Field-Programmable Gate Array (FPGA) Market was valued at USD 5,487.2 million in 2013 and is expected to reach USD 9,734.4 million by 2020, growing at a CAGR of 8.6% from 2014 to 2020.
Albany, NY -- (SBWIRE) -- 09/07/2016 -- With Altera and Xilinx holding a collective share of more than 80%, the global field-programmable gate array (FPGA) market demonstrated a highly concentrated landscape in 2014, a report published by Transparency Market Research (TMR) finds. As these companies are increasingly engaging in the acquisition of their competitors to improve sales and enhance their distribution capabilities, the current scenario is less likely to change in the near future.
Other companies operating in this market are focusing on offering high-speed FPGA to meet the demand of various applications such as real-time trading and risk analysis in a bid to secure a satisfactory position in this market. As a result, the degree of rivalry between players is projected to increase considerably over the next few years.The research report projects the global market for FPGA to increase at a CAGR of 8.60% during the period from 2014 to 2020 and reach an opportunity worth US$3.5 bn the end of the forecast period. In the recent times, the telecom industry has emerged as the prime application area of FPGA. The segment is expected to remain reporting a steady rise in the application for FPGA over the forecast period, notes the market study
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Presence of Large Pool of Manufacturing Units to Ensure Asia Pacific's Dominance
In this research report, Europe, Asia Pacific, North America, and the Rest of the World have been identified as the main geographical segments of the global market for FPGA. Asia Pacific, among these, surfaced as the leading regional markets in 2014 with a share of more than 40%.
The presence of large markets for automotive, consumer electronics, and industrial applications in Asian economies, such as China, Japan, India, Taiwan, and South Korea, has been fueling the demand for FPGA since last few years. The trend is expected to continue in the near future, retaining the dominance of Asia Pacific in the worldwide FPGA market. Japan is likely to lead the Asia Pacific FPGA market during the forecast period.
North America and Europe are also anticipated to experience a healthy surge in the application of FPGA devices in the automotive and industrial sectors over the next few years, reports the research study.
Demand for Smartphones to Directly Influence Application of FPGAs
Nowadays, smartphones have become an integral part of one's everyday life. Trends suggest the penetration of smartphones is likely to increase further in the near future. FPGAs are utilized as an application processor companion in smartphones that address the disparity between the count of sensors and ports available on application processors.
With built-in RAM, FPGAs act as the CPU of the system and perform digital signal processing operations, which in turn, enhance the efficiency of smartphones. Since the demand for smartphones is increasing tremendously, FPGAs are likely to witness a significant surge in their application over the forecast period.
Apart from this, the increasing usage of FPGAs in imaging equipment and the rising electronic content in automobiles are also expected to boost the market's growth in the coming years, states the report.
Emergence of Superior Alternatives to Limit Application of FPGAs
Despite trends that indicate consistent growth for the market, the emergence of superior alternatives, such as application-specific integrated circuit (ASIC), is anticipated to restrict the application of FPGAs in the near future. The limited density and performance of FPGAs circuits are also projected to hinder the growth of this market in the coming years.
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