Non-Volatile Memory Market Growth Factors, New Project Investment, Regional Analysis and Global Forecast 2023 | MRFR

Market Scenario

Non-volatile memory refers to computer memory which has the capability to hold or save data. Unlike volatile memory, it does not require memory data to be periodically refreshed. Non-volatile memory is used for storing digital media and is typically used for secondary or long term storage.

Technology giants such as Samsung Electronics Co., Ltd., Toshiba Corporation, Micron Technology, Inc., SK Hynix, Inc., Western Digital Corporation, Fujitsu Ltd, Intel Corporation and IBM Corporation are a few major players in the global non-volatile memory market. Kilopass has announced that their high capacity OTP NVM is designed into Montage Technology Group Limited’s next generation set-top box chips.They are targeting emerging market environments with challenging operating conditions. Kilopass’ Anti-Fuse NVM OTP IP provides HDMI and conditional access security keys hack-resistance storage for ultimate protection of content and network access. Whereas, SK Hynix wins Toshiba Memory unit deal. SK Hynix has succeeded in acquiring the memory chip business of the world’s second largest NAND provider Toshiba. Now SK Hynix will be able to maintain its competitiveness in the NAND flash sector.

Increasing use of highly scalable memory devices and growing demand for non-volatile memory in connected and wearable devices market are major factors driving the growth of the global non-volatile memory market. Furthermore, increasing deployment of non-volatile memory in banking and financial services sector is boosting the growth of the market.

The traditional non-volatile memory segment is expected to hold the largest market share of the overall market. The segment is further classified into FLASH, non-volatile SRAM, embedded non-volatile memory, EPROM and SPROM. Whereas, the emerging segment is expected to grow at the highest rate. It is further classified into 3D NAND, magneto resistive RAM, Ferroelectric RAM, resistive RAM, 3D Xpoint and others.

The North American region holds the largest share of the market across the globe followed by Europe, and Asia Pacific region. The U.S. and Canada are dominating the North America market due to rising technological enhancements and proliferation of intelligent connected devices in the region. Moreover, the region has a well-established infrastructure, which allows faster implementation of advanced technologies. Additionally, the growing adoption of cloud based CRM modules is another major factor driving the growth of the non-volatile memory market in the region.

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Key Players

 

Some of the prominent players in the global non-volatile memory market are Samsung Electronics Co., Ltd. (South Korea), Toshiba Corporation (Japan), Micron Technology, Inc. (U.S.), SK Hynix, Inc. (South Korea), Western Digital Corporation (U.S.), Fujitsu Ltd (U.S.), Intel Corporation (U.S.), IBM Corporation (U.S.), Nantero (U.S.), Crossbar Inc. (U.S.), Synopsys Inc. (UK), Adesto Technologies (U.S.), Everspin Technologies (U.S.), Viking Technology (U.S.), Kilopass Technology Inc. (U.S.), Avalanche (U.S.), Cypress Semiconductor Corporation (U.S.), NXP Semiconductor (Netherlands), Rambus (U.S.), Texas Instruments (U.S.), Spin Transfer Technologies (U.S.), 4DS (Australia) and Open-silicon (U.S.).

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Segments

The global non-volatile Memory market is segmented by type, application and vertical. Based on the type, the market is segmented into traditional and emerging. The traditional segment is further classified into FLASH, non-volatile SRAM, embedded non-volatile memory, EPROM and SPROM. The emerging segment is further classified into 3D NAND, magneto resistive RAM, Ferroelectric RAM, resistive RAM, 3D Xpoint and others. Based on the application, the market is segmented into consumer electronics, health & monitoring, enterprise storage, industrial and others. Whereas, based on the vertical, the market is segmented into IT & telecommunication, healthcare, automotive, energy & power, manufacturing and others.

Competitive Landscape

The brisk technological advancement is creating huge opportunities for introduction of high-tech storage devices embedded with non-volatile memory or secondary memory, which in turn is strengthening the competition among the players in the global non-volatile memory market. The rising amount of investments in research and development for new product launch and strategic mergers and acquisitions by the manufacturers are aiding in the expansion of their businesses on a global level.

On 17th July 2018, Intel and Micron have announced that their development partnership of the non-volatile memory technology would come to an end after the conclusion of second-generation 3D Xpoint. The development of non-volatile memory technology will be pursued independently by both the companies from the first half of 2019.

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