Market Overview
According to MRFR Analysis, Global FRAM Market size is set to grow at a CAGR of 3.78%, estimated to reach USD 343.2 million by 2027.
Ferroelectric random-access memory is the name given to the technology. To function, it relies on a ferroelectric film. Low-voltage operation is no problem for FRAM, which is not affected by environmental fluctuations.
Many businesses in many sectors and industries are looking for energy-efficient gadgets to record a wide range of actions. The FRAM Market is benefiting greatly from this development. An increasing number of sectors are using FRAM taping technology. In addition to automobiles and IT, they include telecommunications.
FRAM devices are being viewed as a potential substitute to memory capturing technologies that are incredibly responsive and sensitive to even the tiniest fluctuations in electrical power. Data may be stored more efficiently and effectively using FRAM recording flash memory. For the firms who utilize them, this results in tangible savings in the form of money. The FRAM industry is likely to see genuine development in the coming years because of the 2nd most crucial growth factor: price.
There was a significant drop in memory device output due to COVID-19. As a result, several businesses have delayed the adoption of smart meters by several businesses, which has hindered development in the FRAM Market. Many firms have also canceled large-scale events and festivals that depend on FRAM memory recording equipment for their recording. Public meetings were avoided to the greatest extent feasible since it was thought that this would increase difficulty with social distance and hence the propagation of the COVID-19 infection.
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Regional Classification
The Asia Pacific area is expected to maintain its position as the world's leading producer of FRAM. More than $114.5 million was spent in 2018 in the area. According to revenue generated by the FRAM market, North America is ranked second internationally. Several significant companies and well-established end-user sectors operate in the area, which has helped fuel demand for the market. Moreover, the widespread use of and advancements in storage systems contribute to the expansion of the regional industry.
The market value of FRAM is increasing at a rapid pace throughout Europe. The increasing number of firms and technological advancements contribute to the market's expansion. Germany, Italy, France, and the United Kingdom are the largest donors to expanding the regional market.
Industry News
It was released in July 2019 by Cypress Semiconductor Corporation as a growing family of sequential nonvolatile devices with high-speed nonvolatile data recording that eliminates data loss in severe aerospace and automobile industries and extreme weather conditions.
Key Players:
Texas Instruments (United states), Cypress Semiconductor Corp., Rohm Co., Ltd., and Fujitsu Ltd. (US)
Introduction:
In the era of digitalization and the Internet of Things (IoT), the demand for non-volatile memory technologies is continuously increasing. One such innovative technology that has gained significant attention is Ferroelectric Random Access Memory (FRAM). With its unique combination of high-speed operation, low power consumption, and non-volatility, FRAM has positioned itself as a promising alternative to conventional memory technologies.
The Advantages of FRAM:
FRAM offers several distinct advantages over traditional memory technologies. Firstly, FRAM provides fast read and write operations, allowing for rapid data access. This feature makes it ideal for applications that require quick response times, such as smart cards, industrial automation, and automotive systems.
Secondly, FRAM boasts low power consumption, making it suitable for battery-operated devices. Compared to other non-volatile memory technologies like Flash and EEPROM, FRAM requires significantly less energy to perform read and write operations. This energy efficiency enhances the battery life of devices and reduces overall power consumption.
Furthermore, FRAM offers non-volatility, meaning it retains stored data even when the power supply is disconnected. This feature is vital for applications where data integrity is critical, such as data loggers, wearable devices, and IoT sensors.
Emerging Trends in the FRAM Market:
- IoT and Smart Devices: The rapid proliferation of IoT and smart devices is a major driving force behind the growth of the FRAM market. FRAM's unique combination of high-speed operation, low power consumption, and non-volatility makes it an ideal memory technology for IoT devices. These devices require efficient and reliable memory solutions to handle massive amounts of data generated by sensors and connected devices.
- Automotive Electronics: The automotive industry is increasingly relying on advanced electronics for various applications, including infotainment systems, advanced driver-assistance systems (ADAS), and autonomous driving. FRAM's fast read and write speeds, low power consumption, and resistance to extreme temperatures make it an excellent choice for automotive memory applications, improving performance and reliability.
- Smart Cards and RFID: FRAM's high-speed operation and non-volatility make it a suitable memory technology for smart cards and radio-frequency identification (RFID) systems. FRAM-based smart cards offer faster transaction times and enhanced security compared to traditional memory technologies. In the retail sector, FRAM-enabled RFID tags provide efficient inventory management and real-time tracking capabilities.
Exciting Opportunities in the FRAM Market:
- Energy Harvesting: FRAM's low power consumption makes it an ideal memory solution for energy harvesting applications. Energy harvesting technologies, such as solar panels and kinetic energy harvesters, can power FRAM-based systems without relying on traditional energy sources. This opens up new possibilities for remote monitoring, environmental sensors, and wearable devices in off-grid or hard-to-reach areas.
- Aerospace and Defense: The aerospace and defense sectors require rugged and reliable memory solutions for critical applications. FRAM's non-volatility and resistance to extreme temperatures, radiation, and vibration make it an attractive choice for these industries. FRAM can enhance data storage and retrieval in aircraft black boxes, military communications, and satellite systems.
- Medical Devices: Medical devices, such as implantable devices, wearable health monitors, and patient monitoring systems, demand low power consumption, high reliability, and data retention. FRAM's unique characteristics address these requirements, enabling advanced medical applications that improve patient care, diagnostics, and remote monitoring.
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Conclusion:
As the demand for faster, more efficient, and reliable memory technologies continues to grow, FRAM has emerged as a compelling solution in various industries. With its distinct advantages of high-speed operation, low power consumption, and non-volatility, FRAM is well-positioned to meet the evolving needs of IoT, automotive, smart cards, energy harvesting, aerospace, defense, and medical device applications. The opportunities in the FRAM market are vast, and companies investing in this technology are likely to reap the benefits of its innovative features and expanding market demand.
