There has been an increase in the use of advanced electronic devices in North America owing to continuous technological advancements and increased need of LTE and cloud technologies. This has further increased the application of embedded multimedia card in this region among various end users including automotive, medical, and aerospace & defense.
Portland, OR -- (SBWIRE) -- 09/08/2017 -- As per the projections of an in-depth market analysis by Allied Market Research, the global valuation of the embedded multimedia card market (eMMC) is expected to reach $32,321.9 million by 2022. The report states that the eMMC market displays a highly competitive business scenario with key manufacturers such as Samsung Electronics Co. Ltd., SanDisk Corporation, and SKHynix Inc taking the lead. Embedded multimedia cards come with the added benefits of high memory capacity, flexibility, and lower power consumption compared to the conventional multimedia cards. eMMCs are used in products such as smartphones and medical devices.
The rising growth in the sale of smartphones owing to its high rate of demand and the need for integrated memory in mobile computing devices are the key factors augmenting the growth of the global embedded multimedia card market. The compact size of an eMMC and its enhanced processing power make it a perfect solution for smartphone users. An eMMC offers advanced memory densities to support high-end multimedia features such as high-definition videos and content storage. These cards find applications in mobile computing devices due to the efficient memory solution provided as a result of the simplified memory interface design.
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However, the changes in technology are inevitable. With the frequent changes in technology, the compatibility of these cards with the devices driven by the latest technology may go for a toss. The technological advancements give rise to the development of products with progressive technologies and features, thus hindering the growth of the eMMC market.
According to the report, the rising demand for memory solutions in electronic devices along with cutting-edge technology is opening new opportunities for the manufacturers and potential investors in the global eMMC market.
The report segments the global eMMC market based on the density, application, end user, and geography. Embedded multimedia cards are available in the density ranges of 2GB-4GB, 8GB-16GB, 32GB-64GB, AND 128GB-256GB. The high sales of mid-range tablets, digital cameras, and phones drove the demand for eMMCs in the density range of 128GB-256GB. The applications segment comprises of smartphones, digital cameras, GPS systems, and other products including e-readers, tablets, and PCs out of which the maximum revenue was generated by the smartphones segment in 2014.
Based on the type of end users, the market is segregated into automotive, aerospace & defense, industrial, healthcare, public, IT & Telecom, and other users such as retail and energy & utility. The automotive sector is expected to exhibit the highest growth rate with a CAGR of 26% in the forecast period. eMMCs have been adopted widely in the automotive sector in applications ranging from vehicle cameras, in-car infotainment systems, GPS systems to ADAS applications. The high-reliability factor coupled with speed and scalability offered by eMMCs have facilitated their application in the defense sector.
Geographically, the global embedded multimedia card market is divided into the major regions of North America, Europe, Asia-Pacific, and LAMEA. The region-specific market presence and the current and emerging trends have been analyzed and compiled to give a deeper understanding of the market.
The report has profiled the leading players in the market which include Samsung Electronics Co. Ltd, SanDisk Corporation, SK Hynix Inc., Phison Electronics Corporation Inc., Greenliant Systems Ltd., Kingston Technology Company Inc., Transcend Information Inc., Toshiba Corporation, Micron Technology Inc., and Silicon Motion Technology Corp.
Key findings of the report
- eMMCs in the density range of 128GB-256GB are anticipated to maintain their lead in the forecast period.
- The highest CAGR of 20.5% is expected to be exhibited by GPS-based applications under the applications segment closely followed by the aerospace and defense sector.
- In 2014, the highest revenue was generated by the Asia-Pacific eMMC market, that will continue its dominating streak in the forecast period.
- LAMEA is expected to show the highest growth in terms of CAGR during 2016–2022
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