The Embedded Non-Volatile Memory Market size is expected to reach US$ 3,732.95 million by 2030 from 729.05 million in 2022, at an estimated CAGR of 22.6% from 2022 to 2030.


The North America embedded non-volatile memory market is segmented into the US, Canada, and Mexico. As the adoption of consumer electronic devices is high, the consumer electronics industry is booming in the region. Smartphones, tablets, television sets, personal computers, washing machines, and other consumer electronics devices have found a wider consumer base in the region. Additionally, the rising adoption of 5G networks is creating a strong opportunity for the embedded non-volatile memory market players. According to Ericsson's mobility report, North America has the second-largest penetration of 5G devices after Asia Pacific. Several network providers have already rolled out 5G services focusing on mobile broadband and fixed wireless access. Further, the number of 5G subscriptions is expected to increase faster than that of 4G in the coming years. By 2026, the region is projected to hold the largest share of the total 5G subscriptions globally, accounting for 360 million subscriptions.

Automobile ownership is a widespread trend in North America. According to the International Council on Clean Transportation Report 2021, the US recorded ~330,000 new sales of electric vehicles in 2020, making it the third-largest electric vehicle market. As per the data published by the International Energy Agency (IEA), the demand for battery electric vehicles (BEV) in the US grew from 231 thousand units in 2020 to 466 thousand units in 2021; also, the demand for plug-in hybrid electric vehicles (PHEV) increased from 64 thousand units in 2020 to 165 thousand units in 2021. Thus, such growth prospects in the EV industry are increasing the deployment of embedded non-volatile memories.

More than 2 million EVs have been registered in the US, and the count is anticipated to reach 18.7 million by 2030. Moreover, electric companies are investing ~US$ 3 billion in the deployment of charging infrastructure, thus boosting electrically powered transportation. The advent of connected and autonomous cars in North America is propelling the growth of the embedded non-volatile memory market by creating the demand for microchips. The increasing adoption of electric, autonomous, and connected vehicles has surged the demand for advanced electronic devices. Advanced driver-assistance systems (ADAS), AI support, 5G antennas, and advanced processors use microchips and components. Moreover, the integration of devices is done using advanced packaging technology, which is driving technology adoption in the automotive sector. The evolution of on-board diagnostic (OBD) platforms equipped with microelectronics is accelerating the embedded non-volatile memory market growth with increased demand for embedded non-volatile memory chips.

Based on application, the Embedded Non-Volatile Memory market is segmented into consumer electronics, automotive, robotics, and others. The growing adoption of consumer electronics devices associated with rising consumer disposable income is fueling the demand for embedded non-volatile memory worldwide. Rising urban population, growing consumer spending capability, and decreasing prices of consumer electronics rapidly expand the industry growth across the world. The rising consumer demand for smart devices, including tablets, smartphones, laptops, smart TVs, and home appliances, is fueling the embedded non-volatile memory market growth. Advancements in compact smart wearables are further fueling the need for microelectronics. The emergence of smart electronic devices integrated with sensors, multiple processors, and other components is adding to the popularity of embedded non-volatile memory. Memory technology is playing a vital role in the development of electronics with low power requirements and a smaller form factor. Moreover, a surge in the adoption of IoT solutions among residential consumers, along with the development of smart cities, is expected to create profitable opportunities for the embedded non-volatile memory market players offering embedded non-volatile memory products to the consumer products segment. The rising demand for consumer electronics in countries such as the US, Germany, China, South Korea, Japan, India, and Canada is driving the global embedded non-volatile memory market.

Based on product, the Embedded Non-Volatile Memory market is segmented into eFlash, eE2PROM, FRAM, and others. eFlash is among the most widely used forms of memory in electronics. The technology is offered in nonremovable and removable forms along with a variety of capacities and specifications ranging from 0.5-micron (?m) to 40 nm. The memory also provides a number of flash IP options for meeting different product design requirements. There are three major grades in embedded flash: single-level cell (SLC), multi-level cell (MLC), and triple-level cell (TLC). The TLC is used in commercial applications such as smartphones and has the slowest operating speed and shorter lifespan. The MLC is used for industrial and commercial applications, is faster and more reliable, and has a longer life cycle than TLC. However, the SLC is considered an industrial-grade flash and is characterized by the longest lifespan, fastest operating speed, and highest data security level among all embedded flash grades. Increasing deployment of IoT and growing use of electronics in automobiles have increased the adoption of eFlash among manufacturers. eFlash is used by IoT devices to offer over-the-air (OTA) updates that make products smart, secure, and flexible, which increases the demand among consumers and drives the embedded non-volatile memory market.

Taiwan Semiconductor Manufacturing Company Limited, Globalfoundries Inc., Hua Hong Semiconductor Limited, Microchip Technology Inc., SMIC, Texas Instruments Incorporated., Tower Semiconductor, United Microelectronics Corporation, and Synopsys Inc. are among the key Embedded Non-Volatile Memory market players that are profiled in this market study.

The overall Embedded Non-Volatile Memory Market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the Embedded Non-Volatile Memory Market size. The process also helps obtain an overview and forecast of the embedded non-volatile memory market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the Embedded Non-Volatile Memory Market.