Published Date: 24-Jun-2021
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According to a new report Global Embedded Multimedia Card (eMMC) Market, published by KBV research, The Global Embedded Multimedia Card (eMMC) Market size is expected to reach $11.8 billion by 2027, rising at a market growth of 3.5% CAGR during the forecast period.
The major factor that is boosting the growth of the embedded multimedia card (eMMC) market share is the growing adoption of embedded multimedia cards (eMMCs) in the automotive industry. The increasing demand for integrated memory in mobile computing devices is also acting as a driving factor for the embedded multimedia card (eMMC) market growth. The aerospace & defense vertical is among the high growth segment during the forecast period. The increasing need for the data protection and security of sensitive information technologies resulted in the increased demand for eMMCs in this sector.
The 32GB–64GB market dominated the Global Embedded Multimedia Card (eMMC) Market by Density 2020, thereby, achieving a market value of $5,337.1 million by 2027. The 128GB-256GB market would showcase promising growth rate during the forecast period. Additionally, The 8GB–16GB market is expected to witness a CAGR of 4% during (2021 - 2027).
The Asia Pacific market dominated the Global Embedded Multimedia Card (eMMC) Market by Region 2020, growing at a CAGR of 3.5 % during the forecast period. The Europe market is experiencing a CAGR of 3.1% during (2021 - 2027). Additionally, The North America market is showcasing a CAGR of 3.3% during (2021 - 2027).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Samsung Electronics Co., Ltd. (Samsung Group), Toshiba Corporation, Western Digital Corporation, Kingston Technology Company, Inc., Greenliant Systems, Inc., Micron Technology, Inc., Phison Electronics Corporation, Silicon Motion Technology Corporation, SK Hynix, Inc., and Transcend Information, Inc.
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