Field-Programmable Gate Array (FPGA) is a programmable integrated circuit (IC) or semiconductor device. The device could be reprogrammed as per preferred functionality or application requirement such as Application Specific Integrated Circuits (ASICs) that are function-specific. FPGAs offer several advantages such as rapid prototyping, easy debugging, low cost and lower the danger of product annihilation. Increasing need for customizable integrated is expected to drive the FPGA market.
Growing demand for high performance IC designs and power efficient is expected to provide positive avenues to the market growth. Additionally, technological advancement in the telecom sector such as LTE and 3G technologies is estimated to favor the market growth. Increasing demand for bandwidth in wireless networks is projected to boost the market over the next five years.
Browse Detail Report With TOC @ http://www.hexaresearch.com/research-report/fpga-field-programmable-gate-array-industry/
Increased usage of electronic equipments in automotive industry and the launch of electric and hybrid vehicles using FPGA are also estimated to drive the market. Rising FPGA requirement in medical imaging is anticipated to fuel the market growth over the forecast period. However, use of alternatives such as ASIC technology and design complexities in FPGA is likely to pose a threat to the market growth. Worldwide FPGA market was accounted at USD 5,384.23 million in 2013 and is estimated to make USD 9,884.5 million by 2020, increasing at a CAGR of 9.3% from 2013 to 2020.
Telecom industry accounted for 34% of the market in 2013 and is projected to continue to dominate the market over the foreseeable period. FPGA devices are broadly used in wireless network applications. Additionally, consumer electronics and automotive is anticipated to nurture at a rate more than the global average over the next five years. In the consumer electronics sector, increasing popularity of advanced touch screen functions, smart phones, tablets phablets, etc is projected to boost the market demand over the next five years.
Advanced Driving Assistance System (ADAS) such as AFS (Advanced Front-lighting System), GPS maps, collision avoidance system, 3D visualization, etc make wide use of FPGA devices. Additionally, FPGA technology in aerospace and military applications such as unmanned vehicles, warfare electronics, RADAR and SONAR; etc is also estimated to favor the market growth.
Asia Pacific was the prime regional market in 2013 and is likely to maintain its leadership over the forecast period. The market in this region is anticipated to grow at a CAGR of 9.46% over the next five years due to various applications in telecom and consumer electronics industry. In North America, the telecom sector was accounted at USD 540 million in 2013 and is anticipated to grow at a rapid pace over the forecast period.
Request A Sample copy of This Report @ http://www.hexaresearch.com/sample/72
Furthermore, increasing application scope in industrial and automotive sector is anticipated to drive the market in this region. The European market was accounted at USD 1,175.3 million in 2013, and is expected to witness stagnant growth over the foreseeable future. Rules for safety in automotives such as installation of Antilock Braking System (ABS), electronically controlled independent suspension, and Electronic Stability Program (ESP) are anticipated to drive the regional market.
The FPGA market includes market players such as Altera, Xilinx, Microsemi Corporation, Cypress Semiconductor, Lattice Semiconductor, Atmel Corporation, and Aeroflex Inc. among others. Altera offers a broad range of FPGA devices segmented on the basis of cost into low-cost FPGA (Cyclone series), high-end FPGA (Stratix series), and mid-range FPGA (Arria series). Xilinx devices are classified based on functionality and performance as Virtex Ultrascale, Artix, Kintex, Spartan, Virtex ultrascale and Kintex Ultrascale.
Browse Full Report @ http://www.hexaresearch.com/research-report/fpga-field-programmable-gate-array-industry/
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.
Felton Office Plaza
6265 Highway 9
Felton, California 95018
Phone: +1-800-489-3075 FREE
Website - http://www.hexaresearch.com/
Visit our Blog: http://hexaresearchinc.blogspot.com/