Semiconductors & Electronics Industry Field Programmable Gate Array (FPGA) Market

Field Programmable Gate Array ( FPGA ) Market Share , Size , Analysis , Growth , Trends and Forecasts to 2024 | Hexa Research

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Field Programmable Gate Array ( FPGA ) Market Share , Size , Analysis , Growth , Trends and Forecasts to 2024 | Hexa Research

Field-programmable gate array ( FPGA ) is an integrated circuit which can be reprogrammed according to the application or functionality . In this way , it can be massproduced to be used in major consumer electronics . It offers benefits such as rapid prototyping , easy debugging , and low risk & cost .
The FPGA market is projected to attain above USD 10 billion by 2024 . It stood near USD 6 billion in 2015 . It is projected to exhibit a CAGR of over 9 % over the forecast period ( 2016 - 2024 ). Customized integrated circuits are a key driving factor of the market .
Electronic utilities and demand for additional devices in automotives can result in a market upswing . This can lead to the growth of Hybrid Electric Vehicles ( HEVs ), resulting in additional demand for FPGA . Design complexities and substitute technology like Application Specific Integrated Circuits ( ASICs ) could pose a market challenge .
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