Automotive UFS Market - Forecast(2024 - 2030)

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 organizational 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.

The “Automotive UFS Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Automotive UFS Market.

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%.

Geographically, Asia Pacific dominated the Automotive UFS Market grow with a 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 the Automotive UFS Market in APAC region. Additionally, A $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.

In the Automotive UFS Market analysis, By Version segment 4.0 is estimated to grow with the highest CAGR of during the forecast period. 4.0 UFS are mostly contributing to the market's expansion. UFS 4.0 uses the MIPI M-PHY Gear5 high-speed interface as the physical layer (PHY) to connect memory components in a device, while MIPI UniPro offers the transport and link layers to connect chipsets and peripheral components. While keeping backwards compatibility with UFS 3.1, UFS 4.0 offers a 46% power savings over UFS 3.1. It has a small form factor and can support storage of up to 1TB. For instance, on 2022, The first UFS 4.0 product compliant with the recently adopted JEDEC® storage standard for next-generation mobile and computing systems has been announced by Samsung Electronics as part of the company's Universal Flash Storage (UFS) 4.0 solution development.  Up to 23.2 gigabits per second (Gbps) per lane will be made available by Samsung UFS 4.0. This is twice as effective as the prior top UFS solution (UFS 3.1). With features like high-resolution photos and high-capacity mobile gaming, as well as for automotive and AR/VR applications, UFS 4.0 will be a great match for 5G smartphones with these features that require a lot of data processing. As a result of such advance developments, it is projected that demand for Automotive UFS devices rise.

According to the Automotive UFS Market forecast, the 128GB held the largest market valuation of the largest section, 128GB, is anticipated to continue growing at the highest rate over the projected period owing to the rise. A significant advancement in the market is the 128GB Automotive UFS (Universal Flash Storage). A NAND memory technology called UFS is being used in a growing number of automotive applications owing to its quickness, reliability, and strength. The automobile industry's expanding need for data storage is satisfied by this high-capacity UFS solution. Additionally, Samsung Electronics started mass producing its new automobile Universal Flash Storage (UFS) 3.1 memory solution, which is designed for in-vehicle infotainment (IVI) systems, on July 13, 2023. According to the company, its newest solution has the lowest energy consumption in the market. To accommodate a variety of needs, the UFS 3.1 line-up will come in 128GB variations. Future automotive applications, like electric and autonomous vehicles, can manage battery life more effectively thanks to the improved portfolio. the uses further bolster the higher demand for 128GB segment.

In order to increased demand for the automobile industry undergoes a digital transition, the automotive UFS (Universal Flash Storage) market is observing notable technological improvements. These developments are motivated by the expanding demand for high-speed data storage and retrieval in contemporary cars. The incorporation of UFS technology in ADAS and infotainment systems, which enables quicker data processing for services like navigation, entertainment, and safety, is one of the major developments. Furthermore, systems are ravenous for further data. more sophisticated ADAS and information and entertainment systems. More space for storing event data. More 3D mapping support. KIOXIA Corporation today announced that it has started sampling the industry's first 512 gigabit (GB) Automotive Universal Flash Storage (UFS) JEDEC® Version 2.1 embedded memory solution, making the concept of "more" a reality. KIOXIA's Automotive UFS offers the extended reliability needed by diverse automotive applications, covers a wide temperature range (-40°C to +105°C), and complies with AEC-Q100 Grade2 standards. The 512GB device is now part of the company's Automotive UFS lineup, which also offers 16GB, 32GB, 64GB, 128GB, and 256GB storage options

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A substantial rise in the use of High-Performance UFS (Universal Flash Storage) in automotive manufacturing is attributed to its numerous advantages. The faster data processing rates provided by UFS technology is perfect for the advanced requirements of modern automobiles, including advanced infotainment systems and autonomous driving. Additionally, Major companies are actively developing high-performance UFS solutions designed for next-generation automotive applications and advancing its use in the sector, including Samsung and KIOXIA. Additionally, On March 30, 2022, the leading provider of memory solutions in globally, Kioxia Corporation, revealed that it had begun sampling new High-Performance UFS Automotive (UFS) Ver. 3.1 embedded flash memory devices. With capacities ranging from 64 gigabytes (GB) to 512 GB, the new line-up supports the diverse demands of developing automotive apps that improve driving experiences. It makes use of the company's BiCS FLASH 3D flash memory. The high-performance and density requirements of these applications are well-supported by UFS. The new products meet AEC-Q100 Grade 2 criteria, enable a wide temperature range (-40°C to +105°C), and provide better dependability capabilities needed by increasingly complicated automotive applications.

The market's expansion hampered by the expensive price of automobile Universal Flash Storage (UFS) technology. Reduced acceptance rates and a smaller market are caused by the expense involved in integrating UFS in automotive applications. owing to the demand for specialised UFS solutions made to resist the harsh automotive environment, which includes elements like severe temperatures, vibrations, and durability requirements, there is a cost issue. To attain these high requirements, producers must make large investments in R&D and production. In conclusion, the high cost of automotive UFS technology may limit market expansion, necessitating initiatives to lower production costs and make these cutting-edge storage solutions more affordable for a wider variety of customers and manufacturers. This factor impedes the Automotive UFS Market growth.

 

Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Automotive UFS Market. The top 10 companies in this industry are listed below:

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