Global Embedded Non-Volatile Memory Market Size study & Forecast, by Product (eFlash, eE2PROM, FRAM, Others), and Regional Analysis, 2023-2030

Global Embedded Non-Volatile Memory Market Size study & Forecast, by Product (eFlash, eE2PROM, FRAM, Others), and Regional Analysis, 2023-2030

Global Embedded Non-Volatile Memory Market is valued approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. The embedded non-volatile memory (eNVM) market refers to the industry involved in the development and manufacturing of non-volatile memory technologies that are integrated into electronic devices and systems. Non-volatile memory is a type of memory that retains stored data even when the power supply is disconnected. The major driving factors for the Global Embedded Non-Volatile Memory Market are increasing demand for higher capacity and faster access and rise in smart manufacturing and industrial automation. Moreover, advancements in semiconductor manufacturing, rising research and development and growing automotive electronics industry are creating lucrative growth opportunities for the market over the forecast period 2023-2030.

The increasing research activities in the field of embedded non-volatile memory (eNVM) are contributing to the market's growth. One such example is Infineon Technologies LLC, which announced the launch of second-generation non-volatile Static RAMs (nvSRAMs) in March 2021. These nvSRAMs are specifically designed to meet the requirements of QML-Q (Qualified Manufacturer List - Q) and high-reliability industrial specifications. However, the high manufacturing cost of Embedded Non-Volatile Memory stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Embedded Non-Volatile Memory Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is dominating market for eNVM, driven by the presence of key semiconductor companies, technological advancements, and the adoption of embedded memory solutions in various industries such as automotive, aerospace, and consumer electronics. The region has a strong focus on research and development, leading to innovation in eNVM technologies. Asia Pacific is a fastest-growing region in the eNVM market, driven by the presence of major semiconductor foundries, high-volume manufacturing capabilities, and the growing demand for consumer electronics, automotive, and industrial applications. Countries like China, South Korea, Japan, and Taiwan have a strong semiconductor industry ecosystem and contribute significantly to the regional market growth.

Major market player included in this report are:
GLOBALFOUNDRIES
Samsung Electronics
Taiwan Semiconductor Manufacturing Company
Macronix International Co., Ltd.
Winbond Electronics Corporation
Cypress Semiconductor Corporation
Dialog Semiconductor
Kilopass Technology Inc.
Microchip Technology Inc.
Crossbar Inc.

Recent Developments in the Market:
In January 2022, SK Hynix Inc. successfully completed the first phase of the acquisition of Intel's NAND and solid-state drive (SSD) operations. As part of the acquisition, SK Hynix acquired Intel's SSD division as well as the Dalian NAND flash manufacturing facility in China. Through this tactical acquisition, SK Hynix may enhance its production capacity for SSDs and increase its market share in NAND flash memory.
In November 2019, Siemens announced its acquisition of Atlas 3D, a software developer for selective laser melting (SLM) metal additive manufacturing. This acquisition aimed to enhance Siemens' digitalization strategy for smart manufacturing and expand its capabilities in industrial 3D printing.

Global Embedded Non-Volatile Memory Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Product, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Product:
eFlash
eE2PROM
FRAM
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
Globalfoundries
Samsung Electronics
Taiwan Semiconductor Manufacturing Company
Macronix International Co., Ltd.
Winbond Electronics Corporation
Cypress Semiconductor Corporation
Dialog Semiconductor
Kilopass Technology Inc.
Microchip Technology Inc.
Crossbar Inc.

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