The FPGA market was worth USD 5, 386 million in 2013. It is estimated to earn over USD 9, 880 million by 2020, at about 9% CAGR during 2014 to 2020 (forecast period). Integrated circuits (ICs) or programmable semiconductor instruments constitute FPGAs. FPGA stands for Field Programmable Gate Array.
FPGAs can be reprogrammed according to required functionalities & applications. They provide numerous benefits like quick prototyping, low costs, simple debugging, and decreased product obsolescence. Huge demand for customized integrated circuits propels the FPGA market.
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In addition, telecom innovations like LTE & 3G technologies, coupled with demand for high performance & power effective IC designs, will favour the market in the forecast period. Also, wireless networks demand more bandwidth, which could contribute market incomes.
Automotive electronic applications and electric & hybrid vehicles (using FPGAs) should also steer the FPGA market from 2014 to 2020. Demand from medical imaging is projected to boost market sales. Nevertheless, the availability of replacements like ASIC technology & others across applications and design complications in FPGAs could hinder the market.
The market is bifurcated into applications and regions. In regards to applications, telecom captured 33% shares in 2013. It would maintain dominance during the coming six years. Wireless network applications majorly use FPGA products. Consumer electronics and automotives can expand at a pace higher than the worldwide average in the future.
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In consumer electronics, the wide recognition of high-tech touch screens, tablets, and smartphones would drive FPGA demand. The FPGA market also finds applications in GPS maps, 3D visualization, and advanced front light & collision avoidance systems. Moreover, usage across aerospace and defence may further the market. Considering regions, the market was led by Asia Pacific in 2013.
This region could also dominate the market in the forecast period. It may expand at over 9.3% CAGR in the same. This would be attributed to multiple FPGA applications in telecom and consumer electronics. Europe generated about USD 1, 175 million in 2013 and is anticipated to grow at a pace lower than the total average.
Major players of the worldwide FPGA market comprise Atmel Corporation, Lattice Semiconductor, Aeroflex Inc, Microsemi Corporation, and Cypress Semiconductor.
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