The market for global field programmable gate array is segmented into technology, application, type, and region
Portland, OR -- (SBWIRE) -- 11/09/2017 -- 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.
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The market for global field programmable gate array is segmented into technology, application, type, and region. The technology segment covered in this study includes EEPROM, Antifuse, SRAM, Flash, and others (EPROM and PROM). The application segment is divided into data processing, consumer electronics, industrial, military & aerospace, automotive, telecom, and others. Based on type, it is classified into high-end, mid-end, and low-end FPGA. Based on regional study, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Field Programmable Gate Array Market Key Segments:
-Others (EPROM and PROM)
-Military & Aerospace