Yes, and yet plenty of tools and products target that market anyway. Especially since while a good chunk of it is hobbyist use, another large chunk is small-run electronics where relatively high price tags can easily be justified. But even in the hobbyist space, while the people who would actually use the tools are few in numbers, many hobbyist projects get built in the 100's or even thousands - whether by end-users themselves or by people selling them to end users. FPGAs are often a good chunk of the cost of projects like that.