Global Field-Programmable Gate Array (FPGA) Market: Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019
Albany, New York (PRWEB) July 21, 2014
Field-Programmable Gate Array (FPGA) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019, the report by Transparency Market Research provides invaluable insights about the global market of field programmable gate arrays (FPGAs). The report states that the global field-programmable gate array market, which had an estimated market value worth nearly USD 5.08 billion in 2012, could observe growth at a CAGR of 8.5% from 2013 to 2019, the forecast period of the report, and achieve market value worth USD 8.95 billion by 2019.
Title: Field-Programmable Gate Array (FPGA) Market
Published: 10 October 2013
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Field programmable gate arrays (FPGAs) are the integrated circuits that can be reconfigured after being manufactured. Unlike application specific integrated circuits (ASICs) that are directed for use in specific applications only and that cannot be programmed again to suit another application, FPGAs allow the end-user to program functions and product features, adapt to a new development and reconfigure for hardware of different applications even after the circuit has been installed in field, thus the name “field-programmable”. FPGAs are also very useful in the verification and testing hardware without having to adhere to the complete fabrication process; with only a few changes in the circuitry of an FPGA, the programmer can allow tests for multiple iterations on the FPGA circuits.
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Possible customization of a single IC and the ability of modelling it for a varied number of applications is the single most exciting feature of FPGAs making them desirable by a number of application areas. FPGAs are also in huge demand from the medical imaging industry for their high performance abilities. Specific factors that could drive the global FPGA market include the rising adoption of 3G and LTE technologies and the rising demand for high-speed wireless internet in portable devices. Additionally, the use of FPGAs in flat panel displays would add significantly to market growth of this industry. This is owing to the rising popularity of smart phones, palmtops, tablet with advanced flat panel displays and touch screen functionalities.
Rising contents of electronic devices in automotive and hybrid cars, which employ FPGAs in significant numbers, could also help the industry flourish. However, the continuation of use of substitutes such as ASICs and application specific standard products in some applications may hinder the growth of this market to some extent. Product-wise, the use of FPGAs in SRAMs accounted for the highest influx of revenues for this market in 2012, an estimated 76% of the total global revenues. This market segment is expected to maintain its lead in the coming years too, adds the report.
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Application-wise, the segment of telecommunications is expected to grow at the fastest rate during the forecast period of the report, at an estimated CAGR of 9.0%. The market of FPGAs in Asia Pacific accounted for an estimated USD 2.04 billion in 2012, the largest market share, and is expected to continue its dominance in the market in the coming years as well.
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