The global next generation non volatile memory market is forecasted to be valued at USD 1,863.5 Mn by 2032, up from USD 874 Mn in 2022, advancing at a CAGR of 7.9% during the forecast period.
| Attributes | Details |
|---|---|
| Next Generation Non Volatile Memory Market Size (2022) | USD 874 Million |
| Next Generation Non Volatile Memory Market Size (2032) | USD 1,863.5 Million |
| Next Generation Non Volatile Memory Market CAGR | 7.9% |
High scalable, fast and economical memory solutions expand the next generation non volatile memory market trends.
The increasing need for fast and economical storage solutions surges demand for next generation non volatile memory.
The size and storage capacity of non volatile memory solutions escalates the sales of next generation non volatile memory.
The adoption of next generation non volatile memory promises data and information storage ability in a switched-off device.
The MRAM product segment currently dominates, and the ReRAM segment is expected to grow in the next generation non volatile memory market share.
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Power conservation technologies, along with improved efficiency provided by industry players, surge the sales of next generation non volatile memory.
Growing demand for faster, cost-effective and efficient memory solutions gives rise to the demand for next generation non volatile memory.
Increasing demand and penetration of consumer electronics, leading to flash memory applications in devices, drives the sales of next generation non volatile memory.
The growth of the portable systems market for mass storage applications propels the adoption of next generation non volatile memory.
Due to the increasing electronic gadget market and data storage requirement, consumer demand for advanced memory technologies expands the global next-generation non volatile memory market growth.
Expanding market for tablets and smartphones requires mobile dynamic random access memory (RAM), further bolstering the next-generation non volatile memory market share.
Poor performance and incompatibility of traditional non volatile memory solutions drive the adoption of next generation non volatile memory.
Cloud storage and data centres requiring data storage capabilities increase the demand for next generation non volatile memory.
Improved performance, higher endurance, and lower power consumption contribute to the next generation non volatile memory market growth.
Better scalability with extremely high write endurance further escalates the demand for next generation non volatile memory.
Rising demand for semiconductors is expected to drive the sales of next generation non volatile memory.
Server configurations requiring minimised power budget for memory power management elevates the demand for next generation non volatile memory.
Decreasing profit margins in the traditional memory technologies and advancing the development of new technologies elevates the demand for next generation non volatile memory.
Overall growing demand for mass and universal storage devices for both personal and business usage increases the sales of next generation non volatile memory.
High designing costs for emerging memory solutions curbs the sales of next generation non volatile memory.
Extreme environmental conditions such as high temperature obstruct the next generation non volatile memory market share due to low environmental stability.
The lack of standardised processes set for emerging memory technologies hampers the adoption of next generation non volatile memory.
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The improvement of input and output performance of enterprise storage systems for web-based data increases the adoption of next generation non volatile memory.
Increasing demand for wearable and flexible electronics advances the sales of next generation non volatile memory.
The growing requirement of non volatile memory solutions and replacement of flash memory in various applications such as industrial grows the demand for next generation non volatile memory.
The development of the Internet of Things (IoT) with enhanced network connectivity and data transfers propels the next generation non volatile memory market growth.
The popularity of self-owned cars further poses lucrative opportunities for the adoption of next generation non volatile memory.
The improvement in the chip density of NAND memory promises growth of the next generation non volatile memory market share.
The launching of application sectors like a neural networks, industrial applications, and flexible electronics escapes the sales of next generation non volatile memory.
The Asia Pacific is the leading next generation non volatile memory market with a share of 38.1% in 2022.
The presence of key industry participants in China - the world’s second-largest economy, owes to the growth in the global next generation non volatile memory market.
The rising growth of the computer and mobile industry favours the adoption of next generation non volatile memory.
Apart from China, South Korea, Japan, and India are additionally promising growth in the global market.
North America is growing fast in the next generation non volatile memory market with a revenue share of 33.3% in 2022.
Rising industrialisation and the market saturated with smartphones and tablet users surge the demand for next generation non volatile memory, in this region.
Europe contributes to the next generation non volatile market size with a revenue share of 20.3% in 2022.
Lucrative growth opportunities for the regions in Western Europe owes to the revolution of IT and data centers.
Demand for next generation non volatile memory in this region is further attributed to high demand of impeccable network and high data storage capacity in both personal and business sectors.
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The latest technology trends are revolutionising the next generation non volatile memory owing to its scalability, rapid read and write performance and simple structure.
The ability to store data permanently or temporarily and retrieve it at any time is a recurring demand amongst consumers.
Certain start-up companies strive to bring new innovations in data transfer and storage to the forefront with the rising usage of smartphones, tablets and other smart devices amongst the population.
Micron, LSI, Adesto, Nimble Storage, SK Hynix, Avalanche Technology, Crossbar, Smart Modular Technologies, Spansion, Nantero, etc. are few of the start-up companies that are contributing significantly to the next generation non volatile memory market with the assistance of strategies such as designing semiconductors and software to accelerate storage and networking, offering memory devices such as DRAM and DRAM modules, ultra-bandwidth solutions, manage NAND, etc.
Some of the key market players of the next generation non volatile memory market are Samsung Electronics Co. Ltd, Adesto Technologies, Everspin Technologies, Intel Corporation, Crossbar Inc., Fujitsu Ltd, Micron Technology, Toshiba Corporation, Avalanche Technologies Inc., Everspin Technologies, Inc., Honeywell International Inc. IBM Corp., Infineon Technologies AG, Intel Corporation, Nippon Telegraph and Telephone Corporation ROHM Co. Ltd., Sandisk, SK Hynix Inc., ST Microelectronics NV, Viking Technology, Western Digital Inc., Open-Silicon, Microchip Co., RAMbus, Everspin, Nimble Storage, LSI, Smart Modular Technologies, Spansion, Nantero, etc.
They assist in expanding product offerings in standardised form by introducing R&D activities and strategies that encourage expansion, collaboration, and development with other firms.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 7.9% from 2022 to 2032 |
| Base year for estimation | 2021 |
| Historical data | 2016 to 2021 |
| Forecast period | 2022 to 2032 |
| Quantitative units | Revenue in USD million and CAGR from 2022 to 2032 |
| Report coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis |
| Segments covered | Type, Application, and Region |
| Regional scope | North America; Western Europe; Eastern Europe; Middle East; Africa; ASEAN; South Asia; Rest of Asia; Australia and New Zealand |
| Country scope | USA, Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, Belgium, Poland, Czech Republic, China, India, Japan, Australia, Brazil, Argentina, Colombia, Saudi Arabia, UAE, Iran, South Africa |
| Key companies profiled | Samsung Electronics Co. Ltd; Adesto Technologies; Everspin Technologies; Intel Corporation; Crossbar Inc.; Fujitsu Ltd; Micron Technology; Toshiba Corporation; Avalanche Technologies Inc.; Everspin Technologies, Inc.; Honeywell International Inc. IBM Corp.; Infineon Technologies AG; Intel Corporation; Nippon Telegraph and Telephone Corporation ROHM Co. Ltd.; Sandisk; SK Hynix Inc.; ST Microelectronics NV; Viking Technology; Western Digital Inc.; Open-Silicon; Microchip Co.; RAMbus; Everspin; Nimble Storage; LSI; Smart Modular Technologies; Spansion; Nantero; etc. |
| Customization scope | Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
A CAGR of approximately 7.9% can be estimated for the next generation non volatile memory market through 2032.
The Asia Pacific currently leading the next generation non volatile memory market.
High designing costs for emerging memory solutions curbs the sales of next generation non volatile memory.
1. Executive Summary 2. Market Background 3. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 4. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Type 4.1. Non-Volatile Memory 4.2. Volatile Memory 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 5.1. Consumer Electronics 5.2. Healthcare Monitoring Applications 5.3. Automotive and Transportation Application 5.4. Enterprise Storage 5.5. Industrial 5.6. Others 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 6.1. North America 6.2. Latin America 6.3. Europe 6.4. Asia Pacific 6.5. MEA 7. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 8. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Key Countries Market Analysis 13. Market Structure Analysis 14. Competition Analysis 14.1. Samsung Electronics 14.2. Adesto Technologies 14.3. Everspin Technologies 14.4. Intel Corporation 14.5. Crossbar Inc. 14.6. Fujitsu Ltd 14.7. IBM 14.8. Micron Technology 14.9. Toshiba Corporation 15. Assumptions & Acronyms Used 16. Research Methodology
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Next Generation Non Volatile Memory Market
