The complex programmable logic device global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Complex Programmable Logic Device Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The complex programmable logic device market size has grown strongly in recent years. It will grow from $0.56 billion in 2023 to $0.60 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to integration and miniaturization, cost reduction, faster prototyping and product development, flexibility, and efficient power consumption.
The complex programmable logic device market size is expected to see strong growth in the next few years. It will grow to $0.81 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to automotive applications, telecommunications infrastructure, industrial automation, demand in consumer electronics, and competitive pricing. Major trends in the forecast period include the demand for compact and efficient electronics, the rise of advanced driver-assistance systems, the increasing adoption of CPLDs in smart homes, the demand for power-efficient CPLDs, and the development of more sophisticated and user-friendly design tools.
Order your report now for swift delivery @
https://www.thebusinessresearchcompany.com/report/complex-programmable-logic-device-global-market-report
Scope Of Complex Programmable Logic Device Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Complex Programmable Logic Device Market Overview
Market Drivers –
Increasing demand for electronic devices is expected to propel the growth of the complex programmable logic device market going forward. Electronic devices refer to a wide range of gadgets and instruments that rely on the principles of electronics to perform their functions. The demand for electronic devices is rising due to several reasons, including connectivity, remote work and learning, consumer lifestyle changes, and digitalization. Complex programmable logic devices are used in electronics to implement customizable digital circuits. They offer a balance of flexibility and speed, allowing designers to program specific logic functions, which makes them ideal for applications such as simple control systems and glue logic. For instance, in January 2023, according to LG Corporation, a South Korea-based company, LG Electronics reached its highest-ever annual revenue, exceeding USD 64.05 billion for the first time, resulting in a 12.9% increase from 2021. Furthermore, in February 2024, according to Uswitch Limited, a UK-based price comparison service and switching website, there were 71.8 million mobile connections in the UK, which was a 3.8% increase from 2021. The UK population is expected to reach 68.3 million by 2025, with 95% owning a smartphone. Therefore, the increasing demand for electronic devices is driving the growth of the complex programmable logic device market.
<h4 class=reporthtag>Industrial Automation Drives Growth In The Complex Programmable Logic Device Market</h4>
Growing industrial automation is expected to propel the growth of the complex programmable logic device market going forward. Industrial automation is the use of control systems, such as computers or robots, and information technology to replace human intervention in various industrial processes and machines. Industrial automation is rising due to several reasons, including efficiency and productivity, quality improvement, and workplace safety. Complex programmable logic devices (CPLDs) are used in industrialization for custom hardware solutions due to their reconfigurability and ability to handle multiple logic functions efficiently. They offer high reliability and speed, which are essential for industrial automation and control systems. For instance, in October 2023, according to the International Federation of Robotics, a Germany-based professional non-profit organization, sales of service robots for professional use surged by 48% to 158,000 units in 2022 as automation adoption grew, while the World Robotics 2021 industrial robots report recorded a 10% increase, reaching a record 3 million industrial robots in operation globally. Therefore, growing industrial automation is driving the growth of the complex programmable logic device market.
The complex programmable logic device market covered in this report is segmented –
1) By Type: Electrically Erasable Programmable Read-Only Memory (EEPROM)-Based, Flash-Based, Other Types
2) By Sales Channel: Direct, Indirect
3) By Application: Consumer Electronics, Telecommunication, Automotive, Medical Devices, Industrial, Other Applications
Get an inside scoop of the complex programmable logic device market, Request now for Sample Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=17118&type=smp
Regional Insights –
Asia-Pacific was the largest region in the complex programmable logic device market in 2023. The regions covered in the complex programmable logic device market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the complex programmable logic device market are Intel Corporation, Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., Avnet Inc., Toshiba Corporation, Texas Instruments Incorporated, STMicroelectronics, Infineon Technologies AG, Emerson Electric Co., NXP Semiconductors, Analog Devices Inc., Renesas Electronics Corporation, Microchip Technology Inc., Rockwell Automation, Omron Corporation, ROHM CO. LTD., Vishay Intertechnology Inc., Yokogawa Electric Corporation, Silicon Labs, Lattice Semiconductor
Table of Contents
1. Executive Summary
2. Complex Programmable Logic Device Market Report Structure
3. Complex Programmable Logic Device Market Trends And Strategies
4. Complex Programmable Logic Device Market – Macro Economic Scenario
5. Complex Programmable Logic Device Market Size And Growth
…..
27. Complex Programmable Logic Device Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
