Non Volatile Memory Market
Non-Volatile Memory Market Forecasts to 2030 - Global Analysis By Type (Traditional Non-Volatile Memory, Next-Generation Non-Volatile Memory and Other Types), Technology, Storage Capacity, Wafer Size, Application, End User and By Geography
According to Stratistics MRC, the Global Non-Volatile Memory Market is accounted for $94.5 billion in 2024 and is expected to reach $204.1 billion by 2030 growing at a CAGR of 13.7% during the forecast period. Non-volatile memory refers to the category of data storage systems that maintain data even in the event of a power outage. Non-volatile memory (NVM) systems, like NAND flash, MRAM, and ReRAM, offer dependable and permanent data retention in contrast to volatile memory, which loses data when power is cut off. The increasing requirement for quicker, more effective, and high-capacity storage solutions to satisfy contemporary computing needs is driving this market, which serves a variety of applications across industries, including consumer electronics, automotive, data centers, and industrial automation.
According to the company, the 40 nm Ultra-Low-Power OTP NVM IP Solution can minimize the need to re-spin the fabrication of an IoT chip, which is critical in the emerging market.
Market Dynamics:
Driver:
Growing demand for high-speed data storage
The need for memory solutions that can process massive datasets quickly is growing as the amount of data keeps growing due to factors like cloud computing, big data analytics, and the proliferation of IoT devices. Applications where quick data access and processing are essential, such as data centers, high-performance computing, and artificial intelligence, are especially affected by this need. Non-volatile memory technologies, such as 3D NAND flash, MRAM, and ReRAM, which provide greater storage capacity and quicker data transfer rates than conventional memory solutions, are predicted to develop as a result of this trend.
Restraint:
High cost of advanced NVM technologies
Advanced non-volatile memory (NVM) technologies are expensive, which presents a big business obstacle. Manufacturing costs for emerging technologies like MRAM, ReRAM, and PCM are frequently greater than those of more established ones like NAND Flash. The intricacy of production procedures and the requirement for specialized supplies and machinery are the causes of these expenses. Because of this, the cost per unit stays high, which prevents widespread adoption, especially in applications where cost is a factor. Despite their higher performance and efficiency in a variety of applications, this price barrier prevents the shift from traditional memory technologies to cutting-edge alternatives.
Opportunity:
Increased focus on cloud computing
Cloud computing growing prominence is having a big effect on the non-volatile memory business. High-capacity, dependable, and energy-efficient storage solutions are becoming more and more in demand as companies use cloud-based solutions more and more for data processing and storage. Non-volatile memory technologies, such as MRAM and 3D NAND flash, are ideal for cloud environments because of their low power consumption, scalability, and durability. The market for non-volatile memory is anticipated to increase significantly as a result of the shift to cloud computing, as businesses and cloud providers look to satisfy the growing storage needs of their applications.
Threat:
Complex manufacturing processes
The complex production procedures for non-volatile memory (NVM) solutions need for precision and cutting-edge technology. The necessity to develop multi-layered structures, like 3D NAND, where memory cells are stacked vertically to boost density and performance, is the source of this complexity. Photolithography, etching, and chemical deposition are some of the crucial processes involved in fabrication that require exacting control over variables like temperature and material purity. Furthermore, integrating cutting-edge technology like MRAM and ReRAM poses particular difficulties for yield management and process optimization. These complications may have an effect on the growth of the market as a whole since they increase production costs and time to market.
Covid-19 Impact
The non-volatile memory (NVM) market was affected by the COVID-19 epidemic in a variety of ways. Growth was initially hampered by supply chain interruptions and economic uncertainty, which especially affected sectors like the automotive and smartphone industries. However, the need for data storage solutions expanded as a result of the move to remote work and a greater reliance on digital platforms. The need for high-performance NVM technologies was further accelerated by the expanding use of cloud computing, e-commerce, and digital entertainment, setting up the market for recovery and expansion as post-pandemic global economies stabilizes.
The smartphones segment is expected to be the largest during the forecast period
The smartphones segment is estimated to be the largest, due to the growing requirement for quicker performance and larger storage capacity, the non-volatile memory (NVM) industry is heavily driven by the rising demand for smart phones. Smart phones need effective and small memory solutions, such NAND flash, as mobile apps, high-resolution cameras, and sophisticated gaming experiences proliferate. Furthermore, faster data access is required due to the transition to 5G technologies and improved user experiences, which forces manufacturers to integrate cutting-edge NVM technologies and eventually propels market expansion in this sector.
The automotive segment is expected to have the highest CAGR during the forecast period
The automotive segment is anticipated to witness the highest CAGR during the forecast period, as vehicles progressively integrate advanced technologies. High-performance NVM solutions are needed for data processing and storage due to the demand for features like infotainment systems, advanced driver-assistance systems (ADAS), and electric vehicle (EV) applications. Furthermore, the necessity for dependable, quick, and long-lasting memory solutions is further highlighted by the push for connection and autonomous driving. The market potential is increased by the growing usage of NVM technology as automakers look to improve user experience and safety.
Region with largest share:
Asia Pacific is expected to have the largest market share during the forecast period. The need for consumer electronics is greatly increased by the dense populations of nations like China and India, which further drives the demand for cutting-edge memory solutions. This demand is further accelerated by the quick spread of smart devices, such as wearables and smartphones. Furthermore, the area is positioned as a global center for NVM production due to its strong semiconductor manufacturing capabilities.
Region with highest CAGR:
North America is projected to witness the highest CAGR over the forecast period, owing to the demand for modern storage solutions is greatly increased by the digital economy's and data centers' explosive growth, especially in the US and Canada. Furthermore, prominent IT companies' significant R&D expenditures encourage innovation in NVM systems. The demand for effective and dependable memory solutions across a range of applications, including the consumer electronics and automotive sectors, is further increased by the growing use of IoT devices and artificial intelligence.
Key players in the market
Some of the key players profiled in the Non-Volatile Memory Market include Samsung, Micron Technology, Intel, SK Hynix, Toshiba, Western Digital, Kioxia, Everspin Technologies, Cypress Semiconductor and Rambus.
Key Developments:
In September 2022, Western Digital announced advancements in its 3D NAND Flash technology, aimed at improving performance and cost efficiency for consumer and enterprise storage solutions.
In October 2021, Intel introduced the Optane Persistent Memory 200 series, which provides higher capacities and improved performance for data center applications.
In January 2021, Samsung launched the 980 PRO SSD, a high-performance NVMe drive featuring PCIe 4.0 support, aimed at gamers and professionals requiring high-speed storage.
In October 2020, Micron announced its latest 176-layer 3D NAND technology, designed to enhance storage density and performance for consumer and enterprise applications.
Types Covered:
• Traditional Non-Volatile Memory
• Next-Generation Non-Volatile Memory
• Other Types
Technologies Covered:
• Embedded NVM
• Discrete NVM
Storage Capacities Covered:
• Low Capacity (Up to 32 GB)
• Medium Capacity (32 GB to 256 GB)
• High Capacity (Above 256 GB)
Wafer Sizes Covered:
• 200 mm
• 300 mm
• 450 mm
Applications Covered:
• Smartphone
• Tablets
• Laptops
• Wearable Devices
• Advanced Driver Assistance Systems (ADAS)
• Infotainment Systems
• Electric Vehicles (EVs)
• Automation and Control Systems
• Robotics
• Servers
• Storage Arrays
• Routers
• Switches
• Medical Devices
• Diagnostics Equipment
• Other Applications
End Users Covered:
• Consumer Electronics
• Automotive
• Aerospace and Defense
• Telecommunications
• Healthcare
• IT and Data Storage
• Industrial Automation
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Non-Volatile Memory Market, By Type
5.1 Introduction
5.2 Traditional Non-Volatile Memory
5.2.1 Electrically Erasable Programmable Read-only Memory (EEPROM)
5.2.2 Nonvolatile SRAM
5.2.3 Erasable Programmable Read-Only Memory (EPROM)
5.3 Next-Generation Non-Volatile Memory
5.3.1 3D NAND
5.3.2 Magnetoresistive Random Access Memory (MRAM)
5.3.3 Ferroelectric Random Access Memory (FRAM)
5.3.4 Resistive Random-Access Memory (ReRAM or RRAM)
5.3.5 Non-volatile Dual In-line Memory Module (NVDIMM)
5.3.6 Phase Change Memory (PCM)
5.4 Other Types
6 Global Non-Volatile Memory Market, By Technology
6.1 Introduction
6.2 Embedded NVM
6.3 Discrete NVM
7 Global Non-Volatile Memory Market, By Storage Capacity
7.1 Introduction
7.2 Low Capacity (Up to 32 GB)
7.3 Medium Capacity (32 GB to 256 GB)
7.4 High Capacity (Above 256 GB)
8 Global Non-Volatile Memory Market, By Wafer Size
8.1 Introduction
8.2 200 mm
8.3 300 mm
8.4 450 mm
9 Global Non-Volatile Memory Market, By Application
9.1 Introduction
9.2 Smartphones
9.3 Tablets
9.4 Laptops
9.5 Wearable Devices
9.6 Advanced Driver Assistance Systems (ADAS)
9.7 Infotainment Systems
9.8 Electric Vehicles (EVs)
9.9 Automation and Control Systems
9.10 Robotics
9.11 Servers
9.12 Storage Arrays
9.13 Routers
9.14 Switches
9.15 Medical Devices
9.16 Diagnostics Equipment
9.17 Other Applications
10 Global Non-Volatile Memory Market, By End User
10.1 Introduction
10.2 Consumer Electronics
10.3 Automotive
10.4 Aerospace and Defense
10.5 Telecommunications
10.6 Healthcare
10.7 IT and Data Storage
10.8 Industrial Automation
10.9 Other End Users
11 Global Non-Volatile Memory Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Samsung
13.2 Micron Technology
13.3 Intel
13.4 SK Hynix
13.5 Toshiba
13.6 Western Digital
13.7 Kioxia
13.8 Everspin Technologies
13.9 Cypress Semiconductor
13.10 Rambus
List of Tables
1 Global Non-Volatile Memory Market Outlook, By Region (2022-2030) ($MN)
2 Global Non-Volatile Memory Market Outlook, By Type (2022-2030) ($MN)
3 Global Non-Volatile Memory Market Outlook, By Traditional Non-Volatile Memory (2022-2030) ($MN)
4 Global Non-Volatile Memory Market Outlook, By Electrically Erasable Programmable Read-only Memory (EEPROM) (2022-2030) ($MN)
5 Global Non-Volatile Memory Market Outlook, By Nonvolatile SRAM (2022-2030) ($MN)
6 Global Non-Volatile Memory Market Outlook, By Erasable Programmable Read-Only Memory (EPROM) (2022-2030) ($MN)
7 Global Non-Volatile Memory Market Outlook, By Next-Generation Non-Volatile Memory (2022-2030) ($MN)
8 Global Non-Volatile Memory Market Outlook, By 3D NAND (2022-2030) ($MN)
9 Global Non-Volatile Memory Market Outlook, By Magnetoresistive Random Access Memory (MRAM) (2022-2030) ($MN)
10 Global Non-Volatile Memory Market Outlook, By Ferroelectric Random Access Memory (FRAM) (2022-2030) ($MN)
11 Global Non-Volatile Memory Market Outlook, By Resistive Random-Access Memory (ReRAM or RRAM) (2022-2030) ($MN)
12 Global Non-Volatile Memory Market Outlook, By Non-volatile Dual In-line Memory Module (NVDIMM) (2022-2030) ($MN)
13 Global Non-Volatile Memory Market Outlook, By Phase Change Memory (PCM) (2022-2030) ($MN)
14 Global Non-Volatile Memory Market Outlook, By Other Types (2022-2030) ($MN)
15 Global Non-Volatile Memory Market Outlook, By Technology (2022-2030) ($MN)
16 Global Non-Volatile Memory Market Outlook, By Embedded NVM (2022-2030) ($MN)
17 Global Non-Volatile Memory Market Outlook, By Discrete NVM (2022-2030) ($MN)
18 Global Non-Volatile Memory Market Outlook, By Storage Capacity (2022-2030) ($MN)
19 Global Non-Volatile Memory Market Outlook, By Low Capacity (Up to 32 GB) (2022-2030) ($MN)
20 Global Non-Volatile Memory Market Outlook, By Medium Capacity (32 GB to 256 GB) (2022-2030) ($MN)
21 Global Non-Volatile Memory Market Outlook, By High Capacity (Above 256 GB) (2022-2030) ($MN)
22 Global Non-Volatile Memory Market Outlook, By Wafer Size (2022-2030) ($MN)
23 Global Non-Volatile Memory Market Outlook, By 200 mm (2022-2030) ($MN)
24 Global Non-Volatile Memory Market Outlook, By 300 mm (2022-2030) ($MN)
25 Global Non-Volatile Memory Market Outlook, By 450 mm (2022-2030) ($MN)
26 Global Non-Volatile Memory Market Outlook, By Application (2022-2030) ($MN)
27 Global Non-Volatile Memory Market Outlook, By Smartphones (2022-2030) ($MN)
28 Global Non-Volatile Memory Market Outlook, By Tablets (2022-2030) ($MN)
29 Global Non-Volatile Memory Market Outlook, By Laptops (2022-2030) ($MN)
30 Global Non-Volatile Memory Market Outlook, By Wearable Devices (2022-2030) ($MN)
31 Global Non-Volatile Memory Market Outlook, By Advanced Driver Assistance Systems (ADAS) (2022-2030) ($MN)
32 Global Non-Volatile Memory Market Outlook, By Infotainment Systems (2022-2030) ($MN)
33 Global Non-Volatile Memory Market Outlook, By Electric Vehicles (EVs) (2022-2030) ($MN)
34 Global Non-Volatile Memory Market Outlook, By Automation and Control Systems (2022-2030) ($MN)
35 Global Non-Volatile Memory Market Outlook, By Robotics (2022-2030) ($MN)
36 Global Non-Volatile Memory Market Outlook, By Servers (2022-2030) ($MN)
37 Global Non-Volatile Memory Market Outlook, By Storage Arrays (2022-2030) ($MN)
38 Global Non-Volatile Memory Market Outlook, By Routers (2022-2030) ($MN)
39 Global Non-Volatile Memory Market Outlook, By Switches (2022-2030) ($MN)
40 Global Non-Volatile Memory Market Outlook, By Medical Devices (2022-2030) ($MN)
41 Global Non-Volatile Memory Market Outlook, By Diagnostics Equipment (2022-2030) ($MN)
42 Global Non-Volatile Memory Market Outlook, By Other Applications (2022-2030) ($MN)
43 Global Non-Volatile Memory Market Outlook, By End User (2022-2030) ($MN)
44 Global Non-Volatile Memory Market Outlook, By Consumer Electronics (2022-2030) ($MN)
45 Global Non-Volatile Memory Market Outlook, By Automotive (2022-2030) ($MN)
46 Global Non-Volatile Memory Market Outlook, By Aerospace and Defense (2022-2030) ($MN)
47 Global Non-Volatile Memory Market Outlook, By Telecommunications (2022-2030) ($MN)
48 Global Non-Volatile Memory Market Outlook, By Healthcare (2022-2030) ($MN)
49 Global Non-Volatile Memory Market Outlook, By IT and Data Storage (2022-2030) ($MN)
50 Global Non-Volatile Memory Market Outlook, By Industrial Automation (2022-2030) ($MN)
51 Global Non-Volatile Memory Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
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The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
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