According to a new report, published by KBV research, The Global Embedded Non-volatile Memory Market size is expected to reach $8.8 billion by 2031, rising at a market growth of 11.3% CAGR during the forecast period.
The >100 mm segment is registering a CAGR of 10.9 % during the forecast period. Wafers above 100mm are generally favored for applications where cost efficiency, ease of fabrication, and compatibility with mature manufacturing processes are prioritized. These wafers are commonly utilized in automotive, industrial, and consumer electronics industries, where the focus is often on reliability, proven performance, and scalability.
The eFlash segment led the Global Embedded Non-volatile Memory Market by Product in 2023; thereby, achieving a market value of $3.1 billion by 2031. eFlash is highly valued for its ability to store large volumes of data while maintaining non-volatility, meaning it can retain information even when power is removed. This characteristic makes it popular for applications requiring reliable, long-term data storage, such as automotive systems, consumer electronics, and industrial automation.
The BFSI segment is growing at a CAGR of 10.1 % during the forecast period. The BFSI sector relies heavily on secure and reliable data storage for various financial transactions, record-keeping, and regulatory compliance. The growing need for secure, tamper-resistant memory solutions, especially in smart cards, point-of-sale systems, and ATMs, has fueled the demand for eNVM.
Full Report: https://www.kbvresearch.com/embedded-non-volatile-memory-market/
The Asia Pacific region dominated the Global Embedded Non-volatile Memory Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $4.2 billion by 2031. The North America region is anticipated to grow at a CAGR of 10.5% during (2024 - 2031). Additionally, The Europe region would witness a CAGR of 11.1% during (2024 - 2031).
By Wafer Size
By Product
By Application
By Geography
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