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
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)
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.
For More Information: www.grandviewresearch.com
