Albany, NY -- (SBWIRE) -- 11/28/2017 -- The growing penetration of smartphones across the world translates to a positive outlook for the global field programmable gate array (FPGA) market. Transparency Market Research's latest report states that the global FPGA market will report promising expansion with a CAGR of 8.6% between 2014 and 2020.
TMR's analysis puts the value of the global FPGA market at US$5,487.2 million as of 2013, and pegs the market to stand at US$9,734.4 million by 2020. The report published by TMR is titled 'FPGA Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014–2020.'Traditionally, the design of FPGAs was not heavily determined by the price of smartphones or the amount of power they consume.
Browse the full FPGA Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020 report at https://www.transparencymarketresearch.com/field-programmable-gate-array.html
The competitive electronics market has changed that. Smartphones, one of the fastest-growing markets in the consumer electronics industry, need to be feature-packed without guzzling power. At the same time, the cost factor is a crucial aspect that influences purchase decisions in the market. Consequently, FPGAs are now targeted toward inexpensive and power-sensitive handheld devices and smartphones.
Based on recent trends, TMR analysts predict that smartphones will play a central role in the global FPGA market. FPGAs, thanks to their built-in RAM, are able to perform functions such as image enhancements and signal processing – these are collectively referred to as digital signal processing (DSP) functions.As people consume more digital content, the demand for bandwidth has reported an unprecedented increase.
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This is yet another factor that will have a positive bearing on the growth of the global FPGA market. Higher the demand for faster processing speed in the smartphone and tablets markets, the greater will be the scope for the expansion of the FPGA market.
The report segments the global FPGA market based on technology as: Flash-based, static random-access memory (SRAM), and antifuse. In 2013, the largest share of the FPGA market was held by SRAM. This segment is projected to stay firmly in the leading position to 2020. The preference for SRAM-based FPGA arises due to its rapid in-circuit reconfiguration.
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FPGAs based on SRAM also show higher tolerance to radiation – an attribute that makes them highly suited in aerospace applications. Aerospace and ancillary industries are predicted to make extensive use of FPGAs for imaging and in wireless sensors.For a clear picture of the regional markets and their performance over the next five years, the report segments the global FPGA market into: North America, Asia Pacific, Europe, and Rest of the World. In 2013, Asia Pacific was seen as the most dominant region in the global FPGA market.
The dominance of the Asia Pacific region can be ascribed to the strong electronics industry in countries such as South Korea, China, and India. The report also carries a Company Profiles section that features leading FPGA market players such as Tabula, Lattice Semiconductor Corporation, Xilinix, Microsemi Corporation, Altera Corporation, and others.