The Latin America, Middle East and Africa Embedded Multimedia Card (eMMC) Market would witness market growth of 5.4% CAGR during the forecast period (2021-2027).
An eMMC is one of the primary storages for portable devices such as smartphones or tablets. This can enhance the storage with a removable microSD multimedia card and Secure Digital card. It is the single storage for small sensors that are connected to IoT. The mainboard of the device is connected parallelly. The latest eMMC specification (version 5.1) permits a data transfer rate of up to 400 megabytes per second (MBps) that can be compared with a solid-state drive using a SATA connection.
The developing industrial sector is continuously flourishing in Latin America that is expected to support the electronic design automation market in the coming years. The major factor that is boosting the growth of the embedded multimedia card (eMMC) market share is the growing adoption of embedded multimedia cards (eMMCs) in the automotive industry. There is a surge in demand for the embedded multimedia card (eMMC) in electronic devices and high demand for integrated memory in mobile computing devices that are further creating new growth avenues for the market. Though, continuous technological advancement and development of new storage devices are likely to restrict the market growth. On the contrary, as there is an increase in the development of Chromebook, it is anticipated to create profitable opportunities for the embedded multimedia card (eMMC) industry.
African countries have established renewed commitment to improving industrialization as an agenda to diversify their economies. As compared to the rest of the world, the Internet in Africa is restricted by a lower penetration rate. Also, the telecommunications market in Africa is at its early stages of development. It is likely to be one of the fastest-growing industries in the world. This, in turn, increased the adoption of advanced technological devices by the common people. With the increasing use of smartphones and the adoption of advanced technology, it is anticipated that the demand for embedded multi-media cards will also increase in African countries. A number of initiatives have been undertaken by the government to bring more bandwidth to Africa. Governments and policymakers of the African countries must implement policies to improve access to connectivity and increase investment in more robust digital infrastructure in the coming years. So, it is expected that the embedded multi-media cards market will see significant growth during the forecast period.
The GPS System market dominated the Saudi Arabia Embedded Multimedia Card (eMMC) Market by Application 2020, thereby, achieving a market value of $39.6 million by 2027. The Digital Cameras market is experiencing a CAGR of 6.8% during (2021 - 2027). The Smartphones market is estimated to grow at a CAGR of 5.6% during (2021 - 2027). Additionally, The Medical Devices market is expected to witness a CAGR of 6.8% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Embedded Multimedia Card (eMMC) Market is Predict to reach $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.
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