Asia Pacific Embedded Non-Volatile Memory Market Forecast to 2030
Asia Pacific Embedded Non-Volatile Memory Market Forecast to 2030 – Regional Analysis – by Product (eFlash, eE2PROM, FRAM, and Others) and Application (Consumer Electronics, Automotive, Robotics, and Others)
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Description
Increasing Demand in Low-Power IoT Modules Boosts Asia Pacific Embedded Non-Volatile Memory Market
Technological giants worldwide are highly focused on research and development of new technologies. IoT is positioned at the core of the next-gen software technologies in the embedded non-volatile memory market. Embedded non-volatile memory has a wide range of applications in the IoT sector. They are used to collect and store data to help users perform future decision-making activities. An embedded non-volatile memory is capable of supporting low-power IoT modules. The growing shipment of IoT modules is fueling the embedded non-volatile memory market. For instance, in the first quarter of 2023, companies such as Telit Cinterion, Quectel, and Fibocom increased the shipment of low-power NB-IoT and LTE-M (Cat-M) modules. Embedded non-volatile memory supports IoT modules by saving additional space and cost by reducing the need for on- and off-chip to regulate the voltage of the modules. IoT modules are most commonly used in IoT edge or endpoint devices for solving challenges related to ultra-low power operation and shrinking size. IoT modules can connect to the cloud, exchange data packets, and download firmware in batches while operating independently. These modules require high energy and power to perform operations, which increases the demand for embedded non-volatile memory among users. Furthermore, the growing demand for ultra-low power consumption IoT modules encourages market players to develop new innovative embedded non-volatile memory that requires low power to perform operations. For instance, in June 2022, STMicroelectronics launched the Electrically Erasable Programmable Read-Only Memory (EEPROM) series. The EEPROM series is a new high-density, all-in-one embedded non-volatile memory family that supports embedded systems and tiny IoT modules to operate effectively in low-power energy. The EEPROM series offers several benefits to the user, including efficient data logging, fast upload/download, and ultra-low power for enhancing module efficiency while minimizing power dissipation. The extensive adoption of IoT is fueling the market growth. For instance, according to the Cisco Visual Networking Index, in 2022, there were more than 28 billion network devices enabled with embedded systems and powered by IoT. The network devices help users improve connectivity and security and reduce additional operational costs for the business. The integration of embedded systems with IoT devices and platforms is enabling new applications and services in areas such as smart homes, smart cities, and industrial IoT. Also, the expansion of smart cities and smart home projects is anticipated to increase the demand for embedded non-volatile memory in IoT-based embedded systems, thereby providing opportunities for the market growth.
Asia Pacific Embedded Non-Volatile Memory Market Overview
The embedded non-volatile memory market in APAC is segmented into China, India, Australia, Japan, South Korea, and the Rest of APAC. Vast industrialization, low labor cost, favorable economic policies, positive economic development, and an increase in foreign direct investments (FDIs) and foreign institutional investments (FIIs), among others, contribute to the growth of the APAC embedded non-volatile memory market. Taiwan and China are the leading semiconductor manufacturing countries in APAC. The governments of emerging economies have been taking strategic initiatives, such as Made in China 2025 and make in India, to promote the growth of the domestic manufacturing sectors for making the respective countries capable of meeting the native demands and exporting surplus goods. Moreover, the rising GDP per capita in developing countries, such as India and China, leads to a large client base for high-tech consumer electronics such as smart wearables, appliances, electric vehicles, and smartphones. Many Asian economies are characterized by the mass production of electronic components or devices required for consumer electronics, telecommunication devices, automotive components, and other industrial machinery. As per the Ericsson Mobility Report, their mobile connections in APAC are expected to rise from ~4 billion to 4.6 billion by the end of 2021. An increase in the adoption of smartphones and other advanced internet-enabled devices is anticipated to boost the demand for embedded non-volatile memory in APAC. Moreover, APAC is the biggest consumer of smartphones, as ~732 million units were bought by consumers in 2019. The telecommunication sector is witnessing strong growth in Asia Pacific mainly due to the positive outlook toward introducing 5G networks and the strong presence of 4G networks. According to Ericsson’s mobility report, Western and Northeast Asia would account for 66% share of the total 5G adoption by 2026, while Southeast Asia and Oceania would hold 32% share by 2026; the rest of the shares would be held by the LTE (4G) technology. The region has a robust automotive sector, which is followed by the growing automotive manufacturing industry in countries such as India and South Korea. Countries such as China, India, South Korea, and Japan are among the leading vehicle manufacturing countries worldwide. For instance, India produced 3,394,446 vehicles, of which 2,938,653 were sold in 2020. Also, in 2020, China was the largest vehicle-producing country globally; it produced 25,225,242 vehicles in 2020, of which 25,311,069 were sold. Moreover, the governments in this region are undertaking various initiatives to support the automotive industry’s growth. For instance, in 2019, the government of India announced its plan to set up research and development centers worth US$ 388.5 million to enable the automotive sector to meet global standards.
Asia Pacific Embedded Non-Volatile Memory Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Embedded Non-Volatile Memory Market Segmentation
The Asia Pacific embedded non-volatile memory market is segmented based on product, application, and country. Based on product, the Asia Pacific embedded non-volatile memory market is categorized into eFlash, eE2PROM, FRAM, and others. The eFlash segment held the largest market share in 2022.
In terms of application, the Asia Pacific embedded non-volatile memory market is categorized into consumer electronics, automotive, robotics, and others. The others segment held the largest market share in 2022.
Based on country, the Asia Pacific embedded non-volatile memory market is segmented into China, Japan, South Korea, India, Australia, and the Rest of Asia Pacific. China dominated the Asia Pacific embedded non-volatile memory market share in 2022.
Microchip Technology Inc, Tower Semiconductor, GlobalFoundries Inc, eMemory Technology Inc, Texas Instruments Inc, Hua Hong Semiconductor Ltd, Taiwan Semiconductor Manufacturing Co Ltd, United Microelectronics Corp, Semiconductor Manufacturing International Corp, and Synopsys Inc are some of the leading companies operating in the Asia Pacific embedded non-volatile memory market.
Summary Info
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According to the Research Team’ research, the Asia Pacific embedded non-volatile memory market was valued at US$ 292.06 million in 2022 and is expected to reach US$ 1,621.79 million by 2030, registering a CAGR of 23.9% from 2022 to 2030. Expansion of automotive industry and increase in adoption of consumer electronics are among the critical factor attributed to the Asia Pacific embedded non-volatile memory market expansion.
The impact of modern technology has positively shaped the automotive industry. The advent of digital technology worldwide has made it possible for manufacturers to implement advanced solutions in automobiles. Today, cars are equipped with a range of sophisticated technologies for making driving safer, comfortable, and enjoyable for users, which increases the demand for embedded non-volatile memory in the automotive industry. The embedded non-volatile memory is integrated into embedded systems, which are highly used in both regular and hybrid automotive vehicles. These memories help the automotive user to store code and other data after the vehicle’s system restarts. The embedded non-volatile memory is used in ADAS technology incorporated in electric and hybrid vehicles. The growing demand for electric and hybrid vehicles is driving the market. For instance, according to the International Energy Agency (IEA), electric vehicle sales increased by 10 million in 2022. Approximately 14% of all new cars sold across the globe were electric. The increasing sales of electric cars globally raises the adoption of embedded non-volatile memory among automotive manufacturers. These memories are used to store data in the absence of a power supply. The growing demand for embedded systems in the automotive industry is driving the Asia Pacific market. The embedded system is made up of microcontrollers that use embedded non-volatile memory for data storage. In automotive vehicles, over 100 microcontrollers are utilized, including AVR, 8051, and PIC. All these microcontrollers use embedded non-volatile memory to achieve higher performance with lower power. The microcontrollers are deployed in an embedded system to reduce overheating and the release of gases. These systems are used even in luxury automobiles to make them more network-savvy, energy-efficient, and safe to drive. The expansion of the automotive industry is fueling the embedded non-volatile memory market growth. The key players in the market are partnering to develop high-performance embedded systems used in autonomous vehicles. For instance, in May 2022, Magna International Inc. partnered with BlackBerry Limited to develop next-generation ADAS solutions for automotive original equipment manufacturers (OEMs). Magna International Inc. is leveraging BlackBerry Limited’s various QNX software platforms, such as QNX Software Development Platform, QNX Platform for ADAS, and QNX OS for Safety in design engineering, systems integration, and validation and performance optimization roles. The partnership helps Magna International to develop high-performance and secure embedded systems for ADAS, autonomous driving, and infotainment systems, driving the embedded non-volatile memory market. The development of high-performance and secure embedded systems requires embedded non-volatile memory that is capable of storing data and information in the absence of a power supply is fueling the market growth.
On the contrary, global shortage of semiconductor chips hurdles the growth of Asia Pacific embedded non-volatile memory market.
Based on product, the Asia Pacific embedded non-volatile memory market is categorized into eFlash, eE2PROM, FRAM, and others. The eFlash segment held 32.9% market share in 2022, amassing US$ 96.15 million. It is projected to garner US$ 470.98 million by 2030 to expand at 22.0% CAGR during 2022–2030.
In terms of application, the Asia Pacific embedded non-volatile memory market is segmented into consumer electronics, automotive, robotics, and others. The others segment held 34.0% share of Asia Pacific embedded non-volatile memory market in 2022, amassing US$ 99.19 million. It is projected to garner US$ 471.32 million by 2030 to expand at 21.5% CAGR during 2022–2030.
Based on country, the Asia Pacific embedded non-volatile memory market has been categorized into China, Japan, South Korea, India, Australia, and the Rest of Asia Pacific. Our regional analysis states that China captured 35.7% share of Asia Pacific embedded non-volatile memory market in 2022. It was assessed at US$ 104.32 million in 2022 and is likely to hit US$ 628.13 million by 2030, exhibiting a CAGR of 25.2% during 2022-2030.
Key players operating in the Asia Pacific embedded non-volatile memory market are Microchip Technology Inc, Tower Semiconductor, GlobalFoundries Inc, eMemory Technology Inc, Texas Instruments Inc, Hua Hong Semiconductor Ltd, Taiwan Semiconductor Manufacturing Co Ltd, United Microelectronics Corp, Semiconductor Manufacturing International Corp, and Synopsys Inc, among others.
In March 2023, Texas Instruments expanded its broad analog and embedded processing semiconductor portfolio by introducing a scalable Arm Cortex-M0+ microcontroller (MCU) portfolio that features a wide range of computing, pinout, memory, and integrated analog options.
In August 2020, Hua Hong Semiconductor Limited, a leading specialty pure-play foundry, has announced the debut of a 90nm ultra-low-leakage (ULL) embedded flash (eFlash) and electrically erasable programmable read-only memory (EEPROM) process platform to satisfy the needs of large-capacity microcontroller units (MCU). The process platform, which builds on Hua Hong Semiconductor’s 0.11m ultra-low-leakage technology, offers customers a competitively differentiated and cost-effective solution with lower power consumption, suitable for Internet of Things (IoT), wearables, industrial and automotive electronics, and other applications.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific embedded non-volatile memory market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific embedded non-volatile memory market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Embedded Non-Volatile Memory Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in Value Chain:
5. Asia Pacific Embedded Non-Volatile Memory Market – Key Industry Dynamics
5.1 Drivers
5.1.1 Increase in Adoption of Consumer Electronics
5.1.2 Expansion of Automotive Industry
5.2 Restraints
5.2.1 Global Shortage of Semiconductor Chips
5.3 Opportunities
5.3.1 Increasing Demand in Low-Power IoT Modules
5.4 Trends
5.4.1 Growing Investment in Commercialization of Embedded Non-Volatile Memory
5.5 Impact of Drivers and Restraints:
6. Embedded Non-Volatile Memory Market – Asia Pacific Market Analysis
6.1 Embedded Non-Volatile Memory Market Revenue (US$ Million), 2022 – 2030
6.2 Embedded Non-Volatile Memory Market Forecast and Analysis
7. Asia Pacific Embedded Non-Volatile Memory Market Analysis – Product
7.1 eFlash
7.1.1 Overview
7.1.2 eFlash Market Revenue and Forecasts to 2030 (US$ Million)
7.2 eE2PROM
7.2.1 Overview
7.2.2 eE2PROM Market Revenue and Forecasts to 2030 (US$ Million)
7.3 FRAM
7.3.1 Overview
7.3.2 FRAM Market Revenue and Forecasts to 2030 (US$ Million)
7.4 Others
7.4.1 Overview
7.4.2 Others Market Revenue and Forecasts to 2030 (US$ Million)
8. Asia Pacific Embedded Non-Volatile Memory Market Analysis – Application
8.1 Consumer Electronics
8.1.1 Overview
8.1.2 Consumer Electronics Market Revenue and Forecasts to 2030 (US$ Million)
8.2 Automotive
8.2.1 Overview
8.2.2 Automotive Market Revenue and Forecasts to 2030 (US$ Million)
8.3 Robotics
8.3.1 Overview
8.3.2 Robotics Market Revenue and Forecasts to 2030 (US$ Million)
8.4 Others
8.4.1 Overview
8.4.2 Others Market Revenue and Forecasts to 2030 (US$ Million)
9. Asia Pacific Embedded Non-Volatile Memory Market – Country Analysis
9.1 Asia Pacific Embedded Non-Volatile Memory Market
9.1.1 Overview
9.1.2 Embedded Non-Volatile Memory Market Breakdown by Countries
9.1.2.1 China Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.1.1 China Embedded Non-Volatile Memory Market Breakdown by Product
9.1.2.1.2 China Embedded Non-Volatile Memory Market Breakdown by Application
9.1.2.2 Japan Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.2.1 Japan Embedded Non-Volatile Memory Market Breakdown by Product
9.1.2.2.2 Japan Embedded Non-Volatile Memory Market Breakdown by Application
9.1.2.3 South Korea Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.3.1 South Korea Embedded Non-Volatile Memory Market Breakdown by Product
9.1.2.3.2 South Korea Embedded Non-Volatile Memory Market Breakdown by Application
9.1.2.4 India Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.4.1 India Embedded Non-Volatile Memory Market Breakdown by Product
9.1.2.4.2 India Embedded Non-Volatile Memory Market Breakdown by Application
9.1.2.5 Australia Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.5.1 Australia Embedded Non-Volatile Memory Market Breakdown by Product
9.1.2.5.2 Australia Embedded Non-Volatile Memory Market Breakdown by Application
9.1.2.6 Rest of Asia Pacific Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.6.1 Rest of Asia Pacific Embedded Non-Volatile Memory Market Breakdown by Product
9.1.2.6.2 Rest of Asia Pacific Embedded Non-Volatile Memory Market Breakdown by Application
10. Competitive Landscape
10.1 Heat Map Analysis By Key Players
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 Microchip Technology Inc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Tower Semiconductor
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Globalfoundries Inc
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 eMemory Technology Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Texas Instruments Inc
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Hua Hong Semiconductor Limited
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Taiwan Semiconductor Manufacturing Co Ltd
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 United Microelectronics Corp
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Semiconductor Manufacturing International Corp
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Synopsys Inc
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 Word Index
LIST OF TABLES
Table 1.            Embedded Non-Volatile Memory Market Segmentation
Table 2.            Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Million)
Table 3.            Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Million) – Product
Table 4.            Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Million) – Application
Table 5.            Asia Pacific Embedded Non-Volatile Memory Market, by Country – Revenue and Forecast to 2030 (USD Million)
Table 6.            China Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn) – By Product
Table 7.            China Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 8.            Japan Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn) – By Product
Table 9.            Japan Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 10.         South Korea Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn) – By Product
Table 11.         South Korea Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 12.         India Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn) – By Product
Table 13.         India Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 14.         Australia Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn) – By Product
Table 15.         Australia Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 16.         Rest of Asia Pacific Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn) – By Product
Table 17.         Rest of Asia Pacific Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 18.         Heat Map Analysis By Key Players
Table 19.         List of Abbreviation
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LIST OF FIGURES
Figure 1.          Embedded Non-Volatile Memory Market Segmentation, By Country
Figure 2.          Ecosystem: Embedded Non-Volatile Memory Market
Figure 3.          Embedded Non-Volatile Memory Market – Key Industry Dynamics
Figure 4.          Impact Analysis of Drivers and Restraints
Figure 5.          Embedded Non-Volatile Memory Market Revenue (US$ Million), 2022 & 2030
Figure 6.          Embedded Non-Volatile Memory Market Share (%) – Product, 2022 and 2030
Figure 7.          eFlash Market Revenue and Forecasts to 2030 (US$ Million)
Figure 8.          Multimode Market Revenue and Forecasts to 2030 (US$ Million)
Figure 9.          FRAM Market Revenue and Forecasts to 2030 (US$ Million)
Figure 10.       Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11.       Embedded Non-Volatile Memory Market Share (%) – Application, 2022 and 2030
Figure 12.       Consumer Electronics Market Revenue and Forecasts to 2030 (US$ Million)
Figure 13.       Automotive Market Revenue and Forecasts to 2030 (US$ Million)
Figure 14.       Robotics Market Revenue and Forecasts to 2030 (US$ Million)
Figure 15.       Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 16.       Asia pacific Embedded Non-Volatile Memory Market Revenue, By Key Country, (2022), (US$ Million)
Figure 17.       Asia Pacific Embedded Non-Volatile Memory Market Breakdown By Key Countries, 2022 And 2030 (%)
Figure 18.       China Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 19.       Japan Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 20.       South Korea Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 21.       India Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 22.       Australia Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 23.       Rest of Asia Pacific Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn)
The List of Companies – Asia Pacific Embedded Non-Volatile Memory Market
o Microchip Technology Inc
o Tower Semiconductor
o GlobalFoundries Inc
o eMemory Technology Inc
o Texas Instruments Inc
o Hua Hong Semiconductor Ltd
o Taiwan Semiconductor Manufacturing Co Ltd
o United Microelectronics Corp
o Semiconductor Manufacturing International Corp
o Synopsys Inc
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