Embedded Non-Volatile Memory Market Size is Expected to Reach USD 471.5 Million by 2022

 Embedded Non-Volatile Memory Industry

The global embedded non-volatile memory market size was valued at USD 129.9 million in 2014. The market growth is attributed to the increasing penetration of IoT-based devices and services in developing countries. The need for ubiquitous connectivity necessitates the rapid deployment of inexpensive and low power consuming products with the ability to communicate securely. Therefore, the proliferation of IoT-based devices and services is estimated to spur the demand significantly over the forecast period.

Embedded non-volatile memory is a small-sized chip used to meet a variety of embedded system applications. It is primarily used in smart card, SIM card, microcontrollers, PMIC, and display driver IC for the purpose of data encryption, programming, trimming, identification, coding, and redundancy. Manufacturers focus on providing secured eNVMs for MCUs used in the IoT-based devices.

 

Gather more insights about the market drivers, restrains and growth of the Global Embedded Non-Volatile Memory Market

High efficiency and compact design associated with eNVMs are expected to replace comparatively bulky, conventional, standalone non-volatile memories. It is one of the key components of IoT-based microcontroller devices. The use of low power and low-cost embedded non-volatile memories can decrease consumer electronics cost significantly, which is also anticipated to catapult product demand over the next few years. The growing need for security in the connected devices is anticipated to provide avenues for growth owing to the secured layer provided at the most vulnerable physical layer, which cannot be breached through passive, semi-invasive, and invasive methods.

These memories are also used in automobiles, particularly in head-up displays and next-generation technology such as key-less push button start features. Therefore, increasing demand for smart cars is anticipated to catalyze embedded non-volatile memory market growth over the next eight years. Miniaturization of devices such as smartphones as well as automobile components has instigated manufacturers to reduce the process node size without affecting the performance. For instance, Chinese manufacturer, HHGrace is investing in R&D, in order to scale down the process node to deliver compact and efficiently performing eNVM solutions, PWM ICs, and MEMS chips.

Browse through Grand View Research's Semiconductors Industry Research Reports.

  • Embedded System Market: The global embedded systems market was valued at USD 140.32 billion in 2013 and is expected to reach USD 214.39 billion by 2020, growing at a CAGR of 6.3% from 2014 to 2020.
  • Smart Lighting Market: The global smart lighting market size was valued at USD 10.85 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 20.4% from 2021 to 2028.

Embedded Non-Volatile Memory Market Segmentation

Grand View Research has segmented the global embedded non-volatile memory market on the basis of product and region:

  • eNVM Product Outlook (Revenue, USD Million; 2012 - 2022)
    • eFlash
    • eE2PROM
    • FRAM
    • Others
  • eNVM Regional Outlook (Revenue, USD Million; 2012 - 2022)
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa (MEA)

Market Share Insights

  • April 2022: United Microelectronics Corporation will be looking to display strength as it nears its next earnings release

Key Companies profiled:

Some prominent players in the global embedded non-volatile memory market

  • GlobalFoundries,
  • United Microcontroller Corporation (UMC),
  • Semiconductor Manufacturing International Corporation (SMIC),
  • HHGrace,
  • Kilopass,
  • eMemory Technology Inc.

Order a free sample PDF of the Embedded Non-Volatile Memory Market Intelligence Study, published by Grand View Research.


About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 


 

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