Embedded Non Volatile Memory Market Report 2025

The embedded non volatile memory market size has grown rapidly in recent years. It will grow from $3.32 billion in 2024 to $3.75 billion in 2025 at a compound annual growth rate (CAGR) of 12.8%. The growth during the historic period can be attributed to the increasing demand for energy-efficient devices, the rising adoption of Internet of Things (IoT) applications, growing use in consumer electronics, expansion of the automotive electronics sector, and rising demand for smart city infrastructure.

The embedded non volatile memory market size is expected to see rapid growth in the next few years. It will grow to $5.99 billion in 2029 at a compound annual growth rate (CAGR) of 12.5%. The growth expected in the forecast period can be attributed to the growing need for data security and integrity, increased government initiatives and investments, rising adoption of advanced driver-assistance systems (ADAS), growing demand for high-performance memory solutions, and increasing use of wearable devices. Key trends during this period include advancements in semiconductor manufacturing techniques, innovations in memory architectures, developments in foundry services and strategic partnerships, improvements in memory density and speed, and progress in hybrid memory system technologies.

The rise in electronics manufacturing is driving the growth of the embedded non-volatile memory market. Electronics manufacturing involves the production of electronic components and devices, including the assembly of circuit boards, semiconductors, and integrated systems. This growth is being fueled by the global shift toward digitalization, which increases demand for smart, connected, and automated devices across multiple industries. Embedded non-volatile memory plays a critical role in this sector by providing reliable, compact, and energy-efficient data storage integrated directly into chips, essential for devices such as IoT systems, automotive electronics, and smart appliances. For example, in May 2023, the Japan Electronics and Information Technology Industries Association reported that Japan's consumer electronic equipment production reached $218.31 million (32,099 million yen), a 127% increase from May 2022. This surge in electronics manufacturing is contributing to the expansion of the embedded non-volatile memory market.

Major companies in the embedded non-volatile memory (NVM) market are advancing technologies such as resistive random-access memory (ReRAM) to deliver faster, more energy-efficient, and highly reliable memory solutions for system-on-chip (SoC) applications. ReRAM is a type of non-volatile memory that stores data by altering the resistance of a material, providing fast performance, low power consumption, and durability for a wide range of electronic devices. For example, in March 2023, Weebit Nano Limited, an Israel-based semiconductor IP company, in collaboration with SkyWater Technology, a US-based semiconductor manufacturer, launched its first embedded non-volatile memory module. This module features ultra-low power consumption, high write endurance of up to 100,000 cycles, fast access and programming speeds, and strong resistance to radiation and electromagnetic interference. Its secure, modular architecture makes it especially suitable for analog and mixed-signal designs, as well as applications in IoT, automotive, industrial, and medical SoCs.

In February 2023, GlobalFoundries Inc., a US-based provider of advanced semiconductor manufacturing services and solutions, acquired the non-volatile resistive RAM (RRAM) technology from Renesas Electronics Corporation for an undisclosed amount. This acquisition was aimed at strengthening GlobalFoundries’ embedded non-volatile memory (eNVM) capabilities, particularly for low-power Internet of Things (IoT) and 5G applications. Renesas, a Japan-based company, specializes in microcontrollers, analog and power devices, and embedded systems used across automotive, industrial, and IoT sectors.

Major players in the embedded non volatile memory market are Samsung Electronics Co. Ltd., Taiwan Semiconductor Manufacturing Company Limited, Intel Corporation, Fujitsu Ltd., SK Hynix Inc., Infineon Technologies AG, STMicroelectronics N.V, Micron Technology Inc., GlobalFoundries Inc., Western Digital Technologies Inc., Rohm Co. Ltd., Winbond Electronics Corporation, HHGrace Co. Ltd., Tower Semiconductor Ltd., eMemory Technology Inc., Everspin Technologies Inc., Macronix International Co. Ltd., Avalanche Technology Inc., Weebit Nano Ltd., Floadia Corporation.

Asia-Pacific was the largest region in the embedded non volatile memory market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in embedded non-volatile memory report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the embedded non-volatile memory market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid rise in U.S. tariffs and the subsequent trade frictions in spring 2025 are having a major impact on the electrical and electronics sector, with semiconductors, display panels, and rare-earth metals (essential for batteries and motors) subject to steep duties. Consumer electronics brands face profit erosion, as competitive markets limit their ability to pass costs to buyers. Industrial electronics manufacturers, meanwhile, grapple with delayed projects due to shortages of tariff-impacted components like printed circuit boards. Companies are responding by relocating assembly to tariff-exempt countries, increasing inventory buffers, and redesigning products to reduce dependency on restricted materials.

Embedded non-volatile memory is a type of semiconductor memory built directly into electronic devices and systems, designed to retain data even when power is turned off. It is essential for storing firmware, configuration settings, and critical system information that must remain intact without a constant power supply.

The main types of embedded non-volatile memory include flash memory, electrically erasable programmable read-only memory (EEPROM), ferroelectric random access memory (FeRAM), resistive random access memory (ReRAM), phase change memory (PCM), and others. Flash memory, for example, is widely used for its ability to reliably retain data without power. These memory types are available in different wafer sizes, such as less than 100 mm and greater than 100 mm, and serve a range of applications including smartphones, wearables, smart TVs, advanced driver assistance systems (ADAS), infotainment systems, networking equipment, smart home devices, industrial sensors, and medical appliances. Key end-use industries include consumer electronics, automotive, industrial, healthcare, aerospace and defense, communication, and others.

The embedded non-volatile memory market research report is one of a series of new reports that provides embedded non-volatile memory market statistics, including the embedded non-volatile memory industry global market size, regional shares, competitors with the embedded non-volatile memory market share, detailed embedded non-volatile memory market segments, market trends, and opportunities, and any further data you may need to thrive in the embedded non-volatile memory industry. This embedded non-volatile memory market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The embedded non-volatile memory market consists of revenues earned by entities by services such as memory design and development, system integration, firmware optimization, testing and validation, and after-sales technical support. The market value includes the value of related goods sold by the service provider or included within the service offering. The embedded non-volatile memory market also includes sales of magnetoresistive random access memory (MRAM), spin transfer torque memory (STT-MRAM), nitride flash memory, polymer memory, and conductive bridge random access memory (CBRAM). Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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