Field programmable Gate Array (FPGA) technology reducing costs for businesses
Field Programmable gate array (FPGA) is a programmable integrated circuit which consists of a matrix of logical gates that can be programmed in-situ and can be further reprogrammed an infinite number of times. This has been a great advancement in the IT industry as this technology assists enterprises in reducing recurring IT infrastructure cost arising out of the necessity of replacing hardware.
Field Programmable Gate Array chips are being widely used for designing specialized integrated circuits and being applied in devices for carrying out big-data analytics, risk analysis, and real-time trading operations among other applications.
FPGA industry is dominated by few prominent players and is estimated to grow up to a total market value of US$10.199 billion by 2022 from US$6.940 billion in 2017 at a CAGR of 8%.
The FPGA market is driven by the demand from automotive, manufacturing, telecom, aerospace and defense, consumer electronics, and healthcare industries. Telecom segment held the largest market share in 2016 and is expected to remain at its position till 2022. This dominance is majorly attributed to high bandwidth demand for video applications. Consumer electronics is projected to witness the fastest market growth due to escalating demand for smartphones, computing and gaming devices, especially in developing economies.
Americas (North and South America) region holds the largest market share of global FPGA market owing to the early adoption of FPGA applications in military and defense industry. Asia Pacific (APAC) will witness the fastest regional market growth due to growing consumer electronics, and telecom among others.
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Report provides detailed segmentation of the global FPGA industry on basis of technology (SRAM, Flash, Anti-Fuse and Others), End-User Industry (Automotive, Manufacturing, Telecom, Aerospace and Defense, Consumer Electronics, Healthcare, Others) and Geography (North America, South America, Europe Middle-East and Africa and Asia Pacific).
Some of the major players covered as part of the report are Intel, Microsemi Corporation, S2C, Atmel, QuickLogic, Altera, and Xilinx among others.
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