The North America Field Programmable Gate Array Market would witness market growth of 9.4% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 13,809.8 thousand units, showcasing a growth of 8.8% (2019-2022).
FPGA is adaptable, power-efficient, requires less time for development and has a low non-recurrent engineering (NRE) expenditure. The market expands as a result of these factors. The utilization of field programmable gate arrays holds significant promise for cost reduction and security enhancement, thereby presenting a promising opportunity for the market. The simplicity of the FPGA design cycle is due to the software that performs a significant portion of the placement, routing, and timing. Moreover, less manual intervention is required. In addition, the efficiency of the market analysis is enhanced by the elimination of time-consuming and intricate floor planning, place & route, and time analysis processes by the FPGA design flow.
Component manufacturers, original equipment manufacturers, semiconductor manufacturers, and service providers are all participants in the value chain of the market. Each of these participants contributes an individual value to the product's competitiveness at their respective points of operation. Every market participant contributes to the enhancement of the final product's value through their R&D efforts, innovations, marketing strategies, and attention to aesthetics.
Furthermore, market expansion is propelled by cloud customers' increasing adoption of FPGAs as Infrastructure-as-a-Service (IaaS) resources. In order to optimize their service-oriented operations, including but not limited to video conversion, network encryption, deep learning, and high-frequency trading, a number of cloud service providers are implementing field programmable gate arrays. For example, Amazon.com, Inc. simplifies complex engineering, scientific, and business problems that require enhanced networking, high bandwidth, and extremely high computing capabilities by utilizing FPGA coprocessors in the EC2 F1 virtual machine to accelerate customer hardware. The market is anticipated to be propelled by initiatives undertaken by market participants. Moreover, in an effort to expand their footprint on the market and improve the quality of their products, businesses are forming alliances and collaborations.
Canada boasts a thriving startup ecosystem focused on technology and innovation. As these startups venture into various high-tech domains, their R&D endeavours often demand high-performance computing solutions like FPGAs to drive innovation and product development. Thus, growing research and development investments in the semiconductors industry in the countries of North America will boost the demand for field programmable gate arrays in the region.
The US market dominated the North America Field Programmable Gate Array Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,759.9 Million by 2030. The Canada market is experiencing a CAGR of 11.9% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 10.9% during (2023 - 2030).
Based on Technology, the market is segmented SRAM, Antifuse, Flash, EEPROM, and Others. Based on Application, the market is segmented into Telecom, Automotive, Industrial, Consumer Electronics, Data Processing, Military & Aerospace, and Others. Based on Type, the market is segmented into Low-end, Mid-range, and High-end. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Field Programmable Gate Array Market is Predict to reach $20 Billion by 2030, at a CAGR of 10.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cobham Advanced Electronic Solutions, Intel Corporation, Taiwan Semiconductor Manufacturing Company Limited, Broadcom, Inc., Achronix Semiconductor Corporation, QuickLogic Corporation, Microsemi Corporation (Microchip Technology), United Microelectronics Corporation, Xilinx, Inc. (Advanced Micro Devices, Inc), Lattice Semiconductor Corporation.
By Technology (Volume, Thousand Units, USD Billion, 2019 to 2030)
By Application (Volume, Thousand Units, USD Billion, 2019 to 2030)
By Type (Volume, Thousand Units, USD Billion, 2019 to 2030)
By Country (Volume, Thousand Units, USD Billion, 2019 to 2030)
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