APAC continues to lead the market share and growth during 2018-2023:
Asia-Pacific held a major share in global Field Programmable Gate Array Market followed by Americas and Europe region. APAC FPGA market accounts for over 35% of the total industry share. The emergence of innovative FPGA products, particularly for use in consumer electronics devices has increased market value in the region. Growing demand from automotive production in China, India and Japan will spur the market growth further. Asia Pacific is also predicted to outpace all other regions when it comes to growth rate by registering a CAGR of 7% from 2018 to 2023. Rising smartphone adoption combined with replacement of ASICs with FPGAs for this product will drive the market. Rising telecom infrastructure development in Asia-Pacific and Africa will drive the market. Since the telecommunication sector is the major end-user of FPGAs, there will be a huge demand for FPGAs in this region as growing infrastructure development drives the market.
Key Players of the Field Programmable Gate Array Market:
FPGA market is a duopoly wherein, Xilinx is the leading player contributing to nearly 50% of overall revenue. The company being a pioneer in FPGA has remained as the dominant player. This company is followed by Intel with a market share of over 36%. Intel is establishing increased revenue in the FPGA market as the company penetrates the consumer electronics sector. These two players account for over 86% of the total market.
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