Field Programmable Gate Array Market Projected To Surpass $10 Billion By 2024 | Hexa Research

Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future
Latest research on Field Programmable Gate Array (FPGA) Market Size, By Application (Data Processing, Industrial, Automotive, Consumer Electronics, Telecom, Military & Aerospace), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2016 – 2024

Field-programmable gate array (FPGA) is an integrated circuit which can be reprogrammed according to the application or functionality. In this way, it can be mass-produced to be used in major consumer electronics. It offers benefits such as rapid prototyping, easy debugging, and low risk & cost.

Browse Report summary and Table of Contents of “Field-Programmable Gate Array Market” @

The FPGA market is projected to attain above USD 10 billion by 2024. It stood near USD 6 billion in 2015. It is projected to exhibit a CAGR of over 9% over the forecast period (2016-2024). Customized integrated circuits are a key driving factor of the market.

Electronic utilities and demand for additional devices in automotives can result in a market upswing. This can lead to the growth of Hybrid Electric Vehicles (HEVs), resulting in additional demand for FPGA. Design complexities and substitute technology like Application Specific Integrated Circuits (ASICs) could pose a market challenge.

Inquire about the report @

The field-programmable gate array market is segmented by applications and geographies. Automotive, telecommunication, consumer electronics, data processing, military and aerospace, and industrial constitute as major market applications. Telecom had a 33% market share in 2013. It is estimated to grow at a 9.8% CAGR till 2024.

Consumer electronics had a 12% revenue share in 2015 and expects a rapid growth rate over the next six years. Prominent use of technologies such as 3D visualization, advanced front-lighting system (AFS), GPS maps, and collision avoidance system in automotives, will boost this segment’s demand. Moreover, military and aerospace applications like SONAR and RADAR in unmanned vehicles and warfare are expected to contribute to the FPGA market growth.

Related Reports @
Industrial Robotics Market
Power Transformer Market

Regions covered by the market are North America, Europe, Asia Pacific, and RoW (Rest of the World). Asia Pacific was the largest field-programmable gate array market in 2015, owing to applications in consumer electronics and telecommunications. This region is likely to grow at a CAGR above 9% during the forecast period. Telecom sector in North America was valued to be USD 540 million in 2013. It is predicted to exhibit the fastest growth rate from 2016 to 2024. Industrial and automotive applications will serve as key drivers for this region.

Notable players of the FPGA market are Altera, Lattice Semiconductor, Microsemi Corporation, and Xilinx. Technological improvements and product launches are common strategies adopted by these players.

Browse Related Category @

About Us:

Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Media Contact
Company Name: Hexa Research
Contact Person: Michelle Thoras and Ryan Shaw
Email: Send Email
Phone: +1-800-489-3075
Address:Felton Office Plaza, 6265 Highway 9
City: Felton
State: California
Country: United States