San Francisco, 22 February 2019: The Report Field Programmable Gate Array (FPGA) Market Analysis By Technology (SRAM, EEPROM,
Antifuse, Flash), By Application (Consumer Electronics, Automotive, Industrial,
Data Processing, Military & Aerospace, Telecom), And Segment Forecasts,
2018 - 2024
The global field programmable gate array market size is anticipated to reach to USD 14.2 billion by 2024,
according to a new report by Grand View Research, Inc. Increasing application
of FPGAs in various industries to develop products with differentiating
features is expected to drive their demand over the forecast period.
The military & aerospace segment is
anticipated to fully exploit the capabilities of FPGAs for developing
multifaceted warfare electronic systems that can be custom programmed even on
the field. Increasing use of FPGAs in the automotive and consumer electronics
industry across emerging and developed economies is a key factor expected to
impel the market growth over the forecast period.
The distinguishing feature of FPGAs to be
erased and reprogrammed after manufacturing makes them unique from other
integrated circuits. The increasing need for customization of functionalities
which can provide differentiating features to its users is the key factor
anticipated to drive the FPGA market over the forecast period. With improved
technologies such as the SRAM, flash, and antifuse-based FPGAs, the demand for
the field-programmable gate arrays is further expected to increase during the
forecast period.
On account of growing complexity in design,
reduction in response time of the circuit, and reuse of the design, verifying
FPGA circuits is necessary. The absence of a specified/ uniform technique for
verification is a major challenge for the FPGA market. The overlapping market
of field programmable gate array with other Integrated Circuits (ICs) is also a
challenge which may challenge its growth over the forecast period.
Further key findings from the report suggest:
· The Static Random Access Memory (SRAM)
technology generated the highest revenue in the year 2015; it is expected to
maintain its dominance throughout the forecast period owing to its reliability
as it is nonvolatile, simple in design, and consumes low power
· The flash-based FPGAs are expected to grow
at the highest CAGR of approximately 10% from 2016 to 2024, which can be
attributed to their differentiating features such as being erasable,
reprogrammable, and nonvolatile
· Application of FPGAs is highest in the
telecom industry; this sector constituted over 30% of the global FPGA revenue
in 2015 and is projected to continue being the largest user of
Field-Programmable Gate Arrays by 2024
· Asia Pacific is anticipated to witness a
considerable growth at an estimated CAGR of close to 11% from 2016 to 2024 as a
result of significant increase in automotive hubs and consumer electronics
industries in Japan, India, China, South Korea, and other Asia Pacific
countries
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/semiconductors
Grand View Research has segmented the FPGA
market by technology, application, and region.
FPGA Technology Outlook (Revenue, USD
Million; 2014 - 2024)
·
SRAM
·
EEPROM
·
Antifuse
·
Flash
·
Others (Fuse, EPROM, PROM)
FPGA Application Outlook (Revenue, USD
Million; 2014 - 2024)
·
Consumer Electronics
·
Automotive
·
Industrial
·
Data Processing
·
Military & Aerospace
·
Telecom
·
Others
FPGA Regional Outlook (Revenue, USD
Million; 2014 - 2024)
·
North America
·
Europe
·
Asia Pacific
·
South America
·
Middle East & Africa (MEA)
Access Press Release of
FPGA Market@ www.grandviewresearch.com/press-release/global-fpga-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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