The embedded non-volatile memory market size was valued at US$ 729.05 million in 2022 and is expected to reach US$ 3,732.95 million by 2030; it is estimated to record a CAGR of 22.6% from 2022 to 2030.
Analyst Perspective:
Embedded non-volatile memory market is significantly growing market. This E-NVM is a tiny chip that is found in microcontrollers and other hardware to store data.
Embedded non-volatile memory is used in memory cards and USB sticks that are integrated into a variety of consumer devices such as smartphones, smartwatches, and digital cameras for data storage. These devices use Embedded MultiMediaCard (eMMC) memory chips to store controller code in storage drives and personal electronic devices. The growing adoption of consumer electronics devices among consumers is driving the embedded non-volatile memory market
Embedded non-volatile memory manufacturers also play a crucial role in producing memory technologies that help the user retain data in the absence of a power supply. Embedded non-volatile memory manufacturers support automotive, consumer electronics, and other industries by offering solutions on system-on-chips (SoCs) or integrated circuits (ICs). The manufacturer designs and develops reliable, embedded, non-volatile memories to meet its customer demand related to size, endurance, speed, and power consumption for a variety of applications.
Embedded Non-Volatile Memory Market Overview:
Embedded non-volatile memory (eNVM) is a compact chip integrated into microcontrollers and hardware used for data storage. The data stored is used for programming, encryption, coding, identification, trimming, and redundancy purposes. The non-volatile memory systems include transistors that have pieces of conductive material surrounded by a layer of insulator. When the microcontroller is powered, a small amount of electricity is trapped by surrounding insulation, which allows non-volatile memory to retain its data. The tiny size and high efficiency of embedded non-volatile memory are replacing traditional standalone non-volatile memories. The memory technology is becoming one of the essential parts of microcontroller-based Internet of Things devices.
The growth of the embedded non-volatile memory market is attributed to the rising adoption of advanced consumer electronics among the masses due to the rising GDP per capita. The escalating adoption of advanced electronics in automobiles and the growing penetration of connected devices are also fueling market growth. Moreover, the increasing adoption of IoT solutions and growing smart city projects are projected to boost the embedded non-volatile memory market in the near future. However, high design costs and scalability issues are hampering the progress of the embedded non-volatile memory market.
The growing adoption of embedded non-volatile memories among consumer electronics manufacturers to reduce electronics costs is driving the market. Embedded non-volatile memories featuring low power and costs increased its demand in connected devices. The increasing demand for security in connected devices, such as IoT devices, for securing data against breaches using passive, semi-invasive, and invasive means is fueling the market. The miniaturization of devices such as smartphones and auto components is encouraging manufacturers to reduce the size of processing nodes without affecting performance. For example, Chinese manufacturer HHGrace is investing in R&D to reduce the process nodes to provide compact and efficient eNVM solutions, PLC ICs, and MEMS chips. Additionally, these memories are utilized in cars, mainly in head-up displays and cutting-edge technologies such as keyless push-button start. The rising adoption of smart cars among consumers is also boosting the embedded non-volatile memory market growth.
The embedded non-volatile memory market is categorized based on product, application, and geography. Based on product, the embedded non-volatile memory market is segmented into eFlash, eE2PROM, FRAM, and others. By application, the embedded non-volatile memory market is segmented into consumer electronics, automotive, robotics, and others. The embedded non-volatile memory market, based on geography, is categorized into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
Taiwan Semiconductor Manufacturing Company Limited, Globalfoundries Inc., Hua Hong Semiconductor Limited, Microchip Technology Inc., SMIC, Texas Instruments Incorporated., Tower Semiconductor, United Microelectronics Corporation, and Synopsys Inc. are among the key players that were profiled during this study of the embedded non-volatile memory market. Additionally, several other important market players were studied and analyzed during this research study to get a holistic view of the ecosystem.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Embedded Non-Volatile Memory Market: Strategic Insights
Market Size Value in US$ 729.05 million in 2022 Market Size Value by US$ 3,732.95 million by 2030 Growth rate CAGR of 22.6% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Embedded Non-Volatile Memory Market: Strategic Insights
| Market Size Value in | US$ 729.05 million in 2022 |
| Market Size Value by | US$ 3,732.95 million by 2030 |
| Growth rate | CAGR of 22.6% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Embedded Non-Volatile Memory Market Driver:
Expansion of Automotive Industry Drives Embedded Non-Volatile Memory Market Growth
The impact of modern technology has positively shaped the automotive industry. The advent of digital technology worldwide has made it possible for manufacturers to implement advanced solutions in automobiles. Today, cars are equipped with a range of sophisticated technologies for making driving safer, comfortable, and enjoyable for users, which increases the demand for embedded non-volatile memory in the automotive industry. The embedded non-volatile memory is integrated into embedded systems, which are highly used in both regular and hybrid automotive vehicles. These memories help the automotive user to store code and other data after the vehicle's system restarts. The embedded non-volatile memory is used in ADAS technology incorporated in electric and hybrid vehicles. The growing demand for electric and hybrid vehicles is driving the market. For instance, according to the International Energy Agency (IEA), electric vehicle sales increased by 10 million in 2022. Approximately 14% of all new cars sold across the globe were electric. The increasing sales of electric cars globally raises the adoption of embedded non-volatile memory among automotive manufacturers. These memories are used to store data in the absence of a power supply.
The growing demand for embedded systems in the automotive industry is driving the global market. The embedded system is made up of microcontrollers that use embedded non-volatile memory for data storage. In automotive vehicles, over 100 microcontrollers are utilized, including AVR, 8051, and PIC. All these microcontrollers use embedded non-volatile memory to achieve higher performance with lower power. The microcontrollers are deployed in an embedded system to reduce overheating and the release of gases. These systems are used even in luxury automobiles to make them more network-savvy, energy-efficient, and safe to drive. The expansion of the automotive industry is fueling the embedded non-volatile memory market growth. The key players in the market are partnering to develop high-performance embedded systems used in autonomous vehicles. For instance, in May 2022, Magna International Inc. partnered with BlackBerry Limited to develop next-generation ADAS solutions for automotive original equipment manufacturers (OEMs). Magna International Inc. is leveraging BlackBerry Limited's various QNX software platforms, such as QNX Software Development Platform, QNX Platform for ADAS, and QNX OS for Safety in design engineering, systems integration, and validation and performance optimization roles. The partnership helps Magna International to develop high-performance and secure embedded systems for ADAS, autonomous driving, and infotainment systems, driving the embedded non-volatile memory market. The development of high-performance and secure embedded systems requires embedded non-volatile memory that is capable of storing data and information in the absence of a power supply is fueling the market growth.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Embedded Non-Volatile Memory Market Segmental Analysis:
Based on product, the embedded non-volatile memory market is segmented into eFlash, eE2PROM, FRAM, and others. eFlash is among the most widely used forms of memory in electronics. The technology is offered in nonremovable and removable forms along with a variety of capacities and specifications ranging from 0.5-micron (µm) to 40 nm. The memory also provides several flash IP options for meeting different product design requirements. There are three major grades in embedded flash: single-level cell (SLC), multi-level cell (MLC), and triple-level cell (TLC). The TLC is used in commercial applications such as smartphones and has the slowest operating speed and shorter lifespan. The MLC is used for industrial and commercial applications, is faster and more reliable, and has a longer life cycle than TLC. However, the SLC is considered an industrial-grade flash and is characterized by the longest lifespan, fastest operating speed, and highest data security level among all embedded flash grades. Increasing deployment of IoT and growing use of electronics in automobiles have increased the adoption of eFlash among manufacturers. eFlash is used by IoT devices to offer over-the-air (OTA) updates that make products smart, secure, and flexible, which increases the demand among consumers and drives the market.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Embedded Non-Volatile Memory Market Regional Analysis:
The Europe market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. A positive outlook toward adopting advanced technologies in manufacturing and commercial operations is driving the Europe embedded non-volatile memory market. The automotive sector—led by Germany due to the presence of well-established automotive manufacturers such as Daimler AG, VW, BMW, Porsche, Opel, and Audi—is the largest contributor to the embedded non-volatile memory market in Europe. The region comprises several major automotive manufacturing assembly and production plants. There are ~298 vehicle assembly plants across Europe. The automotive sector in Europe produced 4,371,499 and 3,581,851 units of commercial and passenger vehicles and sold 2,498,016 and 2,625,506 units in 2019 and 2020, respectively. Moreover, car manufacturers are making high investments in their EV production capabilities, which is further propelling the embedded non-volatile memory market growth in Europe.
Europe has been rapidly embracing the Internet of Things (IoT) to maximize the overall industrial output. Moreover, a rise in the aging population in the region also creates a demand for advanced healthcare devices. The healthcare sector is developing and introducing innovative devices to meet customer demands. Advanced technologies such as IoT and AI are creating a demand for microelectronics and electronic devices; thus, companies are expanding their footprint in the Europe embedded non-volatile memory market.
The telecommunications sector in Europe is also experiencing a strong growth rate, with a firm establishment of 4G networks and significant growth prospects for 5G networks. According to Ericsson's mobility report, the 5G adoption in Western Europe would reach 69% of the total connectivity technology market by 2026; it would reach 33% in Central and Eastern Europe, while the LTE (4G) would account for the rest 65% by the same year. On average, 69% of the EU population uses mobile devices to access the Internet. The increasing demand for fast internet services is augmenting the growth of the telecommunications sector, thereby driving the demand for embedded non-volatile memory for 5G-supported electronic devices.
Embedded Non-Volatile Memory Market Key Player Analysis:
Taiwan Semiconductor Manufacturing Company Limited, Globalfoundries Inc., Hua Hong Semiconductor Limited, Microchip Technology Inc., SMIC, Texas Instruments Incorporated., Tower Semiconductor, United Microelectronics Corporation, and Synopsys Inc. are among the key players operating in the embedded non-volatile memory market.
Recent Developments:
Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the embedded non-volatile memory market. A few recent key embedded non-volatile memory market developments are listed below:
- In August 2022, Hua Hong Semiconductor Limited, a leading specialty pure-play foundry, announced the debut of a 90 nm ultra-low-leakage (ULL) embedded flash (eFlash) and electrically erasable programmable read-only memory (EEPROM) process platform to satisfy the needs of large-capacity microcontroller units (MCUs). The process platform, which builds on Hua Hong Semiconductor's 0.11 m ultra-low-leakage technology, offers customers a competitively differentiated and cost-effective solution with lower power consumption, suitable for Internet of Things (IoT), wearables, industrial and automotive electronics, and other applications.
- In March 2023, Texas Instruments expanded its broad analog and embedded processing semiconductor portfolio by launching a scalable Arm Cortex-M0+ microcontroller (MCU) portfolio with a variety of computing, pinout, memory, and integrated analog options.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The embedded non-volatile memory market is expected to register an incremental growth value of US$ 3,003.90 million during the forecast period
The global market size of embedded non-volatile memory market by 2030 will be around US$ 3732.95 million
The US is expected to hold a major market share of embedded non-volatile memory market in 2022
1. Increase in Adoption of Consumer Electronics
2. Expansion of Automotive Industry
eFlash segment is expected to hold a major market share of embedded non-volatile memory market in 2022
Growing Investment in Commercialization of Embedded Non-Volatile Memory
Microchip Technology Inc., Tower Semiconductor, Globalfoundries Inc., eMemory Technology Inc., Texas Instruments Inc., Hua Hong Semiconductor Limited, Taiwan Semiconductor Manufacturing Co Ltd, United Microelectronics Corp, Semiconductor Manufacturing International Corp, and Synopsys Inc. are the key market players expected to hold a major market share of embedded non-volatile memory market in 2022
Asia Pacific is expected to register highest CAGR in the embedded non-volatile memory market during the forecast period (2022-2030)
United States, China, and Japan are expected to register high growth rate during the forecast period
The estimated global market size for the embedded non-volatile memory market in 2022 is expected to be around US$ 729.05 million
The List of Companies - Embedded non-Volatile Memory Market
- Microchip Technology Inc
- Tower Semiconductor
- Globalfoundries Inc
- eMemory Technology Inc
- Texas Instruments Inc
- Hua Hong Semiconductor Limited
- Taiwan Semiconductor Manufacturing Co Ltd
- United Microelectronics Corp
- Semiconductor Manufacturing International Corp
- Synopsys Inc
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Trends and growth analysis reports related to Embedded Non-Volatile Memory Market
Dec 2023
Robotic Crawler Camera System Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component [Hardware (Cameras, Crawlers, Cable Drums, Control Units, and Others), Software, and Service], Application (Drain Inspection, Pipeline Inspection, and Tank Void Capacity or Conduit Inspection), and End User (Residential, Commercial, Municipal, and Industrial)
Dec 2023
Inertial Sensor for Land Defense Systems Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Technology (FOG, MEMS, and Others) and Application (Stabilization Missile Systems, Stabilization Turret-Cannon Systems, Land Navigation Including Land Survey, Missile GGM-SSM, Stabilization Active Protection System, Stabilization of Optronics System, and Others)
Dec 2023
Drone Lithium Battery Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis By Battery Type (Li-ion, Li-Po, and Li-S), Battery Capacity (Below 3,000 mAh; 3,000–5,000 mAh; and Above 5,000 mAh), Drone MTOW (Below 100 Kgs, 100–200 Kgs, and Above 200 Kgs), Wing Type (Fixed Wing and Rotary Wing), and End Use (Military and Commercial)
Dec 2023
ASRS for Garments on Hangers Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis By Type (Garment Rail System, Garment Conveyor, Garment Property Storage, and Others) and Application (Warehousing and Logistics, Retail 3PL, Hotels, Hospitals and Institutes, and Others)
Dec 2023
Analog to Digital Converter Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Integrating Analog to Digital Converters, Delta-Sigma Analog to Digital Converters, Successive Approximation Analog to Digital Converters, Ramp Analog to Digital Converters, and Others), Resolution (8-Bit, 10-Bit, 12-Bit, 14-Bit, 16-Bit, and Others), and Application (Industrial, Consumer Electronics, Automotive, Healthcare, Telecommunication, and Others)
Dec 2023
Laser Distance Sensor Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Distance (Between 2 and 10 Meters, Between 11 and 100 Meters, Between 101 and 200 Meters, and Between 201 and 500 Meters), Accuracy (1 mm at 2 Sigma, 3 mm with 2 Sigma, and 5 mm at 2 Sigma), and End User (Manufacturing, Construction, Automotive and Robotics, Aerospace and Defense, Geospatial Industry, and Others)
Dec 2023
Rugged Tablet Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis By Type (Fully Rugged Tablet, Semi Rugged Tablet, and Ultra Rugged Tablet); Operating System (Android, Windows, and iOS); and Application (Aerospace & Defense, Automotive, Construction, Energy & Utilities, Manufacturing, Oil & Gas, and Others)
Dec 2023
Rear Door Heat Exchanger Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Active and Passive) and End User (Data Center, IT and Telecommunication, Semiconductor, Education, Government, and Others)