According to the research report titled ‘Asia Pacific Field Programmable Gate Array (FPGA) Market Size, By Process Technology, Architecture, Configuration, Application, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 - 2026‘, available with Market Study Report, Asia Pacific field programmable gate array market size is predicted to reach USD 5.5 billion by the year 2026.
 

Rising adoption of Internet of Things (IoT) technology in banks, government institutions, and enterprises are propelling Asia Pacific field programmable gate array market growth. Further, various benefits of FPGA in IoT applications such as strong security, flexibility to customize hardware & software, and optimization of development time are strengthening the product demand.
 

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In terms of process technology, <28nm segment in Asia Pacific field programmable gate array market is expected to record a CAGR of 14% during the forecast period owing to constant improvements and advancements in the technology & design of FPGA to enhance customer experience.  
 

Based on configuration, Asia Pacific field programmable gate array industry from low-range segment is accruing notable gains in recent times and is predicted to grow with a CAGR of 13% during the forecast period. Rising demand for devices that utilize low power such as wireless equipment, portable electronic devices, automotive, and edge computing devices is driving the segment growth.  Characteristics like lower complexity in the chip, decreased logic density, and high-power efficiency are encouraging the use of low-range FPGA products.
 

With regards to the application scope, consumer electronics segment in Asia Pacific field programmable gate array market is estimated to register a growth rate of 11% during the forecast period. Application of FPGA solutions in various consumer electronics products such as smartphones, digital cameras, gaming consoles, and smart TVs, and others is fueling the segment growth. Further, growing emphasis among industry players towards implementation of AI technology in consumer electronics devices for product differentiation is augmenting the market growth.
 

Major players influencing Asia Pacific field programmable gate array industry trends are EnSilica India Pvt. Ltd., Achronix Semiconductor Corporation, QuickLogic Software Pvt. Ltd., Enclustra GmbH, Aldec, Inc., Intel Corporation, Cyient Ltd., Lattice Semiconductor Corp., Xilinx, Inc., Flex Logix Technologies, Inc., Microsemi Corporation, Mistral Solutions Pvt. Ltd., and GOWIN Semiconductor Corp.