Global Non-Volatile Memory Market is Anticipated to grow at a Significant Pace i.e., USD 85.7 Billion during the Forecast Period 2021-2027

Published Date: Dec, 2021

The global non-volatile memory market is expected to witness a CAGR of 9.2% during the forecast period. Non-volatile storage (NVM) is a type of secondary storage used in computer systems to manage long-term storage and take backup of business-critical information. NVM technology is electrically programmable that can erase and retain changes in the occurrence of a power outage. In addition, NVM uses user-configurable technology and, unlike volatile memory, does not require regular memory updates. The surging demand for improved data transfer speed and optimizing power consumption will stimulate the development of the non-volatile memory market. Furthermore, the market will gain momentum owing to the rising demand for memory in wearable and connected devices and the rising demand for consumer electronics devices like optical disks, flash drives, and computers. Thus, non-volatile memory offers various advantages like less power consumption, excellent speed, and high scalability. Nevertheless, novel product development like RAM, 3D XPoint, and NRAM will provide profitable opportunities for growth in the global non-volatile memory market.

In November 2021, Fujitsu Semiconductor Memory Solution Limited has introduced a novel 8Mbit FRAM MB85R8M2TA with a parallel interface, which is the first product in Fujitsu’s FRAM product line that guarantees 100 trillion read/write cycle times.

The COVID-19 outbreak has resulted in an economic slowdown and the non-volatile memory markets is also facing challenges. There were a complete lockdown and travel restrictions in some countries which had an impact on the manufacturing and service industries including the consumer electronics sector and enterprise sector, resulting in an adverse impact on the non-volatile memory market.  

Browse 63 market data Tables and 40 Figures spread through 300 Pages and in-depth TOC on " Non-Volatile Memory Market by Type (Traditional Non-Volatile Memory (Flash Memory, EEPROM, SRAM, EPROM, and Others) and Next-Generation Non-Volatile Memory (MRAM, FRAM, ReRAM, 3D-X Point, Nano RAM, and Others)), by Wafer Size (200mm, 300mm, and 450mm), by Application (Consumer Electronics, Healthcare Monitoring, Automotive Application, Enterprise Storage, Industrial, and Others), by Industry Vertical (Telecom & IT, Healthcare, Automotive, Energy & Power, Manufacturing Industries, and Others), and Region - Global Forecast to 2027"

By application, the consumer electronics segment is projected to dominate the market during the forecast period.

The consumer electronics segment is anticipated to dominate the market owing to the increased demand for high processing power and memory density and keeping the product cost less persistent. These non-volatile memory technologies are equipped with developed technologies like AI, IoT, and big data analytics that meets the requirement of the consumer electronics sector. The non-volatile memory technology is extensively adopted in consumer electronics like wearable devices, set-top boxes, digital cameras, tablets, handheld personal communication systems, desktop PCs, and laptops.

Global Non-Volatile Memory Market Segmentation Analysis

Segment

Categorization

Leading Category

Type

Traditional Non-Volatile Memory (Flash Memory, EEPROM, SRAM, EPROM, and Others) and Next-Generation Non-Volatile Memory (MRAM, FRAM, ReRAM, 3D-X Point, Nano RAM, and Others)

Traditional Non-Volatile Memory (Largest)

Wafer Size

200mm, 300mm, and 450mm

300mm (Largest)

Application

Consumer Electronics, Healthcare Monitoring, Automotive Application, Enterprise Storage, Industrial, and Others

Consumer Electronics (Largest)

Industry Vertical

Telecom & IT, Healthcare, Automotive, Energy & Power, Manufacturing Industries, and Others

Telecom & IT (Largest)

Region

North America, Europe, Asia-Pacific, and Rest of the World

North America (Largest)

Asia-Pacific (Fastest)

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“Asia-Pacific is anticipated to be the fastest-growing region during 2021-2027.”

Asia-Pacific is anticipated to be the fastest-growing region owing to the increasing population base having high disposable income, increasing demand in consumer electronics, rising number of data centers, and presence of key industry players that will fuel the growth in the region.

Some of the major players in the global Non-Volatile Memory market include SAMSUNG, Intel Corporation, TOSHIBA CORPORATION, Western Digital Corporation, FUJITSU, Adesto Technologies Corporation, Micron Technology, Inc., Viking Technology, Yangtze Memory Technologies Co., Ltd., and CrossBar, Inc.

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2015–2027

Historical Period

2015–2020

Base Year

2020

Forecast Period

2021–2027

Segments Covered in the Study

Type, Wafer Size, Application, Industry Vertical, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)

Companies Covered in the Study

SAMSUNG, Intel Corporation, TOSHIBA CORPORATION, Western Digital Corporation, FUJITSU, Adesto Technologies Corporation, Micron Technology, Inc., Viking Technology, Yangtze Memory Technologies Co., Ltd., and CrossBar, Inc.

Global Non-Volatile Memory Market Coverage

Type Insight and Forecast 2015-2027

  • Traditional Non-Volatile Memory
    • Flash Memory
    • EEPROM
    • SRAM
    • EPROM
    • Others
  • Next-Generation Non-Volatile Memory
    • MRAM
    • FRAM
    • ReRAM
    • 3D-X Point
    • Nano RAM
    • Others

Wafer Size Insight and Forecast 2015-2027

  • 200mm
  • 300mm
  • 450mm

Application Insight and Forecast 2015-2027

  • Consumer Electronics
  • Healthcare Monitoring
  • Automotive Application
  • Enterprise Storage
  • Industrial
  • Others

Industry Vertical Insight and Forecast 2015-2027

  • Telecom & IT
  • Healthcare
  • Automotive
  • Energy & Power
  • Manufacturing Industries
  • Others

Geographical Segmentation

Non-Volatile Memory Market by Region

North America

  • By Type
  • By Wafer Size
  • By Application
  • By Industry Vertical
  • By Country – U.S., Canada, and Mexico

Europe

  • By Type
  • By Wafer Size
  • By Application
  • By Industry Vertical
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Type
  • By Wafer Size
  • By Application
  • By Industry Vertical
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Type
  • By Wafer Size
  • By Application
  • By Industry Vertical
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries

 

 

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Global Non-Volatile Memory Market is Anticipated to grow at a Significant Pace i.e., USD 85.7 Billion during the Forecast Period 2021-2027