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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