Farmington, May 04, 2023 (GLOBE NEWSWIRE) -- The Global Embedded Field Programmable Gate Array (FPGA) Market Was Valued At USD 73.2 Million In 2022, And Is Projected To Reach USD 310.3 Million By 2030, Growing At A CAGR Of 15.6% From 2023 To 2030. The global market for connected security has expanded significantly over the past few decades, and its expansion is anticipated to continue at a slower rate over the next few years. However, a rise in COVID-19 cases compels all nations to take precautions. This caused factories to cease production and disrupted the supply chains for basic materials in numerous nations. In addition, the growing digital revolution and advanced technologies, such as IoT and connected technology, in developing nations are anticipated to fuel the growth of the embedded security market in the coming years.
Request Sample Copy of Report “ Embedded Field Programmable Gate Array (FPGA) Market Size, Share & Trends Estimation Reports By Type Outlook (EEPROM, Anti fuse, SRAM, Flash, Others), By Application Outlook (Data processing, Consumer electronics, Industrial, Military & aerospace, Automotive, Telecom, Others), By Region and Forecasts, 2022-2030.”, published by Contrive Datum Insights.
Segmentation Overview:
Type Outlook:
Because advanced security technology for connected devices is being used more and more in the automotive industry, the hardware segment had the most sales and revenue in 2021, and this trend is expected to continue for the rest of the forecast period. It's because more and more connected and embedded devices are being used in aerospace, defence, and services, which offers the best growth prospects with the highest CAGR over the forecast period.
Application Outlook:
The payment segment made the most money. This is because more and more people want secure payment systems in banking and finance systems. In developing countries like India, more money is being sent online through mobile devices. With more people paying for things online, there will likely be more demand for payment security. The authentication segment will come after this. This will keep happening during the time frame predicted. Due to the growing use of social media and online content creation for digital marketing, the content protection segment will have the highest CAGR over the next five years.
Regional Analysis:
Asia-Pacific market was worth $4.35 billion USD, and it is expected to keep growing because it is the largest market in the world. The market in the Asia-Pacific region is being driven by the growing use of embedded device security and critical infrastructure protection devices in the aerospace and defence sector and the auto industry. Also, the best companies are using business strategies like growing their businesses, working together, and making new products, which is helping to move the market in the Asia-Pacific region.
During the period covered by the forecast, Asia-Pacific is expected to grow the most. It's because China and Japan are home to some of the best companies in the world. Also, there are more and more SMEs and companies that make security equipment in developing countries like Japan, South Korea, and Singapore. The market in the region is being driven by the growing use of IoT in the power, energy, and utility industries. Some local government agencies have been working on embedded and Internet of Things (IoT) security in order to drive the market in the area.
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Scope of Report:
| Report Attributes | Details |
| Growth Rate | CAGR of 15.6% from 2023 to 2030. |
| Revenue Forecast by 2030 | $310.3 Million |
| By Type |
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| By Application |
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| By Industries |
|
| By Companies |
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| Regions and Countries Covered |
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| Base Year | 2022 |
| Historical Year | 2017 to 2022 |
| Forecast Year | 2023 to 2030 |
Market Dynamics:
Restraining Factors:
Industry growth will be slowed down Due to the lack of skilled workers and the high cost of starting up,
In recent years, this system has grown in popularity. But the basic price of a single physical security device and a single communication security device is higher than the price of a standard security system. The internal parts of a security system, like the transmitters, receivers, and sensors, are more expensive, which directly affects the main retail price of the system. Also, SME industries and individual users can't afford to update their security systems or use the new embedded technology because it's too expensive. Also, the lack of skilled workers who are needed to make embedded devices could slow the growth of the market over the next five years.
Latest Trends:
IoT applications are increasing, which is driving up the demand for embedded security.
Technology is growing faster than ever before right now. Every day, technology changes and brings us new tools and ways of doing things. It's not just about computers and apps on phones. It's all about AI and Internet of Things (IoT) devices, which are used a lot in people's daily lives. IoT is becoming more and more important in every industry. It is used in industrial automation, medical devices, aeroplanes, smart home units, cars, and many other places. Authentication and managing who has access have become very important for a smart home. This growing use of IoT makes it more likely that connected devices will have security problems. This also makes it more likely that cyber threats from the outside will attack running systems, which will hurt the way the device works and cause data loss. In order to avoid this, more and more embedded security devices are being used.
Driving Factors:
Market Value to Surge Due to more people wanting security to be built into electric and hybrid vehicles,
The market for electric cars keeps growing and getting more mature every day. People are actively looking for cars that don't use traditional fossil fuels. These cars should be easy on both your wallet and the environment. To meet all of these needs, more and more places to charge electric cars must be set up at homes and on roads. To protect their critical infrastructure, it is important that this charging point is safe. It's hard to handle all of the security problems in the system because the electric vehicle and charging point have complicated designs and pose different safety risks. This problem can be fixed with the help of an embedded device security system. With more embedded and connected software in cars, it's important to make sure that electric vehicles are safe. The need for embedded device security hardware in electric vehicles grows as the number of electric vehicles and connected devices in smart and hybrid cars goes up.
Key Segments Covered:
Top Market Players:
- Intel
- Xilinx
- Lattice Semiconductor
- Micro semi
- Microchip Technology
- Achronix
- Others.
By Type
- EEPROM
- Antifuse
- SRAM
- Flash
- Others
By Application
- Data processing
- Consumer electronics
- Industrial
- Military & aerospace
- Automotive
- Telecom
- Others
By Industries
- Government
- Healthcare
- Retail
- Manufacturing
- Others
Regions and Countries Covered
- North America: (US, Canada, Mexico, Rest of North America)
- Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
- Asia-Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
- The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
- Latin America: (Brazil, Argentina, Rest of Latin America)
- Rest Of the World
Check out more related studies published by Contrive Datum Insights:
- Field-Programmable Gate Array (FPGA) Market - The Global Field-Programmable Gate Array (FPGA) Market size was valued at USD 7.06 Billion in 2021 and is projected to reach USD 22.10 Billion by 2030, growing at a CAGR of 15.12% from 2022 to 2030.
- NOR Flash Market - The Global NOR flash memory market is estimated at USD 28.7682 million in 2022 and is projected to register a CAGR of 5.79% during the forecast period 2022-2030.
- Embedded Security Market - The Global Embedded Security Market Size Was Valued At USD 8.04 Billion In 2021. The Market Is Projected To Grow From USD 8.23 Billion In 2022 To USD 17.03 Billion By 2030, Exhibiting A CAGR Of 10.9% During The Forecast Period.
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