Field Programmable Gate Array market size to surpass USD 9 billion by 2022, extensive demand from telecom applications to propel the industry growth
Publisher : Fractovia | Published Date : 2017-04-04Request Sample
Field programmable gate array market is slated to generate noticeable revenue across the globe, owing to the growing usage of the integrated control systems (ICs) across various application areas such as industrial, automotive, and consumer electronics. As per the report by Global Market Insights, Inc., “Worldwide field programmable gate array market was worth USD 5.27 billion in 2014 and will increase at an annual growth rate of 8.4% over the coming years of 2015 to 2022.” Extensive usage of FPGAs in video processing, flat panel display, battery management, operating mode, and video board to improve the bandwidth quality, coupled with huge investments in technological development activities will also stimulate FPGA industry size.
Based on the application trends, field programmable gate array market is primarily segmented into automotive, telecom, data processing, consumer electronics, industrial, and military & aerospace. Off late, the deployment of integrated control systems (ICs) in the vehicles has increased considerably. This, in turn, will boost FPGA market size in the automotive applications, which will register an annual growth rate of more than 8.5% over the coming years of 2015 to 2022. Additionally, shifting consumer trends toward hybrid and electronic vehicles and the growing consciousness regarding environmental pollution among the global population will favorably influence field programmable gate array industry size.
Asia Pacific FPGA market size by application, 2012-2022 (USD Million)
The telecom application covered over 33% of the total market share in 2014 and is predicted to dominate the industry size over the coming five years. Increased product utilization in telecommunication networks (upgradation from 3G technology to LTE) is projected to impact the telecom application revenue share positively over the coming five years. The consumer electronics application segment will favor overall market growth, owing to the growing adoption of the electronic devices such as tablets, smartphones, and mobiles across the globe.
Asia Pacific field programmable gate array market size is projected to get doubled by 2022
Considering North America field programmable gate array industry, U.S covered more than 25% of the regional market share in 2014 and will grow at a noticeable growth rate over the period of 2015 to 2022. U.S. is investing heavily in the aerospace and military applications, which will stimulate the demand for FPGAs across this region. In addition, escalating developments across the telecom industry will also fuel the requirement for FPGAs in the United States, driving the regional growth.
Asia Pacific field programmable gate array market was worth about 2.1 billion in 2014 and is expected to generate a revenue of more than USD 4.2 billion by 2022, owing to the growing product demand across the expanding automotive and consumer electronics sector. India, Taiwan, China, South Korea, and Japan will be the major regional revenue contributors.
The industry is consolidated with key players having accumulated more than 80% of the worldwide industry share in 2014. Noteworthy participants in field programmable gate array market are Lattice Semiconductor, Xilinx Inc., Cypress Semiconductors, Altera Corporation, QuickLogic Corporation, and Microsemi Corporation.
