc., Flex Logix Technologies, Inc., Intel Corporation, Lattice Semiconductor Corporation, LeafLabs, LLC, Microchip Technology Inc., QuickLogic Corporation, S2C, and Xilinx, Inc, among others. The overall market for FPGA market is a consolidated one, with few companies such as Xilinx, Inc. and Intel Corporation holding the substantial share in it.
Impact of COVID-19 on FPGA Security Market
According to the latest situation report (June 08, 2020) from the World Health Organization (WHO), the US, Brazil, Russia, India, Spain, Italy, Germany, the UK, and China are a few of the worst affected countries due to the currently active COVID-19 pandemic. The outbreak initiated in Wuhan (China) in December 2019, and it has spread across various countries in the world. As per latest WHO figures, there are total 6.93 million confirmed COVID-19 cases globally with ~400,800 total deaths, and the number is growing at varying rates in different countries. The COVID-19 crisis has affected various industries worldwide, and the global economy is anticipated to face a slump in 2020, which is likely to continue in 2021 as well. Hence, the restrictions posed on industrial activities, business activities, and transportation due to the COVID-19 outbreak may affect the demand for FPGA security solutions in various regions till the end of 2020 end.
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The report segments the global FPGA security market as follows:
- Low-End FPGA
- Mid-Range FPGA
- High-End FPGA
By End User
- Consumer Electronics
- Data Centers and Computing
- Military and Aerospace
- Other End Users
- North America
- Rest of Europe
- Asia Pacific (APAC)
- South Korea
- Rest of APAC
- Middle East and Africa (MEA)
- Saudi Arabia
- South Africa
- Rest of MEA
- South America (SAM)
- Rest of SAM
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
Keywords: FPGA Security Market, FPGA Security Market Research, FPGA Security Market Insight, FPGA Security Market Trends, FPGA Security Market Forecast, FPGA Security Market Share, FPGA Security Market 2027