Global Embedded Non-Volatile Memory (eNVM) Market to Reach $5.6 Billion by 2030
The global market for Embedded Non-Volatile Memory (eNVM) estimated at US$773.8 Million in the year 2023, is expected to reach US$5.6 Billion by 2030, growing at a CAGR of 32.8% over the analysis period 2023-2030. eFlash, one of the segments analyzed in the report, is expected to record a 30.5% CAGR and reach US$1.6 Billion by the end of the analysis period. Growth in the eE2PROM segment is estimated at 34.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $198.7 Million, While China is Forecast to Grow at 40.8% CAGR
The Embedded Non-Volatile Memory (eNVM) market in the U.S. is estimated at US$198.7 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.7 Billion by the year 2030 trailing a CAGR of 40.8% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 26% and 28.9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 27.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$923.3 Million by the year 2030.
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