Embedded non-volatile memory (eNVM) refers to a small-sized chip that can meet a number of embedded system applications. The technology has made modern computing systems scalable and much faster, while it also enables secure storage without compromising reliability. The market for eNVM is anticipated to register strong growth in the near future, on account of the emergence of attractive memory technologies such as RRAM (resistive RAM) and modernization of the FRAM architecture.
The increasing requirement for secure connected devices is a major factor driving the development of the embedded non-volatile memory market. Furthermore, eNVM finds major use in smart cards, microcontrollers, PMIC, SIM cards and display driver IC for data encryption, programming, trimming, identification, coding, and redundancy. The growing competition in the consumer electronics space due to increased competition is also expected to create significant demand for low power, low cost memories in the coming years. Additionally, the introduction of smart cars has created opportunities for major market players, in areas such as heads-up display and keyless push button start features.
The exponential growth in popularity of IoT applications for building smart devices, which are witnessing huge market demand in the developed and emerging economies in recent years, is expected to drive the embedded non-volatile memory market. Internet of Things has covered a number of critical applications in a very short period of time, such as consumer electronics, retail, transportation, manufacturing and healthcare. The healthcare segment has shown particularly strong demand, with IoT being utilized to manage daily clinical applications, while also tracking hospitalized patients. As such, embedded non-volatile memory has a very important role to play in these segments.
With regards to product, the embedded non-volatile memory market has been segmented into eFlash, eE2PROM and FRAM and RRAM. The eFlash segment is expected to account for the lion’s share of the market in the coming years, as it finds widespread application in smart cards, wearables, factory automation systems and autonomous vehicles. They are also an important component for IoT devices that use eFlash to enable smart, flexible, and secure products that can be updated wirelessly, or over-the-air (OTA). Furthermore, the product offers quality performance, and are used by microcontrollers to store code and data on which processing is performed.
Request a free sample copy or view report summary: Embedded Non-Volatile Memory Market Report
eE2PROM segment has been projected to show substantial growth in the coming years, as it is suited for devices offering enhanced data security; however, products such as RRAM are expected to offer stiff competition to its market growth. RRAM is capable of storing large volumes of data, and is expected to become an integral part of data centers in coming years. Notable companies are developing RRAM using different types of materials such as silicon (Crossbar) or tantalum oxide (Intel), among others. FRAM (Ferroelectric RAM) is expected to show noticeable growth on the back of factors such as low power consumption, high read/write speeds, high read/write endurance, and use as either flash memory or working RAM, which make it a promising component in unified code/data computing.
Region-wise, Asia Pacific is anticipated to lead the embedded non-volatile memory market in the near future, aided by the presence of a number of major foundries as well as smart device manufacturers in the region. Countries such as India and China have generated huge demand for these products due to the large-scale industrialization along with availability of low-cost raw materials. North America is also expected to witness sizeable market growth in the next few years, driven by the presence of major MCU manufacturers such as Silicon Lab, and Texas Instruments in the region.
Recent Developments
In March 2020, eMemory launched ‘NeoMTP’, its reprogrammable NVM solution, on TSMC’s Third-Generation 0.18μm Bipolar-CMOS-DMOS (BCD) process for providing IoT power-management solutions and cost competitiveness. Further, this development offers IC designers a number of benefits such as higher integration, smaller footprint and lower power consumption. The technology, introduced in September 2019, has major utilization in the designing of USB Type-C devices and wireless chargers, which are being increasingly adopted by smartphones to offer fast-charging options to the user.
Singapore-based Nanyang Technological University (NTU) entered into a partnership with GlobalFoundries in October 2019 for conducting research on resistive random-access memory (ReRAM) spanning a period of four years. The findings and developments in this undertaking are expected to lead to durable and cheaper technology for developing driverless cars, home sensors and other devices in the Internet of Things (IoT), which have gained rapid traction in the past few years among consumers.
In July 2019, Applied Materials, Inc. launched innovative, high volume manufacturing solutions to accelerate the industrial adoption of new memory technologies targeting critical areas such as Internet of Things (IoT) and cloud computing. These systems enable novel materials that are the key to develop memories such as MRAM, ReRAM and PCRAM, to be deposited with atomic-level precision. The platforms include Endura® Impulse™ PVD for PCRAM and ReRAM, and the Endura® Clover™ MRAM PVD. This development is expected to boost market development of embedded non-volatile memories in areas such as data centers and IoT devices.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
No comments:
Post a Comment