Needle Market Size Worth USD 9.96 Billion By 2025

The global needle market size is expected to reach USD 9.96 billion in 2025 according to a new report by Grand View Research, Inc. The market is projected to witness a CAGR of 6.6% over the forecast period. Rising awareness regarding blood donation along with extensive R&D to develop advance needle technology with maximum safety and precision is expected to contribute to the market expansion in the years to come. The conventional needles segment led the global needle market in 2017, in terms of revenue share.

The safety needles segment is expected to witness the fastest CAGR during the forecast period due to reduced risk of needle stick injuries. Blood collection needles segment held a significant share of the global market in 2017 due to increasing awareness about blood donation and stringent regulations on blood screening. For instance, tests, such as Nucleic Acid Amplification Test (NAT) and ELISA, are mandatory in European countries including France, Germany, Spain, Italy, U.K., and Switzerland.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/needles-market

Further key findings from the report suggest:

  • Hypodermic needles segment accounted for the majority share of the market in 2017. While, intravenous needles are likely to experience the fastest growth in the coming years
  • Stainless steel needles led the material segment in 2017 These needles have tough structure and high strength and resistance to corrosion
  • Europe held the largest market share in 2017 due to faster regulatory approvals of innovative devices and procedures
  • Asia Pacific is expected to be the fastest-growing regional market owing to increasing healthcare infrastructure and expenditure
  • Becton, Dickinson and Company; Stryker Corp.; Medtronic PLC; Ethicon, Inc.; Novo Nordisk A/S; Thermo Fisher Scientific, Inc.; Boston Scientific Corp.; Smiths Medical, Inc.; and Hilgenberg GmbH are some of the key companies in the global market

Waterborne Coatings Market Worth $82.9 Billion By 2025

The global waterborne coatings market is projected to reach USD 82.9 billion by 2025, according to a new report by Grand View Research, Inc. The market is projected to expand at CAGR of 5.7% over the forecast period.

3d illustration. Blue paint splashing out of cans. Isolated white background

The prices of raw materials used in manufacturing waterborne coatings are expected to have a significant impact on the production cost of the final product. The demand for these raw materials from other application industries is expected to impact their availability for manufacturing waterborne coatings.

Increasing construction spending and requirement for improved infrastructure, particularly in Asia Pacific, is expected to drive waterborne coatings market over the forecast period. The share of construction spending is expected to shift from developed regions of North America and Europe to developing regions of Asia Pacific.

Increase in production capacities and launch of new automobile models is expected to remain a key driving factor for waterborne coatings market in automobile applications. Growing automotive industry in emerging markets of Asia Pacific, Central & South America, and the Middle East & Africa is expected to be another major factor driving waterborne coatings market.

Automotive OEM application segment is expected to grow at the highest rate over the forecast period. Increasing middle-class income level coupled with rising living standard in emerging economies of Asia Pacific and Central & South America is projected to fuel the automotive sales. Low-cost of production of waterborne coatings coupled with longer shelf life is expected to drive the demand for these coatings in this application segment.

Stringent government regulations to lower VOC content in paints & coatings is expected to drive the demand for waterborne coatings in the North American market. Countries in this region such as U.S., Canada and Mexico are witnessing an increase in government stimulus packages after the global economic recession that hit the region. Factors such as rising employment rates and improvement in consumer confidence are expected to drive North America waterborne coatings demand over the forecast period.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/waterborne-coatings-market

Further key findings from the report suggest:

  • In terms of volume, the global revenue for architectural application is anticipated to reach USD 21.70 billion by 2025, growing at a CAGR of 4.4% from 2018 to 2025
  • Acrylic resin dominated the market in terms of revenue, with a market share of over 83.07% in 2017 and is expected to continue its dominance over the forecast period.
  • Some of the key companies present in the market include AkzoNobel N.V., BASF SE, Axalta Coating Systems LLC, Berger Paints India Ltd.; Kansai Paint Co., Ltd; Nippon Paint Holdings Company Ltd; and PPG Industries, Inc. among various others players.

Insulated Glass Adhesives & Sealants Market Worth $8.29 Billion By 2025

The global insulated glass adhesives & sealants market size is expected to reach USD 8.29 billion by 2025 expanding at a CAGR of 6.7%, according to a new report by Grand View Research, Inc. Rising demand for high-performance adhesives from automotive and construction sector is anticipated to drive the market growth. Insulated glass is extensively used in windows, doors, and windshield. Adhesives & sealants are used to fix insulated glass unit to an assembly. They help restrict the penetration of air, liquid, and solid particles and provide stability and strength to the unit. The high bonding speed, superior thermal stability, and extreme weather resistance offered by these adhesives are expected to augment their demand further.

Rising spending in the construction sector, especially in emerging economies of Asia Pacific and Middle East, owing to growing population and robust economic development is expected to positively impact the product penetration. The construction industry, especially in China and India, is estimated to grow at a significant rate owing to increasing demand for housing infrastructure. For instance, India has a requirement of investments worth USD 777.73 billion in infrastructure by 2022. This is expected to provide lucrative opportunities for the market. Polyurethane (PU) sealant acquired the highest market share in 2017 for bonding insulated glass. These high-grade solutions possess great impact and chemicals resistance. They are widely utilized across several industries, such as construction and automotive.

It requires a catalyst or an evaporation process with the help of air or heat, to complete the curing process. However, PU adhesives & sealants have some constraints like short shelf-life due to water absorption tendency and lengthy curing process. Silicone sealants segment is predicted to expand at the fastest CAGR during the estimate period on account of fast bonding speed and extreme weather resistance offered by these sealants. Silicone is considered as an ideal sealant for the colder temperature. Moreover, the longer lifespan as opposed to PU sealants is expected to drive the segment. Latin America is poised to witness significant growth in coming years. Booming automotive industry and increasing construction activities in the region are expected to drive the growth.

In addition, Latin American countries, such as Brazil, Mexico, and Argentina, are emerging as automobile manufacturing hubs owing to flexible regulations and availability of cheap labor. Major companies who have consolidated the market include Huntsman Corp., Henkel AG & Co. KGaA, Dow Corning, 3M Company, and Commerling. Acquisition and expansion are the key strategic initiatives undertaken by most of these companies to improve their market share and sustain competition. For instance, in January 2017, Momentive Performance Material acquired Sea Lion Technology, a U.S.-based chemical manufacturer. The deal comes as a part of business strategy to expand their silane manufacturing capacity.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/adhesives-and-sealants-for-insulated-glass-market

Further key findings from the study suggest:

  • Polyurethane led the insulated glass adhesives & sealants market in 2017 with a revenue share of 31.9% owing to low cost and strong adhesion properties
  • In terms of volume, silicones are likely to witness the fastest CAGR over the forecast period due to high thermal stability and quick bonding speed offered by them
  • In terms of revenue, automotive & transportation segment is estimated to register the fastest CAGR of 7.2% from 2018 to 2025
  • Asia Pacific acquired the highest volume share of the global market in 2017 owing to rapid industrialization and increased construction activities in the region
  • Acquisition is a key strategy undertaken by the manufacturers to expand their product portfolio and gain competitive advantage

Polymer Market for Waste Management Worth $5.07 Billion By 2025

The global polymer market for waste management size is expected to reach USD 5.07 billion by 2025, according to a new report by Grand View Research, Inc. The market is estimated to expand at a decent CAGR of 4.0% over the forecast period. Several characteristics of polymer resins, including good welding strength, chemical resistance, and excellent low-temperature performance, in waste management processes are expected to drive the industry. Polyvinyl Chloride (PVC) is one of the key raw materials used for manufacturing plastic-based flexible packaging materials.

The demand of polyvinyl chloride is highly dependent on the construction industry, as about 60 to 70% of the global demand is for pipe, siding, fitting, fencing, windows, and other applications. Increasing product demand from other end-use industries may result in tight raw material supply, hampering market growth. Polypropylene and polyethylene are thermoplastic polymers used in a variety of applications. Growth in the manufacturing and construction industry has been driving the polypropylene market over the past few years; however, its overproduction has led to a decrease in prices.

Rapidly expanding construction sector in India and China, on account of the presence of favorable regulatory support to improve the infrastructure at a domestic level, is expected to boost the utilization of geomembranes. This, in turn, is likely to augment the demand for polymers for waste management in this sector. Asia Pacific is expected to witness a rise in construction spending over the forecast period on account of rapid urbanization coupled with burgeoning population. Thus, growing construction sector, particularly in China and India, as a result of increasing disposable income and rising government spending on large infrastructural projects will support the market development.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/polymer-market-for-waste-management

Further key findings from the study suggest:

  • In terms of revenue, Ethylene Propylene Diene Monomer (EPDM) is projected to ascend at a CAGR of 5.8% over the forecast period
  • Low-density Polyethylene (LDPE) is projected to exhibit a significant growth during the forecast years
  • Asia Pacific led the global polymer market for waste management in 2017 and is projected to continue the trend over the next few years
  • Growing awareness about the usage of engineering polymers in the construction industry is likely to open new growth opportunities for the regional market
  • Some of the prominent companies in the global market are ExxonMobil Corporation, E. I. du Pont de Nemours and Company, BASF SE, LyondellBasell Industries N.V., and Formosa Plastics Corporation, U.S.A.
  • Most of these industry participants are undertaking various initiatives, such as investments for capacity expansion, to maintain the market position

Silicone Solutions for Leather & Textiles Market Worth $760.7 Million By 2025

The global silicone solutions for leather & textiles market is expected to reach USD 760.7 million by 2025, according to a new report by Grand View Research, Inc. Rising demand for transparent silicone coatings in fabric manufacturing, owing to their superior properties such as improved durability as well as water, dirt, & temperature resistance is the key factor for industry growth.

Continuous fragmentation and growing competition among retailers are the key factors anticipated to propel the consumption of leather over the next few years. Increasing demand for leather in footwear, wallets, luggage, jackets, and belts is anticipated to spur the market demand for silicone-based chemicals in the industry.

Furthermore, silicone is used in various applications including soles, laces, and 3D printing in footwear industry. With respect to this, increasing efforts by manufacturers such as Kenneth Cole, Alberto Torresi, Blackberrys, and Louis Philippe in developing innovative and unique footwear designs are projected to boost the growth of footwear segment in leather industry. This, in turn, is likely to drive the silicone market in the leather industry.

Over the past few years, the manufacturing industry has been increasing expenditure for the incorporation of good quality safety equipment in shop floors, and utility operating places. Furthermore, product innovation by companies including 3M and DuPont for the enhancement of advanced protective clothing catering to the manufacturing sector is expected to play a crucial role in increasing demand for silicone in textile industry in the near future.

Continuing further, technological innovation in terms of the emergence of smart textile products in the electronics-manufacturing sector as a result of the capability to implement distinguished technologically advanced operations including reacting and sensing to the surrounding is likely to remain as a major factor positively influencing market growth over the next eight years.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/silicone-solutions-for-leather-&-textiles-market

Further key findings from the report suggest:

  • In terms of revenue, the leather segment is projected to ascend at a CAGR of 3.7% over the forecast period
  • Textiles application dominated the global silicone market in textile & leather industry with a global market share of over 93.5% in 2017
  • The U.S. silicone market in textile & leather industry is anticipated to exceed 20.6 kilotons by 2025
  • Significant gains in the automotive manufacturing sector in emerging economies including China, India, and Mexico as a result of favorable government schemes aimed to promote investments is expected to increase the requirement of textile products.
  • Asia Pacific had a strong customer base and accounted for 42.5% of the overall market revenue share in 2017. Ascending demand for textile and apparel and increased demand for technical textiles are factors expected to boost the market growth over the forecast period. The aforementioned scenario is likely to be reflected in key countries such as India, China, Japan, and Australia in the coming years.
  • The industry is characterized by mergers & acquisitions, capacity expansion, distribution & branding, research & development to improve the market share of manufacturers
  • Some of the key companies present in the industry are The Dow Chemical Company, Wacker Chemie AG, Lanxess, Momentive Performance Materials, Inc., and Elkem ASA, The CHT Group, Arihant Dyechem, Elkay Chemicals Pvt. Ltd., Siltech Corporation, and Shin-Etsu Chemical Co., Ltd.

Fiberglass Fabric Market Worth $14.93 Billion By 2025

The global fiberglass fabric market size is expected to reach USD 14.93 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 6.1% during the forecast period. Rising penetration of the product in the electronics industry for manufacturing of printed circuit boards (PCB) is expected to drive the market.

Fiberglass wind turbine blades are constructed using stranded E-glass and S-glass fabrics stitched together and impregnated with vinyl ester, polyester, or epoxy matrix. These composites offer high strength for manufacturing lightweight and efficient rotor blades for large wind turbines maintaining cost efficiency.

The product offer superior properties such as high electric insulation, tensile strength, and corrosion and chemical resistance. Increasing R&D to improve product performance, wrapping, weaving, cleaning, and finishing to offer different weave patterns suitable for industry-specific applications are poised to work in favor of the market.

The glass fiber production technology and unique post-processing systems have a significant impact on quality of manufactured fiberglass fabric. Innovation and development of new technologies to obtain superior product quality for high-tech aerospace & defense and electronics industry applications have tremendous impact on competitive environment.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/fiberglass-fabric-market

Further key findings from the report suggest:

  • The E-glass segment accounted for over 80.0% of the revenue share in 2017 on account of superior physical and mechanical properties such as high strength and stiffness and high temperature, flame and heat resistance
  • The nonwoven fiberglass fabrics segment is anticipated to register a CAGR of 6.3% in terms of revenue from 2017 to 2025 owing to its advantages over woven such as increased impact resistance, thermal insulation, and liquid repelling ability
  • The application of fiberglass fabric in the construction industry accounted for 25.8% of the revenue share in 2017 on account of its increasing demand in the construction industry to mask cracks and improve integrity of walls and ceiling
  • Fiberglass fabric in wind energy application is anticipated to register a CAGR of 7.3% in terms of revenue during the forecast period owing to its electrical insulation and lightweight characteristics, which aids in improving efficiency of wind turbines and their energy output
  • The industry in Central & South America is expected to register a growth of 7.3% owing to rising demand for the product in application industries including automotive, aerospace & defense, and electrical & electronics
  • Major players in the industry focus on research & development activities to identify new market opportunities and product development on the basis of requirements from the application industries

Diabetic Socks Market Size Worth $303.2 Million By 2027

The global diabetic socks market size is anticipated to reach USD 303.2 million by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.5% from 2020 to 2027. The rising prevalence of diabetes worldwide is expected to fuel market growth. According to a report by the International Diabetic Federation, the number of diabetic cases is expected to increase by 25% from 463 million in 2019 to 578 million in 2030. Additionally, countries in South East Asia and the Middle East are expected to witness close to 74% and 96% increase, respectively, in the number of cases by 2045. Increasing cases of diabetes will complement the growth of the market in the coming years.

One of the market drivers is the growing need for non-invasive methodologies. Growing awareness of self-care treatments pertaining to supporting footwear, along with technical advances such as gel padding and the launch of smart socks with fiber-optic sensors, is presenting new growth opportunities for the market. For example, in June 2019, Protect iT, a Swiss brand, launched a therapeutic line and a comfort line of diabetic socks with padded layers to deliver protection to the sensitive and sore-prone areas of the feet for people with diabetes.

By product type, the calf-length socks segment held the largest share of 68.3% in 2019. The growth is attributed to an increase in recommendations by doctors and medical councilors of calf-length socks to diabetic neuropathy patients. These socks help to avoid infection in the feet and any potential damage to their circulatory and nervous systems caused by high blood sugar levels

North America accounted for the largest revenue share in 2019. According to the report by the American Diabetes Association, nearly 1.6 million Americans have type 1 diabetes, including about 187,000 children and adolescents. Growing cases of diabetes in this region are expected to fuel the market growth. Moreover, the presence of leading players in this region is driving the market. For example, in February 2015, Sigvaris USA announced the launch of their new diabetic’s sock designed for diabetic patients. Eversoft diabetic socks with FreshGuard technology treatment that can prevent odor and moisture and decrease the risk of infection by reducing the friction against the skin. Technological innovations are expected to bode well for the regional market.

E-commerce is expected to emerge as the fastest-growing channel in the coming years. Online searches for diabetic socks have increased steadily, particularly in the United States, Canada, the U.K., and Australia. This bodes well for manufacturers and brands planning to set up e-commerce sites to sell products wholesale or retail or is setting up shop with one of the top auction or on-line retail sites, such as eBay, uBid, and Bidz.com. These sites already generate a large amount of traffic, which increases product visibility, thereby enhancing sales of these products through online sales channels.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/diabetic-socks-market

Further key findings from the report suggest:

  • In terms of product type, the calf-length segment held a 68.3% share of the overall revenue in 2019
  • Asia Pacific is expected to expand at the fastest CAGR of 5.9% from 2020 to 2027. Growing cases of diabetes are expected to drive the market in the region. China and India are among the top two countries witnessing the largest number of diabetic cases across the globe
  • By distribution channel, the hypermarket segment held the largest share in 2019 and is expected to retain its pole position throughout the forecast period. The increasing availability of a wide range of diabetic socks in these stores is one of the main reasons driving the segment
  • Companies with a strong brand image will build traction and new companies who leverage technology will continue to enjoy a greater portion of the marketplace.

Men’s Skincare Products Market Size Worth $18.92 Billion By 2027

The global men’s skincare products market size is anticipated to reach USD 18.92 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.2% from 2020 to 2027. Rising awareness among males regarding personal grooming is driving the demand for men’s skincare products globally. At a macro level, increasing disposable income has been favoring market growth over the years.

Premiumization emerged as the latest trend within the market in the recent past. With the growing demand for premium products, manufacturers are increasingly focusing on achieving green formulations under the premium category. Demand for men’s skincare solutions is likely to be principally driven by the growing popularity of organic and natural products with natural extracts. Furthermore, packaging is expected to play a key role in creating their demand. In this respect, men’s skincare products packaged using sustainably sourced materials are more likely to gain popularity in the foreseeable future.

Male consumers around the world, most notably baby boomers, are increasingly venturing into the luxury space. This is likely to encourage manufacturers to increasingly focus on manufacturing premium skincare solutions shortly. In addition, baby boomers are considered a viable target by skincare brands that offer health-oriented solutions, such as anti-residue rinse and cleansing conditioners.

Demand for cleansers and face wash and sunscreen outpacing that of shave care essentials suggests that the trend of male grooming is moving beyond the basics of fragrance and shaving. In recent years, an increasing number of men have started paying more attention to their grooming habits and appearance, thereby encouraging manufacturers of men’s skincare essentials to venture into relatively novel categories, such as facial masks and serums.

With regards to sales/distribution channels for men’s skincare solutions, offline distribution channels such as supermarkets and hypermarkets and convenience stores are likely to remain the most preferred platforms throughout the forecast period. Recent years have witnessed key developments in the offline distribution space. For instance, in December 2016, Philips and L’Oréal launched a male grooming club to showcase their items to male travelers at Singapore Changi Airport. Such developments are likely to take place over the forecast timeframe, given the intensity of competition within the market.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/mens-skincare-products-market

Further key findings from the study suggest:

  • The shave care segment grabbed 32.7% share of the overall revenue in 2019
  • In terms of distribution channel, supermarkets and hypermarkets held the largest share in 2019 and are expected to maintain its lead throughout the forecast period
  • Product innovation is a key strategy deployed by majority of market players to stay abreast of the competition.

Surfing Apparel & Accessories Market Size Worth $1.56 Billion By 2027

The global surfing apparel and accessories market size is expected to reach USD 1.56 billion by 2027, expanding at a CAGR of 5.3% over the forecast period, according to a new report by Grand View Research, Inc. Increasing participation of people in water sports, coupled with growing popularity of surfing as a fitness activity, is a major factor driving the market.

Surfing has been highly perceived as a game of the youth and has emerged as an indicator of active and physically exhilarating sports among young minded people. Enthused by the opportunities existent in this space, a large number of players have been venturing in the surfing industry to develop technological advanced equipment and accessories, which will, in turn, have a positive influence on the surfing apparel market. For instance, in October 2016, Trinity Board Sport announced the launch of a surfboard based on parabolic rail system technology. The board offers 20%-30% more volume than a conventional surfboard, thus offering high degree of balancing and significant performance advantages.

Based on product, surf apparel held the largest share of 77.3% in 2019 and is expected to maintain its lead over the forecast period. Increasing product innovation by leading manufacturers, such as Quiksilver, Channel Islands Surfboards, and Firewire Surfboards, is fueling the segment growth. For instance, in July 2019, Billabong, an Australia-based company announced the launch of a graphene-enhanced surfing apparel named Furnace Graphene. This product is intelligently designed where graphene wrapped yarns trap and retain heat more efficiently, thereby offering warmth to the wearer.

North America emerged as the largest regional market and accounted for a share of 47.3% in 2019. Predominating presence of a well-established water sports/surfing infrastructure in the region is one of the key factors driving the market.

Asia Pacific is expected to be the fastest growing market with a CAGR of 6.0% from 2020 to 2027. International tourist arrivals and tourist expenditure on water sports have set the tone for surfing sports in the region. Many prominent beaches in the region such as Kuta beach in Indonesia, Weligama beach in Sri Lanka, Pansea in Thailand, and Bai Dai beach in Thailand have been gaining traction among the tourists as a popular destination for surfing. These practices have increased the visibility and acceptability of the sport in the region.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/surfing-apparel-accessories-market

Further key findings from the report suggest:

  • By product, surf accessories are expected to expand at the fastest CAGR of 5.7% from 2020 to 2027. Increasing demand for accessories, such as wetsuit booties and reef socks, among professional surfing enthusiasts has been driving the segment
  • Online distribution channel is projected to expand at the fastest CAGR of 5.9% from 2020 to 2027. The online retailers offer a wide range of surfing apparel and accessories with special pricing and great discounts seasonally offered, which is a key factor enhancing the segment growth
  • Asia Pacific is anticipated to be the fastest growing market with a CAGR of 6.0% from 2020 to 2027 as a result of changing consumer viewpoint towards adventure water sports
  • Major manufacturers are adopting various methods for developing eco-friendly outdoor clothing or apparels. For instance, in November 2019, Finisterre, a U.K.-based company, collaborated with Innovate UK’s Knowledge Transfer Partnership and the University of Exeter to design wetsuit techniques that would save close to 380 tons of discarded wetsuits sent to landfill every year in U.K.

Field Programmable Gate Array Market Size Worth $18.8 Billion By 2027

The global field programmable gate array market size is anticipated to reach USD 18.8 billion by 2027, registering a CAGR of 9.7% over the forecast period, according to a new report by Grand View Research, Inc. The increased adoption of field programmable gate array (FPGA) across networking, data center, and Internet of Things (IoT) is projected to drive the industry growth over the forecast period.

Growing application of the FPGAs in the aerospace and military sector to develop drone systems for flight control, sensor interfacing, and image processing is driving the industry growth. Flash-based field programmable gate arrays are resistant to radiation-induced configuration shocks and also offer efficient functionality at high altitudes. The flash segment is anticipated to witness a substantial growth over the forecast period, owing to their abilities of consuming less power and delivering security, safety, and reliability throughout the design and deployment process.

Companies are largely seen to be leveraging the power of field programmable gate arrays to develop Artificial Intelligence (AI) based solutions for automotive applications. For instance, in June 2018, Xilinx, Inc. collaborated with Daimler AG to help the deep learning professionals from the Mercedes-Benz R&D centers for developing AI algorithms on the Xilinx adaptable acceleration platform. The automotive segment is likely to fully exploit the capacities of the FPGAs for deploying neural networks for intelligent vehicle systems and optimizing battery management, power conversions, and electric motor control systems of the Electric Vehicles (EV) and Hybrid-Electric Vehicles (HEV).

Click the link below:
https://www.grandviewresearch.com/industry-analysis/fpga-market

Further key findings from the report suggest:

  • The FPGA market is anticipated to witness a noteworthy growth over the forecast period owing to increased usage of FPGAs in EVs, vehicle networking and connectivity, self-driving cars, and automotive infotainment.
  • The SRAM technology segment is expected to witness significant growth over the forecast period owing to its features including greater logic density, better performance, non-volatility, and its manufacturing simplicity.
  • The FPGAs used in the consumer electronics sector generated a revenue of over USD 1.0 billion in the year 2019, due to growing adoption of digital displays, televisions, cameras and camcorders, eReaders, and set-top boxes for households.
  • The Asia Pacific region is expected to witness a substantial growth from 2020 to 2027 due to increase in sale of consumer electronics, especially smartphones, in countries like China and India, and growing number of data centers in the region.
  • Xilinx, Inc.; Intel Corporation, Microsemi Corporation; Texas Instruments; Lattice Semiconductor Corporation; and Taiwan Semiconductor Manufacturing Company are some of the key players in the FPGA market.