According to research by The Insight Partners, the FPGA Security Market by 2027 – Impact of COVID-19 and global analysis – by configuration (low-end FPGA, mid-range FPGA and high-end FPGA); Technology (SRAM, Flash and Antifuse); end users (telecom, consumer electronics, data center and computing, military and aerospace, industrial, automotive and other end users); and Geography, the market was valued at $2.06 billion in 2019 and is expected to reach $3.99 billion by 2027; It is expected to grow at a CAGR of 8.8% from 2020 to 2027.

The Asia-Pacific region is expected to offer major growth opportunities for the global players in the FPGA security market. The growing demand for consumer electronics, the increasing automation trend in the automotive and industrial sectors, and the increasing penetration of technologies such as AI, IoT, and cloud computing are some of the key factors driving the growth of the FPGA security market in APAC. China, Japan, Taiwan and South Korea are some of the key countries where most electronics and semiconductor manufacturers are located, and these companies continuously invest in R&D activities to keep up with the rapidly evolving technology landscape.

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According to the latest World Health Organization (WHO) situation report (8 June 2020), USA, Brazil, Russia, India, Spain, Italy, Germany, UK and China are some of the hardest hit countries to the currently active COVID-19 pandemic. The outbreak started in Wuhan (China) in December 2019 and has spread to different countries around the world. According to the latest WHO figures, there are a total of 6.93 million confirmed COVID-19 cases worldwide, with a total of around 400,800 deaths, and the number is growing at different rates in different countries. The COVID-19 crisis has affected various industries around the world, and the global economy is expected to face a slump in…