(MENAFN- America News Hour)In a recent published report, Kenneth Research has updated the market report for Field Programmable Gate Array Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Field Programmable Gate Array Market products.

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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.

Global Field Programmable Gate Array Market is estimated to reach $265.9 Billion by 2024; growing at a CAGR of 5.6% from 2016 to 2024. Field programmable gate array (HVC) are based around a matrix of configurable logic blocks and is connected via programmable interconnects. FPGAs can be reprogrammed as per the desired application after manufacturing. Various industries such as automotive, industrial, telecom, military, consumer electronics, and others pose a huge demand for FPGAs, owing to their programmable nature. Increased penetration of high speed internet and surge in number of internet users in rural areas show an increased trend for field programmable gate array market.

Growth in demand across various industries, and efficiency of FPGAs over ASICs are the major factors supplementing the growth of the global field programmable gate array market. However, designing complexities would act as a restraint for the market. Technological advancement would generate new business opportunities for the market in the coming years.

The global field programmable gate array market is bifurcated by product type and application. By product type, the market is segregated into SRAM, Flash based, and antifuse. By application, the market is categorized into industrial, automotive, consumer electronics, military & aerospace, telecom, data processing, and others. By product type, SRAM segment accounted for more than two third of the global market share in 2016. The telecom segment generated the highest revenue in the overall application segment in 2016, driven by increased adoption of 3G and 4G LTE services throughout the globe. Geographically the market is categorized into North America, Europe, Asia-Pacific, and Rest of the World (RoW).

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Geographically, the global field programmable gate array market is segmented into North America, Europe, Asia-Pacific and (RoW). The U.S., Mexico and Canada are covered under North America wherein Europe covers UK, France, Germany, Italy, and others. Asia-Pacific covers China, India, Japan, and others. Rest of the World (RoW) covers South America, Middle East and Africa.

Major key players in the field programmable gate array marke t are Lattice Semiconductor Corporation, Altera Corporation, Cypress Semiconductor Corporation, Microsemi Corporation, Xilinx Inc., Achronix Semiconductor Corp, Atmel Corporation, Texas Instruments, Intel Corporation, and Cobham Plc, among others.

The key takeaways from the report:
The report will provide detailed analysis of Field Programmable Gate Array Market with respect to major segments such as product type, and application. The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024. Comprehensive analysis of market dynamics including factors and opportunities of the global Field Programmable Gate Array Market. An exhaustive regional analysis of Field Programmable Gate Array Market from 2015 to 2024 has been included in the report.
Profile of the key players  in the Field Programmable Gate Array Market, will be provided, which include key financials, product & services, new developments and business strategies.
Scope of Field Programmable Gate Array Market:
Product Type Segments
SRAM
Flash Based
Antifuse
Application Type Segments
Industrial
Automotive
Consumer electronics
Military & aerospace
Telecom
Data processing
Others
Geographical Segments
North America
US
Canada
Mexico
Europe
UK
Germany
France
Italy
Others
Asia-Pacific
India
Japan
China
Others
RoW
South America
Middle East
Africa
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