1T-MONOS MARKET ANALYSIS

Market Challenges And Opportunities

Majority of the requirements for technology featuring memory expansion cards that are utilized in consumer electronic devices and storage medium for the embedded systems are fulfilled by flash memories. According to Coherent Market Insights analysis, this technology has witnessed over 40% year-on-year growth over the last few years. However, owing to certain technological limitations that include flash memory’s finite life, incapability of the bit-by-bit data erasability and large power consumption, the utilization of the technology has been limited to particular environment conditions. However, utilization of 1T-MONOS (flash memory technology) in places where flash cannot be utilized, as proposed by the Renesas in February 2016, is expected to garner major traction over the forecast period.

Utilization of connectivity and memory processing in almost every daily activity that includes agriculture, industry processes, and transportation among many other applications. This is expected to drive the incorporation of electronic processing and advanced computing technologies. Moreover, these application environment are featured with severe operating conditions that prohibit the usage of conventional flash memories. High durability featuring products are expected to find significant applications in conjunction with the growing IoT applications and drive the 1T MONOS market.

Automotive industry has witnessed huge demands for electronic data processing over the past few years. Number of advanced systems such as adaptive cruise control, collision avoidance systems, electric/hybrid vehicles and emergency driving assistance among few others have necessitated the use of electronic control units (ECUs) and other components to mechanize the analog processes. This will present strong growth prospects over the next few years. Moreover, regulatory compulsions to adopt these systems in every vehicles across the globe to ensure passenger and driver safety, specifically in developed global counterparts that include Western Europe and U.S., will prioritize the adoption of these systems and drive the 1T-MONOS market.