PORTLAND, OREGON, UNITED STATES, August 31, 2021 /EINPresswire.com/ – The boom in adoption of integrated 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 market on-board 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.
According to the report published by Allied Market Research, titled “Integrated Multimedia Cards (eMMC) Market by Density (2 GB – 4 GB, 8 GB – 16 GB, 32 GB – 64 GB and 128 GB-256 GB), Application (smartphones , digital cameras, GPS systems), medical devices and others) and end user (automotive, aerospace and defense, industry, healthcare, public, IT and telecommunications and others): Global opportunity analysis and industry forecast, 2021- 2028 “The global integrated multimedia card (eMMC) generated $ 9.30 billion in 2019 and is expected to reach $ 11.53 billion by 2028, registering a CAGR of 3.3% from 2021 to 2028.
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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 Embedded Multimedia Cards (eMMC) market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market through Asia-Pacific holds the largest share in 2019, representing nearly two-fifths of the market. However, the European market is expected to post the highest CAGR of 4.1% during the forecast period.
Get a detailed analysis of the impact of COVID-19 on the Integrated Multimedia Card (emmc) market: https://www.alliedmarketresearch.com/request-for-customization/334?reqfor=covid
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.