Field Programmable Gate Array Market Trends, Growth and Forecast to 2020: Hexa Research
In 2013, the global FPGA market was estimated to be over USD 5 billion, and is expected to grow at a CAGR of over 9% from 2014 to 2020. Numerous advantages offered by these devices including lower risk of product obsolescence; low cost, rapid prototyping and easy debugging are expected to serves as key market drivers. Presently, the FPGA market exhibits high growth potential, as these devices offer several benefits over Application-Specific Integrated Circuits (ASICs). The market is driven mainly on account of growing demand for customizable ICs (Integrated Circuits).
Growing demand for high performance and power efficient IC designs is expected to positively impact FPGA market growth. Advancement in the telecom industry including technologies such as 3G and LTE along with increased bandwidth demand across wireless networks is expected to spur the FPGA market over the forecast period. Furthermore, increased utilization of FPGAs in automotive sector and increased penetration across consumer electronics is also expected to drive market growth.
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Rising penetration of Hybrid Electric Vehicles (HEV) and Electric Vehicles (EV) is also expected to aid in global FPGA market growth. These products offer advantages over other processors in digital signal processing, thus making them popular in medical imaging. However, use of substitute technology including ASIC across certain applications and issues related to design complexities could pose a challenge to FPGA market growth.
Telecom is expected to remain market leader over the next few years, contributing over 30% to the overall market in 2013. It is also expected to emerge as a high growth segment, which can be attributed to growing adoption of FPGA devices in wireless applications. Owing to smartphone proliferation, consumer electronics segment is expected to witness substantial growth over the forecast period. ADAS (Advanced Driving Assistance System) including AFS (Advanced Front-lighting System), collision avoidance system and GPS maps make extensive use of FPGA devices, thereby driving the FPGA market growth.
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