FPGA Security Market 2021-2031: Market Share and Forecast
The FPGA security market size is projected to reach US$ 5.32 billion by 2031 from US$ 2.63 billion in 2023. The market is expected to register a CAGR of 9.2% in 2023–2031. The advent of Industry 4.0 and the evolution of 5G technology is likely to remain a key FPGA security market trend.
FPGA Security Market Analysis
The FPGA security market is growing at a rapid pace due to the growing popularity of data centers and cloud computing and the integration of FPGA security technology into advanced driver-assistance systems. The market is expanding steadily, driven by the rising demand for FPGA security in connected vehicles, intelligent buildings, power grids, and urban infrastructure. Moreover, the increasing demand for FPGA security from the telecommunications industry is providing lucrative opportunities for market growth.
FPGA Security Market Overview
Field programmable gate array (FPGA) security is a silicon integrated circuit (IC) device/chip made up of memory, arrays of programmable logic gates, or other components. Industries can use these FPGA arrays to design their own digital circuitry. Industries can also overwrite current configurations by adding additional functionality or meeting application requirements. The programming of FPGA security is as simple as using a single logic gate, such as the OR AND function. This security solution supports manufacturers to secure their designs, authentication, and confidentiality information of internal FPGA hardware. The demand for FPGA security is associated with the expanding telecommunications industry, and the growing deployment of ICs to address high bandwidth requirements is boosting the market.
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FPGA Security Market: Strategic Insights
Market Size Value in US$ 2.06 Billion in 2019 Market Size Value by US$ 3.99 Billion by 2027 Growth rate CAGR of 8.8% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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FPGA Security Market: Strategic Insights
| Market Size Value in | US$ 2.06 Billion in 2019 |
| Market Size Value by | US$ 3.99 Billion by 2027 |
| Growth rate | CAGR of 8.8% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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FPGA Security Market Drivers and Opportunities
Growing Popularity of Data Centers and Cloud Computing is Driving the Market
Data security solutions have become increasingly important due to the growing popularity of data centers and cloud computing. Cloud security architects can improve data center authentication by implementing bitstream authentication technologies. Various industries are focusing on safeguarding data transmission endpoints from hazardous data, which increases the demand for FPGA security among industries. FPGAs can provide industrial controls with higher levels of security for periodically updated antivirus databases. Cyberattacks commonly target various network topologies with minimal encryption and security measures, which increases the adoption of FPGA security to protect data against cyberattacks. FPGAs worked with reprogrammed algorithms and cryptographic protocols to accelerate loop execution and parallelization. This supports industries in securing their data and information from external threats.
Increasing Demand for FPGA Security from the Telecommunications Industry – An Opportunity in the FPGA Security Market
The telecommunications industry is one of the most promising, with a strong need for FPGA security solutions. The global telecom industry is expanding due to increased investment and development in communication infrastructure in both developed and developing countries. The adoption of IoT, AI, and edge computing technologies are shifting customer needs and preferences for advanced security solutions are creating opportunities for companies operating in the telecommunications industry.
The industry involves complex operations, rising customer demand for data security, and the operating requirements of equipment/hardware used in their industry, generating significant opportunities for market growth. FPGAs are widely used in this business for a range of applications, such as packet processing and data packet switching. Significant benefits provided by FPGAs, such as ease of configurability, flexibility, effective hardware acceleration, low latency operations, and low prices, are creating opportunities in the telecommunication industry.
FPGA Security Market Report Segmentation Analysis
Key segments that contributed to the derivation of the FPGA security market analysis are configuration, technology, and end user.
- Based on configuration, the FPGA security market is divided into low-end FPGA, mid-range FPGA, and high-end FPGA. The low-end FPGA segment held a larger market share in 2023.
- Based on technology, the FPGA security market is divided into SRAM, flash, and antifuse. The SRAM segment held a larger market share in 2023.
- On the basis of end user, the market is segmented into telecommunications, consumer electronics, data centers and computing, military and aerospace, industrial, automotive, and other end users. The telecommunications segment held the largest share of the market in 2023.
FPGA Security Market Share Analysis by Geography
The geographic scope of the FPGA security market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
In terms of revenue, Asia Pacific accounted for the largest FPGA security market share, due to growing demand for data processing, high-performance computing, and efficient working solutions in the data center environment. The evolution of modern data centers surged the demand for FPGA security for handling complex tasks. Increasing investment by industries to develop robust data center infrastructure is creating demand for FPGA security for securing data from threats. The market in Asia Pacific is projected to expand during the forecast period, due to growing demand for high-speed mobile devices and broadband services. The market in India and China is growing at a significant pace owing to growing usage of mobile devices, expansion of telecommunication, and rising demand for broadband services.
FPGA Security Market Report Scope
FPGA Security Market News and Recent Developments
The FPGA security market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for FPGA security and strategies:
- In September 2023, Lattice Semiconductor Corporation announced the Lattice CrossLinkU-NX FPGA family, the industry’s first FPGAs with integrated USB device functionality in their class. CrossLinkU-NX FPGAs help accelerate USB-equipped system designs and simplify thermal management through a combination of a hardened USB controller and physical layer (PHY), a unique low-power standby mode, and a complete set of reference designs. (Source: Lattice Semiconductor Corporation, Press Release, 2023)
- In June 2023, Microchip Technology Inc. launched the industry’s most power-efficient mid-range FPGA industrial edge stack, ready-to-customize cryptography and boot libraries of soft intellectual property (IP), and new tools to convert existing FPGA designs to PolarFire devices. It also enables secure edge-to-compute analytics, machine learning, and high-availability data interconnect for Industrial IoT endpoints. (Source: Microchip Technology Inc., Press Release, 2023)
FPGA Security Market Report Coverage and Deliverables
The “FPGA Security Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Configuration ; Technology ; End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The global FPGA security market was estimated to be US$ 2.63 billion in 2023 and is expected to grow at a CAGR of 9.2% during the forecast period 2023 - 2031.
The growing popularity of data centers and cloud computing and the integration of FPGA security technology into advanced driver-assistance systems are the major factors that propel the global FPGA security market.
The advent of Industry 4.0 and the evolution of 5G technology is anticipated to play a significant role in the global FPGA security market in the coming years.
The key players holding majority shares in the global FPGA security market are Achronix Semiconductor Corporation, Efinix, Inc., Flex Logix Technologies, Inc., Intel Corporation, and Lattice Semiconductor Corporation.
The incremental growth expected to be recorded for the global FPGA security market during the forecast period is US$ 2.69 billion.
The global FPGA security market is expected to reach US$ 5.32 billion by 2031.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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