Programmable Logic Devices Market - Global Industry Analysis
Increasing demand for reducing power consumption electronic devices are one of the prime driving factors the programmable logic devices market globally. The increasing advancement in the field of electronic devices and increasing concern towards the miniaturization devices is fueling the demand for programmable logic devices market. The growing application of programmable logic devices in the avionics, networking, defense and automotive industry is also contributing in the positive development of the market. Moreover, programmable logic devices have applications in the distributed monetary systems which are another major driving factor for the market. Data computing is another prime end use of application of the programmable logic device market. Increasing application of programmable logic devices across the consumer electronics industry is also anticipated to boost the growth of the market over the forecast period. Introduction of advanced 3D technologies along with lack of standardized verification techniques are some of the restraining factors market globally. Increasing adaptation of programmable logic devices in the research equipment are one of the major opportunities for the market.
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In 2016, North America is leading the market for programmable logic devices in terms of revenue, followed by Asia Pacific and Europe. The U.S. is dominating the market across North America. China, Japan, India, Taiwan are some of the prime countries are contributing in the positive development of the market across Asia Pacific. Increasing number of semiconductor and electronics manufacturing hubs is one of the prime drivers for the market across Asia Pacific. The U.K., Germany, France and Italy are holding prominent position across Europe. Increasing adoption of programmable logic devices across consumer electronics and telecommunication industry is also contributing in the growth of the market across Brazil, Argentina, and U.A.E, South Africa across South America and Middle East and Africa.
The major companies operating in the programmable logic devices market are concentrating on research activities along with joint ventures, geographical expansion to strengthen its presence in this market globally. Product innovation with upgrading features of already existing product lines are major business strategies taken by the organizations in programmable logic devices market. In addition, acquisition and merger is one of the business strategies that help the companies to expand its product portfolio globally and eventually to strengthen its customer base worldwide. Xilinx, Inc. (The U.S.), Altera Corporation (The U.S.), Lattice Semiconductor Corporation (The U.S.), Microsemi Corporation (The U.S.), QuickLogic Corporation (The U.S.), Taiwan Semiconductor Manufacturing Company Ltd. (TSMC) (Taiwan), Atmel Corporation (The U.S.), Achronix semiconductor corporation (The US.), S2C Inc. (The U.S.), United Microelectronics Corporation (Taiwan) and GlobalFoundries (The U.S.) among others. Strategic business partnership agreement with other firms is another key business strategies practiced by the programmable logic devices companies across different regions globally. Furthermore, partnership agreements with different distributors and supplier are also part of major business strategies.
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