FPGA Market Trends 2021-2026, North America, Europe & APAC Industry Statistics with COVID-19 Impact Analysis: Graphical Research
Europe FPGA market size to cross $2.5 billion valuation by 2026 | North American market to reach USD 3.6 Bn by 2026 | Asia Pacific industry to register 13% CAGR through the projected duration
Pune, India – August 4, 2021 /MarketersMedia/ —
Graphical Research has launched a report on FPGA market that elucidates an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere.
Highlighted below are some of the major upcoming trends shaping the future of the FPGA market.
Widespread adoption of electric and battery electric vehicles in Europe
The demand for FPGA chipsets across automotive applications is likely to grow at a healthy 12% CAGR in the forthcoming years. The concept of electric mobility and adoption of electric cars has gained considerable momentum in European countries.
The International Energy Agency (IEA) reports that electric vehicle sales increased by over 50% during 2019. FPGA chipsets for a critical component of electric and battery electric vehicles which are integrated into power control units, electronic control units, and battery management systems for improved performance and functional safety.
Access sample pages of the report, “Europe FPGA Market Forecasts 2026” in detail along with the table of contents (ToC) @
https://www.graphicalresearch.com/request/1428/sample
Growing penetration of AI in electronics new applications in the U.K.
The presence of numerus esteemed automakers and the emergence of new AI startups are indicating positive signs for the U.K. FPGA market. The country is witnessing constant developments in AI and IoT as electronics companies look to leverage the power of these technologies.
Consumer electronics giants such as Samsung Corporation, NVIDIA Corporation, BenevolentAI, and Graphcore are actively investing in AI technology to lead innovation in the space. Last year in July, Graphcore had unveiled a new AI chip processor featuring a 7 nm process technology integrated with 59.6 billion transistors.
Emergence of North America as a prominent consumer electronics hub
In North America, the adoption of FPGA technology across consumer electronics applications is slated to increase at a robust 8% CAGR through 2026. The region, especially the U.S., has witnessed a notable uptick in the adoption of smartphones and portable electronics.
In 2019, the country registered over USD 280 billion in smartphone sales, which is nearly 50% greater than China, according to the GSM Association. In future, access to highspeed internet connectivity will certainly lead to the widespread adoption of smart home appliances and connected devices.
Access sample pages of the report, “North America FPGA Market Forecasts 2026” in detail along with the table of contents (ToC) @
https://www.graphicalresearch.com/request/1429/sample
Increasing investments in FPGA powered AI technologies in China
China is expected to be a lucrative revenue ground for the FPGA market in the future. Backed by robust investments by the government and local technology companies, the country is among the leading developers of AI technology today. Horizon Robotics, Cambricon, and Bitmain are among the leading AI chip developers in China at present who are focusing on development of FPGA based AI chipsets and accelerators.
The State Council of China has put the New Generation Artificial Intelligence Development Plan in action to further boost advances in the domestic AI industry by the year 2030.
Proliferation of smart factories and industrial automation worldwide
Ongoing developments in the smart factory and industrial automation space are expected to play a key role in driving future trends in the FPGA industry. Leading players in the market are looking to capitalize on these trends by developing novel FPGA powered solutions to support industrial automation operations.
In June 2019, Schneider Electric had set up its first smart factory in the U.S. with FPGA powered industrial robots, industrial communication devices, industrial control systems, human machine interface (HMI), and a related suite of offerings.
The advent of 5G, ongoing developments in the technology, and its widespread deployment over the next few years are likely to be important factors transforming the FPGA market outlook. 5G technology would require specific components and equipment for its deployment. This in turn is anticipated to create a significant demand for FPGA powered devices such as advanced antenna systems, telecom servers, and modulators, among other base station equipment.
About Graphical Research:
Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.
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