Sellbyville, DE -- (SBWIRE) -- 01/17/2019 -- Field Programmable Gate Array (FPGA) Market size is expected to reach USD 9.98 billion by 2022; Rapid technological advancements are expected to widen application avenues. Rising prominence and adoption of technologies such as 3G and LTE in the telecommunications segment is likely to increase the demand for wider bandwidth. For instance, Altera Corp. developed an FPGA that integrates 11.3 Gbps transceiver to achieve high-speed bandwidth needs for MAC, next-generation framer, bridging, and switching applications for 100 GbE. Furthermore, rising service providers focus on increasing operational efficiency, reducing costs associated with network deployments, reduction in energy-related expenses, and increasing utilization of clean energy sources is predicted to drive FPGA market growth.

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Rising demand across various end-use industries such as data processing, automotive, industrial and consumer electronics is expected to drive Field Programmable Gate Array (FPGA) Market growth over the forecast timeframe. Smartphone industry is anticipated to have considerable impact on global Field Programmable Gate Array (FPGA) Market size. In addition, it efficiently performs DSP (digital signal processing) functions such as signal processing and image enhancement owing to its built-in RAM. Increasing usage in flat panel displays for processing, display panel application, panel driver or controller, operating mode, battery management and video board application will also propel demand through 2022.

Surging use of these products in the healthcare sector for medical imaging equipment is expected to drive Field Programmable Gate Array (FPGA) Market size. Growth in this sector can be credited to requirement of high performance computing capabilities. The automotive industry is projected to be a key contributor for due to rising usage of electronic content in rear-view cameras, driver assistance, infotainment, as well as in electric vehicles.

Consumer electronics application was responsible for revenue of USD 650 million in 2014 and is predicted to grow at 8.9% CAGR from 2015 to 2022. Rising prominence of smart devices such as mobile phones, tablets and MP3 players are the major growth drivers. Telecom sector is anticipated to witness substantial growth prospects owing to high flexibility. The segment is estimated to grow at 9% CAGR to account for over 34% of the FPGA market share by 2022.

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Asia Pacific Field Programmable Gate Array (FPGA) Market was valued at over USD 2 billion in 2014. Growth in the region can be attributed to rising application in numerous sectors such as consumer electronics, industrial and automotive across India, Japan, China, and South Korea. Europe is projected to grow at 7.7% CAGR over the forecast timeline. Favorable regulatory landscape for road safety is likely to drive regional demand.

Key participants accounting for Field Programmable Gate Array (FPGA) Market share include Achronix Semiconductor Corporation, AvComm (Aeroflex) now part of VIAVI Solutions, Altera, Atmel Corporation, Cypress Semiconductor Corporation, Intel Corporation, Lattice Semiconductor, Microsemi Corporation, Texas Instruments, Xilinx.

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