United States/WA: 1T-MONOS Market Will Boom In Near Future
Market Overview:
1T-MONOS is estimated to be a solution for several applications where flash previously hasn’t been embedded. Flash memory is a non-volatile digital computer memory storage medium that is electrically erasable and easily reprogrammed, also known as volatile flash memory. The two principal classes of flash memory, SATA flash, and ESD flash are described for the logical and physical configurations. SATA is basically a serial bus interface whereas ESD is a non-portable form of flash memory. ESD is better suited to desktop computers and laptops. The two basic types of flash memory, SATA flash, and ESD flash are also known as the NAND flash and the SATA flash. One can transfer data from an existing PC to a new laptop or to an external flash drive without power by means of USB transfers, this is one of the fastest methods. There are many software programs available that enable PC owners to transfer the information without power from the old computer to the new laptop or external hard disk. This has proved to be a boon to all those who have lost data from their old PCs. Another use of flash memory is in flash pens, these pens can work even when the pen is switched off. This is done because these pens use flash chips that are embedded within the pen.
Competitive Landscape:
The key players in the global 1T-MONOS market include AMIC Technology Corporation, Phison Electronics Corporation, Integrated Silicon Solution Inc., Western Digital Corporation, Marvell, Realtek Semiconductor Corp., VIA Technologies INC., JMICRON Technology Corporation, Silicon Motion Technology Corp., Transcend Information Inc., Seagate Technology LLC, ON Semiconductor, Microchip Technology Inc., KIOXIA Holdings Corporation, SK HYNIX INC., Micron Technology Inc., Intel Corporation, and Infineon Technologies AG.
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Key Market Drivers:
The increasing sales of laptops and personal computers in the world are expected to augment the growth of the global 1T-MONOS market. For instance, according to The Economic Times, Dell sold around 173 million units globally in 2020. Moreover, increasing investments in the global technology sector along with increasing research regarding the application of 1T-MONOS in new devices is estimated to propel the growth of the market.
Covid-19 Impact Analysis-
While the global economy faced a lot of issues during the COVID-19 pandemic, the technology sector witnessed an upsurge owing to the increasing requirements for faster and user-friendly technologies in devices and services, for easy handling of communication and other world affairs. During the pandemic owing to social distancing laws as well several movements restricting laws, the whole world was depending on technological and virtual services and communications.
Key Takeaways-
- The global 1T-MONOS market was valued at around US$ 46.62 billion in 2020, and it is expected to reach around US$ 85.36 billion by 2026, with a compound annual growth rate (CAGR) of 11.27% during the estimated market period (2021-2026), owing to the increasing investment in order to imply these solutions in modern technological devices.
- The Asia Pacific is expected to hold a major share of the global 1T-MONOS market, owing to the increasing product and service launches by key market players in the region along with high investments in the research and development sector related to technological advancements. For instance, in June 2019, SK Hynix Inc., a South Korean memory semiconductor supplier launched a 128-layer 1Tb TLC 4D NAND flash memory.
- North America is expected to witness significant growth in the global 1T-MONOS market, owing to the increasing investment in the technology sector along with the launches of several new innovative devices and systems. For instance, in November 2018, Micron Technology, Inc. launched a new MT25Q NOR flash, which is aided with Authenta technology for utilization in several sectors such as industrial, consumer goods, and automotive.
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