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According to the estimates by IMARC Group, the global ferroelectric RAM market will exhibit strong growth during the forecast period (2021-2026).
A significant growth in the information technology (IT) industry along with the widespread adoption of electronic handheld devices, represent some of the key drivers for the global ferroelectric RAM market.
The integration of the Industrial Internet of Things (IIoT) and cloud computing solutions with connected devices helps FRAMs in automatic system updates, especially for wireless applications, which represents one of the key trends in the global ferroelectric RAM market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary shutdown of numerous end-use industries pertaining to ferroelectric RAMs, thereby hampering the market growth.
On the basis of the type, the market has been classified into serial memory, parallel memory, and others. Amongst these, serial memory holds the largest market share.
On the basis of the application, the market has been categorized into mass storage, embedded storage, and others. Among these, embedded storage holds the majority of the total market share.
On the basis of the end use, the market has been classified into security systems, energy meters, smart cards, consumer electronics, wearable electronics, automotive electronics, and others. Among these, automotive electronics hold the majority of total market share.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific dominates the global market.
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