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Ferroelectric RAM Market to Grow at a CAGR of 4.7% from 2023 to 2031, Reaching US$ 601.3 billion: As per TMR Study

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Wilmington, Delaware, United States, April 25, 2023 (GLOBE NEWSWIRE) — Transparency Market Research Inc. – The global ferroelectric RAM market stood at US$ 401.7 million in 2022 and the global market is projected to reach US$ 601.3 million by 2031. The global industry is anticipated to expand at a CAGR of 4.7% between 2023 and 2031.

Sales of ferroelectric RAM are increasing due to the rising demand for High-Endurance Non-Volatile Memory. FRAM is a high-endurance non-volatile memory that can withstand a large number of read-write cycles, making it ideal for applications that require frequent data updates. With the increasing demand for high-endurance non-volatile memory, such as in the automotive industry, FRAM is expected to see increased adoption.

The increasing adoption in IoT Devices is a major factor that is also expected to accelerate market growth in the near future. IoT devices require low-power, high-performance memory technology, and FRAM is ideal for this purpose. With the increasing adoption of IoT devices, the demand for FRAM is also expected to grow.

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The expanding automotive electronics market is leading to the extensive application of ferroelectric RAM components. The automotive electronics market is growing rapidly, driven by the increasing adoption of electric vehicles and the need for advanced driver assistance systems (ADAS). FRAM is well-suited for applications in the automotive industry due to its high-endurance, low-power, and fast-write capabilities.

The advancements in FRAM technology have created new opportunities for the Ferroelectric RAM industry. Advancements in FRAM technology, such as the development of higher-density FRAM chips and the integration of FRAM with other semiconductor technologies, are expected to drive the growth of the FRAM market. These advancements will enable FRAM to be used in a wider range of applications, including those that require high-density memory.

Market Snapshot:

 Report Coverage  Details
 Market Revenue  USD 401.7 Mn
 Estimated Value  USD 601.3 Bn
 Growth Rate – CAGR  4.7%  
 Forecast Period  2023–2031
 No. of Pages  178 Pages
 Market Segmentation  Interface Type, Memory Density, Package, Application, End-use Industry
 Regions Covered  North America, Europe, Asia Pacific, Middle East & Africa, South America
 Companies Covered  Cypress Semiconductor Corporation, Fujitsu Limited (Furukawa Group), Infineon Technologies AG, LAPIS Semiconductor Co., Ltd. (Rohm Semiconductor), Ramtron International, Samsung Electronics Co., Ltd., SK Hynix Inc., Symetrix Corporation, Texas Instruments Incorporated, Toshiba Corporation

Key Findings of the Market Report

  • On the basis of interface type, parallel interface is likely to be most preferred, expected to expand at share of 55.3%, attributed to the factors such as high data transfer speed, which is important in applications such as gaming, video streaming, and graphics processing.
  • Based on density segment, the 2MB – 8MB segment holds the highest market share, attributed to the increasing demand for memory-dense applications such as automotive, industrial automation, and smart grids.
  • By application, the advanced driver assistance system (ADAS) segment is expected to boost the growth of the FRAM market, attributed to the demand for ADAS systems is increasing due to the rising focus on vehicle safety and the need for advanced features in modern vehicles.

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Global Ferroelectric RAM Market: Growth Drivers

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  • The global ferroelectric RAM market is projected to expand at a steady pace from 2023 to 2031, due to the growing need for secure memory.
  • Another factor that is projected to augment the market growth includes the rapid growth in smart grid infrastructure.
  • Additionally, the increasing demand for cloud computing, as well as advancements in artificial intelligence (AI) and machine learning (ML), are other major factors that are anticipated to fuel the market prospects

Global Ferroelectric RAM Market: Regional Landscape

  • Asia Pacific is expected to dominate the Ferroelectric RAM market during the forecast period.
  • The regional market is witnessing an increase, due to the factors such as increasing demand for consumer electronics in the region, as well as advancements in industrial automation.
  • Growing automotive industry in the region, as well as government support are anticipated to escalate the growth of the regional market over the analysis period.

Global Ferroelectric RAM Market: Key Players

Some of the key market players in the global Ferroelectric RAM market are:

  • Cypress Semiconductor Corporation
  • Fujitsu Limited (Furukawa Group)
  • Infineon Technologies AG
  • LAPIS Semiconductor Co., Ltd. (Rohm Semiconductor)
  • Ramtron International
  • Samsung Electronics Co., Ltd.
  • SK Hynix Inc.
  • Symetrix Corporation
  • Texas Instruments Incorporated
  • Toshiba Corporation

Competitive Landscape

Prominent players in the Ferroelectric RAM industry are taking advantage of the rapidly increasing demand for Ferroelectric RAM. To further their outreach, players are relying on collaborations, partnerships and acquisitions with existing small, medium and large-scale providers. Some prominent market developments are as follows:

  • In 2021, Cypress Semiconductor introduced a new family of high-density FRAM memory products for use in industrial and automotive applications.
  • In the same year, Fujitsu Semiconductor announced the development of a new FRAM technology that achieves higher density and faster write speeds compared to existing FRAM products.

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Global Ferroelectric RAM Market: Segmentation

Interface Type

  • Serial
  • Parallel

Memory Density

  • Up to 16Kb
  • 32Kb – 128Kb
  • 256Kb – 1Mb
  • 2Mb – 8Mb
  • Above 8Mb

Package

  • BGA
  • QFN
  • SOIC
  • Others (SOP, DFN, etc.)

Application

  • Advanced Driver Assistance System (ADAS)
  • Battery Management System (BMS)
  • Wearable Device
  • Base Station Equipment
  • Customer Premise Equipment (CPE)
  • Robot
  • CT Scan
  • Smart Utility Meter
  • Others (Elevator, Solar Panel, etc.)

End-use Industry

  • Automotive
  • Consumer Electronics
  • Industrial
  • IT and Telecommunication
  • Energy and Utility
  • Healthcare
  • Others (Oil and Gas, Mining, etc.)

Regions

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

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Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact:

Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
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Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
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Xinhua Silk Road: E China’s Changzhou City unveils investment opportunities in sectors of new productive forces for global investors

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BEIJING, Sept. 29, 2024 /PRNewswire/ — Changzhou City, an leading international smart manufacturing base located in east China’s Jiangsu Province, has released a bunch of investment investment opportunities to global investors in various sectors of new productive forces at the the 2024 New Energy Industry Development Conference & Invest in Changzhou Conference held in the city on September 19.

The investment opportunities covers nine areas including synthetic biology, low-altitude economy, intelligent connected new energy vehicles, solid-state batteries, hydrogen energy, third-generation semiconductors, and artificial intelligence, manifesting the confidence of Changzhou in further opening development. 
Changzhou, seated in the axis of the Yangtze River Delta, has become an important base for advanced manufacturing in China.
In recent years, thanks to intensified efforts in developing new energy industry and fostering new quality productive forces, Changzhou has expanded the added value of its industrial sector to more than two trillion yuan, with manufacturing added value accounting for about 43 percent, both ranking among the top three in Jiangsu Province.
In the Hurun China New Energy Cities 2024, a list released by the Hurun Research Institute at the conference, Changzhou ranked first among other cities in the country for three consecutive years in terms of investment attractiveness and concentration.
Changzhou has accumulated a total of 10.59 billion US dollars (nearly 74.25 billion yuan) in terms of actually utilized foreign capital since 2020. Major projects such as soft magnetism of ArcelorMittal and medical device of BIOS, a Hong Kong-based company, have been launched during the conference. 
In addition, Changzhou has released a multilingual guide for foreign nationals in Changzhou at the conference, which includes practical service items in stay and residence, work, convenient payment options, among others, turning the city into a more open and international place.
Original link: https://en.imsilkroad.com/p/342380.html
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CGTN: China honors individuals with highest awards in celebration of 75th National Day

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BEIJING, Sept. 29, 2024 /PRNewswire/ — Huang Zongde enlisted in the Chinese People’s Liberation Army at the age of 17, beginning a nearly four-decade-long military career where his bravery, valor and devotion earned him countless awards and honors.

The heavily decorated 93-year-old received the highest state honor on Sunday when Chinese President Xi Jinping conferred him with the Medal of the Republic at a ceremony in the Great Hall of the People in Beijing.
China awarded national medals and national honorary titles to 15 individuals, including Huang, in recognition of their contribution and achievement as it celebrates the 75th anniversary of the founding of the People’s Republic of China, which falls on October 1.
Chinese heroes and role models
In addition to Huang, three others were awarded the Medal of the Republic. Wang Yongzhi, a missile and rocket expert and a pioneer of China’s manned space program, was honored posthumously. Wang Zhenyi, a medical scientist known for breakthroughs in leukemia treatment, and Li Zhensheng, an expert in wheat breeding, are also among the honorees.
The national honorary titles went to 10 people, including scientists, a border patrolman, an artist, a craftsman, educators, a health worker, an economist and an athlete.
Addressing Sunday’s awarding ceremony, President Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, called on the Chinese people to learn from heroes and role models to form a mighty force to build a strong China.
China is in a crucial period for building a great modern socialist country in all respects and achieving national rejuvenation through Chinese modernization, he said.
Encouraging the Chinese people to strive for extraordinary achievements at ordinary job posts, Xi urged them to contribute to resolving challenges to development and reform and safeguarding social harmony and stability.
China’s old friends and good friends
As its highest state honor for foreigners, China awarded the Friendship Medal to Dilma Rousseff, president of the New Development Bank and former Brazilian president, for her commitment to the friendship between China and Brazil, and development of relationship between China and the Community of Latin American and Caribbean States, and cooperation among BRICS countries, a group of major emerging economies.
Accepting the honor at the ceremony, Rousseff said the medal symbolizes the strong bonds between Brazil and China and pledged to continue her unremitting efforts to promote the friendship.
China’s achievements over the decades, including economic transformation, technological innovation and remarkable social development, have made it a beacon and a source of inspiration for the world, she said.
Xi lauded Rousseff as an outstanding representative of China’s old friends and good friends who have shared the same aspirations and stood together with the Chinese people over the past 75 years and vowed that China will never forget such international friends.
The Chinese people are ready to join hands with people from all over the world to safeguard world peace, promote common development and advance the building of a community with a shared future for mankind to create a better future for humanity, he said.
https://news.cgtn.com/news/2024-09-29/China-honors-individuals-with-highest-awards-ahead-of-National-Day-1xhS1SaZeZa/p.html
 

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Kazakhstan Government Delegation Visited SUPCON

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HANGZHOU, China, Sept. 29, 2024 /PRNewswire/ — On September 26, a delegation from the Ministry of Digital Development, Innovations and Aerospace Industry of the Republic of Kazakhstan, led by Minister Madiyev Zhaslan, visited SUPCON. SUPCON’s Chairman and President, Mr.Cui Shan, warmly welcomed the delegation.

The Kazakhstan government representatives expressed their appreciation and recognition of SUPCON’s expertise and innovation in intelligent manufacturing, digital transformation, and industrial AI.
Madiyev Zhaslan expressed a strong interest in industrial AI technologies of SUPCON, particularly their applications in intelligent and low-carbon facilities. He looks forward to exploring extensive collaboration with SUPCON across various sectors in Kazakhstan.
Cui Shan emphasized that as a leading industrial AI company with a global presence, SUPCON will leverage its technological advantages to meet Kazakhstan’s industry development requirements and trends, injecting new momentum into the country’s industrial digitalization.
In 2023, SUPCON established a subsidiary in Kazakhstan as its Central Asia regional headquarters and set up a localized operational system. SUPCON will continue to invest in the long-term development of the Central Asia region, contributing further wisdom and strength to the industrial digital transformation in Kazakhstan and beyond.
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