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Complex Programmable Logic Devices Market Growth Boosted by Increased Proliferation of IoT| Technavio | Business Wire

Technavio has published a new market research report on the global complex programmable logic devices market from 2018-2022. (Graphic: Business Wire)

LONDON–(BUSINESS WIRE)–Technavio market research analysts forecast the global complex programmable logic devices (CPLD) market to decline at a CAGR of around 3% during the forecast period. The growth momentum of the market will decelerate due to a decrease in the year-over-year growth.

A major driver that has been contributing to the market’s growth is the high adoption of smartphones and tablets. The number of smartphones shipped across the globe in 2017 was close to 1.75 billion. The shipments of smartphones are likely to reach more than 2.2 billion units by 2022. This is because of the availability of low-cost smartphones in emerging markets such as China and India and the increasing internet penetration around the world. In addition, tablets are also expected to register significant growth in their shipments and are expected to reach 186.63 million units by 2022.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

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