Non-Volatile Memory Market by Classification (Ferroelectric Random-access Memory, Magnetic Random-access Memory, NRAM), Wafer Size (200mm, 300mm, 450mm), End-User - Global Forecast 2024-2030

Non-Volatile Memory Market by Classification (Ferroelectric Random-access Memory, Magnetic Random-access Memory, NRAM), Wafer Size (200mm, 300mm, 450mm), End-User - Global Forecast 2024-2030

The Non-Volatile Memory Market size was estimated at USD 87.33 billion in 2023 and expected to reach USD 95.60 billion in 2024, at a CAGR 10.10% to reach USD 171.31 billion by 2030.

The non-volatile memory includes a range of memory technologies that retain data even when power is turned off. Common types of non-volatile memory include flash memory, EEPROM (Electrically Erasable Programmable Read-Only Memory), and 3D XPoint. Non-volatile memory is widely used in consumer electronics, enterprise storage, automotive, and industrial applications. Its capacity to store data persistently makes it ideal for smartphones, tablets, solid-state drives (SSDs), and other devices that require quick and reliable storage solutions. Increasing demand for high-performance data storage solutions across the consumer electronics and enterprise storage sectors is driving the market growth. Enhancements in technology that provide greater storage capacity, faster data access, and improved durability also contribute to market expansion. Additionally, the proliferation of IoT (Internet of Things) devices and the need for efficient, long-term data retention in various applications foster market growth. Technical limitations in scaling down the memory cells without compromising their performance or reliability hamper the market growth. Emerging technologies such as wearable tech, smart home devices, and advancements in automotive electronics present new opportunities for the non-volatile memory market. The development of edge computing and 5G technology is also anticipated to create novel applications for non-volatile memory, driving the need for innovative storage solutions that are both fast and reliable.

Regional Insights

In the Americas, the non-volatile memory market is rapidly growing due to its strong technological infrastructure and the presence of major players in the semiconductor industry. Consumer needs in the region are driven by the demand for higher-performance storage solutions and the increasing adoption of cloud services. Customers in South America exhibit a preference for high-speed and high-capacity memory for applications in mobile devices, data centers, and emerging technologies such as the Internet of Things (IoT). European Union (EU) countries have a strong focus on data security and user privacy, which is reflected in their non-volatile memory market. Upcoming General Data Protection Regulation (GDPR) compliance is exerting influence on storage technologies, driving EU customers towards non-volatile storage solutions that offer advanced encryption and data protection features. The Middle East and Africa are emerging markets with a steadily growing appetite for advanced technologies. Investments across the AsiaPacific region in the non-volatile memory sector are robust, with heavy financing in research centers, manufacturing facilities, and the development of new storage technologies. Asia-Pacific region's rapid adoption of 5G technology, further drives innovation in memory products to meet the needs of high-speed data processing and storage.

Market Insights

• Market Dynamics
  
  The market dynamics represent an ever-changing landscape of the Non-Volatile Memory Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
  • Market Drivers
    • Rapid Digitalization and Demand for Storage Applications
    • Shift From Hard State Drive to Solid State Drives
    • Market Restraints
      • High Cost and Limited Lifetime of Non-Volatile Memory
      • Market Opportunities
        • Introduction of Advanced Industrial Grade Flash Memory
        • Penetration of Emerging Non-Volatile Memory Devices
        • Market Challenges
          • Performance Issues Associated with Non-Volatile Memory Devices
          • Market Segmentation Analysis
            • Classification: Growing usage of ferroelectric random-access memory (FeRAM) for its fast read and write speeds
            • End-User: Rising potential of non-volatile memory across the energy & power sector that can withstand various temperatures and electrical disturbances
            • Market Disruption Analysis
            • Porter’s Five Forces Analysis
            • Value Chain & Critical Path Analysis
            • Pricing Analysis
            • Technology Analysis
            • Patent Analysis
            • Trade Analysis
            • Regulatory Framework Analysis
            FPNV Positioning Matrix
            
            The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Non-Volatile Memory Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
            
            Market Share Analysis
            
            The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Non-Volatile Memory Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
            
            Recent Developments
            • Fujitsu Launches Automotive Grade I2C-interface 512Kbit FeRAM with 125°C Operation
              
              Fujitsu Semiconductor Memory Solution Limited unveiled the MB85RC512LY FeRAM, featuring an I2C interface with an unrivaled capacity of 512Kbit, the most substantial density available within their automotive-grade non-volatile memory offerings. This FeRAM stands out for its exceptional durability, boasting an extraordinary endurance of 10 trillion read/write cycles, even at elevated temperatures up to 125°C. Designed to meet the rigorous demands of industrial robotics and automotive systems, particularly Advanced Driver-Assistance Systems (ADAS), the MB85RC512LY ensures seamless integration for customers already employing I2C interfaces, providing a straightforward solution for memory components that require minimal design changes during product development.
              
              NXP and TSMC to Deliver Industry’s First Automotive 16 nm FinFET Embedded MRAM
              
              NXP Semiconductors unveiled a groundbreaking partnership with TSMC that is set to revolutionize the automotive industry. This collaboration heralds the introduction of the world’s premier 16 nm FinFET technology-based automotive embedded Magnetic Random Access Memory (MRAM). Designed to address the crucial demands of software-defined vehicles (SDVs), which necessitate robust support for long-term software upgradability within a fixed hardware framework, this innovation integrates the remarkable performance of NXP's advanced S32 automotive processors with the swift and dependable capabilities of next-gen non-volatile memory.
              
              Infineon Enables Next-Generation Automotive E/E Architectures With Industry’s First LPDDR Flash Memory
              
              Infineon Technologies AG unveiled a groundbreaking advancement in automotive memory technology with its latest offering, the SEMPER X1 LPDDR Flash memory. Designed to cater to the burgeoning needs of next-gen automotive E/E architectures, the SEMPER X1 stands as the inaugural LPDDR Flash memory within the industry. Infineon's strategic move addresses the escalating demand for higher-performing memories necessitated by advanced multi-core processors and intricate automotive systems, marking a significant leap in-memory technology for the automotive sector.
            Strategy Analysis & Recommendation
            
            The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Non-Volatile Memory Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
            
            Key Company Profiles
            
            The report delves into recent significant developments in the Non-Volatile Memory Market, highlighting leading vendors and their innovative profiles. These include ATP Electronics, Inc., Avalanche Technology Inc., CrossBar, Inc., Everspin Technologies, Inc., Flexxon Pte Ltd., Fujitsu Limited, Hewlett Packard Enterprise Development LP, Infineon Technologies AG, Intel Corporation, KIOXIA Holdings Corporation, Microchip Technology Inc., Micron Technology, Inc., Nantero, Inc., NVMdurance Ltd., Pure Storage, Inc., Renesas Electronics Corporation, Samsung Electronics Co., Ltd., SK hynix Co., Ltd., SkyHigh Memory Limited, SMART Modular Technologies, Inc., STMicroelectronics N.V., Synopsys, Inc., Toshiba Corporation, Viking Technologies, Inc., Western Digital Corporation, and Windbond Electronics Corporation.
            
            Market Segmentation & Coverage
            
            This research report categorizes the Non-Volatile Memory Market to forecast the revenues and analyze trends in each of the following sub-markets:
            • Classification
              • Ferroelectric Random-access Memory
              • Magnetic Random-access Memory
                • DRAM
                  • Millipede
                  • FLASH
                    • NAND Flash
                    • NOR Flash
                    • SRAM
                      • nvSRAM
                      • NRAM
                      • Phase-change Memory
                      • Quantum-dots
                      • ReRAM/CBRAM
                      • RRAM
                        • EPROM
                        • SPROM
                        • Wafer Size
                          • 200mm
                          • 300mm
                          • 450mm
                          • End-User
                            • Agricultural
                            • Automotive & Transportation
                            • Consumer Electronics
                            • Energy & Power
                            • Enterprise Storage
                            • Healthcare
                            • Industrial
                            • Military & Aerospace
                            • Retail & Consumer Goods
                            • Telecommunication
                            • Region
                              • Americas
                                • Argentina
                                • Brazil
                                • Canada
                                • Mexico
                                • United States
                                  • California
                                  • Florida
                                  • Illinois
                                  • New York
                                  • Ohio
                                  • Pennsylvania
                                  • Texas
                                  • Asia-Pacific
                                    • Australia
                                    • China
                                    • India
                                    • Indonesia
                                    • Japan
                                    • Malaysia
                                    • Philippines
                                    • Singapore
                                    • South Korea
                                    • Taiwan
                                    • Thailand
                                    • Vietnam
                                    • Europe, Middle East & Africa
                                      • Denmark
                                      • Egypt
                                      • Finland
                                      • France
                                      • Germany
                                      • Israel
                                      • Italy
                                      • Netherlands
                                      • Nigeria
                                      • Norway
                                      • Poland
                                      • Qatar
                                      • Russia
                                      • Saudi Arabia
                                      • South Africa
                                      • Spain
                                      • Sweden
                                      • Switzerland
                                      • Turkey
                                      • United Arab Emirates
                                      • United Kingdom
                                      
                                      
                                      Please Note: PDF & Excel + Online Access - 1 Year