The global polymer memory market is projected to amass a revenue of around USD 6,715.1 million by 2032, up from USD 1,206.8 million in 2022 moving forward with a CAGR of 18.7 during the forecast period.
| Report Attribute | Details |
|---|---|
| Polymer Memory Market Value (2022) | USD 1,206.8 Million |
| Polymer Memory Market Anticipated Forecast Value (2032) | USD 6,715.1 Million |
| Polymer Memory Market Projected Growth Rate (2022 to 2032) | 18.7% |
The benefits of memory are all satisfied by next-generation memories, and their ability to support expansion in three-dimensional spaces is the most crucial one. They consist of Ovonics Unified Memory, MRAM, FeRAM, and polymer memory. The most popular among them is polymer memory, as they can expand in three-dimensional spaces, contributing to the polymer memory market growth.
Polymer memory is non-volatile, and the demand for polymer memory is on a rising trajectory as it enables achieving high storage capacity, up to 10x faster than conventional memory devices. In addition, the adoption of polymer memory is also contributed to its wide application, including WORM (Write Once Read Many) type memory applications, a permanent storage such as in holography techniques and ROM devices.
Polymer memory can be easily integrated with other CMOS, in turn significantly influencing the polymer memory adoption trends.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Increasing demand for faster memory devices with a high storage capacity of information is likely to scale up the adoption of polymer memory to a considerable extent. The rising demand for polymer memory can also be attributed to its simple manufacturing and low power consumption.
Additionally, polymer memory has the advantage of retaining data even after the power is turned off, unlike the memory in your computer, which greatly influences the polymer memory demand analysis.
Many from around the world are encouraged to opt for the same; in turn, surging the adoption of polymer memory as such non-volatile memory has potential benefits, not the least of which is the possibility of never having to wait for a PC to boot up.
Several researchers are working on various methods to implement this type of memory. Compared to other non-volatile options, polymer memory may be able to store a lot more data, expanding the overall polymer memory market size. The spike in demand for polymer memory can also be owed to its durable nature, and the polymer memory created by Thin Film has been put through rigorous reliability tests at temperatures ranging from - 40 to 110°C.
The outcomes highlight the polymer memory's exceptional stability and compliance with both military and industrial standard tests, auguring well for the polymer memory market. However, it won't be simple to commercialize polymer memory as memory technologies compete not only on storage capacity but also on speed, energy usage, and reliability.
Meeting all of the specifications for the silicon memory chips of today is one of the challenges that the polymer memory market is confronted with. New memory materials will probably only be used in specialized applications until they can rival silicon's high performance.
One potential application is in disposable electronics, where cost rather than performance is the deciding factor. Polymer memory devices for use in identification tags are being developed by researchers at Bell Laboratories, a subsidiary of Lucent Technologies.
Bell Labs' polymer memory is still relatively slow by silicon standards, and its maximum capacity is only a few kilobits. The same is likely to have an impact on the polymer memory market share to an extent.
As emerging trends in the polymer memory market are brought about, and polymer memory technology develops, it may eventually lead to the creation of computers with only plastic electronic parts, from the display to the logic chip.
Although that may be decades away, as researchers continue to push the boundaries of polymers, the vision seems less far-fetched, as per the polymer memory market report. Moreover, prolonged and continuous research over this technology which delays its launch in the market, is dwindling the polymer memory market size.
By 2022, North America is expected to control 37.6% of the global memory polymer market share, attributed to the presence of several polymer memory manufacturers in the region. The large memory polymer market in North America is highlighted by the presence of several significant end users and product producers.
The developed healthcare sector in the United States is complemented by expanding biomedical research, which is expected to facilitate the memory polymer market key trends & opportunities over the forecast period.
Principal Consultant
A strong position is anticipated for the growth of the memory polymer market in the European region as a result of the industrialization of this region and its advanced manufacturing techniques. The market share of polymer memory in the region is expected to be 22 percent in 2022 as a result of all these factors.
To create chips that store data in polymers rather than silicon, Advanced Micro Devices of Sunnyvale, California, is collaborating with Coatue, a start-up in Woburn, Massachusetts. In the words of Coatue CEO Andrew Perlman, the innovation could result in a less expensive and denser replacement for flash memory chips, the kind of memory found in digital cameras and MP3 players.
This collaboration is to create memory chips that store data in electronic polymers rather than silicon Opticom polymer memory. Coatue is a research and development company at the forefront of a new generation of memory chips based on polymers.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
Businesses involved in the polymer memory market are now more engaged with launching strategies like targeted marketing, CSR programs, etc., as a way to increase their global prominence. The fact that these companies are now aiming to manage a specific business-related activity in a nation that offers advantageous policies is a clearly discernible polymer memory market trend that is being observed across the board.
By doing so, it enables the companies to reduce expenses while retaining industry experts for each crucial stage of their respective organizations. A similar high-capacity polymer memory is being developed by Thin Film Technologies in Linköping, Sweden, in partnership with Intel, the largest manufacturer of computer processors and flash memory chips. This is considered one of the recent developments in the polymer memory market.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 18.7% 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, Trends and Pricing Analysis |
| Segments Covered | End Use, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; Asia Pacific; Japan; The Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled | Intel; Thin Film Technologies; Advanced Micro Devices of Sunnyvale, CA |
| Customization | Available Upon Request |
The global polymer memory market is set to advance at a CAGR of 18.7% from 2022 to 2032.
North America is likely to hold a polymer memory market share of 37.6% in 2022.
The polymer memory market is predicted to account for USD 6,715.1 million by 2032.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Polymer Memory Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Polymer Memory Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End User 5.1. Individual 5.2. Residential 5.3. Commercial 6. Global Polymer Memory 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 Polymer Memory Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 8. Latin America Polymer Memory Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9. Europe Polymer Memory Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Asia Pacific Polymer Memory Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. MEA Polymer Memory Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Key Countries Polymer Memory Market Analysis 13. Market Structure Analysis 14. Competition Analysis 14.1. Advanced Micro Devices 14.2. Coatue 14.3. Cornerstone Research Group 14.4. LG Display 14.5. Samsung 14.6. Intel 14.7. Fujitsu Ltd 14.8. Adesto 14.9. Micron 15. Research Methodology
Explore Technology Insights
View Reports
Polymer Memory Market
