DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/96d36t/global) has announced the addition of the "Global Programmable Logic Devices Market 2012-2016" report to their offering.
TechNavio's analysts forecast the Global Programmable Logic Devices market to grow at a CAGR of 12.9 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing focus on reducing power consumption. The market has also been witnessing increasing adoption of Programmable Logic Devices in various sectors. However, the cyclical nature of the industry with respect to the demand of these devices could pose a challenge to the growth of this market.
The key vendors dominating this market space include Altera Corp., Lattice Semiconductor Corp., and Xilinx Inc.
The other vendors mentioned in this report are Microsemi and Quicklogic.
Commenting on the report, an analyst from the team said: PLDs are being viewed as replacements for ASICs and ASSPs. This is because, with PLD system integrators use inexpensive software tools to quickly develop, simulate, and test their designs. Furthermore, a design can be quickly programmed into a device, and immediately tested in any circuit. As a result of which the PLDs are used for various applications such as network routers, DSL modems, DVD players, or automotive navigation systems. Thus, the increasing applications of PLDs in various sectors will tend to increase the growth prospects of the market.
According to the report, one of the main drivers in this market is the increasing focus toward reducing the power consumption of devices. With the increasing demand for portable electronic devices, the need for extended battery life for these devices is becoming an issue. The integration of PLDs in electronic portable devices reduces the power consumption.
For more information visit http://www.researchandmarkets.com/research/96d36t/global
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