FRAM Market Outlook - 2030
Ferroelectric random-access memory (FRAM) is an acronym for ferroelectric random-access memory. It is a non-volatile, low-power, high-performance memory that stores data on ferro-electric film. High-speed RAM (DRAM and SRAM) and conventional non-volatile memory are combined in FRAM (EEPROM and Flash). FRAM provides quick read and write access, as well as the ability to save data even when the power source is switched off. Lower power consumption, quicker read & write operations, and a large number of write and erase cycles are just a few of the advantages. The rise in demand for FRAM in automotive and electronic applications is a major driver of market expansion.
The global FRAM market is segmented on the basis of product type, interface, application and region. Based on product type, the market is divided into 4K, 6.18K, 16K, 32K, 64K, 128K, 256K, 512K, and others. On the basis of interface, the market is divided into serial and parallel. In terms of application, the market is categorized into measurement, medical, enterprise storage, factory automation, automotive, telecommunication, and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Key players operating in the global FRAM industry include Texas Instruments, Rohm Co., Ltd, Fujitsu Ltd, Cypress Semiconductor Corp, IBM, Infineon, Toshiba Corporation,LAPIS Semiconductor Co. Ltd, Celis Semiconductor Corp. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global FRAM market.
COVID-19 Impact Analysis
FRAM modules used in electrical equipment are mostly produced in China. COVID-19's spread from China has had a significant impact on both industries. The pandemic's fast spread has resulted in lockdowns in a number of nations, causing industrial factories to close and supply chain operations to be disrupted. The decline in the manufacturing of new auto products, cars, and electronic gadgets has had a significant impact on industry growth and, as a result, market growth.
Furthermore, the rise in adoption of FRAM-based smart meters has driven the FRAM market growth. However, reduced energy use in commercial and industrial sectors, as well as cancellation or postponement of international events and concerts, has resulted in a significant reduction in electricity use, which has had a negative impact on demand for smart meters and, as a result, on the industry. The COVID-19 pandemic has disrupted smart meter installation, which delayed smart meter adoption and, as a result, hindered the growth of the industry.
Top Impacting factors
FRAM is has gained popularity in a broad range of industries, including IT and telecommunications, as well as the car industry, due to its advantages such as, lower power consumption, higher read-and-write endurance, and quick write performance over flash memory. The worldwide FRAM market is expected to grow as an outcome. It is a cost-effective alternative to electrically volatile memory. During the evaluation period, the efficacy of FRAM run data logging applications at a lower cost of power is expected to boost the worldwide FRAM market.
New Product Launches to Flourish the Market
Excelon TM Ferroelectric Random-Access Memory, introduced in July 2019 by Cypress Semiconductor Corporation, is a new family of serial non-volatile memories with high-speed, non-volatile data logging that prevents data loss in harsh automotive and industrial environments as well as extreme temperatures. Fujitsu stated in July 2019 that the 8Mbit ReRAM MB85AS8MT, with the world's highest density, is expected to be available as a mass-produced ReRAM product. It is perfect for battery-powered tiny wearables like hearing aids, smartwatches, and smart bands.
Surge in Usage in Electronics Industry
Due to rapid advancements in electronic portable devices such as personal digital assistants, media players, gaming consoles, laptops, media players, navigation systems, power banks, digital cameras, and healthcare devices, FRAM is likely to see strong demand in the near future. Another reason that drives the demand for ferroelectric RAM is the growth in requirement for rapid memory operations in security systems and smart card applications. Furthermore, ferroelectric RAM is a new technology with a lot of promise due to its advantages over traditional memory. As a result, ferroelectric RAM providers are progressively engaged in ferroelectric RAM R&D.
Key Benefits of the Report
- This study presents the analytical depiction of the FRAM market industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the FRAM market share.
- The current market is quantitatively analyzed to highlight the growth scenario of the FRAM market Forecast.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers in the market.
- The report provides a detailed FRAM market analysis based on competitive intensity and how the competition will take shape in coming years
Questions Answered in FRAM Market Research Report
- Which are the leading players active in the FRAM market size?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the FRAM market trends?
- What are the projections for the future would help in taking further strategic steps?
- What is FRAM?
- What does a FRAM allow organizations to achieve?
- Which technologies combine to make FRAM a critical organizational asset?
- What are the key benefits of the FRAM market report?
- Which niches should companies associated with recent improvements establish a presence in?
FRAM Market Report Highlights
By Product Type
Key Market Players
Laird Technologies, Inc., Antenova Ltd., TriQuint Semiconductor, ActivAirTech, Inc., Anaren, Inc., Ralec Electronic Co., Ltd., Tamura Corporation, Honeywell International, Inc., Toko, Inc., Pulse Electronics Corporation