North America Embedded Non-Volatile Memory Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (eFlash, eOTP, eE2PROM, eMTP, eMRAM, and others) and Industry (Consumer Products, Automotive, IT and Communications, and Others)
The embedded non-volatile memory market in North America is expected to grow from US$ 23.05 million in 2021 to US$ 651.62 million by 2028; it is estimated to grow at a CAGR of 61.2% from 2021 to 2028.
Since the introduction of flash memory in the early 1980s, the semiconductor industry has seen a lot of developments. The expansion of the consumer electronics market drives the demand for Flash memory, making it a significant component of the semiconductor industry. Over the next few years, the memory market is likely to undergo significant changes, with more dense and dependable technologies challenging the dominant NAND Flash memory found in SSDs and embedded in mobile devices. New specifications are currently being developed by server, storage, and application vendors to improve the way their products interact with NVM. Flash memory is one of the most dynamic and interesting markets in the semiconductor industry, not to mention one of the most competitive. New memory technologies are constantly being developed, and their applications in the memory industry are increasing performance expectations. These new classes of memories with cutting-edge technologies will enhance the vertical demand in the future memory market. In the coming years, cumulative price reductions on DVDs and hard disc drives (HDDs) are expected to destabilize the market, stimulate massive demand, and establish new Flash markets. The constant generation of new mobile devices fuels the expansion of NVM products. In 2021, 30-nm node technologies are ramping up, 20-nm node technologies are transitioning to mass production, and a 10-nm node technology is 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 products.
North America is among the worst-hit regions by the COVID-19 pandemic. The US, Canada, and Mexico have witnessed a significant rise in the number of COVID-19 infected patients. COVID-19 has negatively impacted manufacturing businesses in the region in four critical areas, such as supply chain/operations, workforce, 2020 investments, and product offering. In the first nine months, overhead costs, including expenses for sales, research & development (R&D), and administration of various providers fell adversely, due to severe measures taken during the pandemic. Post lockdown, the market witnessed increasing demand for digital devices. North America is among the eminent regions in adopting smart or IoT-based devices due to favorable infrastructure that support high-speed internet services. The adoption of 5G network has driven the market growth post lockdown. The COVID-19 outbreak has a major impact on manufacturing facilities as production capacities were lowered. As the demand for electronics remained constant, it helped the market to resume the growth. For instance, in December 2020, Qualcomm Inc, a leading manufacturer of microprocessors, predicted that the shipments of 5G smartphones will double in 2022 owing to increasing 5G network deployment. Such increasing adoption of 5G smartphones is have some kind of positive impact after the lockdown period; while in lockdown, it certainly hampered the market growth in a negative manner.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the embedded non-volatile memory market. The North America embedded non-volatile memory market is expected to grow at a good CAGR during the forecast period.
North America Embedded Non-Volatile Memory Market Revenue and Forecast to 2028 (US$ Million)
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North America Embedded Non-Volatile Memory Market Segmentation
North America Embedded Non-Volatile Memory Market – By Type
- eFlash
- eOTP
- eE2PROM
- eMTP
- eMRAM
- Others
North America Embedded Non-Volatile Memory Market – By Industry
- IT and Communications
- Consumer Products
- Automotive
- Others
North America Embedded Non-Volatile Memory Market- By Country
- US
- Canada
- Mexico
North America Embedded Non-Volatile Memory Market-Companies Mentioned
- Everspin Technologies, Inc.
- GlobalFoundries
- Hua Hong Semiconductor Limited
- Microchip Technology Inc.
- Samsung Electronics Co.,Ltd.
- Taiwan Semiconductor Manufacturing Company, Limited
- Texas Instruments Incorporated
- Tower Semiconductor
- United Microelectronics Corporation
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Embedded Non-Volatile Memory Market – By Type
1.3.2 North America Embedded Non-Volatile Memory Market – By Industry
1.3.3 North America Embedded Non-Volatile Memory Market- By Country
2. Key Takeaways
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 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Embedded Non-Volatile Memory Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Development of Consumer Electronics Market
5.1.2 Wide Range of Applications of NVM
5.2 Market Restraints
5.2.1 High Design Price and Scalability issues
5.3 Market Opportunities
5.3.1 Increasing penetration of IoT-based devices and services
5.4 Future Trends
5.4.1 Recent Advances in Memory Technology
5.5 Impact Analysis of Drivers and Restraints
6. Embedded Non-Volatile Memory Market – North America Analysis
6.1 North America Embedded Non-Volatile Memory Market Overview
6.2 North America Embedded Non-Volatile Memory Market – Revenue and Forecast to 2028 (US$ Million)
7. North America Embedded Non-Volatile Memory Market Analysis – By Type
7.1 Overview
7.2 North America Embedded Non-Volatile Memory Market, By Type (2020 and 2028)
7.3 eFlash
7.3.1 Overview
7.3.2 eFlash: Embedded Non-Volatile Memory Market – Revenue and Forecast to 2028 (US$ Million)
7.4 eOTP
7.4.1 Overview
7.4.2 eOTP: Embedded Non-Volatile Memory Market – Revenue and Forecast to 2028 (US$ Million)
7.5 eE2PROM
7.5.1 Overview
7.5.2 eE2PROM: Embedded Non-Volatile Memory Market – Revenue and Forecast to 2028 (US$ Million)
7.6 eMTP
7.6.1 Overview
7.6.2 eMTP: Embedded Non-Volatile Memory Market – Revenue and Forecast to 2028 (US$ Million)
7.7 eMRAM
7.7.1 Overview
7.7.2 eMRAM: Embedded Non-Volatile Memory Market – Revenue and Forecast to 2028 (US$ Million)
7.8 Others
7.8.1 Overview
7.8.2 Others: Embedded Non-Volatile Memory Market – Revenue and Forecast to 2028 (US$ Million)
8. North America Embedded Non-Volatile Memory Market Analysis – By Industry
8.1 Overview
8.2 North America Embedded Non-Volatile Memory Market, By Industry (2020 and 2028)
8.3 Consumer Products
8.3.1 Overview
8.3.2 Consumer Products: Embedded Non-Volatile Memory Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Automotive
8.4.1 Overview
8.4.2 Automotive: Embedded Non-Volatile Memory Market – Revenue and Forecast to 2028 (US$ Million)
8.5 IT and Communications
8.5.1 Overview
8.5.2 IT and Communications: Embedded Non-Volatile Memory Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Embedded Non-Volatile Memory Market – Revenue and Forecast to 2028 (US$ Million)
9. North America Embedded Non-Volatile Memory Market – Country Analysis
9.1 Overview
9.1.1 North America: Embedded Non-Volatile Memory Market, by Key Country
9.1.1.1 US: Embedded Non-Volatile Memory Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 US: Embedded Non-Volatile Memory Market, by Type
9.1.1.1.2 US: Embedded Non-Volatile Memory Market, by Industry
9.1.1.2 Canada: Embedded Non-Volatile Memory Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Canada: Embedded Non-Volatile Memory Market, by Type
9.1.1.2.2 Canada: Embedded Non-Volatile Memory Market, by Industry
9.1.1.3 Mexico: Embedded Non-Volatile Memory Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Mexico: Embedded Non-Volatile Memory Market, by Type
9.1.1.3.2 Mexico: Embedded Non-Volatile Memory Market, by Industry
10. North America Embedded Non-Volatile Memory Market- COVID-19 Impact Analysis
10.1 Overview
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
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
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 Texas Instruments Incorporated
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 Hua Hong Semiconductor Limited
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 Everspin Technologies Inc.
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 Samsung Electronics 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 Taiwan Semiconductor Manufacturing Company, Limited
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 United Microelectronics Corporation
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
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. North America Embedded Non-Volatile Memory Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. US: Embedded Non-Volatile Memory Market, by Type –Revenue and Forecast to 2028 (US$ Million)
Table 3. US: Embedded Non-Volatile Memory Market, by Industry –Revenue and Forecast to 2028 (US$ Million)
Table 4. Canada: Embedded Non-Volatile Memory Market, by Type –Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada: Embedded Non-Volatile Memory Market, by Industry –Revenue and Forecast to 2028 (US$ Million)
Table 6. Mexico: Embedded Non-Volatile Memory Market, by Type –Revenue and Forecast to 2028 (US$ Million)
Table 7. Mexico: Embedded Non-Volatile Memory Market, by Industry –Revenue and Forecast to 2028 (US$ Million)
Table 8. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Embedded Non-Volatile Memory Market Segmentation
Figure 2. North America Embedded Non-Volatile Memory Market Segmentation – By Country
Figure 3. North America Embedded Non-Volatile Memory Market Overview
Figure 4. eFlash Type Segment held the Largest Share of North America Embedded Non-Volatile Memory Market
Figure 5. IT and Communications Segment held the Largest Share of North America Embedded Non-Volatile Memory Market
Figure 6. US to Show Great Traction During Forecast Period
Figure 7. North America: PEST Analysis
Figure 8. Expert Opinion
Figure 9. North America Embedded Non-Volatile Memory Market: Impact Analysis of Drivers and Restraints
Figure 10. North America Embedded Non-Volatile Memory Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. North America Embedded Non-Volatile Memory Market Revenue Share, by Type (2020 and 2028)
Figure 12. North America eFlash: Embedded Non-Volatile Memory Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. North America eOTP: Embedded Non-Volatile Memory Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. North America eE2PROM: Embedded Non-Volatile Memory Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. North America eMTP: Embedded Non-Volatile Memory Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. North America eMRAM: Embedded Non-Volatile Memory Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. North America Others: Embedded Non-Volatile Memory Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. North America Embedded Non-Volatile Memory Market Revenue Share, by Industry (2020 and 2028)
Figure 19. North America Consumer Products: Embedded Non-Volatile Memory Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. North America Automotive: Embedded Non-Volatile Memory Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. North America IT and Communications: Embedded Non-Volatile Memory Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. North America Others: Embedded Non-Volatile Memory Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. North America: Embedded Non-Volatile Memory Market, by Key Country-Revenue 2020 (US$ Million)
Figure 24. North America: Embedded Non-Volatile Memory Market Revenue Share, by Key Country (2020 and 2028)
Figure 25. US: Embedded Non-Volatile Memory Market – Revenue and Forecast To 2028 (US$ Million)
Figure 26. Canada: Embedded Non-Volatile Memory Market – Revenue and Forecast To 2028 (US$ Million)
Figure 27. Mexico: Embedded Non-Volatile Memory Market – Revenue and Forecast To 2028 (US$ Million)
Figure 28. Impact of COVID-19 Pandemic on Market in North American Countries
- Everspin Technologies, Inc.
- GlobalFoundries
- Hua Hong Semiconductor Limited
- Microchip Technology Inc.
- Samsung Electronics Co.,Ltd.
- Taiwan Semiconductor Manufacturing Company, Limited
- Texas Instruments Incorporated
- Tower Semiconductor
- United Microelectronics Corporation
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