San Francisco, California (PRWEB) May 28, 2014
The global Field-Programmable Gate Array (FPGA) market is expected to reach USD 9,882.5 million by 2020, according to a new study by Grand View Research, Inc. Increasing demand for consumer electronics such as smartphones is expected to be the key driving force for the market over the next six years. Growing electronic content in automotive and penetration of Electric Vehicles (EV) and Hybrid Electric Vehicles (HEV) is also expected to drive the market over the forecast period.
Miniaturization of devices has spurred FPGA demand across application areas. Additionally, considerable technological advancements coupled with bandwidth demand in wireless networks is expected to positively impact the global industry. The use of FPGA in medical imaging applications is expected to be a growth opportunity, since they are reprogrammable and reusable. The presence of Application-Specific Integrated Circuits (ASICs) as viable FPGA substitutes may hamper market growth over the next six years.
The report “FPGA Market Analysis By Application (Automotive, Consumer Electronics, Data Processing, Industrial, Military And Aerospace, Telecom) And Segment Forecasts To 2020” is available now to Grand View Research customers at http://www.grandviewresearch.com/industry-analysis/fpga-market.
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Further key findings from the study suggest:
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For the purpose of this study, Grand View Research has segmented the global FPGA market on the basis of application and region:
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About Grand View Research
Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, 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 energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit http://www.grandviewresearch.com.
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