ID: MRFR/SEM/7046-CR | October 2019 | Region: Global | 127 pages
Market Research Future (MRFR) predicts the Global FRAM Market to reach USD 343.2 Million at a 3.78% CAGR from 2016 to 2025 (forecast period). FRAM (ferroelectric random-access memory) is a high-performance, low-power, non-volatile memory that utilizes ferroelectric film as a capacitor for storing data. It combines the advantages of conventional non-volatile memories (Flash and EEPROM) and high-speed RAM (SRAM and DRAM). Demand for FRAM is increasingly growing in many applications requiring high performance, low power, and high endurance. FRAM has been deemed a better alternative to electrically erasable programmable read-only memory (EEPROM) for low-power, data-logging applications where it is important to prevent any loss of data, even in the case of a sudden power shutdown.
COVID-19 Impact on the Global FRAM Market
FRAM stands for ferroelectric random-access memory. It is a low-power, high-performance, non-volatile memory that uses ferro-electric film to store data. FRAM combines the advantages of high-speed RAM (DRAM and SRAM) and traditional non-volatile memory (EEPROM and Flash). The key driver of market growth is the growing demand for FRAM in automotive and electronic applications. China is the main supplier of FRAM modules used in electronic devices. The spread of COVID-19 from China has had a huge effect on both industries. The rapid spread of the pandemic has led to lockdowns in numerous countries, leading to the closure of manufacturing plants and disrupting supply chain activities. The downturn in the production of new auto products, vehicles, and electronic devices has had a dramatic effect on the growth of the industries and thus hindered market growth.
In addition, the growing popularity of FRAM-based smart meters is also driving the growth of the market. The outbreak of COVID-19 did not adversely affect the power market. However, the reduced use of energy from the commercial and industrial sectors and the cancelation or postponement of international events and concerts have greatly reduced the use of electricity, which, in turn, has had a negative effect on the demand for smart meters and therefore on the FRAM industry. The disruption in the installation of smart meters due to the COVID-19 pandemic also slowed down the adoption of smart meters, which in turn had an impact on the growth of the FRAM market. In addition, the temporary halt in the production of new FRAM chips is also hindering the growth of the FRAM market.
Increasing adoption across a wide range of industries
The benefits of lower power consumption, high read-and-write endurance, and expeditious write performance over flash memory are making FRAM gain high popularity across a wide range of industries, such as IT and telecommunications, and the automobile industry. It is expected to have a positive impact on the global FRAM market. FRAM is becoming highly attractive as an efficient alternative to electrically volatile memory. The effectiveness offered by FRAM run data logging applications at the cost of less power is predicted to stimulate the growth of the global FRAM market during the evaluation period.
Global FRAM Market has been segmented into Product Type, Interface, and Application.
By product type, the global FRAM market has been segmented into 4K, 6.18K, 16K, 32K, 64K, 128K, 256K, 512K, and others (1M, 2M, 4M).
By interface, the global FRAM market has been segmented into Serial and Parallel.
By application, the global FRAM market has been segmented into metering/measurement, enterprise storage, automotive, factory automation, telecommunication, medical, others.
APAC to capture the highest market share
Asia Pacific had the highest market size of USD 114.5 million in 2018; the market is projected to record a CAGR of 3.11% during the forecast period. Asia Pacific is expected to dominate the FRAM market during the forecast period, with China being a significant producer of FRAM modules used in consumer electronic devices.
The global FRAM market is highly competitive. Companies operating in the industry must continue to evolve their products to maintain a sustainable competitive edge over their competitors and allow for product differentiation.
Notable players in the global FRAM market are Texas Instruments (US), Fujitsu Ltd (Japan), Rohm Co., Ltd (Japan), and Cypress Semiconductor Corp (US), among others.
In July 2019, Cypress Semiconductor Corporation unveiled a new family of serial non-volatile memories, ExcelonTM Ferroelectric Random-Access Memory, features high-speed, non-volatile data logging that prevents data loss in rough automotive and industrial environments as well as extreme temperatures.
In July 2019, Fujitsu announced the introduction of the 8Mbit ReRAM MB85AS8MT, the largest density in the world, as a mass-produced ReRAM product. It is suitable for battery-operated small wearable devices such as hearing aids, smartwatches, and smart bands.
This research report estimates revenue growth at global, regional, and national levels and offers insight into the latest updates in each sub-sector from 2016 to 2025. For this report, MRFR divided the global FRAM market report by product type, interface, application, and region.
By Product Type
others (1M, 2M, 4M)
Frequently Asked Questions (FAQ) :
The increasing popularity of personal digital assistants is expected to impact the market positively.
The market can be deterred by the limited application scope of the products in the coming years.
The revenue levels are expected to rise from USD 265.4 Million in 2018 to USD 343.2 Million by the end of the forecast period.
The segments of Interface, product type, region, and application are created for better market scenario comprehension.
A CAGR of 3.11% is projected to bolster the APAC region to the topmost place in the global region.
A 3.78% CAGR is expected to maintain the growth trajectory of the market.
Fujitsu Ltd (Japan), Rohm Co., Ltd (Japan), Texas Instruments (US), and Cypress Semiconductor Corp (US) are a few of the contenders in the market.