DUBLIN--(BUSINESS WIRE)--The "Global SRAM and ROM Design IP Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The global SRAM Design IP market was valued at USD 192.96 million in 2019, and it is expected to reach USD 198.95 million by 2025, registering a CAGR of 0.87% and the global ROM Design IP market was valued at USD 43.32 million in 2019, and it is expected to reach USD 45.80 million by 2025, registering a CAGR of 2.29%, during the period of 2020-2025.
Fast data volume growth and increasing preference for online content have encouraged storage producers to innovate continually. The demand for electronics components in the consumer electronics segment and microcontrollers, embedded systems, programmable devices, and application-specific ICs in the industrial and scientific sector, automotive industry, continues to escalate the SRAM market.
SRAM vendors are investing significantly to develop more efficient forms of SRAM technologies. For instance, OEM manufacturers are integrating more compact types of technologies in their product offerings and demanding small SRAM modules for their respective product offerings. For instance, as of December 2019, the Vision FPGA System on Module (SoM) by TinyVision.ai offered low-power computer vision and on-device machine learning in a compact package. The board is based upon Lattice iCE40UP5k FPGA, with 4Mb qSPI flash and 64Mb qSPI SRAM.
ROM type of semiconductor memory technology is mainly used for storing programs and data that must survive even if a computer or processor is powered down. In recent years, the ROM memory is being increasingly replaced by flash memory. In general, maximum ROM memory capacity is lagging behind the flash memory (4-8 times), and in many of the original applications, ROM is replaced by flash memory, which experienced a significantly high growth in both capacity and market volume.
However, the growing advancement in the EEPROM segment, especially in 2019, and emerging various new applications for microcontrollers, are some of the significant factors providing support to the ROM design IP market. Product innovations, in 2019, such as EEPROM memory chips, developed by semiconductor vendors for IoT and wireless applications in the medical, utility, and various other end-user industries, are expected to expand the scope of ROM design IP.
For instance, in November 2019, STMicroelectronics launched its new generation of EEPROM memory chips for wireless and IoT applications. Microchip Technology's subsidiary Atmel's family of EEPROM chips are SPI compatible, offer max write cycles of 5ms and data retention of 100 years. These chips provide 4,096 bits of serial EEPROM and 8-byte page write. In July 2019, Europe-based NXP also launched a 4Mbit serial EEPROM that offers WLCSP like the M95M04-DR.
Key Market Trends
Increasing Demand For Enterprise Storage Applications to Drive the Growth for MRAM
- Enterprise storage is witnessing significant growth in demand, due to the rise in IoT, AI, and big data applications. The introduction of advanced wireless networks, such as 5G, is expected to further increase the demand in the data center as well as the edge. The current enterprise storage hardware market is dominated by prominent vendors, such as HPE, Dell EMC, and NetApp, which sell traditional storage arrays, along with all-flash options, software-defined solutions (SDS), and hyperconverged infrastructure (HCI).
- Businesses are expected to register double-digit growth in the next two years, and by 2022, an additional 20% of the companies plan to use cloud storage infrastructure, due to an increase in the demand for high-capacity hard disk drives, all-flash storage, and cloud services, according to Spiceworks. A large share of the enterprise storage demand is driven by cloud storage, and the adoption of cloud storage in the enterprise sector is expected to witness exponential growth over the forecast period. According to Spiceworks, about 39% of the businesses use cloud storage infrastructure and over 20% of the enterprises plan to do so by 2022.
- As the price of all-flash storage is falling, the demand for high-performance solutions is increasing. Currently, about 18% of the enterprises use all-flash storage arrays, and in addition, 14% are planning to move to the all-flash array.
- Such developments and the proliferation of the existing storage technologies, such as HDDs and SSDs, are expected to boost the market demand. However, recently, eNVM witnessed an increased roll-out. Some NVMe-oF solutions are becoming hybrid flash and HDD-based systems, which are increasingly using three bit per cell and four bit per cell NAND for high-density flash memory applications, according to Forbes.
Competitive Landscape
The global SRAM and ROM Design IP market are moderately fragmented. Players in the market are innovating their offering according to the technological trends and latest developments. Moreover, they focus on strategic collaboration to increase their market share.
Companies Mentioned
- Xilinx Inc.
- Dolphin Technology Inc.
- Arm Holdings
- TekStart LLC
- Renesas Electronics Corporation
- Surecore Ltd.
- eMemory Technology, Inc.
- Dolphin Design SAS
- Verisilicon Holdings Co. Ltd.
- Mentor Graphics Corporation
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