Portland, OR -- (SBWIRE) -- 03/16/2018 -- According to a recent report published by Allied Market Research, titled, Field Programmable Gate Array Market by Technology, Application, and Type: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global field programmable gate array market was valued at $4,630 million in 2016, and is projected to reach at $8,046 million by 2023, growing at a CAGR of 7.9% from 2017 to 2023.

Asia-Pacific dominates this market presently, followed by North America. In 2016, China dominated the market in Asia-Pacific; similarly, the Rest of Europe excluding UK, Germany, France, and Russia led the overall market in the European region. The U.S. is dominating the market in North America presently.

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FPGA is flexible, involves reduced development time, and requires low on non-recurrent engineering (NRE) cost. These factors boost the market growth. There is a great potential for reduction of cost and development of security level using the field programmable gate array, which is expected to provide lucrative opportunity to the market. However, these arrays are slower than application specific integrated circuits (ASIC) or other equivalent ICs as well as expensive. The design process is complex, which limits the market growth.

In 2016, the high end FPGA segment dominates the global field programmable gate array (FPGA) in type segment, in terms of revenue. However, based on technology, SRAM leads the global market followed, by antifuse in 2016.

The key players profiled in the report include Achronix Semiconductor Corporation, Cobham PLC, Intel Corporation, Taiwan Semiconductor Manufacturing Company Limited (TSMC), United Microelectronics Corporation (UMC), Cypress Semiconductors Corporation, Lattice Semiconductor, Microsemi Corporation, QuickLogic Corporation, and Xilinx Inc.

Key Findings of the Field Programmable Gate Array Market:

-FPGA type-high end FPGA generated the highest revenue of the global FPGA market, in 2016.
-In 2016, the SRAM technology generated the highest revenue among the FPGA market.
-LAMEA is anticipated to exhibit a highest CAGR during the forecast period.
-In 2016, the telecom application segment contributed the highest market shares in the FPGA market.

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