Press Releases

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.

The non-volatile memory market refers to the industry segment that deals with the development, manufacturing, and deployment of memory devices that can retain data even when power is removed. Non-volatile memory is a type of computer memory that can store and retrieve data without the need for a continuous power supply, unlike volatile memory such as RAM. Non-volatile memory is commonly used in a wide range of electronic devices, including computers, smartphones, tablets, solid-state drives (SSDs), and embedded systems.

The non-volatile memory market has experienced significant growth in recent years due to several factors, including:

Increasing demand for data storage: The exponential growth of data generated by various applications and industries has fueled the demand for reliable and high-capacity storage solutions. Non-volatile memory, particularly flash memory, provides a cost-effective and durable storage medium for applications ranging from consumer electronics to enterprise-level data centers.

Advancements in flash memory technology: Flash memory is the dominant type of non-volatile memory used in various devices. Advancements in flash memory technology, such as NAND flash and NOR flash, have led to increased storage capacities, improved performance, and reduced costs. These technological advancements have expanded the applications of non-volatile memory and stimulated market growth.

Solid-State Drives (SSDs): Solid-state drives, which utilize non-volatile memory, have gained popularity as a faster and more reliable alternative to traditional hard disk drives (HDDs). SSDs offer higher read and write speeds, lower power consumption, and increased durability. The demand for SSDs in laptops, servers, and data centers has contributed to the growth of the non-volatile memory market.

Internet of Things (IoT) and connected devices: The proliferation of IoT devices and connected systems has generated a significant amount of data that needs to be stored and accessed reliably. Non-volatile memory provides the required storage capacity and data retention capabilities for IoT devices and edge computing systems, driving the market growth.

Emerging memory technologies: Beyond traditional flash memory, there are several emerging non-volatile memory technologies that offer potential advantages in terms of speed, density, and power consumption. These technologies include phase-change memory (PCM), resistive random-access memory (RRAM), magnetoresistive random-access memory (MRAM), and ferroelectric random-access memory (FeRAM). Research and development efforts in these emerging memory technologies have the potential to further expand the non-volatile memory market.

In November 2022, 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 2030"

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

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“Asia-Pacific is anticipated to be the fastest-growing region during 2023-2030.”

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

Global Non-Volatile Memory Market Coverage

Type Insight and Forecast 2018-2030

• 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 2018-2030

• 200mm
• 300mm
• 450mm

Application Insight and Forecast 2018-2030

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

Industry Vertical Insight and Forecast 2018-2030

• 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