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.
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.
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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.
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.
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Surging use of these products in the healthcare sector for medical imaging equipment is expected to drive Field Programmable Gate Array market size. Growth in this sector can be credited to requirement of high performance computing capabilities. The automotive industry is projected to be a key contributor for due to rising usage of electronic content in rear-view cameras, driver assistance, infotainment, as well as in electric vehicles.
developed an FPGA that integrates 11.3 Gbps transceiver to achieve high-speed bandwidth needs for MAC, next-generation framer, bridging, and switching applications for 100 GbE. Furthermore, rising service providers focus on increasing operational efficiency, reducing costs associated with network deployments, reduction in energy-related expenses, and increasing utilization of clean energy sources is predicted to drive Field Programmable Gate Array market growth.
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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.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.