Portland, OR, June 21, 2021 (GLOBE NEWSWIRE) – According to the report published by Allied Market Research, the on-board multimedia cards (eMMC) market generated $ 9.30 billion in 2019 and is expected to bring in $ 11.53 billion by 2028, the registration of a 3.3% CAGR from 2021 to 2028.
The boom in the adoption of in-vehicle multimedia cards in the automotive industry, the increase in demand for electronic devices and the high demand for on-board memory in mobile computing devices have driven the growth of the global in-vehicle multimedia cards market. . However, the continuous development of technology and the evolution of new storage devices are hampering the growth of the market. On the contrary, the increased development of Chromebooks is expected to open up new opportunities for market players in the years to come.
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- The Covid-19 pandemic has severely affected the semiconductor and electronics industry, as the majority of electronic components are imported from China. The temporary shutdown of manufacturing units and rising prices for semiconductor components have affected the market.
- The reduction of various capital budgets and the delay of many planned projects have negatively impacted the eMMC market.
The global embedded media cards market is segmented on the basis of density, application, end user, and region.
On the basis of applications, the GPS systems segment held the lion’s share in 2019, accounting for around a third of the market. Additionally, the segment is expected to register the highest CAGR of 4.2% during the forecast period.
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On an end-user basis, the automotive segment dominated the market in 2019, contributing around a quarter of the market. Additionally, the segment is expected to exhibit the highest CAGR of 4.5% from 2021 to 2028.
The Global on-board multimedia cards (eMMC) market is analyzed in several regions such as North America, Europe, Asia-Pacific and LAMEA. The Asia-Pacific region market held the largest share in 2019, accounting for almost two-fifths of the market. However, the European market is expected to post the highest CAGR of 4.1% during the forecast period.
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The Global Embedded Multimedia Cards Market includes an in-depth analysis of major market players such as Samsung Electronics Co. Ltd., Western Digital Corporation, SK Hynix Inc., Phison Electronics Corporation, Greenliant Systems Inc., Kingston Technology Company Inc., Micron Technology, Inc., Silicon Motion Technology Corporation, Transcend Information, Inc. and Toshiba Corporation.
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Pawan Kumar, CEO of Allied Market Research, leads the organization towards delivering high quality data and information. We have professional relationships with various companies, which helps us extract market data which helps us generate accurate research data tables and confirm the highest accuracy in our market forecast. Each of the data presented in the reports we publish is extracted through primary interviews with senior officials of the main companies in the field concerned. Our secondary data sourcing methodology includes in-depth online and offline research and discussions with industry-savvy professionals and analysts.