Embedded Non-Volatile Memory Market: Comprehensive Evaluation of The Market
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.
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Embedded memory technology forms an integral part of any system that requires higher performance, less power consumption, small physical volume and mobility. Specifically, embedded non-volatile memories (eNVM) is primarily used to make mobile terminals having high performance.
Currently, embedded non-volatile memory (eNVM) has become an essential and important memory IP that enhances the flexibility of an electronic products to a great extent. The market of embedded non-volatile memory is predicted to witness a robust growth during the forecast period from 2017 to 2025 owing to rising demand of technologically advanced embedded non-volatile memories that can be utilized for the purpose of programming, data encryption, trimming, coding, identification and redundancy.
In order to provide a comprehensive and exhaustive insights of the embedded non-volatile memory market across the globe, the market has been segmented into product type and end user. Different types of embedded non-volatile memory that is available in the market includes eOTP (Embedded One-Time-Programmable), eFlash, eE2PROM (Electrically Erasable Programmable Read-only Memory) and eMTP (Emulated Multi-Time Programmable).
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Increasing demand of IoT (Internet of Things) devices and services across different parts of the world is one of the most important factor predicted to trigger the demand of embedded non-volatile memory during the forecast period from 2017 to 2025.
The principle need of providing ubiquitous connectivity and to manage large amount of data arising from these IoT devices is anticipated to trigger the rapid deployment of economic and less power consumable memory products that has the ability to communicate securely and reliably. Thus, proliferation of various IoT devices and services is expected to spur the demand of embedded non-volatile memory in the coming years.
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.
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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