Embedded Non-volatile Memory (Envm) Market Emerging Trends and Business Strategies 2024-230

Report Overview:

 Embedded non-volatile memory (eNVM) is a compact chip designed for a variety of embedded system applications. It is commonly used in smart cards, SIM cards, microcontrollers, PMICs, and display driver ICs for purposes such as data encryption, programming, trimming, identification, coding, and redundancy. Manufacturers prioritize providing secure eNVMs for MCUs in IoT-based devices.

 ENVM is a type of memory that retains its stored data even when the power is switched off. Common ENVM technologies include Flash memory, Phase-Change Memory (PCM), and Resistive RAM (ReRAM).

 The high efficiency and compact design of eNVMs are expected to replace bulkier, conventional standalone non-volatile memories.

Market Value:

The global Embedded Non-volatile Memory (Envm) market was valued at US$ 432.4 million in 2023 and is projected to reach US$ 896.3 million by 2030, at a CAGR of 10.7% during the forecast period.

By Types:

 eFlash (Embedded Flash Memory)

 eEEPROM (Embedded Electrically Erasable Programmable Read-Only Memory)

 eFRAM (Embedded Ferroelectric RAM)

 eMRAM (Embedded Magnetoresistive RAM)

 eRRAM (Embedded Resistive RAM)

 ePCM (Embedded Phase Change Memory)

By Application:

 Consumer Electronics

 Automotive

 Industrial  Aerospace & Defense  Healthcare

 IT & Telecommunication  Others