Technavio’s latest market research report on the global field-programmable gate array (FPGA) market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
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Technavio has published a new report on the global field-programmable gate array market from 2017-2021. (Graphic: Business Wire)
Sunil Kumar Singh, a lead analyst from Technavio, specializing in research on semiconductor equipment sector says, “The global FPGA market is expected to grow at a CAGR of close to 9% during the forecast period. The market is witnessing growth due to increased adoption in flourishing end-user segments such as telecommunications and consumer electronics. Demand for optimization in big data analytics is also leading to increased use of FPGAs in networking and storage applications.”
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The top three emerging trends driving the global FPGA market according to Technavio hardware and semiconductor research analysts are:
- Increased proliferation of IoT
- Automation in automobiles
- Increasing number of embedded processors in FPGA design
Increased proliferation of IoT
IoT is the latest trend in the global technology arena. IoT connects all essential home devices to the internet. This includes car, TV, laptop, coffee maker, automated door locks, GPS-enabled pet trackers, wearable devices, and mobile phones, forming a network of connected devices.
IoT comprises a staggering list of applications ranging from smart consumer electronics to wearables and automobiles. Designers must tackle significant implementation challenges, to deal with interfaces that are incompatible to IoT configuration, and create future systems that can accommodate billions of more devices and their performance requirements and processes. An FPGA-based design approach will assist in addressing these challenges due to their key ability of reprogrammability and low power consumption.
Automation in automobiles
Leading manufacturers such as Toyota, Audi, and Mercedes have invested considerable resources dedicated to R&D of automobile automation. Next-generation automobiles are expected to include speech recognition and video and image compatibilities, to provide optimal driving experience.
FPGAs allow multi-threading, which enables them to perform different functions in parallel. For instance, in Park Assist app, pictures are captured by cameras and are sent to a data fusion module. The data fusion module processes the image to display the corners of a car on the screen.
“Image processing functions such as image warping, analytics and object classification, and high dynamic range could be implemented on one chip using an FPGA due to its multi-threading feature. This allows fast booting of videos, enabling FPGAs to be widely used for surround-view camera systems and night vision systems in automobiles,” says Sunil.
Increasing number of embedded processors in FPGA design
Since 2012, the global FPGA market is witnessing an increase in the number of embedded processors in FPGA designs, to support growing demand for multiple function capability of FPGAs. This demand is further driven by emerging technologies such as IoT and new age smart devices such as wearables and their demanding processor requirements. FPGA modules can reduce power consumption and at the same time, improve on performance to deliver optimum output in reduced time.
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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