Summary

The South & Central America embedded non-volatile memory market was valued at US$ 21.94 million in 2022 and is expected to reach US$ 84.50 million by 2030; it is estimated to grow at a CAGR of 18.4% from 2022-2030.

Increasing Demand in Low-Power IoT Modules Drives South & Central America Embedded Non-Volatile Memory Market

Technological giants worldwide are highly focused on research and development of new technologies. IoT is positioned at the core of the next-gen software technologies in the embedded non-volatile memory market. Embedded non-volatile memory has a wide range of applications in the IoT sector. They are used to collect and store data to help users perform future decision-making activities. An embedded non-volatile memory is capable of supporting low-power IoT modules. The growing shipment of IoT modules is fueling the embedded non-volatile memory market. For instance, in the first quarter of 2023, companies such as Telit Cinterion, Quectel, and Fibocom increased the shipment of low-power NB-IoT and LTE-M (Cat-M) modules. Embedded non-volatile memory supports IoT modules by saving additional space and cost by reducing the need for on- and off-chip to regulate the voltage of the modules. IoT modules are most commonly used in IoT edge or endpoint devices for solving challenges related to ultra-low power operation and shrinking size. IoT modules can connect to the cloud, exchange data packets, and download firmware in batches while operating independently. These modules require high energy and power to perform operations, which increases the demand for embedded non-volatile memory among users. Furthermore, the growing demand for ultra-low power consumption IoT modules encourages market players to develop new innovative embedded non-volatile memory that requires low power to perform operations. For instance, in June 2022, STMicroelectronics launched the Electrically Erasable Programmable Read-Only Memory (EEPROM) series. The EEPROM series is a new high-density, all-in-one embedded non-volatile memory family that supports embedded systems and tiny IoT modules to operate effectively in low-power energy. The EEPROM series offers several benefits to the user, including efficient data logging, fast upload/download, and ultra-low power for enhancing module efficiency while minimizing power dissipation.

The extensive adoption of IoT is fueling the market growth. For instance, according to the Cisco Visual Networking Index, in 2022, there were more than 28 billion network devices enabled with embedded systems and powered by IoT. The network devices help users improve connectivity and security and reduce additional operational costs for the business. The integration of embedded systems with IoT devices and platforms is enabling new applications and services in areas such as smart homes, smart cities, and industrial IoT. Also, the expansion of smart cities and smart home projects is anticipated to increase the demand for embedded non-volatile memory in IoT-based embedded systems, thereby providing opportunities for the market growth.

South & Central America Embedded Non-Volatile Memory Market Overview

The embedded non-volatile memory market in South & Central America is further segmented into Brazil, Argentina, and the Rest of South & Central America. Mexico and Brazil are the major countries contributing to the highest sales of automobiles in the region. The growing investment in the production of electric vehicles is contributing to the growth of the automotive industry. The rise in demand for electric vehicles equipped with safety features is boosting the manufacturing capabilities of EV manufacturers, further aiding the usage of embedded non-volatile memory in vehicles. Also, the growing investment in automotive manufacturing plants is anticipated to fuel the embedded non-volatile memory market in the coming years. For instance, in January 2022, Great Wall Motor announced its plan to invest US$ 1.9 billion in Brazil's automotive industry over the next decade to manufacture electric and hybrid cars, making it an export hub in Latin America. The integration of various advanced diagnostics and surgical equipment to effectively manage a growing number of illnesses, the rise in disposable income among the masses, and favorable government policies are among the prime factors contributing to the growth of the healthcare sector, which is subsequently boosting the adoption of embedded non-volatile memory chips. In addition to the flourishing healthcare sector, the rise in popularity of gaming consoles and the escalating use of advanced technology in production plants would continue to drive the market in South America. The rising development and deployment of IoT solutions is also accelerating market growth. Meanwhile, the adoption of the 5G network across the region is creating a huge opportunity for the market to develop and offer IC packages compatible with 5G connectivity, thereby fueling the growth of the embedded non-volatile memory market.

South & Central America Embedded Non-Volatile Memory Market Revenue and Forecast to 2030 (US$ Million)

South & Central America Embedded Non-Volatile Memory Market Segmentation

The South & Central America embedded non-volatile memory market is segmented based on product, application, and country. Based on product, the South & Central America embedded non-volatile memory market is segmented into eFlash, eE2PROM, FRAM, and others. The eFlash segment held the largest market share in 2022.

In terms of application, the South & Central America embedded non-volatile memory market is categorized into consumer electronics, automotive, robotics, and others. The others segment held the largest market share in 2022.

Based on country, the South & Central America embedded non-volatile memory market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America embedded non-volatile memory market share in 2022.

Microchip Technology Inc, Tower Semiconductor, Texas Instruments Inc, Taiwan Semiconductor Manufacturing Co Ltd, Semiconductor Manufacturing International Corp, and Synopsys Inc are some of the leading companies operating in the South & Central America embedded non-volatile memory market.

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Table of Contents

TABLE OF CONTENTS

1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America Embedded Non-Volatile Memory Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in Value Chain:
5. South & Central America Embedded Non-Volatile Memory Market - Key Industry Dynamics
5.1 Drivers
5.1.1 Increase in Adoption of Consumer Electronics
5.1.2 Expansion of Automotive Industry
5.2 Restraints
5.2.1 Global Shortage of Semiconductor Chips
5.3 Opportunities
5.3.1 Increasing Demand in Low-Power IoT Modules
5.4 Trends
5.4.1 Growing Investment in Commercialization of Embedded Non-Volatile Memory
5.5 Impact of Drivers and Restraints:
6. Embedded Non-Volatile Memory Market – South & Central America Market Analysis
6.1 Embedded Non-Volatile Memory Market Revenue (US$ Million), 2022 – 2030
6.2 Embedded Non-Volatile Memory Market Forecast and Analysis
7. South & Central America Embedded Non-Volatile Memory Market Analysis – Product
7.1 eFlash
7.1.1 Overview
7.1.2 eFlash Market Revenue and Forecasts to 2030 (US$ Million)
7.2 eE2PROM
7.2.1 Overview
7.2.2 eE2PROM Market Revenue and Forecasts to 2030 (US$ Million)
7.3 FRAM
7.3.1 Overview
7.3.2 FRAM Market Revenue and Forecasts to 2030 (US$ Million)
7.4 Others
7.4.1 Overview
7.4.2 Others Market Revenue and Forecasts to 2030 (US$ Million)
8. South & Central America Embedded Non-Volatile Memory Market Analysis – Application
8.1 Consumer Electronics
8.1.1 Overview
8.1.2 Consumer Electronics Market Revenue and Forecasts to 2030 (US$ Million)
8.2 Automotive
8.2.1 Overview
8.2.2 Automotive Market Revenue and Forecasts to 2030 (US$ Million)
8.3 Robotics
8.3.1 Overview
8.3.2 Robotics Market Revenue and Forecasts to 2030 (US$ Million)
8.4 Others
8.4.1 Overview
8.4.2 Others Market Revenue and Forecasts to 2030 (US$ Million)
9. South & Central America Embedded Non-Volatile Memory Market - Country Analysis
9.1 South & Central America
9.1.1 South & Central America Embedded Non-Volatile Memory Market Overview
9.1.2 South & Central America Embedded Non-Volatile Memory Market Revenue and Forecasts and Analysis - By Countries
9.1.2.1 Brazil Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.1.1 Brazil Embedded Non-Volatile Memory Market Breakdown by Product
9.1.2.1.2 Brazil Embedded Non-Volatile Memory Market Breakdown by Application
9.1.2.2 Argentina Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.2.1 Argentina Embedded Non-Volatile Memory Market Breakdown by Product
9.1.2.2.2 Argentina Embedded Non-Volatile Memory Market Breakdown by Application
9.1.2.3 Rest of South & Central America Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.3.1 Rest of South & Central America Embedded Non-Volatile Memory Market Breakdown by Product
9.1.2.3.2 Rest of South & Central America Embedded Non-Volatile Memory Market Breakdown by Application
10. Competitive Landscape
10.1 Heat Map Analysis By Key Players
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 Microchip Technology Inc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Tower Semiconductor
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Texas Instruments Inc
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Taiwan Semiconductor Manufacturing Co Ltd
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Semiconductor Manufacturing International Corp
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Synopsys Inc
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
13. Appendix
13.1 Word Index