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Ultra-low Power Memory Market

Ultra-low Power Memory Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031

Ultra-low Power Memory Market: Introduction

  • Ultra-low power memory provides solutions for non-volatile needs of battery operated and energy harvesting applications. The device is designed for low possible power operation for data transfer, power-down, and read/write function.  The ultra-low power memory is used in a wide range of applications such as wearable, autonomous devices, security, multi-tasking, and IoT.
  • Ultra-low power memory has the ability to perform read and write function at 50- 100 times lower power than other memory products. These memory devices are suited for energy harvesting applications which rely on energy generation sources such as thermal energy, wind energy, salinity gradients, and ambient scavenging.

Increasing adoption of low power consumption devices

  • Increasing adoption of ultra-low power memory in consumer electronics such as laptops, smartphones, gaming devices, smart home devices, and appliances is being seen. Manufacturers are focusing on devices which consume lower power due to the shrinking size of electronic components, thus leading to rising production of ultra-low power memory devices.
  • In addition, technological developments are being undertaken by manufacturers of ultra-low power memory devices. For instance, in 2019, Renseas Electronics Corporation developed low-power technology for use in embedded flash memory. This new embedded flash memory achieves read energy as low as 0.22 Pico joules per bit at the operating frequency of 64 MHz.

Increasing usage of home automation systems

  • Internet of Things is being used increasingly for smart homes. Thus, traditional and proven home automation standards such as KNX are integrated into more solutions and applications.  Home automation gets integrated with energy management and hence ultra-low power memory is being used in smart appliances.
  • However, design complexities in high speed and power critical applications, and low penetration of ultra-low power memory as compared to high and low power microcontroller is hampering the market growth.

Asia Pacific to lead the ultra-low power memory market

  • In terms of region, the global ultra-low power memory market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa
  • The ultra-low power memory market in Asia Pacific is anticipated to expand at the maximum CAGR during the forecast period.
  • This growth is attributed to increasing demand for consumer electronics and automobiles, growing population, penetration of home appliances, and growing industrial IoT. These factors are expected to increase the demand for ultra-low power memory.
  • The ultra-low power memory market in North America, South America, and Europe is expected to show high growth due to significant investment in research and development by manufacturers for consumer electronics.
  • The market in Middle East & Africa is likely to show slow growth due to lack of presence of manufacturers of ultra-low power memory and low investment in research and development.

Key Players in the Global Market

The global ultra-low power memory market is highly fragmented. Prominent players operating in the global market are focusing on product launch and technological developments to meet the growing demand.

Key players operating in the global ultra-low power memory market include:

  • On Semiconductor
  • Renseas
  • Microchip Technology Inc.
  • STMicroelectronics
  • Cypress Semiconductor Corporation

Global Ultra-low Power Memory Market: Research Scope

Global Ultra-low Power Memory, by Application

  • Wearables
  • Smart Devices
  • Security
  • Multi-Tasking
  • IoT

Global Ultra-low Power Memory Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Mexico
    • Rest of South America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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