The programmable logic device market is projected to grow at a CAGR of 3.96% to reach US$6.195 billion by 2024, from US$4.906 billion in 2018. The growing focus by the manufacturers to reduce the product development time is expected to boost the growth of the market.
Furthermore, the ability of the PLD’s to reduce the risk associated with product development while simultaneously decreasing the number of components, which tends to reduce the PCB, assembly, test, and repair cost is further anticipated to supplement the growth of the market. Moreover, the growing penetration of digital set top box and integrated digital television is further providing an opportunity for the PLD manufacturers to generate higher revenues.
Ability to provide flexibility to the manufacturers.
Reduction in overall cost.
Availability of substitutes.
The major players profiled in the programmable logic device market are Xilinx, Inc., Intel Corporation, Microchip Technology Inc., and Lattice Semiconductor among others.
The programmable logic device market has been analyzed through following segments:
Programmable Logic Array
Complex Programmable Logic Device
Field Programmable Gate Array
By Industry Vertical
Europe Middle East and Africa
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