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Global Embedded Field-Programmable Gate Array (FPGA) Market Overview Covering Forecast Market Size And Growth Rate 2033
Embedded Field-Programmable Gate Array (FPGA) Market
According to The Business Research Company's, The embedded field-programmable gate array market size has grown rapidly in recent years. It will grow from Customise$9.6 billion in 2023 to $11.09 billion in 2024 at a compound annual growth rate (CAGR) of 15.4%. Customise The growth in the historic period can be attributed to rising demand for customized Integrated circuits, increased adoption in telecom sector, increased adoption in military and aerospace sector, increased adoption in automotive and aerospace sectors, increased adoption in consumer electronics.
The embedded field-programmable gate array market size is expected to see rapid growth in the next few years. It will grow to Customise$19.49 billion in 2028 at a compound annual growth rate (CAGR) of 15.1%. Customise The growth in the forecast period can be attributed to rising demand for high-speed, low-latency, and massive IoT applications, increased adoption in telecom sector, increased adoption in military and aerospace sector, increased adoption in automotive and aerospace sectors, increased adoption in consumer electronics. Major trends in the forecast period include technological innovation, partnership and collaboration, investment.
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Market Drivers and Trends:
The rapid expansion of 5G networks is expected to propel the growth of the embedded field-programmable gate array market going forward. 5G networks are the fifth generation of mobile networks, providing faster data transfer rates, lower latency, and increased capacity for wireless communication. 5G networks enhance embedded field-programmable gate arrays (FPGAs) by providing high-speed wireless connectivity, enabling efficient communication and data transfer in IoT and embedded systems. This integration facilitates real-time processing and responsiveness in diverse applications. For instance, in September 2023, according to 5G Americas, a US-based industry trade organization, in North America, 40% of the population now uses 5G, and it's growing fast at 25.5% in the first half of 2023. Additionally, by 2028, it's expected to reach 669 million connections. Therefore, the rapid expansion of 5G networks drives the growth of the embedded field-programmable gate array market.
Major companies operating in the embedded field-programmable gate array (FPGA) market are developing innovative technology such as the FPGA-based adaptive (system-on-chip) SoC, to increase profitability in the market. An FPGA-based adaptive SoC is a type of semiconductor device that combines the flexibility and reconfigurability of an FPGA with the functionality of a traditional SoC. For instance, in June 2023, Advanced Micro Devices Inc., a US-based multinational corporation and semiconductor company, launched the AMD Versal Premium VP1902 adaptive SoC. This chip is made for emulation and prototyping, with twice the capacity of older FPGAs. It helps simplify testing complex semiconductor designs, especially for AI and other emerging technologies in application-specific integrated circuits (ASIC) and SoC development.
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• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
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Major Key Players of the Market:
Intel Corporation, Broadcom Limited, NVIDIA Corporation, AMD Inc., Toshiba, Texas Instruments, Infineon Technologies, NXP Semiconductors N.V., Analog Devices Inc., Microchip Technology, Renesas Electronics Corporation, Lattice Semiconductor Corporation, Altera, Menta, Quick Logic Corporation, Zilog, Flex Logix, Achronix Semiconductor Corporation, Microsemi, Efinix, Cypress Semiconductor, Atmel, GOWIN SemiconductorCustomise
Embedded Field-Programmable Gate Array (FPGA) Market 2024 Key Insights:
• The Embedded Field-Programmable Gate Array (FPGA) Market is expected to grow to $19.49 billion in 2028 at a compound annual growth rate (CAGR) of 15.1%.
• Customise5G Networks Fueling Growth In The Embedded Field-Programmable Gate Arrays MarketCustomise
• CustomiseInnovative Developments In Embedded Field-Programmable Gate ArraysCustomise
• CustomiseAsia-PacificCustomise was the largest region in the embedded field-programmable gate array market in 2023. The regions covered in the embedded field-programmable gate array (FPGA) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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