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Embedded Non-volatile Memory (eNVM) Market Size And Trend Analysis By Product (eFlash, eE2PROM, FRAM), By Region And Segment Forecasts, 2012 - 2022NEW YORK, Jan. 17, 2017 /PRNewswire/ -- The global embedded non-volatile memory market is expected to reach USD 471.5 Million by 2022, according to a new study by Grand View Research, Inc. The emergence of memory technology such as RRAM and revamp in the FRAM architecture are expected to drive market growth over the forecast period. Surge in demand for Internet of Thing (IoT) applications in order to build smart devices is also expected to catapult the industry demand over the next seven years. FRAM uses hybrid memory technology, and combines the functionality of SRAM as well as flash. Growing adoption of EEPROM memory against FRAM, primarily in IoT-based MCUs are expected to elevate product demand over the next seven years. FRAM's implementation on the basis of CMOS architecture has resulted in elimination of density issues, and is anticipated to provide avenues for market growth. RRAM is also a hybrid memory technology capable of storing huge data amount on a single chip, using 3D-stacking technology to save space. In addition to the efficient storing features, RRAM has compact structure, and is preferred as a viable option for application in consumer electronics. Asia Pacific is expected to dominate the eNVM industry owing to the presence of several key foundries as well as smart devices manufacturers in the region. The regional demand accounted for over 30% of the market revenue in 2014. Industrialization in developing countries such as India and China is expected to contribute towards the regional market growth over the forecast period. Prominent industry participants include United Microelectronics Corporation (UMC), Microchip Technology Inc., HHGrace, Kilopass, eMemoryTechnology Inc., and Semiconductor Manufacturing International Corporation (SMIC) Read the full report: http://www.reportlinker.com/p04605008-summary/view-report.html About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. http://www.reportlinker.com __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/embedded-non-volatile-memory-envm-market-size-and-trend-analysis-by-product-eflash-ee2prom-fram-by-region-and-segment-forecasts-2012---2022-300392100.html SOURCE Reportlinker |