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Embedded FPGA Market 2023 - Analysis of Rising Business Opportunities with Prominent Investment
Embedded FPGA Market
Explore the Information to Learn More About Embedded FPGA Market - https://www.alliedmarketresearch.com/embedded-fpga-market
Low power requirements and reduced system cost, increased demand for embedded FPGA technology verticals and market players have boosted the growth of the global embedded FPGA market. Allied Market Research recently published a report, titled, "Global Embedded FPGA Market by Technology (EEPROM, Antifuse, SRAM, Flash, Others), by Application (Data Processing, Consumer Electronics, Industrial, Military & Aerospace, Automotive, Telecom, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031". As per the report, the global embedded FPGA industry was accounted for $73.2 million in 2021, and is expected to reach $310.3 million by 2031, growing at a CAGR of 15.6% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscapes, and competitive scenarios.
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Major Determinants of the Market Growth
Low power requirement and reduced system cost, increased demand for embedded FPGA technology verticals and market players have boosted the growth of the global embedded FPGA market. However, complexities in design regarding architecture and implementation hinder the market growth. On the contrary, rise in adoption of high-end applications and strategies decisions by market players would open new opportunities in the future.
Covid-19 Scenario:
The Covid-19 pandemic created challenges and economic adversities for all constituents of the value chain such as businesses and customers.
The prolonged lockdown imposed by the governmental bodies to control the spread of the disease hampered the manufacturing of electronics and disrupted the supply chain.
However, as the companies adopted remote working, the use of electronics and semiconductor equipment increased rapidly.
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The SRAM Segment Dominated the Market
By technology, the SRAM segment held the largest share in 2021, accounting for more than one-third of the global embedded FPGA market, and is projected to maintain its leading position throughout the forecast period. This is due to factors such as rapid rate of operations, low access time, fast re-programmability, and less power consumption. However, the flash segment is estimated to register the highest CAGR of 18.83% during the forecast period, due to factors such as faster read and write operations compared to traditional hard disk drives.
The Consumer Electronics Segment to Portray the Highest CAGR through 2031
By application, the consumer electronics segment is projected to manifest the highest CAGR of 19.38% from 2021 to 2031, due to increase in demand for consumer electronics products and surge in technological awareness. In addition, advancements in artificial intelligence technology and its integration with consumer electronics lead the development of various products. Such factors contribute to the growth of the segment. However, the telecom segment held the largest share in 2021, accounting for nearly one-third of the global embedded FPGA market. Embedded FPGAs are widely used in telecommunications and networking systems as the technology allows system designers to use silicon devices that implement their own designs rather than using merchant silicon, which majorly does not match their specific requirements.
Asia-Pacific Held the Lion's Share
By region, the market across Asia-Pacific dominated in 2021, accounting for more than two-fifths of the market. In addition, the region is anticipated to showcase the highest CAGR of 16.68% during the forecast period. Government authorities of various emerging countries such as India and Taiwan in the Asia-Pacific region have introduced various policies and attractive schemes for semiconductor manufacturers to set up their business in the country and meet the domestic need of various end users such as automotive and healthcare sectors. This, in turn, is projected to boost the growth of the embedded FPGA market. The report includes an analysis of the global embedded FPGA market across North America, LAMEA, and Europe.
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Major Market Players
Achronix Semiconductor Corporation
Adicsys
Flex Logix Technologies, Inc.
Menta S.A.S
NanoXplore
QuickLogic Corporation
The report analyzes these key players of the global embedded FPGA market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.
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