Field Programmable Gate Array Market In Asia Pacific Region Is Expected To Generate A Revenue Of More Than USD 4.2 Billion By 2022 | Key players are Lattice Semiconductor, Xilinx, Cypress Semiconductors, Altera, QuickLogic,Microsemi

Asia Pacific field programmable gate array market was worth about 2.1 billion in 2014 and is expected to generate a revenue of more than USD 4.2 billion by 2022, owing to the growing product demand across the expanding automotive and consumer electronics sector. India, Taiwan, China, South Korea, and Japan will be the major regional revenue contributors.
Field programmable gate array market is slated to generate noticeable revenue across the globe, owing to the growing usage of the integrated control systems (ICs) across various application areas such as industrial, automotive, and consumer electronics. As per the report by Global Market Insights, Inc., Worldwide field programmable gate array market was worth USD 5.27 billion in 2014 and will increase at an annual growth rate of 8.4% over the coming years of 2015 to 2022.

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Based on the application trends, field programmable gate array market is primarily segmented into automotive, telecom, data processing, consumer electronics, industrial, and military & aerospace. Off late, the deployment of integrated control systems (ICs) in the vehicles has increased considerably. This, in turn, will boost Field Programmable Gate Array Market market in the automotive applications, which will register an annual growth rate of more than 8.5% over the coming years of 2015 to 2022.

Considering North America field programmable gate array market , U.S covered more than 25% of the regional market share in 2014 and will grow at a noticeable growth rate over the period of 2015 to 2022. U.S. is investing heavily in the aerospace and military applications, which will stimulate the demand for FPGAs across this region. In addition, escalating developments across the telecom industry will also fuel the requirement for FPGAs in the United States, driving the regional growth.

FPGA programming technology is also used in healthcare segment for medical imaging device due to high performance computing requirement. General diagnostic imaging instruments comprise CT scanners, X-ray, nuclear medicine imaging, mammography device, MRI(magnetic resonance imaging) and ultra sound device.

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The industry is segmented into various applications like telecomm and automotive. Telecomm sector contributed greater than 33% of the total field programmable gate array market share for 2014 and is predicted to maintain its domination in future. Heavy demand of bandwidth for video applications and growing use in base stations for 3G network to LTE network up gradation are few of the factors credited for sector growth.

The industry is consolidated with key players having accumulated more than 80% of the worldwide industry share in 2014. Noteworthy participants in field programmable gate array market are Lattice Semiconductor, Xilinx Inc., Cypress Semiconductors, Altera Corporation, QuickLogic Corporation, and Microsemi Corporation.

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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Corporate Sales, USA
Global Market Insights, Inc.
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