by The Global Embedded FPGA Market is characterized by the integration of field programmable gate arrays (FPGAs) into chip multi-processors, networking chips, or system-on-chips. Embedded FPGAs allow designs to be modified even after the product has been deployed. They offer benefits like rapid prototyping, accelerating performance-critical functions, and adding new capabilities through software updates. Embedded FPGAs are finding increased usage in applications such as data centers, wireless infrastructure, test & measurement, industrial automation, aerospace & defense, automotive among others.
The Global Embedded FPGA Market is estimated to be valued at US$ 109.82 Mn in 2024 and is expected to exhibit a CAGR of 15.% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Global Embedded FPGA are Achronix, Analog Devices Inc., Broadcom Limited, Cypress Semiconductor, Efinix, FlexLogix, Intel Corporation, Lattice Semiconductor, MicrochipTechnology, Microsemi, NanoXplore, NXP Semiconductors N.V., Qualcomm Technologies Incorporation, Quick Logic Corporation, Renesas Electronics Corporation, Xilinx Inc.
The key opportunities in the Global Embedded FPGA Market Trends include growth in 5G infrastructure and communications, increased adoption of AI and machine learning, and growth in data center applications. Rapid development of 5G wireless infrastructure will drive demand for high performance embedded FPGAs. Also, increasing adoption of AI and machine learning functionalities across various industries will augment market growth.
Technological advancements like AI-enhanced configuration, hybrid FPGA chips, and toolchains for machine learning are expanding the capabilities of embedded FPGAs. For instance, Intel acquired eFPGA pioneer Achronix to combine FPGAs and CPUs on the same silicon. Xilinx also introduced hybrid FPGAs combining ARM CPU cores with programmable logic on a single die.
Market Drivers
The key drivers for global embedded FPGA market are increasing adoption of AI and IoT technologies across various industries and growth in demand for data centers. Rising adoption of AI & IoT functionalities in automotive, industrial automation, healthcare and other sectors is generating huge volumes of data, driving the need for data processing capabilities. Embedded FPGAs help accelerate AI and data analytics applications through parallel processing capabilities. Growing number of connected devices is also driving the need for high-speed data processing near the edge. This is augmenting the growth of embedded FPGA market.
Current challenges in the Global Embedded FPGA Market
The Global Embedded FPGA Market is facing various challenges which are restraining its growth. Some of the major challenges include high upfront NRE (non-recurring engineering) costs involved in designing FPGA based solutions. Moreover, designing complex logic functions on FPGAs require high level of expertise and specialized EDA tools which increase the design cost and time to market for vendors. Furthermore, continuous technology evolution in the programmable logic industry poses upgradation challenges for vendors. Regular updates are required to leverage latest FPGA features and stay competitive.
SWOT Analysis
Strength: Programmable logic and flexibility to modify logic functions post manufacturing. Can add/update features via programming.
Weakness: High upfront NRE costs and design expertise required. Regular upgradation needs add to costs.
Opportunity: Growing demand for customized hardware in applications such as industrial automation, wireless infrastructure, automotive, aerospace.
Threats: Threat from ASICs in high volume applications due to better power, performance and lower per unit cost. Continuous technology evolution requires regular investments.
Geographical regions concentration
North America region accounts for the largest share in the Global Embedded FPGA Market in terms of value. This is attributed to presence of majority of FPGA vendors and exponential growth of AI/ML and edge computing applications demanding customized hardware acceleration in the region.
Fastest growing region
Asia Pacific region is expected to witness the highest growth in the Global Embedded FPGA Market during the forecast period. Increased investments by technology companies as well as emergence of local FPGA developers are supporting market growth in countries such as China, India, Japan and South Korea coupled with proliferating demand across diverse applications such as automotive, industrial automation and communications infrastructure.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it.
