North America Embedded Non-Volatile Memory Market Forecast to 2030
North America 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
Increase in Adoption of Consumer Electronics Fuel North America Embedded Non-Volatile Memory Market
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 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.
North America Embedded Non-Volatile Memory Market Overview
The North America embedded non-volatile memory market is segmented into the US, Canada, and Mexico. As the adoption of consumer electronic devices is high, the consumer electronics industry is booming in the region. Smartphones, tablets, television sets, personal computers, washing machines, and other consumer electronics devices have found a wider consumer base in the region. Additionally, the rising adoption of 5G networks is creating a strong opportunity for the market players. According to Ericsson’s mobility report, North America has the second-largest penetration of 5G devices after Asia Pacific. Several network providers have already rolled out 5G services focusing on mobile broadband and fixed wireless access. Further, the number of 5G subscriptions is expected to increase faster than that of 4G in the coming years. By 2026, the region is projected to hold the largest share of the total 5G subscriptions globally, accounting for 360 million subscriptions. Automobile ownership is a widespread trend in North America. According to the International Council on Clean Transportation Report 2021, the US recorded ~330,000 new sales of electric vehicles in 2020, making it the third-largest electric vehicle market. As per the data published by the International Energy Agency (IEA), the demand for battery electric vehicles (BEV) in the US grew from 231 thousand units in 2020 to 466 thousand units in 2021; also, the demand for plug-in hybrid electric vehicles (PHEV) increased from 64 thousand units in 2020 to 165 thousand units in 2021. Thus, such growth prospects in the EV industry are increasing the deployment of embedded non-volatile memories. More than 2 million EVs have been registered in the US, and the count is anticipated to reach 18.7 million by 2030. Moreover, electric companies are investing ~US$ 3 billion in the deployment of charging infrastructure, thus boosting electrically powered transportation. The advent of connected and autonomous cars in North America is propelling the growth of the embedded non-volatile memory market by creating the demand for microchips. The increasing adoption of electric, autonomous, and connected vehicles has surged the demand for advanced electronic devices. Advanced driver-assistance systems (ADAS), AI support, 5G antennas, and advanced processors use microchips and components. Moreover, the integration of devices is done using advanced packaging technology, which is driving technology adoption in the automotive sector. The evolution of on-board diagnostic (OBD) platforms equipped with microelectronics is accelerating the market growth with increased demand for embedded non-volatile memory chips.
North America Embedded Non-Volatile Memory Market Revenue and Forecast to 2030 (US$ Million)
North America Embedded Non-Volatile Memory Market Segmentation
The North America embedded non-volatile memory market is segmented based on product, application, and country. Based on product, the North America embedded non-volatile memory market is categorized into eFlash, eE2PROM, FRAM, and others. The eFlash segment held the largest market share in 2022.
Based on application, the North America embedded non-volatile memory market is segmented into consumer electronics, automotive, robotics, and others. The others segment held the largest market share in 2022.
Based on country, the North America embedded non-volatile memory market is segmented into the US, Canada, and Mexico. The US dominated the North America 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 North America embedded non-volatile memory market.
Summary Info
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According to the Research Team’ research, the North America embedded non-volatile memory market was valued at US$ 206.76 million in 2022 and is expected to reach US$ 1,110.56 million by 2030, registering a CAGR of 23.4% from 2022 to 2030. Growing investment in commercialization of embedded non-volatile memory and increasing demand in low-power IOT modules are among the critical factor attributed to the North America embedded non-volatile memory market expansion.
The expansion of consumer electronics and automotive industries is boosting the demand for embedded non-volatile memory among manufacturers. The growing demand for embedded non-volatile memory among automotive manufacturers encourages market players to increase their production and commercialize embedded non-volatile memory. For instance, in October 2023, Floadia Corporation raised approximately US$ 7.04 million (JPY 1.05 billion) in funding from Japan Finance Corporation, Cypress Capital, and Inabata & Co. for commercializing its embedded flash memory IP. This funding will support Floadia Corporation in strengthening its production and sales activities by promoting its primary business of embedded flash memory IP cores. Floadia Corporation increases the production of embedded non-volatile memory to fulfill the growing need of semiconductor manufacturers. Moreover, many international and domestic players are raising funding for developing embedded non-volatile memory tech. For instance, in March 2023, ANAFLASH, a U.S.-based startup company, announced the commercialization of eFlash for several battery-powered devices. eFlash is a low-cost and energy- efficient embedded non-volatile memory technology used numerous battery-powered devices such as medical wearables, wireless sensors, and various autonomous robots, which further fulfills the future need for computing technologies. These factors are expected to boost the embedded non-volatile memory market growth in the near future.
On the contrary, global shortage of semiconductor chips hurdles the growth of North America embedded non-volatile memory market.
Based on product, the North America embedded non-volatile memory market is categorized into eFlash, eE2PROM, FRAM, and others. The eFlash segment held 37.6% market share in 2022, amassing US$ 77.65 million. It is projected to garner US$ 379.05 million by 2030 to expand at 21.9% CAGR during 2022–2030.
In terms of application, the North America embedded non-volatile memory market is segmented into consumer electronics, automotive, robotics, and others. The others segment held 35.6% share of North America embedded non-volatile memory market in 2022, amassing US$ 73.52 million. It is projected to garner US$ 338.35 million by 2030 to expand at 21.0% CAGR during 2022–2030.
Based on country, the North America embedded non-volatile memory market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 74.6% share of North America embedded non-volatile memory market in 2022. It was assessed at US$ 154.28 million in 2022 and is likely to hit US$ 844.53 million by 2030, exhibiting a CAGR of 23.7% during 2022-2030.
Key players operating in the North America 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 Uncalming others.
In September 2023, GlobalFoundries and Microchip Technology announced the release to production of the SST ESF3 third-generation embedded SuperFlash technology NVM solution in the GF 28SLPe foundry process.
In September 2021, Tower Semiconductor announced a partnership to develop the world’s first Silicon Photonics (SiPho) process with integrated quantum dot lasers, addressing optical connectivity in the AI/ML and disaggregated computing (data center) markets.
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 North America 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 North America market trends and outlook coupled with the factors driving the North America 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. North America Embedded Non-Volatile Memory Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in Value Chain:
5. North America 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 – North America 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. North America 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. North America 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. North America Embedded Non-Volatile Memory Market – Country Analysis
9.1 North America
9.1.1 North America Embedded Non-Volatile Memory Market Overview
9.1.2 North America Embedded Non-Volatile Memory Market Revenue and Forecasts and Analysis – By Countries
9.1.2.1 US Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.1.1 US Embedded Non-Volatile Memory Market Breakdown by Product
9.1.2.1.2 US Embedded Non-Volatile Memory Market Breakdown by Application
9.1.2.2 Canada Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.2.1 Canada Embedded Non-Volatile Memory Market Breakdown by Product
9.1.2.2.2 Canada Embedded Non-Volatile Memory Market Breakdown by Application
9.1.2.3 Mexico Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.3.1 Mexico Embedded Non-Volatile Memory Market Breakdown by Product
9.1.2.3.2 Mexico 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. North America Embedded Non-Volatile Memory Market, by Country – Revenue and Forecast to 2030 (USD Million)
Table 6. US Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn) – By Product
Table 7. US Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 8. Canada Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn) – By Product
Table 9. Canada Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 10. Mexico Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn) – By Product
Table 11. Mexico Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 12. Heat Map Analysis By Key Players
Table 13. 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. North America Embedded 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. US Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 19. Canada Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 20. Mexico Embedded Non-Volatile Memory Market Revenue and Forecasts to 2030 (US$ Mn)
The List of Companies – North America 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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