Press release
Embedded Non-volatile Memory Market to reach USD 218.6 Mn by 2031, emerging at a CAGR of 15.3 percent and forecast 2023-2031
A comprehensive analysis by Transparency Market Research (TMR) forecasts that the Embedded Non-volatile Memory market will achieve an impressive worth of US$ 218.6 million by 2031. The anticipated growth trajectory indicates a robust compound annual growth rate (CAGR) of 15.3% from 2023 to 2031.The central goal of the TMR report is to provide an all-encompassing evaluation of the worldwide market, encompassing key prominent players within the Embedded Non-volatile Memory sector. The assessment presents a clear portrayal of the market's historical and present standing, coupled with anticipated market dimensions and emerging trends, all conveyed in a straightforward manner. Moreover, the report furnishes comprehensive data encompassing market volume, share, revenue, production, and sales.
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The TMR report is the outcome of a comprehensive exploration facilitated by an array of methodologies, including PESTEL, PORTER, and SWOT analyses. By employing these models, the study casts light on pivotal financial considerations that Embedded Non-volatile Memory market participants should prioritize. These insights aid in identifying competition and molding marketing strategies for both consumer and industrial sectors. The report seamlessly integrates a diverse range of research methods, encompassing surveys, interviews, and social media analysis, to provide a holistic understanding of consumer behaviors.
Key Developments
In March 2023, ANAFLASH, a U.S.-based startup company, commercialized economical and energy-efficient embedded non-volatile memory technology. This cost-effective technology can be used in several battery-powered devices including wireless sensors, medical wearables, and various autonomous robots.
In February 2023, GlobalFoundries Inc. announced the acquisition of the Renesas Electronics Corporation's exclusive non-volatile resistive RAM technology. This technology is estimated to help the company design and develop low-power memory solutions for diverse applications including smart mobile devices and smart homes.
In May 2022, Japan Semiconductor Corporation and Toshiba Electronic Devices & Storage Corporation collaborated to develop an analog platform with embedded non-volatile memory (eNVM) for automotive solutions. This partnership generated a 0.13-micron analog platform, which is applied to analog ICs for an optimized combination of processes and devices.
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The Embedded Non-volatile Memory market is shaped by notable players, including:
eMemory Technology Inc.
Floadia Corporation
GlobalFoundries Inc.
Infineon Technologies AG
Japan Semiconductor Corporation
Kilopass Technology, Inc.
SK HYNIX INC.
SMIC
Texas Instruments Incorporated
Toshiba Electronic Devices & Storage Corporation
Type
Flash Memory
EEPROM
nvSRAM
EPROM
3D NAND
MRAM/STT-MRAM
FRAM
Others (PCM, NRAM, etc.)
End-use Industry
Automotive
Consumer Electronics
IT & Telecommunication
Media & Entertainment
Aerospace & Defense
Others (Industrial, Healthcare, etc.)
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The study reveals and comprehensively explores various insights, comprising:
Which regions are witnessing rise in investments in the supply chain networks?
Which countries seems to have benefitted from recent import and export policies?
Which regions have witnessed decline in consumer demand due to economic and political upheavals?
Which are some the key geographies that are likely to emerge as lucrative markets?
Which regions are expected to lose shares due to pricing pressures?
Which regions leading players are expected to expand their footprints in the near future?
What are some the sustainability trends impacting the logistics and supply chain dynamics in the Embedded Non-volatile Memory market?
What are some of the demographic and economic environments that create new demand in developing economies?
How are changing government regulations shaping business strategies and practices?
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About Us Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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