Automotive eMMC Market size is predicted to reach $4.5 billion by 2031, growing at a CAGR of 3.2% during the forecast period 2024-2031 according to the latest market research report published by IndustryARC. Growing need for high-speed data transfer and storage solutions in modern vehicles and the growing focus on safety and security features is expected to propel the market growth, finds IndustryARC in its recent report, titled “Automotive eMMC Market Size, Share & Trends Analysis Report Automotive eMMC Market – by Capacity (Below 8GB,16GB – 32GB, 32GB – 64GB, Above 64GB), by Vehicle Type (Passenger Cars, Commercial Vehicles, Electric Vehicles, Hybrid Vehicles), by Application (Infotainment Systems, Telematics Systems, Advanced Driver Assistance Systems (ADAS), Autonomous Driving Systems, Instrument Clusters, Navigation System, Others), by End-Use (Original Equipment Manufacturers (OEMs), Aftermarket) By Region and Segment Forecasts, 2024–2031”
Request Sample Research Report: https://www.industryarc.com/pdfdownload.php?id=800283
APAC to Register Highest Growth:
The growing emphasis on safety and security features in vehicles has further fuelled the demand for eMMC in Asia Pacific. With advancements in autonomous driving technologies and the need for real-time data processing, eMMC offers a secure and high-performance storage solution for critical automotive applications.
For instance, in 2022, the Society of Indian Automobile Manufacturers reported a total production of 2,59,31,867 vehicles in India. This significant production figure reflects the growing demand for automobiles in the country. As the automotive industry continues to expand, it is expected to drive the demand for automotive eMMC technology, which plays a crucial role in enhancing the performance and functionality of vehicles.
Automotive eMMC Market 2024-2031: Segmentation
|
By Capacity |
· Below 8GB · 8GB – 16GB · 16GB – 32GB · 32GB – 64GB · Above 64GB |
|
By Vehicle Type |
· Passenger Cars · Commercial Vehicles · Trucks · Buses · Vans · Others · Electric Vehicles (EVs) · Hybrid Vehicles |
|
By Application |
· Infotainment Systems · Telematics Systems · Advanced Driver Assistance Systems (ADAS) · Autonomous Driving Systems · Instrument Clusters · Navigation System · Others |
|
By End-Use |
· Original Equipment Manufacturers (OEMs) · Aftermarket |
Get Access to Full Research Report:
https://www.industryarc.com/Research/automotive-emmc-market-research-800283
Automotive eMMC Market Report – Key Takeaways:
- Passenger vehicles segment is to Hold the Highest Market Share
Manufacturers of passenger vehicles are incorporating eMMC technology to improve user experiences, speed data processing, and provide seamless multimedia performance. This trend emphasizes the critical significance of eMMC in influencing the future of automotive innovation, with passenger cars contributing a significant portion of industry growth. Additionally, American Automobile Association, 2022 in China witnessed a significant year-on-year increase of 13.7% in the sales volume of passenger vehicles, reaching a total of 19.22 million units. As modern automobiles increasingly rely on electronic systems for infotainment, navigation, and networking, the demand for dependable and high-speed data storage solutions such as eMMC has increased.
- ADAS Segment is to Fastest Growth
The growing demand for increased regulation norms for safety and environmental reasons is currently driving companies to experience a surge in demand for mandatory features in cars. Additionally, the European Investment Bank allocates $29.5 million to Spanish group ZANINI, boosting automotive RDI in Barcelona. The investments will be implemented over four years and are expected to be completed by 2023. These investments, with a focus on increased output, the development of a new factory, breakthroughs in self-driving technology, and improved facilities, are expected to propel the automotive industry forward. This advancement corresponds to the increasing importance of ADAS (Advanced Driver Assistance Systems) and the rapidly expanding market for eMMC technology.
- Europe is Leading the Market
With the increasing demand for advanced features and connectivity in vehicles, such as multimedia streaming, real-time navigation, and driver assistance systems, the need for reliable and high-capacity storage solutions like eMMC has grown significantly. eMMC offers fast read and write speeds, low power consumption, and high endurance, making it suitable for automotive applications that require efficient and robust storage solutions. Owing to this The European automotive market has recognized the benefits of eMMC and has been steadily incorporating it into various vehicle models.
- Expanding Commercial Vehicle Sector Fuels EMMC Market Growth
The commercial vehicle industry in India witnessed a significant growth in sales during the recent years, according to the Society of Indian Automobile Manufacturers, FY-2022-23. Overall, commercial vehicle sales increased from 7,16,566 to 9,62,468 units. Medium and Heavy Commercial Vehicles saw a rise from 2,40,577 to 3,59,003 units, while Light Commercial Vehicles increased from 4,75,989 to 6,03,465 units. One of the key factors behind this expansion is the increasing demand for commercial vehicle eMMC (embedded Multimedia Card) technology, which enables better storage and data transmission capabilities for vehicles, hence boosting their overall performance and functionality.
Purchase this Premium Report:
https://www.industryarc.com/purchasereport.php?id=800283
Key Opportunity Analysis:
Increased performance and bandwidth
eMMCs are crucial in improving energy efficiency in electric and hybrid vehicles. The ability of these cars to provide high-performance storage with lower power consumption directly contributes to optimizing these vehicles’ overall energy consumption. This increase in efficiency is consistent with the automotive industry’s goals of decreasing environmental impact and expanding the range of electric and hybrid vehicles.
Using eMMC to Access Real-Time Vehicle Insights
The use of eMMCs (embedded Multimedia Cards) makes vehicle data storage and processing much more efficient, resulting in numerous advantages. Real-time monitoring provides instant insight into the vehicle’s performance, allowing for preventive measures to be performed if any problems occur. Evaluation becomes more accurate, allowing for speedier problem diagnosis and solutions. Furthermore, eMMCs enable predictive maintenance, which uses data analysis to forecast and avoid probable failures, minimizing downtime and improving overall vehicle performance. The integration of eMMCs into vehicles transforms data management, delivering useful insights that improve both the vehicle’s reliability and the entire driving experience.
If you have any questions, please feel free to contact our experts at: https://www.industryarc.com/reports/request-quote?id=800283
The Report also Covers the Following Areas:
- Automotive eMMC Market Size and Forecast
- Automotive eMMC Market Trends
- Automotive eMMC Market Analysis by Product Type
Automotive eMMC Market 2024-2031: Key Highlights
- CAGR of the market during the forecast period 2024-2031
- Value Chain analysis of key stakeholders
- Detailed analysis of market drivers and opportunities during the forecast period
- Automotive eMMC Market Size Estimation and Forecast
- Analysis and predictions on end users’ behavior and upcoming trends
- Competitive landscape and Vendor market analysis including offerings, developments, and financials
- Comprehensive Analysis of Challenges and Constraints in the Automotive eMMC Market
Covid and Ukrainian Crisis Impact:
The COVID-19 pandemic has had a significant impact on the automotive eMMC market. Widespread production disruptions, stemming from plant closures, supply chain disruptions, and labor shortages, have resulted in a decrease in the availability of eMMC chips. These chips are critical for various automotive applications, including infotainment systems, telematics, and advanced driver-assistance systems (ADAS). Moreover, the shortage has caused increased prices for eMMC chips, placing pressure on automotive OEMs to either absorb the higher costs or pass them on to consumers.
The Ukrainian crisis could disrupt the semiconductor supply chain, affecting electronic component availability like eMMC. Ukraine’s semiconductor industry plays a vital role globally, and disruptions could impact manufacturing. This may lead to price fluctuations and uncertainty due to transportation costs and material scarcity. Moreover, geopolitical tensions can alter consumer sentiment, influencing demand for automotive eMMC and related products.
To Get a Customized Industry Analysis, Speak with our Research Analyst: https://connect.industryarc.com/lite/schedule-a-call-with-our-sales-expert
List of Key Market Players in Automotive eMMC Market:
The Global Automotive eMMC Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:
- Samsung Electronics
- Micron Technology
- SK Hynix
- Western Digital Corporation
- Silicon Motion Technology Corporation
- ATP Electronics
- PHISON Electronics
- Shenzhen Longsys Electronics
- Winbond Electronics
- KIOXIA Singapore Pte. Ltd.
- Winbond Electronics
- Alliance Memory
- Flexxon
- Toshiba Corporation
- Symmetry Electronics
Related Reports:
Embedded Multimedia Card Market – Embedded Multimedia Card Market is projected to grow at a CAGR of 5.5% from 2023 to 2030, The Embedded Multimedia Card (eMMC) market is driven by increasing demand for compact storage solutions in mobile devices, automotive electronics, IoT applications, and consumer electronics.
Blockchain In Automotive Market – The Blockchain In Automotive market is projected to grow at a CAGR of 6.1% during the forecast period from 2023 to 2030. Transparency, security, and efficiency in supply chains, data sharing, and autonomous vehicles propel blockchain adoption in the automotive market, enhancing trust and operational capabilities.
Automotive Artificial Intelligence Market – Automotive Artificial Intelligence Market size is growing at a CAGR of 4.2% during the forecast period. The advancement of autonomous technology, safety advancements, predictive maintenance, and personalized driving experiences are major factors fuelling growth in the Automotive AI market.
About IndustryARC™:
IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.
IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format which assists an intelligent and informed decision-making process.
Contact Us:
Mr. Venkat Reddy
IndustryARC
Email: [email protected]
USA: (+1) 518-282-4727
Web: https://www.industryarc.com
Follow us on: LinkedIn | Facebook | Twitter
Contact Information:
Mr. Venkat Reddy IndustryARC Email: [email protected] USA: (+1) 518-282-4727
Tags:
BNN, iCN Internal Distribution, Extended Distribution, Wire, Research Newswire, English