According to a new report by Allied Market Research, the global embedded FPGA market is projected to nearly triple over the next six years.
The report is titled ‘Global Embedded FPGA Market by Technology and Application: Global Opportunities Analysis and Industry Forecast, 2018-2024.'
It shows that the eFPGA market was valued at $3,026 million in 2017 and is projected to reach $8,981 million by 2024, registering a CAGR of 16.5% from 2018 to 2024.
eFPGAs are renovating the chip design process and have changed the way the data centers are maintained.
These chips enable the transferal of critical tasks from software onto hardware for power saving, which is crucial for the power-sensitive applications.
Embedded FPGAs are increasingly prospering into networking/data centers as well as wireless base stations and other applications.
For instance, recently, Harvard University had announced the integration of eFPGA into its deep learning chip.
With this integration, the deep learning algorithms can evolve in real time.
Factors such as low power requirement and reduced system cost drive the demand for embedded FPGA.
The adoption of eFPGA in high-end applications is expected to be opportunistic for the market.
However, designing complexities is expected to hamper the market growth.
The report features a competitive scenario of the global embedded FPGA market and provides a comprehensive analysis of the key growth strategies adopted by major players.
The key players operating in the global embedded FPGA market include Intel Corporation, Qualcomm Technologies Incorporation, Broadcom Limited, Quick Logic Corporation, NXP Semiconductors N.V., Renesas Electronics Corporation, Analog Devices Inc., Xilinx Inc., Microchip Technology, and Cypress Semiconductor.
These players have adopted competitive strategies, such as innovation, new product development, and market expansion to boost the growth of the market.
eFPGAs offer flexibility of hardware and security for custom hardwired circuits.
Also, eFPGA enables the customisation of SoCs post-production at low cost and without the need to remanufacture the chips.
eFPGA provides essential enhancements in bandwidth, signal delays, latency, power, and cost over FPGAs.
The SRAM subsegment accounted for the highest share in 2017, owing to its characteristic of faster in-circuit configuration. However, the flash sub-segment is expected to depict a lucrative growth rate due to high performance and low system cost.
The telecom sector dominated the market in 2017 owing to increased adoption in wireless connectivity.
Asia-Pacific dominated the global FPGA market in 2017, owing to the presence of a huge number of eFPGA manufacturers. Further, China accounts for a major percentage of the regional revenue.