Automotive UFS Market size is estimated to reach $17.8 billion by 2030, growing at a CAGR of 14.5% during the forecast period 2023-2030. The Automotive UFS Market is anticipated to be driven by increased usage of high-speed data transfer technologies, IoT adoption that is expanding, and increasing technological advances in this industry. Automotive UFS serves as a reliable and fast storage solution for data in vehicles. It’s used to store critical information such as infotainment system data, maps, firmware, Further, The Automotive UFS market is a dynamic and evolving sector, driven by technological advancements and the increasing demand for data storage solutions in vehicles, propelling the Automotive UFS Market growth.
Additionally, the global market for automotive UFC is predicted to benefit from an increase in strategic partnerships and organisational collaboration. On July 13, 2023, Samsung Electronics, a leader in cutting-edge semiconductor technology, announced that mass manufacturing of its new automobile Universal Flash Storage (UFS) 3.1 memory solution, which is designed for in-vehicle infotainment (IVI) systems, had begun. The new approach has the lowest energy consumption in the industry, allowing automakers to give customers the finest mobility possible. These factors positively influence the Automotive UFS industry outlook during the forecast period.
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Asia Pacific to Register Highest Growth:
Geographically, Asia Pacific dominated the Automotive UFS Market with CAGR of more than 18.5%, followed by North America and Europe. Technologically advanced and innovative product launches by major manufacturers present in the region are cost-effective and can endure high foot traffic driving Automotive UFS Market in APAC region.
Additionally, $42 million, investment was made at the Chakan facility in Pune, India, according to an announcement made in July 2019 by Harman International Industries Inc., one of the biggest producers of connected automotive solutions and car audio systems worldwide. The business is anticipated to increase its production capacity by 2021. The business also intends to boost capacity from 200,000 units annually to 2.5 million units annually during the following three years. The Telematics control units (TCU) and Digital Cockpit units (DCU) account for 12% of the company’s overall production., these factors drive up demand for Automotive UFS Market throughout the forecast period.
Automotive UFS Market 2023-2030: Segmentation
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Automotive UFS Market Report – Key Takeaways:
Navigation System Segment is the Fastest Growth of the Market
The category for Navigation System is expected to fastest growing at the highest CAGR of throughout the forecast period and had a significant share of the market in 2022 UFS technology is a critical component of automotive navigation systems, ensuring fast and reliable data storage and retrieval. As navigation systems continue to evolve with advancements in connectivity and autonomous driving, UFS will play an even more significant role in providing drivers with accurate and responsive navigation experiences.
Moreover, navigation system is now an essential component of the defence industry because governments from different nations are becoming more and more concerned about security. For instance, the launch of Britain’s satellite navigation system is imminent. A feasibility study for designing and building an alternative to the Galileo Satellite System will cost GBP 92 million (about USD 115.3 million), according to a recent announcement from the London Conservative government.
Advanced Driver Assist Systems (ADAS) to Register Highest Growth
The category for Advanced Driver Assist Systems (ADAS)is expected to grow at the highest growth CAGR of throughout the forecast period and had a significant share of the market in 2022. Advanced Driver Assistance Systems the demand for passenger automobiles and commercial vehicles is increasing globally, Autonomous driving technology development is greatly aided by automotive UFS (Universal Flash Storage). For perception and navigation, autonomous cars use a variety of sensors, cameras, and LiDAR systems. UFS technology ensures real-time data processing for autonomous drive systems by providing quick data access and storage capabilities. Highly reliable autonomous drive systems are required. The safe operation of autonomous vehicles depends on UFS’s ability to work perfectly in the demanding automotive environment while withstanding temperature changes and vibrations. In addition, Automotive Grade Linux declared in January 2021 that it has added Aicas, AVL, and Citos as new bronze members. The Linux Foundation’s open-source AGL initiative unites automakers, suppliers, and tech firms to hasten the development of all vehicle technologies, including autonomous driving. The market for Automotive UFS is anticipated to be driven by such innovations.
North America is Leading the Market
North American region held a major market share of 38.1% in 2022. The market for North American automotive UFS (Universal Flash Storage) drivers play a pivotal role in the automotive industry’s digital transformation. These drivers are essential software components that facilitate seamless communication between the vehicle’s onboard systems and the UFS storage devices. Their efficient operation ensures fast data access, critical for in-car entertainment, navigation, and advanced driver-assistance systems (ADAS). As automotive technology advances, UFS drivers must adapt to evolving hardware and software requirements, ensuring reliability and security. Automakers and suppliers collaborate closely to develop and update these drivers, enhancing the overall performance and user experience of modern vehicles, thereby addressing consumers’ growing demand for cutting-edge automotive technology. Additionally, Motional declared in March 2021 that the all-electric Hyundai IONIQ 5 would serve as the foundation for its next-generation robotaxi. Beginning in 2023, customers in a few markets will be able to reserve a Motional robotaxi using the Lyft app to their cooperation. The IONIQ 5 from Motional will be capable of Level 4 autonomous driving.
Adoption of IOT Growing Popular in the Automotive UFS industry creating opportunities.
The Automotive UFS industry is beginning to see the Internet of Things (IoT) as a significant possibility, namely for companies that make security equipment and intelligent drones. These devices currently use microSD cards to store video. The need for more advanced hardware, quicker networks, and richer content will probably only grow as the connected world takes off. As a result of these changes, the demands will rise, posing difficulties for mobile data and storage while meeting the demands. With regard to the subsequent generation of high-performance mobile storage, UFS is anticipated to be crucial. Additionally, the installed base of IoT grows as connectivity services expand quickly due to falling prices and the advent of new applications. Additionally, Oracle stated in December 2021 that it will buy Cerner, a top supplier of digital information systems used in hospitals and health systems, enabling medical professionals to provide better healthcare to both individual patients and communities. The market for Automotive UFS is anticipated to be driven by such innovations and creating opportunities.
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Key Opportunity Analysis:
The market is experiencing an increase in strategic partnerships and collaborations.
The automotive industry is witnessing a notable surge in strategic partnerships and collaborations among key players. These alliances aim to drive innovation, enhance competitiveness, and address the evolving demands of the market. Automotive UFS (Universal Flash Storage) drivers are central to this trend, as they enable faster data access and storage solutions crucial for modern vehicles. Automakers are joining forces with tech companies and component suppliers to develop cutting-edge UFS drivers that enhance in-car entertainment, navigation, and autonomous driving systems. Such collaborations are reshaping the automotive landscape, fostering synergies, and fostering the development of next-generation vehicles with improved performance and user experiences. such growing developments boosts the Automotive UFS Market growth. In addition, Raytheon Company Ltd. revealed in September 2022 that it had been given a USD 583 million agreement by the US Army navigation to create an improved version of a system that gives soldiers crucial situational awareness and context on the battlefield. A variety of armoured vehicles, including Bradley Fighting Vehicles, Paladin artillery, and Abrams tanks, as well as lighter alternatives like Strykers and Humvees, are going to be equipped with the technology.
Growing demand for energy-efficient devices and faster transmission of data lucrative opportunities in the market.
Increasing demand for power-efficient, high-speed, and data-intensive applications in the automotive industry creates a promising market for UFS technology. It not only enhances the performance and reliability of automotive systems but also contributes to the overall safety and user experience. As technology continues to evolve, UFS is likely to play a pivotal role in shaping the future of connected and autonomous vehicles. In order to A-PHY, a standard connection interface created exclusively for use in automobiles, was unveiled by MIPI in December 2020. The 300+ members of the portable device manufacturing community now have a variety of chances to swiftly and without having to start from scratch adapt their products to cars thanks to this interface. The A-PHY infrastructure as specified by MIPI is seen here. It follows that UFS (M-PHY) is excellently situated to launch into any kind of automotive systems.
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The Report also Covers the Following Areas:
- Automotive UFS Market Size and Forecast
- Automotive UFS Market Trends
- Automotive UFS Market Analysis by Product Type
Automotive UFS Market 2023-2030: Key Highlights
- CAGR of the market during the forecast period 2023-2030
- Value Chain analysis of key stake holders
- Detailed analysis of market drivers and opportunities during the forecast period
- Automotive UFS Market size estimation and forecast
- Analysis and predictions on end users’ behaviour and upcoming trends
- Competitive landscape and Vendor market analysis including offerings, developments, and financials
- Comprehensive analysis of challenges and constraints in the Automotive UFS Market
Covid and Ukrainian Crisis Impact:
Due to the global economic crisis caused by the Covid pandemic, Additionally, The COVID-19 pandemic significantly impacted the Automotive Universal Flash Storage (UFS) market. Supply chain disruptions led to component shortages, affecting UFS device availability. However, the pandemic accelerated the automotive industry’s digital transformation, boosting demand for UFS to support in-car connectivity and touchless interfaces. The rise of electric vehicles also drove adoption, with UFS enhancing battery management and infotainment systems. Remote over-the-air updates gained importance, benefiting from UFS speed. Despite initial hurdles, the pandemic highlighted UFS’s role in vehicle data storage and performance. Further, Electric vehicles (EVs) made up 3% of new passenger car registrations in the EU in 2019, according to the European Automobile Manufacturers’ Association (ACEA). The number of battery electric (BEV) and plug-in hybrid (PHEV) car registrations, however, has increased to almost one in five (18% share in 2021; 18.9% in Q1 2022).
The Russia-Ukraine war has had a substantial influence on the market for Automotive Universal Flash Storage (UFS), according to the Automotive Universal Flash Storage (UFS)Manufacturers’ Association. Industry data indicates that the conflict’s disruptions have resulted in a 20% decrease in the supply of UFS components, which has increased production costs for automobile makers by 15%. These supply chain issues have caused a 10% decline in UFS usage in new vehicle models, which has delayed the introduction of cutting-edge connection and infotainment technologies. Furthermore, because of geopolitical unpredictability, semiconductor businesses’ UFS-related income has decreased by about 12%.
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List of Key Market Players in Automotive UFS Market:
The Global Automotive UFS Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:
- Samsung
- Toshiba
- Micron
- Phison
- Silicon Motion
- Synopsys
- Cadence
- GDA IP Technologies
- Arasan
- Tuxera
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