IMARC Group, a leading market research company, has recently releases report titled “Embedded FPGA Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032" The global embedded FPGA market size reached US$ 7.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 19.5 Billion by 2028, exhibiting a growth rate (CAGR) of 16.7% during 2024-2028.
The rising demand for specialized applications such as AI and 5G, reconfigurability for evolving needs, and the growing need for power efficiency, and flexibility, particularly in sectors like telecom, AI, 5G, and IoT are some of the major factors propelling the market.
An embedded field-programmable gate array (FPGA) is a versatile electronic component that is designed to enhance the flexibility and adaptability of integrated circuits within various applications. It serves as a programmable logic block that can be configured and reconfigured after manufacturing and enables customization of functionality and performance optimization. It is integrated into semiconductor devices to provide a dynamic platform for hardware acceleration, signal processing, and real-time data manipulation. As it assists in enhancing the overall efficiency and capabilities of electronic systems, the demand for embedded FPGA is increasing across the globe
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Embedded FPGA Market Trends and Drivers:
At present, the rising adoption of embedded FPGAs, as they offer enhanced flexibility that enables tailored hardware implementations to meet specific application requirements, represents one of the key factors strengthening the market growth. Additionally, the increasing demand for advanced electronic component that enhances the processing power of integrated circuits and enables resource-intensive tasks, such as data analytics, artificial intelligence (AI), and machine learning (ML), is bolstering the growth of the market. Moreover, the rising adoption of embedded FPGAs, as they facilitate energy-efficient designs by enabling hardware optimization for specific tasks, is offering a lucrative growth opportunity to industry players. In line with this, the increasing employment of embedded FPGAs that empower devices to perform complex computations locally, reduce latency, and enhance responsiveness is supporting the growth of the market.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
The report has been segmented the market into following categories:
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Key highlights of the report:
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