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In signal processing applications, the multipliers are essential component of arithmetic functional units in many applications, like digital signal processors, image/video processing, Machine Learning, Cryptography and Arithmetic & Logical units (ALU). In recent years, Profuse multipliers are there. In that, Vedic multiplier is one of the high-performance multiplications and it is used to signal/image processing applications. In order to ameliorate the performance of this multiplier further, by proposed a novel multiplier using hybrid compressor. The proposed hybrid compressor-based multiplier is designed and implemented in Field programmable Gate Array (FPGA—spartan 6). The synthesis result shows that the speed of proposed hybrid compressor-based multiplier gets improved as compared to Array multiplier (35.83%), Wallace tree multiplier (34.58%), Vedic Multiplier based on Carry look ahead adder (CLA) (28.49%), Vedic Multiplier based on Ripple carry adder (RCA) (20.65%), Booth Multiplication (21.65%) and Vedic Multiplication based on Han-Carlson Adder (HCA) (20.10%) and Hybrid multiplier using Carry Select Adder (CSELA) (17.81%) and Hybrid Vedic Multiplier (7.15%). [ABSTRACT FROM AUTHOR]