The Asia Pacific Embedded Multimedia Card (eMMC) Market would witness market growth of 3.5% CAGR during the forecast period (2021-2027).
Embedded multimedia cards are based on a surface-contact low pin-count serial interface. It uses a single memory stack substrate assembly system. Therefore, it is much smaller in size compared to conventional systems that were based on high pin-count parallel interfaces. These systems used traditional surface-mount assembly like CompactFlash. The increasing demand for high-end embedded multimedia cards is the main factor expected to fuel the growth of the overall market during the forecast period. The embedded multimedia cards are easily available in different densities. This, in turn, expected to fuel the growth of the market. Small sizes and lower power consumption features made eMMC a feasible, low-cost memory solution to be used in smartphones and other space-constrained products. These devices don’t fit an SSD. Therefore, an embedded multimedia card (eMMC) is proved to be a great solution for these devices.
As the demand for smartphones is continuously increasing, it is directly driving the growth of the global embedded multimedia card market. In addition, the necessity of integrated memory for data storage to be used in mobile computing devices also contributing to the demand for embedded multimedia cards across the globe. The demand for enhanced products that have a high storage memory is expected to supplement the growth of the embedded multimedia card market. Other factors including advanced features of the embedded multimedia cards that make them capable of providing ultra-fast memory are also attracting the manufacturers to adopt these devices. Therefore, the embedded multimedia card finds a wide range of applications in the semiconductor industry.
In the Asia-Pacific region, there is increasing use of smartphone penetration and the popularity of smart wearable devices is also high. Thus, electronic manufacturing companies in countries such as China, India, and Japan are adopting advanced technologies to increase the production of such devices.
Moreover, the significant contribution from China, India, and South Korea and the growth of the LTE market are the major factors likely to encourage the growth of the embedded multi-media cards market during the forecast period. The increasing 3G penetration in developing countries like India and Japan is projected to drive the growth of the market. The government of various countries in the Asia pacific has approved a new spectrum allocation plan. This plan targets to allot unassigned spectrum for LTE services. For example, the formal establishment of the novel operator and 5G-licensee Broadcasting Network in China in October 2020 will increase new opportunities for the market players of embedded multi-media cards in this region. Thus, factors like the increasing adoption of digital cameras, and the rising consumer electronics industry will boost the growth of the eMMC market in Asia-Pacific.
The China market dominated the Asia Pacific Smartphones Embedded Multimedia Card (eMMC) Market by Country 2020, thereby, achieving a market value of $316.7 million by 2027. The Japan market is showcasing a CAGR of 2.7% during (2021 - 2027). Additionally, The India market is anticipated to witness a CAGR of 3.9% during (2021 - 2027).
Based on Density, the market is segmented into 32GB–64GB, 128GB-256GB, 8GB–16GB and 2GB–4GB. Based on Application, the market is segmented into GPS System, Digital Cameras, Medical Devices, Smartphones and Others. Based on Industry Vertical, the market is segmented into Automotive, Aerospace & Defense, Industrial, Healthcare, Public, IT & Telecom, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Embedded Multimedia Card (eMMC) Market is Projected to reach USD 11.8 Billion by 2027, at a CAGR of 3.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Samsung Electronics Co., Ltd. (Samsung Group), Toshiba Corporation, Western Digital Corporation, Kingston Technology Company, Inc., Greenliant Systems, Inc., Micron Technology, Inc., Phison Electronics Corporation, Silicon Motion Technology Corporation, SK Hynix, Inc., and Transcend Information, Inc.
By Density
By Application
By Industry Vertical
By Country
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