Non-volatile memory market - Opportunities and forecast, 2018-2025

Posted September 22, 2020 by shaqibakram

The major driving factors responsible for the growth of this market are, the increasing use of high-performance smartphone which uses non-volatile memory are expected.....

Non-Volatile memory (NVM) is an electrically programmable and erasable device which is used to store changes in a specific location within the storage device and able to retain the change done even after power cut. Additionally, NVM utilizes user-configurable technology, which does not require periodic refreshment of the memory unlike the volatile memory. Flash memory, Hard disk, and magnetic tape are the most common examples of NVM. Some more examples of non-volatile memory which were used earlier are paper tape, punched cards, optical discs, floppy discs and ferroelectric RAM.

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The major driving factors responsible for the growth of this market are, the increasing use of high-performance smartphone which uses non-volatile memory are expected to boost the market growth of non-volatile memory. There has also been a significant increase in the disposable income of individuals which is generating demand and boosting the market growth. The smartphones use the advanced processors and non-volatile memory in order to enable fast data transfer. Apart from this various companies operating in this market are investing continuously in technological up gradation by increasing the storage capacity and lowering the power consumption of the devices. This factor directly drives the demand for the global non-volatile memory market. Presently, NVM find its wide application in data centres and consumer electronics, preventing the data loss with increase than the data transfer speed. However, the major restraining factors hampering the growth of this market are low write endurance rate and limited storage capacity.

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Key players in this market are Fujitsu Ltd., Sidense Corporation, Samsung Electronics Co., Ltd., Crossbar Inc., Adesto Technologies Corporation, Micron Technology Inc., Sandisk Corporation, Intel Corporation, Kilopass Technology Inc., and Viking Technology.

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Global Non-volatile Memory Market has been segmented on the basis of type of memory, application areas, by type of verticals and region. Based on the type of memory it is segmented as electrically addressed, mechanically addressed system and others. Based on application verticals it is segmented as Consumer Electronics, Healthcare Monitoring Application, Automotive & Transportation Application, Enterprise Storage, Industrial On the basis of type of Verticals, the market is segmented as Telecom & IT, Healthcare, Automotive, Energy & Power, Manufacturing Industries. The region in focus is entire world market. The report highlights the main market drivers fuelling the growth as well as challenges faced by market participants. The research report provides market size and forecast for the Non-volatile memory in global market. The competitive landscape section of the report captures and highlights the recent developments within the market.

Key questions answered in this research report:

At what pace is Global Non-volatile memory market growing? What will be growth trend in future?
What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in Non-volatile memory global market?
What are the various application areas and how they are poised to grow?

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Last Updated September 22, 2020