Summary

Global Embedded Non-Volatile Memory Market is expected to grow at a significant rate of around 61% during the forecast period. Embedded non-volatile memory is a tiny chip used for data storage that is found in microcontrollers and other electronics. The data are kept for data redundancy, programming, pruning, identification, and encryption.
The growing adoption of embedded nonvolatile memory is mainly attributed to the growing demand for small memory chips. Furthermore, the high efficiency and compact design associated with eNVMs are expected to replace comparatively bulky, conventional, standalone non-volatile memories. One of its essential elements is found in IoT-based microcontroller devices. In the coming years, it is expected that the usage of embedded non-volatile memory with low power and cost would help drive down the price of consumer devices. Due to the secured layer present at the most susceptible physical layer, which cannot be cracked through passive, semi-invasive, or invasive ways, it is projected that the growing requirement for security in connected devices would open up new growth opportunities.

CrossBar Inc, Everspin Technologies Inc, Winbond, Fujitsu, eMemory Technology Inc, Microchip Technology Inc, Texas Instruments Incorporated, United Microelectronics Corporation, Hua Hong Semiconductor Limited, and Synopsys, Inc. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report
“Amongst type, eFlash category to witness Largest Share in 2021”
Based on type, the market is segmented into eFlash, eE2PROM(Electrically Erasable Programmable Read-Only Memory), FRAM (Ferroelectric RAM), and others. The eFlash segment led the embedded non-volatile memory market in 2021 with the highest market share. The growth of the segment is mainly attributed to its various security features. Moreover, eFlash memories are easily re-programmable and require a fairly simple process, which makes them more accessible.

“Amongst application, the IT and communication segment are expected to hold a significant share in the market in 2021”
On the basis of application, the market is segmented into consumer electronics, automotive, information and communication, and others. The IT and communication segment led the market in 2021 and is expected to gain significant market share during the forecast period. The growing adoption of consumer electronics such as smartphones, laptops, televisions, etc, is expected to drive the market during the analysis time period. For instance, according to the business of apps, apple (a consumer electronics company) generated $365 billion in the year 2021, 52% of which came from iPhone sales.

“Asia Pacific to hold a significant share in the market”
Asia Pacific region led the market with the largest market share of the embedded non-volatile memory market in 2021 and is expected to maintain this during the forecast period. The growth in the region is mainly attributed to the growing demand for consumer electronics in the region. Furthermore, the rising industrialization in countries like India and China is expected to significantly influence market growth. Moreover, the growing number of electronics manufacturers and high migration of manufacturing units from developed economies is expected to drive the market growth during the analysis time period. For instance, according to Macrotrends, China’s production output for 2021 was USD 4,865.82B, a 26.04% increase from 2020.

Reasons to buy this report:
• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:
The global embedded non-volatile memory market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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