FRAM Market Expected To Reach $ 343.2 Million By
New York, United States, June 24, 2021 (GLOBE NEWSWIRE) – FRAM Market Overview:
According to a comprehensive research report from Market Research Future (MRFR), “FRAM market – Information by product type, interface and application – Forecast until 2027 ” The market is expected to reach US $ 343.2 million by 2025, at a CAGR of 3.78%.
Likewise, the FRAM market is growing rapidly, with increasing use of highly scalable memory devices and increasing demand for connected and portable devices. The FRAM market has been significantly influenced by COVID-19 crises around the world. The pandemic has caused significant loss of income for most industries. However, the need for fast data processing and big data in various verticals has increased dramatically. This scenario has presented several opportunities for the market, increasing the demand for FRAM technology globally.
The pandemic has also accelerated the evolution of telemedicine, pushing the medical / healthcare industry to make efforts to meet supply demands and manage overcrowded facilities. This has put further emphasis on advancing and streamlining telehealth capabilities. The FRAM market is expected to continue to grow significantly during the evaluation period.
The major key players covered in the FRAM market are:
- Fujitsu Ltd (Japan)
- Texas Instruments (United States)
- Cypress Semiconductor Corp (United States)
- Rohm Co. Ltd (Japan)
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The USP market exclusively encompassed:
Ferroelectric RAM (FRAM) is a form of random access memory, combining the fast read and write access of dynamic RAM (DRAM) and providing non-volatile capacity. Over the past few years, FRAM has seen enormous success due to its use in small niche devices. FRAM in general is very attractive due to its low switching energy.
Its non-volatility and low power consumption are the main drivers of the enormous success that FRAM is achieving today and is becoming critical for many applications. Compared to other technologies, FRAM needs a very small amount of energy for polarization.
FRAM has proven its ability to increase profitability in specific markets such as transit cards, gaming systems and power meters. FRAM products have been around for a long time, its main attraction being its low power consumption during write operations.
Browse the in-depth market research report (127 pages) on FRAM:
Market segmentation covered by research:
The FRAM market forecast is segmented into product type, interface, application, and region. The product type segment is sub-segmented into 4K, 6.18K, 16K, 32K, 64K, 128K, 256K, 512K and others (1M, 2M, 4M).
The interface segment is sub-segmented into serial and parallel. The series segment represents the largest market share. The segment is further expected to grow at a higher rate during the forecast period.
The applications segment is sub-segmented into metering / measurement, corporate storage, automotive, factory automation, telecommunications, medical and others. Of these, the telecommunications segment represents the largest market share. The segment is expected to continue to derive the largest market share, while the automotive segment is expected to further grow at a higher rate during the forecast period.
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The Asia-Pacific region is expected to remain dominant in the global FRAM market. The region represented a market value of 114.5 million USD in 2018.
North America ranks second in the world in terms of FRAM market revenue. The market is driven by the presence of many notable players and well established end user verticals in the region. Besides, the wide adoption and advancement of storage technologies is promoting the growth of the regional market.
Europe is witnessing a dramatic increase in the market value of FRAM. The growth of the market is being driven by the increasing number of companies and technology upgrades. Germany, France, Italy and the United Kingdom are the main contributors to the growth of the regional market.
The increasingly growing demand for FRAM in many applications requiring high performance, low power and high endurance is a major trend positively impacting the growth of the market. In addition, the increasing use of FRAM as a better alternative to electrically erasable programmable read only memory (EEPROM) for low power data logging applications to prevent data loss even in the event of a sudden power failure. food, influences market growth.
The great popularity of FRAM in a wide range of industries, such as IT and telecommunications, and the automotive industry justifies the size of the FRAM market. Fast write performance to flash memory is advancing, making FRAM very attractive as an efficient alternative to electrically volatile memory.
The efficiency offered by the FRAM runtime data logging applications at the cost of less power is expected to drive the growth of the global FRAM market during the evaluation period. FRAM has a number of distinct advantages over Flash memory; However, some drawbacks of FRAM, such as lower storage density, higher cost, and overall capacity limitation, limit its adoption. Nonetheless, increasing application areas and widespread adoption of FRAM would support market growth throughout the evaluation period.
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