Simple Programmable Logic Device Market Share

North American Market Forecast

The North America simple programmable logic device market is poised to gather the largest share of about 30% over the coming years. The market expansion in this region is set to be encouraged by the growing production of single programmable logic devices. North America region has observed exponential growth in the standard of living of people which is why they have been demanding more consumer electronics. Furthermore, this region has also experienced great investment in smart city initiatives which is also driving the demand for smart devices further dominating the market expansion.

European Market Analysis

The Europe simple programmable logic device market is also estimated to have significant growth during the forecast period. This growth is projected to be dominated by rising improvement in IT infrastructure. Furthermore, Europe is also experiencing growth in the adoption of electric vehicle. It is predicted that over 61% of sales for electric vehicles has been increased in Europe. This could be on account of growing government initiatives for the sale of EVs in this region. These initiatives include subsidies and the launch of various policies. Furthermore, this region is also focusing on reducing carbon emissions. The unveiling of the Inflation Reduction Act (IRA) and new CO2 requirements in the US and the EU in 2022–2023 grabbed attention. These measures are anticipated to have a big impact on the transition to zero-emission vehicle transportation. Hence, with the growth in electric vehicles the deployment of simple programmable logic devices is also growing.