Next-Generation Memory Market Segmentation by Technology [Non-Volatile Memory (MRAM, FRAM, ReRAM, 3D XPoint, NRAM, and Others), and Volatile Memory {Hybrid Memory Cube (HMC), and High-Bandwidth Memory (HBM)}]; by Storage Type (Mass Storage, Embedded Storage, and Others); by Size (200mm, 300mm, and 450mm); and by End-Use Industry (Enterprises, Consumer Electronics, Automotive & Transportation, and Others) – Global Demand Analysis & Opportunity Outlook 2020-2030

Global Next-Generation Memory Market Highlights Over 2020 - 2030

The global next-generation memory market is estimated to garner a revenue of USD 30069.1 Million by the end of 2030, by growing at a CAGR of 27.85% over the forecast period, i.e., 2021 – 2030. Moreover, in the year 2020, the market garnered a revenue of USD 2885.4 Million. The growth of the market can be attributed to the rising demand for universal memory devices, backed by the numerus benefits associated with the memory type. A universal memory device refers to a data storage device that combines the cost benefits of DRAM, the speed of SRAM, and the non-volatility of flash memory. The rising advancements in the development of advanced memory solutions, is also expected to contribute to the market growth in the coming years. For instance, Lancaster University recently developed a non-volatile RAM, known as the ULTRARAM, which has the advantages of DRAM and flash with no notable drawbacks. Besides this, the rise in demand for faster, efficient, and cost-effective memory solutions, backed by the increasing advancements in computing technology, and surge in cryptocurrency mining worldwide, is also expected to generate significant opportunities for market growth in the coming years.

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The global next-generation memory market is also anticipated to grow on account of the rising need for high bandwidth, low power consuming, and high scalable memory devices, backed by the surge in the adoption of advanced technologies, such as big data, artificial intelligence (AI), machine learning (ML), cloud computing, and others. For instance, advanced network systems, which use data packet buffering, data packet processing, and cloud storage systems, require data transfer speeds of more than 100Gb/s. As a result, volatile memory solutions, such as hybrid memory cube (HMC) and high-bandwidth memory (HBM), which are known to have speeds of over 160Gb/s and 128Gb/s respectively, are used widely to match the requirements of high data transfer speeds. On the other hand, Intel and Micron recently announced the launch of 3D XPoint technology that brought non-volatile memory speeds up to 1000 times faster than NAND memory. Additionally, the rising sales of computing devices, such as desktop PCs, laptops, tablets, and smartphones, is also expected to drive the demand for next-generation memory solutions, and in turn, boost the market growth. For instance, the shipment of laptops increased from around 160 Million units in the year 2016 to close to 270 million units in the year 2025. Alternatively, the yearly smartphone unit sales worldwide to the end-users touched nearly 1.40 Billion in the year 2020. 

Global Next-Generation Memory Market Regional Synopsis

Regionally, the global next-generation memory market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific is anticipated to garner the largest revenue of USD 17849.0 Million by the end of 2030. Moreover, the market registered a revenue of USD 1674.1 Million in the year 2020. One of the major factors anticipated to drive the growth of the market in the region is the rise in demand for advanced computing devices. Several countries in the region have witnessed a surge in growth in the use of internet. As a result, there is a growing need amongst the internet users for advanced computing products, which in turn, is anticipated to drive the demand for next-generation memory devices. According to the statistics by the International Telecommunication Union (ITU), the number of individuals using the internet in Asia & Pacific increased from 355 Million in the year 2005 to 1901 Million in the year 2019.

The market in the region is further segmented by country into China, India, Australia, Japan, South Korea, and the Rest of Asia Pacific. Amongst the market in these nations, the market in China is expected to generate the largest revenue of USD 7469.8 Million by the end of 2030, up from a revenue of USD 684.9 Million in the year 2020.

The study further incorporates Y-O-Y Growth, market opportunities, demand & supply and forecast future opportunity in North America (United States, Canada, Mexico), South America, Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).

Growth Drivers and Challenges Impacting the Growth of the Global Next-Generation Memory Market

Growth Drivers

• Rising Demand for Universal Memory Devices
• Growing Adoption of AI, IoT, Big Data, and Others

Challenges

• Lack of Stability of Memory Devices

Global Next-Generation Memory Market Segmentation Synopsis

The global next-generation memory market is segmented by technology into non-volatile memory, and volatile memory. Out of these, the non-volatile memory segment is anticipated to garner the largest revenue by the end of 2030, and also grow with the highest CAGR of 28.03% during the forecast period. The segment is further divided into magneto-resistive random-access memory (MRAM), ferroelectric RAM (FRAM), resistive RAM (ReRAM), 3D XPoint (Quantx & Optane), nano RAM (NRAM), and others. Out of these, magneto-resistive RAM (MRAM) segment is expected to generate the largest revenue of USD 9526.0 Million by the end of 2030. On the other hand, the volatile memory segment is further divided into hybrid memory cube (HMC) and high-bandwidth memory (HBM), out of which, the hybrid memory cube (HMC) segment is expected to generate the highest market share by the end of 2030, while the high-bandwidth memory (HBM) segment is expected to grow with the highest CAGR of 27.42% during the forecast period. By storage type, the market is further segmented into mass storage, embedded storage, and others. Out of these segments, the mass storage segment is anticipated to garner the largest revenue of USD 18327.4 Million by the end of 2030, up from a revenue of USD 1788.7 Million in the year 2020. On the basis of size, the market is segmented into 200mm, 300mm, and 450mm. Out of these, the 300mm segment is projected to display the largest revenue of USD 18443.6 Million by the end of 2030. The market is also segmented on the basis of end-use industry into enterprises, consumer electronics, automotive & transportation, telecommunications, military & aerospace, energy & power, banking & financial services, healthcare, and others. Out of these, the enterprises segment is expected to garner the largest revenue of USD 11414.3 Million by the end of 2030.

Key Companies Dominating the Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global next-generation memory market that are included in our report are Samsung Electronics Co., Ltd., Micron Technology, Inc., Cypress Semiconductor Corporation, Everspin Technologies Inc., NXP Semiconductors, KIOXIA Corporation, Intel Corporation, Avalanche Technology, IBM Corporation, Fujitsu Limited, Western Digital Corporation, CrossBar, Inc., SK HYNIX INC., and others.

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