The North America Embedded Non-volatile Memory Market would witness market growth of 10.5% CAGR during the forecast period (2024-2031).
The US market dominated the North America Embedded Non-volatile Memory Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,497.1 million by 2031. The Canada market is experiencing a CAGR of 12.7% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 11.9% during (2024 - 2031).
This is a memory technology that is directly integrated into a semiconductor device. It is capable of retaining stored data even when the power supply is turned off. Unlike volatile memory, such as DRAM (Dynamic Random-Access Memory) or SRAM (Static Random-Access Memory), which lose their data when the power is cut, eNVM maintains its data without continuous power. This characteristic makes eNVM essential for long-term data retention and reliability applications, even without a power source.
Driven by the growing demand for advanced memory solutions that satisfy the requirements of a technological landscape that is swiftly evolving, the embedded non-volatile memory market has emerged as a critical segment within the broader semiconductor industry. The significance of eNVM is growing, affecting a diverse variety of industries, including automotive, industrial automation, telecommunications, and consumer electronics, as the world becomes more connected and data driven.
The U.S. automotive industry is also contributing to the growing demand for eNVM. In the United States, the automotive industry saw significant growth in 2023, with light vehicle sales reaching nearly 15.5 million units, according to the National Automobile Dealers Association (NADA). Embedded memory is essential for the reliability and safety of these systems, as they are increasingly integrated with advanced driver-assistance systems (ADAS) and electric vehicles (EVs). eNVM provides high-speed data storage and low-power requirements for real-time processing in automotive applications, from autonomous driving features to infotainment systems. As the U.S. continues to lead in automotive innovation, the demand for eNVM is expected to grow in tandem with advancements in vehicle technology. Consequently, the region presents lucrative growth opportunities for the market throughout the forecast period.
Free Valuable Insights: The Embedded Non-volatile Memory Market is Predict to reach USD 8.8 Billion by 2031, at a CAGR of 11.3%
Based on Wafer Size, the market is segmented into >100 mm and <100 mm. Based on Product, the market is segmented into eFlash, eE2PROM, FRAM, and Other Product. Based on Application, the market is segmented into BFSI, Information Technology, Consumer Electronics, Telecommunications, Government, and Others Application. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Wafer Size
By Product
By Application
By Country
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