Embedded Non-Volatile Memory Market Size will Grow Profitably in the Near Future – TMR

Memory technologies have made some spectacular advances over the past few years with the development of embedded electronics. Embedded non-volatile memory (eNVM) is a significant technology advancement that has made modern computing systems faster and scalable. Compared to stand-alone flash memories, eNVM technologies have improved in-system re-programmability and made electronics designs more flexible. The demand for improving the memory density in computers and the need for augmenting the performance of mobile terminals are key factors driving the growth of the embedded non-volatile memory market. The demand for low-voltage electronics products has further boosted the adoption of eNVM technologies. Some of the key applications of embedded non-volatile memory technology are programming, trimming, data encryption, coding, and identification.

Popular eNVM technologies include eFlash, embedded one-time-programmable (eOTP), electrically erasable programmable read-only memory (eE2PROM) and emulated multi-time programmable (eMTP). With the exception of eOTP, all these allow multiple reprogramability. The proliferation of IoT devices and the growing popularity of cloud-based services in emerging and developed nations are the key developments bolstering the uptake of embedded non-volatile memory technology. Several manufacturers of the technology are exploring a number of end-use segments to gain competitive edge over others. In recent years, the adoption of eNVM technology is proving lucrative for the automotive industry. In addition, the design of advanced robotics systems for integrated memory features is also expected to accentuate the market in the coming years.

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In spite of so many driving factors, higher design cost along with lack of scalability especially in eFlash and eOTP memory is one of the key factor expected to deter the demand of embedded non-volatile memory to a great extent during the forecast period from 2017 to 2025.

Among the different types of embedded non-volatile memory, eFlash memory generated the highest revenue share in 2016 and is anticipated to maintain its leading position throughout the forecast period. Increasing adoption of eFlash memory across various application segments such as consumer electronics, smart card and automotive among others owing to its high efficiency and low power consumption is the most important factor behind this segment’s dominance.

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Geographically, the global embedded non-volatile memory market is expected to be majorly driven by Asia Pacific region both in terms of market share and growth during the forecast period. The embedded non-volatile memory market of Asia Pacific region is followed by North America owing to wide concentration of key microcontroller unit (MCU) manufacturers such as Texas Instruments and Silicon Lab among others.

Some of the major players operating in the embedded non-volatile memory market includes United Microelectronics Corporation (Taiwan), Microchip Technology Inc. (The U.S) and Semiconductor Manufacturing International Corporation (China) among others.

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Pragati Pathrotkar

As one of the lead news writers on cmfenews, Pragati’s specialization lies in the science and technology domains. Her passion for the latest developments in cloud technology, connected devices, nanotechnology, and virtual reality, among others, shines through in the most recent industry coverage he provides. Pragati’s take on the impact of digital technologies across the science, technology, and business domains gives her writing a fresh and modern outlook.

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