Ferroelectric RAM Market Report | Global Forecast 2022-2027

According to IMARC Group, titled "Ferroelectric RAM Market: Global Industry Trends, Share, Growth, Opportunity and Forecast 2022-2027," The global ferroelectric RAM market reached a value of US$ 301.4 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 370.5 Million by 2027, exhibiting a CAGR of 3.6% during 2022-2027.

Ferroelectric random access memory (FRAM) is a nonvolatile memory that instantly preserves critical data when the power supply is disconnected. It comprises a bit line and a capacitor connected to a plate containing binary values. It relies on the features of dynamic random access memory (DRAM), read only memory (ROM), and flash memory to provide unlimited read-write cycles. It is embedded in complementary metal-oxide semiconductor (CMOS) based chips to assist microcontroller units (MCUs) in improving their ferroelectric memories and saving high costs.

In addition, it has high data reliability and consumes less power. It is integrated into various wearable medical devices to increase their battery life and memory capacity. It is also incorporated into radio frequency identification (RFID) chips to identify, track, and communicate with people and products. It enhances the reliability of automotive applications, such as advanced driver assistance systems (ADAS) and event data recorders (EDRs). It improves the performance of microcontrollers by reducing read and write access time and power and storage issues. Furthermore, it is widely utilized in the electronic industry to improve the productivity of electronic devices, such as smartphones, personal digital assistants (PDAs), smart meters, smart cards, and smart bands.

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Ferroelectric RAM Market Trends and Drivers:

The increasing demand for ferroelectric RAM in the electronic industry to enhance the function of appliances currently represents one of the key factors driving the market. Besides this, the growing adoption of FRAM in the information technology (IT) and telecommunications sectors due to its several advantages, such as increased read-and-write endurance and low power consumption, is positively influencing the market. In addition, there is a rise in technological advancements in the healthcare industry to enhance the diagnostic process and patient care system.

This, coupled with the increasing number of hospitals, nursing homes, and clinics around the world, is propelling the growth of the market. Apart from this, the growing integration of FRAM in the automotive industry to improve car navigation systems is contributing to the growth of the market. Additionally, the increasing adoption of energy-efficient devices to conserve electricity and reduce carbon footprints is strengthening the growth of the market. Furthermore, key market players are extensively investing in research and development (R&D) activities to introduce advanced FRAM integrated with artificial intelligence (AI) for enhancing the safety of data. They are also focusing on mergers and acquisitions (M&A) to boost product sales, which is expected to bolster the growth of the market.

Global Ferroelectric RAM Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

Fujitsu Limited (Furukawa Group)
Infineon Technologies AG
International Business Machines Corporation
LAPIS Semiconductor Co. Ltd. (Rohm Semiconductor)
Samsung Electronics Co. Ltd.
Texas Instruments Incorporated and Toshiba Corporation

Breakup by Type:

Serial Memory
Parallel Memory
Others

Breakup by Application:

Mass Storage
Embedded Storage
Others

Breakup by End-Use:

Security Systems
Energy Meters
Smart Cards
Consumer Electronics
Wearable Electronics
Automotive Electronics
Others

Breakup by Region:

North America: (United States, Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa

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