The Programmable Logic Device Market is estimated to grow at CAGR of 3.96% between 2018 and 2024

The recent study on the Programmable Logic Devices Market covers an in-depth analysis of the market on the basis of type, industry vertical, and geography. The report also covers the country level analysis within the regions as well. Additionally, the report covers the key trends in the market along with drivers and restraint during the forecast period 2019-2024. According to the report titled “Programmable Logic Devices Market– Forecast from 2019 to 2024”, the market is estimated to grow at a CAGR of 3.96% to reach a market size of US$6.195 billion by the end of the forecast period. The report has segmented the programmable logic market by type (programmable logic array, complex programmable logic device, field programmable gate array, others), by industry vertical (communication, consumer electronics, automotive, manufacturing) and by geography such as Americas (United States, Canada, Brazil, others), Europe Middle East and Africa (Germany, France, United Kingdom, Italy, others), and Asia Pacific (China, Japan, India, Taiwan, others).

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 reducing 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.

Asia Pacific is estimated to hold a significant share in the market

There is a growing trend of shifting manufacturing facilities from the developed region to Asia Pacific, more specifically, in countries like India, China, Vietnam, and Philippines among others on account of the ability to offer skilled and relatively inexpensive labor and cheap electricity, thus, attracting, significant foreign investment. Moreover, production of industrial, aerospace, and military equipment are witnessing a rapid upsurge in the region, which is further providing the revenue generation opportunity for the PLD’s manufacturers from the region.

Some of the major players discussed in the reports are Xilinx, Inc., Microchip Technology Inc., and Intel Corporation among others.

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