Albany, NY -- (SBWIRE) -- 10/26/2018 -- A new publication by Transparency Market Research (TMR) state that the Global Field Programmable Gate Array (FPGA) Market is soon to expand with very promising rates. Major players recognized in this market are Microsemi Corporation, Altera Corporation, Lattice Semiconductor Corporation, and Xilinx Inc. The adoption of smartphones worldwide gives a positive outlook for the FPGA market.
TMR reports the global FPGA market valuation was around US$5,487.2 million as of 2013 and is predicted to reach a valuation of US$9,734.4 million by 2020. Records state Asia Pacific region to be more dominant due to the strong electronic industry in countries like India, China and South Korea. By application, telecom is expected to lead the market.
FGPA is required for a variety of applications like rear-view camera, infotainment, driver assistance, forward camera, electric vehicles, and surround view camera in automobiles. Due to government principles on the ongoing oil crisis, safety and security regulations, and pollution, there is rapid increase of electronic content in the automobile market. In addition, there is boost in demand in the FGPA market due to the requirement of efficient solutions for increasing luxury features in automobiles.
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The rising prices of fuels in the global market resulted in demand for hybrid and electric vehicle demand. This is sequentially expected to drive FPGA content in automobiles. To generate solid revenues in the years to come, regulations such as electronically controlled independent suspension, Electronic Stability Program (ESP), and Antilock Braking System (ABS) are expected to take shape.
Threat from ASIC, ASSP, and DSP to Slam Down Market Growth
The rise in demand for processing large volume of data with faster results capability is challenging high performance computing in the economic sector. FPGAs are considerably adopted in mainstream embedded computing for building complex mission critical systems which will significantly decrease data center load and increase system throughput.
A restraining factor could be the threat of the global FPGA market being overtaken by Application-Specific Integrated Circuit (ASIC), Application-Specific Standard Product (ASSP) and Digital Signal Processing (DSP). The concealed programmable construction of FPGA is being utilized for various purposes like risk analysis, real-time trading, ex-post factor data analysis, and performance arbitrage in the financial sector. They are also used in general medical imaging devices like mammography equipment, Magnetic Resonance Imaging (MRI), X-rays, nuclear medicine imaging, CT scanners and ultrasounds. Thus, a substantial growth is expected in the financial department over the forecast period.
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As people absorb more of digital content, there is an unmatched increase in demand for bandwidth. FPGA has more advantage over other processors in digital signal processing (DSP) as compared to other processors. This becomes a practical alternative for most imaging equipment like that of positron emission tomography (PET), and computerized tomography (CT) machines. DSP are still used as co-processors even though FPGAs have started to replace them in most applications. The scope of growth of the FPGA market will be greater with the rise in demand for rapid processing speed.