The beneficial factors of FRAM technology over conventional alternatives and other major driving factors is expected to favour the rise in the global FRAM market
Reports and Insights has published a new report titled, “FRAM Market: Opportunity Analysis and Future Assessment 2020-2028”
Global FRAM Market, By Product Type (4K, 16K, 18K, 32K, 64K, 128K, 256K), By Interface (Serial, Parallel), By Application (Metering/Measurement, Enterprise Storage, Automotive, Factory, Automation, Telecommunications, Medical, Others) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2028.
The global FRAM market in 2020 is estimated for more than US$ xx Bn and expected to reach a value of US$ xx Bn by 2028 with a significant CAGR of xx%.
FRAM, acronym for the Ferroelectric random-access memory, can be perceived as a low-power, non-volatile, excellent-performance memory that caches data on ferro-electric film. FRAM consists of High-speed RAM (DRAM and SRAM) and the traditional and established non-volatile memory (EEPROM and Flash). FRAM offers fast read and write access, as well as the capacity to store and save the data even when the power supply is powered down. Quicker read & write operations, reduced power consumption, and a huge number of write and erase cycles are few of the benefits to count of FRAM technology. Attributing to said benefits, the global FRAM market is projected to witness significant growth in the forthcoming years.
In addition to that, owing to the numerous advantages of FRAM technology, it has achieved high significance and popularity in a comprehensive scale of industries, involving telecommunications and IT, as well as the automotive industry.
Moreover, FRAM is seen as a cost-effective replacement option to electrically volatile memory. Throughout the assessment period of time, the efficiency of FRAM run data logging applications at a reduced cost of power is further estimated to propel the global FRAM market in the coming years.
Reports and Insights Study identifies some of the key participating players in the FRAM market globally are Texas Instruments, Fujitsu Ltd, Rohm Co., Ltd, Cypress Semiconductor Corp, among others.
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