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...