GLOBAL EMBEDDED FPGA MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
Global embedded FPGA market is estimated to be valued at USD 109.82 Million in 2024 and is expected to reach USD 302.96 Million by 2031, exhibiting a compound annual growth rate (CAGR) of 15.6% from 2024 to 2031.
Report Description:
Embedded FPGAs are integrated programmable logic devices that are embedded inside system on chips (SoCs) or application-specific integrated circuits (ASICs). These provide post-production flexibility to modify and upgrade the design and functionality of electronic products after manufacturing. Global embedded FPGA market has been growing steadily as manufacturers across various industries are adopting them to customize products on demand, extend product lifecycles, and upgrade designs flexibly. These reduce design risks and costs for OEMs compared to fully customized ASICs while providing better performance than general purpose microprocessors. With the onset of technologies like edge computing and IoT, demand for embedded programmable solutions is expected to increase in the near future.
Market Dynamics:
The embedded FPGA market is being propelled by several key factors. Firstly, there's a surging demand for customizable System on Chips (SoCs) that can be reprogrammed after production, offering the flexibility to update designs and incorporate new features. This flexibility is particularly valuable for industries like industrial IoT, automotive, and communications. However, despite these advantages, the market faces challenges such as the comparatively high costs of embedded FPGAs compared to traditional fixed-function devices, and reluctance among some companies to shift from established ASIC-based designs. Despite these hurdles, there are significant growth opportunities on the horizon. The increasing adoption of edge computing and the proliferation of AI/ML workloads are driving demand. Additionally, the realization of benefits in applications such as Advanced Driver Assistance Systems (ADAS) and 5G, along with the rising need for reconfigurable computing platforms in data centers, are creating promising avenues for market expansion. These trends underscore the potential for embedded FPGAs to play a pivotal role in shaping the future of diverse industries.
Key features of the study:
Market Segmentation
Table of Contents
*Browse 24 market data tables and 28 figures on "Global Embedded FPGA Market” - Global forecast to 2031
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports
Customize NowWe help clients to procure the report or sections of the report at their budgeted price. Kindly click on the below to avail
Request Discount
Joining thousands of companies around the world committed to making the Excellent Business Solutions.
View All Our Clients