NEW YORK, Nov. 29, 2017 (GLOBE NEWSWIRE) -- Global field-programmable gate array (FPGA) market is expected to increase from USD 7,116.6 million in 2016, to USD 12,989.1 million in 2023, at a CAGR of 9.0% from 2017 to 2023. The factors driving the global field-programmable gate array (FPGA) market are increasing demand for smart-phones and hand held devices, increasing demand for bandwidth in wireless networks, and growing demand for electronics components in automobile industry. Increasing need for customization of functionalities such as erasable and programmable memory and high demand for ADAS (Advanced Driver Assistance System) for GPS control and 3D visualization in automobile sector fuels the global FPGA market. FPGA is used in developing multifaceted warfare electronic systems for defense & aerospace industry thus propelling the growth of the FPGA market. Threat from application-specific integrated circuit (ASIC), ASSP and DSP and lack of standardization verification technique may hinder the market growth.
FPGA circuits are designed to reduce the response time of the circuits. FPGA circuits increases the throughput of systems and decreases data center load makes FPGA more popular in financial sector while financial data processing. High processing speed, flexibility of circuit designs, and a low turnaround time features of the PFPGA circuits facilitates quick customer service for wireless and wire-line communication solution in the telecom industry.
The Asia-Pacific region held the largest share of the global field-programmable gate array (FPGA) market in 2016. Asia-Pacific region is expected to be the fastest growing market in the global field-programmable gate array (FPGA) market during the forecast period. The factors driving the growth of the FPGA market in the Asia-Pacific region are increasing demand of smart-phones and hand held devices and rising disposable income in the region.
Key Players operating in the global field-programmable gate array market are Altera Corp., Xilinx Inc, Microsemi Corporation, Lattice Semiconductor Corporation, Tabula, Achronix Semiconductor Corporation and Cypress Semiconductor Corporation. Altera Corp. and Xilinx Inc. hold the major share (almost 5/6th percent) of the market share.
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Key Findings of the Global field-programmable gate array (FPGA) market report:
- The Global field-programmable gate array (FPGA) market is expected to reach USD 12,989.1 million by 2023
- Based on types:
- The Static Random Access Memory (SRAM) technology segment held the major share of the global field-programmable gate array (FPGA) market in 2016 owing to the factors such as non-volatile, reliability, simple design and consumes less power
- EEPROM segment is expected to be the fastest growing segment in the global field-programmable gate array (FPGA) market
- Flash based FPGA circuits are expected to witness significant growth rate during the forecast period
- On the basis of application:
- The telecom was the largest application segment in 2016
- Automotive segment is anticipated to be the fastest growing segment
- FPGA market is expected to witness progressive growth rate in the financial sector during the forecast period
- Asia-Pacific region held the major market share in the global FPGA market in 2016 and is expected to be the fastest growing market in the global field-programmable gate array (FPGA) market during the forecast period
Global field-programmable gate array (FPGA) market–making circuits responsive and efficient to be implemented in automobile and consumer electronics sector
FPGA circuits are being incorporated in various industries and are widely used in automobiles, consumer electronics, industrial, data processing, telecom, aerospace and defense. FPGA circuits designed to reduce the response time of the circuits in various electronics components. Furthermore, the increasing demand of hand held devices such as smart-phones makes FPGA circuits more popular among various industries. FPGA circuits are resistant to unauthorized bit stream copying and immune to firm errors with low power usage features which makes it favorable for aerospace and defense sector.
Global field-programmable gate array (FPGA) market- Regional Insight
The Asia-Pacific region held the largest share of the global field-programmable gate array (FPGA) market in 2016. Increasing demand for smart-phones and hand held devices, increasing demand for bandwidth in wireless networks, and growing demand for electronics components in automobile industry are the major driving factors for the global field-programmable gate array (FPGA) during the forecast period. Asia-Pacific region is expected to be the fastest growing market in the global field-programmable gate array (FPGA) market during the forecast period. The factors driving the growth of the FPGA market in the Asia-Pacific region are increasing demand of smart-phones and hand held devices and rising disposable income in the region. Countries such as China, Japan, India, Taiwan, and South Korea are key markets for industrial, consumer electronics, and automotive applications.
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