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.
Renesas and TSMC have initiated their strategic activities to capitalize on the opportunities of
the future market. Other electronic industry participants are expected to adopt to similar
product developments to garner increased applications over the forecast period, which will
present considerable industry growth prospects.
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