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FPGA Market Size Estimated at $9.98 Billion by 2022
Traders Magazine Online News, May 3, 2017
The field programmable gate array (FPGA Market) size is expected to reach $9.98 billion by 2022, according to a new research report by Global Market Insights.
Rising demand across various end-use industries such as data processing, automotive, industrial and consumer electronics is expected to drive FPGA market growth over the forecast imeframe. Smartphone industry is anticipated to have considerable impact on global FPGA market size. In addition, it efficiently performs DSP (digital signal processing) functions such as signal processing and image enhancement owing to its built-in RAM. Increasing usage in flat panel displays for processing, display panel application, panel driver or controller, operating mode, battery management and video board application will also propel demand through 2022.
FPGA’s are also used in trading applications and hardware, such as servers or motherboards.
Surging use of these products in the healthcare sector for medical imaging equipment is expected to drive FPGA market size. Growth in this sector can be credited to requirement of high performance computing capabilities. The automotive industry is projected to be a key contributor for due to rising usage of electronic content in rear-view cameras, driver assistance, infotainment, as well as in electric vehicles.
Rapid technological advancements are expected to widen application avenues. Rising prominence and adoption of technologies such as 3G and LTE in the telecommunications segment is likely to increase the demand for wider bandwidth. For instance, Altera Corp. developed an FPGA that integrates 11.3 Gbps transceiver to achieve high-speed bandwidth needs for MAC, next-generation framer, bridging, and switching applications for 100 GbE. Furthermore, rising service providers focus on increasing operational efficiency, reducing costs associated with network deployments, reduction in energy-related expenses, and increasing utilization of clean energy sources is predicted to drive FPGA market growth.
Design complexity issues such as functional, electrical and marginal are predicted to hamper industry demand. However, escalating application of these products in various devices such as camera, electronic toys & games, portable navigators and 3D eyewear, 3D glasses, smart immersive 3DTV and 3D head mount visor is expected to offer massive growth potential over the next seven years.
Browse key industry insights spread across 75 pages with 23 market data tables & 22 figures & charts from the report, “Field Programmable Gate Array (FPGA) Market Size By Application (Data Processing, Industrial, Automotive, Consumer Electronics, Telecom, Military & Aerospace), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2015 – 2022” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/field-programmable-gate-array-fpga-market-size
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