FPGA Market Size To Grow At A CAGR Of 9.1% From 2014 to 2020: Grand View Research, Inc.

San Francisco, California, April 05, 2016 -- Global FPGA (Field-Programmable Gate Array) industry is estimated to account for USD 9,882.5 million by 2020. Consumer electronics industry growth owing to rising demand for smart devices such as phablets and smartphones is projected to be key driver for market growth. Upsurge in electronic utilities and functionalities in the automotive sector may trigger demand growth of Hybrid Electric Vehicles (HEV) which is anticipated to drive the market over the next six years.

The market demand has potentially increased attributing to miniaturization of devices across various application domains. In addition, significant increase in bandwidth demand in wireless network coupled with technological advancements is expected to have a positive demand on the market. Application of FGPA in medical imaging systems is projected to provide new avenues attributed to their ability to be reused and re-programmed. Availability of application specific integrated circuits may act a restraint for global FGPA market over the forecast period. 

Telecom is estimated to witness growth at a CAGR of 9.8% from 2014 to 2020 to remain the fastest and largest growing application sector over the next seven years. FGPA upgradation is a simplified procedure that involves mere changes in the software along with high degree of flexibility. Consumer electronics contributed to over 12.0% of the revenue share in 2013, and is estimated to grow rapidly over the forecast period. 

Advanced Driving Assistance Systems (ADAS) including GPS maps, collision avoidance system, AFS (Advanced Front-lighting System), and 3D visualization are key applications of FPGA systems. Furthermore, use of this technology in aerospace and military applications including warfare electronics, unmanned vehicles, SONAR, and RADAR is also estimated to contribute to rising demand.

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Asia Pacific is projected to grow at a CAGR of 9.6% from 2014 to 2020. It contributed to over 40.0% of the overall market share in 2013. Rising demand from application areas is projected to drive the industry in this region. Promising regulatory scenario to ensure safety in automotive is also anticipated to fuel FPGA implementation in developed economies. 

Altera and Xilinx are the major industry players; other organizations functioning in the industry include Microsemi Corporation, Lattice Semiconductor, Freescale Semiconductor and Atmel Corporation. New product introductions and technology advancements is the key approach adopted by market participants. FPGA architectures involve fuse, anti-fuse and Static Random Access Memory (SRAM). 

Altera offers a wide range of devices categorized on the basis of cost into low-cost FPGA (Cyclone series), mid-range FPGA (Arria series) and high-end FPGA (Stratix series), On the basis of performance and functionality; Xilinx devices are classified as Artix, Spartan, Virtex, Kintex, Virtex Ultrascale and Kintex Ultrascale. 

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Grand View Research has segmented the global FPGA market on the basis of application and region:

FPGA Application Outlook (Revenue, USD Million, 2012 - 2020)
            • Automotive
            • Consumer Electronics
            • Data Processing
            • Industrial
            • Military and Aerospace
            • Telecom
            • Others
FPGA Regional Outlook (Revenue, USD Million, 2012 - 2020)
            • North America
            • Europe
            • Asia Pacific
            • RoW

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, 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 healthcare.

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