Asia-Pacific Dominated the Global Field Programmable Gate Array Market with Highest Market Share

Global Field Programmable Gate Array Market Report, published by Variant Market Research, forecast that the global market was valued at $6.9 billion in 2016 and is expected to reach $12.1 billion by 2024, growing at a CAGR of 7.3% from 2016 to 2024. In geographical segments, Asia-Pacific and Rest of the World (RoW) are expected to grow at a CAGR of 7.9% and 7.4%, respectively, during the forecast period 2016-2024.

The increasing requirement for customization of functionalities which provide distinguishing features to its users is the major key factor that drives the global field-programmable gate array market. However, the absence of a specified uniform technique for verification and designing complexities may hamper the growth of the global FPGA market. Furthermore, with improved technologies such as the SRAM, flash, and antifuse-based FPGAs, the demand for the field-programmable gate array is anticipated to increase during the forecast period.

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The global field programmable gate array FPGA market is bifurcated on the basis of product type and application. By product type, the market is further categorized into SRAM, flash based, and antifuse. Also, by application, the market is categorized into automotive, industrial, military & aerospace, telecom, consumer electronics, data processing, and others. By product type, SRAM segment accounted for more than two third of the global market share in the year 2016. The telecom segment generated the maximum revenue in the overall application segment in 2016, driven by increased adoption of 3G and 4G LTE services throughout the globe.

By geography, North America, Europe, Asia-Pacific, and Rest of the World (RoW) are the major geographical segments of the global field programmable market. In the year 2016, Asia-Pacific accounted for the major market share of 39.7% and is expected to continue its dominance during the forecast period. The growth is majorly attributed to the growing adoption of FPGA solutions across various sector such as telecommunication, medical, consumer electronics, and automotive. Whereas, North America accounted for the second largest market share of 27.8%, owing to increase in number of internet users and mobile network operators. In terms of growth, Asia-Pacific is expected to grow at the fastest CAGR of 7.9% during the forecast period 2016-2024.

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Major players in the field programmable gate array market include, Intel Corporation, Microsemi Corporation, Atmel Corporation, Lattice Semiconductor Corporation, Cypress Semiconductor Corporation, Texas Instruments, Altera Corporation, Xilinx Inc, Cobham Plc, and Achronix Semiconductor Corp, among others.

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Scope of Field Programmable Gate Array Market

Product Type Segments

• SRAM
• Flash Based
• Antifuse

Application Type Segments

• Industrial
• Automotive
• Consumer electronics
• Military & aerospace
• Telecom
• Data processing
• Others

Geographical Segments

• North America
o US
o Canada
o Mexico

• Europe
o UK
o Germany
o France
o Italy
o Others

• Asia-Pacific
o India
o Japan
o China
o Others

• RoW
o South America
o Middle East
o Africa

About Variant Market Research

Variant Market Research offers syndicated and customized reports to fulfil clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.

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