Telecom sector in Field Programmable Gate Array (FPGA) Market is Expected to Grow At A CAGR of 9% by 2022

The field programmable gate array (FPGA) market is segmented into various applications like telecom and automotive. Telecom sector is anticipated to witness substantial growth prospects owing to high flexibility. The segment is estimated to grow at 9% CAGR to account for over 34% of the FPGA market share by 2022. Heavy demand of bandwidth for video applications and growing use in base stations for 3G network to LTE network up gradation are few of the factors credited for sector growth.

Rising number of integrated circuits in vehicles is predicted to be a key aspect for automotive sector. Further, favorable government regulations for hybrid and electric vehicles to minimize green house emissions are predicted to positively affect sector growth. It contributed for more than 17% of total field programmable gate array (FPGA) market share for 2014 and is predicted to expand at CAGR of greater than 8.5% during forecast timeframe.

Global field programmable gate array (FPGA) market was evaluated at $5.28 billion for 2014 and is predicted to register CAGR of 8.41% during forecast period. Rising demand for customizable integrated circuits as well as from application fields is predicted to fuel industry expansion during forecast timeframe.

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Technological breakthroughs are predicted to drive field programmable gate array (FPGA) market share expansion. Arrays can be reprogrammed and posses prebuilt logic gates. They can be configured to execute required hardware functions. Software is created for online computing tasks that can be compiled into configuration file. Hence, when another circuitry configuration is recompiled, resultant FPGA becomes totally reprogrammed for particular application field. Another key advantage of using these chips is application of customized circuits at lesser price. They can also operate as customized microprocessors with associated peripherals.

APAC field programmable gate array (FPGA) market was evaluated at about $2.2 billion for 2014 and is predicted to surpass $4.3 billion by end of forecast timeframe. Countries like Taiwan, China, India, South Korea and Japan substantially contribute towards automotive sector and consumer electronics segment and this is the reason for industry growth in the region.

U.S. field programmable gate array (FPGA) market contributed more than 25% of the total revenue share for 2014. Large scale investments in aerospace and defense applications along with growth of telecommunications sector is predicted to fuel regional industry expansion during forecast timeframe.

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Key industry players profiled in the report includes Microsemi Corporation, Aeroflex Incorporation, Lattice Semiconductor, Achronix, Cypress Semiconductor, Xilinx Incorporation, Achronix Semiconductor Corporation, Atmel Corporation, Tabula, Altera Corporation, Intel Corporation, Texas Instruments and QuickLogic and Xilinx.