The latest research study “Embedded FPGA Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global embedded FPGA market size reached US$ 5.87 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 16.68 Billion by 2027, exhibiting a growth rate (CAGR) of 17.20% during 2022-2027.
Embedded FPGA Market Overview:
The embedded field-programmable grid array (FPGA) is an intellectual property (IP) core embedded into a system on chips (SoC) or application-specific integrated circuits (ASIC) to enable post-production modification and updates.
It is used in biomedical engineering, diagnostic imaging, defense equipment, hardware acceleration for machine learning (ML), wireless body sensor networks, electromedical segments, and genomics. It is more reliable, affordable, energy-efficient, and performs better than traditional FPGAs. As a result, embedded FPGA finds extensive applications in the consumer electronics, telecommunications, aerospace, defense, and automotive industries across the globe.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Embedded FPGA Market Trends and Drivers:
The global embedded FPGA market is primarily driven by the increasing adoption of wireless connectivity across establishments. Moreover, the escalating product use in data processing applications to speed up execution and address parallel, high throughput problems related to image and signal processing is positively influencing the market growth.
Additionally, the surging adoption of embedded FPGA to develop next-generation artificial intelligence (AI) accelerators with high compatibility, cost efficiency, and low data latency is another major growth-inducing factor. Besides this, the rising use of embedded FPGA for flexibility and real-time update of algorithms and protocols in the third generation (3G), fourth-generation (4G), fifth-generation (5G), and long-term-evolution (LTE) communication technologies has augmented the product demand.
Furthermore, the increasing employment of the internet of things (IoT)-enabled devices to provide better security and facilitate user-defined customization is contributing to the market growth. Other factors, including the escalating product demand from the industrial sector, the rising need to enhance the safety and operational range of military communication systems, and the shift toward smaller process nodes, are also anticipated to drive the market further.
Embedded FPGA Market Report Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Achronix Semiconductor Corporation, Adicsys, Advanced Micro Devices Inc, Efinix Inc, Flex Logix Technologies Inc., Intel Corporation, Lattice Semiconductor Corporation, Menta S.A.S, Microchip Technology Inc and Quick Logic Corporation.
The report has been segmented the market into following categories:
- Data Processing
- Consumer Electronics
- Military and Aerospace
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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