Middle East & Africa Embedded Non-Volatile Memory Market Forecast to 2030

At 19.2% CAGR, the Middle East & Africa Embedded Non-Volatile Memory Market is Speculated to be worth US$ 206.42 million by 2030, says the Research Team

According to the Research Team’ research, the Middle East & Africa embedded non-volatile memory market was valued at US$ 50.60 million in 2022 and is expected to reach US$ 206.42 million by 2030, registering a CAGR of 19.2% from 2022 to 2030. Increase in adoption of consumer electronics and increasing demand in low-power IoT modules are among the critical factors attributed to the Middle East & Africa embedded non-volatile memory market expansion.

Embedded non-volatile memory plays a crucial role in the consumer electronics industry. Embedded non-volatile memory is placed in microcontrollers, which are used in embedded systems and further integrated into numerous consumer electronic devices such as cameras, smartphones, smartwatches, microwave ovens, washing machines, smart TVs, tablets, printers, gaming consoles, smart speakers, digital cameras, and home security systems. The embedded non-volatile memory supports data storage that is found in microcontrollers and other electronics. The user keeps this data for further processing, including data redundancy, trimming, programming, identification, and encryption. Embedded non-volatile memory allows users to store data in the absence of electric power, which increases the demand among consumers and drives the global embedded non-volatile memory market. Embedded non-volatile memory is used in memory cards and USB sticks that are integrated into a variety of consumer devices such as smartphones, smartwatches, and digital cameras for data storage. These devices use embedded MultiMediaCard (eMMC) memory chips to store controller code in storage drives and personal electronic devices. The growing adoption of consumer electronics devices among consumers is driving the embedded non-volatile memory market. According to Canalys, the demand for smartwatches has grown by 3%, and for basic watches, the demand increased by 21% in 2022. Consumers across the globe adopt smartwatches to track fitness and health data. Major players in the smartwatch industry are engaging in adding features to smartwatches to attract more customers. For instance, in July 2023, Apple Inc. developed a smartwatch capable of identifying Parkinson’s disease, diabetes, and Lyme disease, which is expected to be popular among the elderly population. The embedded non-volatile memory supports embedded systems to process the data generated by smartwatches to track users’ health and fitness. Moreover, new specifications are currently being developed by server, storage, and application vendors to improve product interaction with NVM. The constant generation of new mobile devices fuels the expansion of NVM products. In 2021, 30-nm node technologies were ramping up, 20-nm node technologies were transitioning to mass production, and a 10-nm node technology was developing to fulfill the demand. Furthermore, to serve a massive amount of data correspondence, the future market requires high-speed operation up to about 1,500 MB/s. These factors are fueling the production of consumer electronics, thereby boosting the demand for embedded non-volatile memory.

On the contrary, global shortage of semiconductor chips hurdles the growth of Middle East & Africa embedded non-volatile memory market.

Based on product, the Middle East & Africa embedded non-volatile memory market is categorized into eFlash, eE2PROM, FRAM, and others. The eFlash segment held 41.0% market share in 2022, amassing US$ 20.77 million. It is projected to garner US$ 78.27 million by 2030 to expand at 18.0% CAGR during 2022–2030.

Based on application, the Middle East & Africa embedded non-volatile memory market is categorized into consumer electronics, automotive, robotics, and others. The others segment held 39.9% share of Middle East & Africa embedded non-volatile memory market in 2022, amassing US$ 20.18 million. It is projected to garner US$ 70.88 million by 2030 to expand at 17.0% CAGR during 2022–2030.

Based on country, the Middle East & Africa embedded non-volatile memory market has been categorized into the UAE, Saudi Arabia, South Africa, and the Rest of Middle East & Africa. Our regional analysis states that the UAE captured 39.2% share of Middle East & Africa embedded non-volatile memory market in 2022. It was assessed at US$ 19.82 million in 2022 and is likely to hit US$ 87.13 million by 2030, exhibiting a CAGR of 20.3% during 2022-2030.

Key players operating in the Middle East & Africa embedded non-volatile memory market are Microchip Technology Inc, Tower Semiconductor, Texas Instruments Inc, Taiwan Semiconductor Manufacturing Co Ltd, and Synopsys Inc, among others.

In Mar 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 May 2023, NXP Semiconductors announced its collaboration with TSMC to deliver the industry’s first automotive-embedded MRAM (Magnetic Random Access Memory) in 16 nm FinFET technology. As automakers transition to software-defined vehicles (SDVs), they need to support multiple generations of software upgrades on a single hardware platform.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa embedded non-volatile memory market.
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 Middle East & Africa 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 Middle East & Africa market trends and outlook coupled with the factors driving the Middle East & Africa 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 the Reporting Teams 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. Middle East & Africa Embedded Non-Volatile Memory Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in Value Chain:
5. Middle East & Africa 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 – Middle East & Africa 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. Middle East & Africa 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. Middle East & Africa 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. Middle East & Africa Embedded Non-Volatile Memory Market – Country Analysis
9.1 Middle East & Africa
9.1.1 Middle East & Africa Embedded Non-Volatile Memory Market Overview
9.1.2 Middle East & Africa Embedded Non-Volatile Memory Market Revenue and Forecasts and Analysis – By Countries
9.1.2.1 UAE Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.1.1 UAE Embedded Non-Volatile Memory Market Breakdown by Product
9.1.2.1.2 UAE Embedded Non-Volatile Memory Market Breakdown by Application
9.1.2.2 Saudi Arabia Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.2.1 Saudi Arabia Embedded Non-Volatile Memory Market Breakdown by Product
9.1.2.2.2 Saudi Arabia Embedded Non-Volatile Memory Market Breakdown by Application
9.1.2.3 South Africa Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.3.1 South Africa Embedded Non-Volatile Memory Market Breakdown by Product
9.1.2.3.2 South Africa Embedded Non-Volatile Memory Market Breakdown by Application
9.1.2.4 Rest of Middle East & Africa Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.4.1 Rest of Middle East & Africa Embedded Non-Volatile Memory Market Breakdown by Product
9.1.2.4.2 Rest of Middle East & Africa 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 Texas Instruments 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 Taiwan Semiconductor Manufacturing Co Ltd
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 Synopsys 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
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. Middle East and Africa Embedded Non-Volatile Memory Market, by Country – Revenue and Forecast to 2030 (USD Million)
Table 6. UAE Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn) – By Product
Table 7. UAE Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 8. Saudi Arabia Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn) – By Product
Table 9. Saudi Arabia Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 10. South Africa Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn) – By Product
Table 11. South Africa Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 12. Rest of Middle East & Africa Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn) – By Product
Table 13. Rest of Middle East & Africa Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 14. Company Positioning & Concentration
Table 15. List of Abbreviation

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. Middle East & Africa Embedder Non-Volatile Memory Market Revenue, By Key Country, (2022) (US$ Million)
Figure 17. Embedded Non-Volatile Memory Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 18. UAE Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 19. Saudi Arabia Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 20. South Africa Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 21. Rest of Middle East & Africa Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn)