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Non-Volatile Memory Market Segmentation By Type (Electrically Addressed, Mechanically Addressed, FRAM, Zero-RAM, Nanobridge and Molecular); By Application (Automotive Application, Enterprise Storage, Consumer Electronics, Healthcare Monitoring, Industrial); By End-Use Industries (Telecom & IT, Healthcare, Automotive, Energy & Power and Manufacturing Industries) - Global Demand Analysis & Opportunity Outlook 2027

Published On : December, 2018 REP-ID-1124 Category: ICT & Electronics

Product Overview

Non-volatile memory is electrically programmable and erasable memory that is utilized for storing changes in a particular location within the storage device and is capable of retaining the change even in case of a power outage. Non-volatile memory is used for long term persistent storage of data. NVM uses user-configurable technology which does not need periodic refreshment of the memory. The memory devices such as flash disk, magnetic tapes and hard-disk are some of the major examples of NVM. Consumer electronics is one of the major application segments of the NVM. The main property of NVM is that it can store large data with less power usage and high reliability.

Market Size and Forecast

The global non-volatile memory market is anticipated to expand at a CAGR around 11% during 2017-2027. The growing demand for consumer wearable electronics and substitution of flash memory storage is expected to provide new growth opportunities for the non-volatile memory market.

The global non-volatile memory market can be segmented on the basis of type, application and end-use industries. On the basis of application type it is further sub-segmented into automotive application, enterprise storage, consumer electronics, healthcare monitoring, industrial and power & energy distribution. Consumer electronics sub-segmented is anticipated to grow at the fastest rate on the account of rapid development in electronics segment. The technological development such as 3D XPoint, MRAM, SONOS, NRAM, CBRAM, NVDIMM, FeRAM and etc, is anticipated to boost the market growth for non-volatile memory.

By region, global non-volatile memory market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. Asia Pacific is anticipated to be the dominating region of the global non-volatile memory market. This is attributed to the increasing population coupled with the rising disposable income of the population. Moreover, high penetration of smartphone that utilizes non -volatile memory is expected to upsurge the overall non-volatile memory market during the predicted period. In Asia Pacific region countries such as China, India, Japan, and South Korea are expected to contribute significant market share in the forthcoming years.

Market Segmentation

Our in-depth analysis segmented the global non-volatile memory market in the following segments:

By Type:

  • Electrically Addressed 
  • Emerging Memory (3D XPoint, MRAM, SONOS, NRAM, CBRAM, NVDIMM FeRAM)
  • NVRAM (Flash Memory and Solid-Stage Memory)
  • Mechanically Addressed 
  • Optical-Disc Drive
  • Magnetic Tape
  • Hard-Disk Drive
  • Holographic data storage
  • Millipede memory
  • FRAM
  • Zero-RAM
  • Nano bridge
  • Molecular

By Application:

  • Automotive Application
  • Enterprise Storage
  • Consumer Electronics
  • Healthcare Monitoring
  • Industrial

By End-Use Industries:

  • Telecom & IT
  • Healthcare
  • Automotive
  • Energy & Power
  • Manufacturing Industries

By Region

The global non-volatile memory market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Turkey Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (GCC, Israel, North Africa, South Africa, Rest of Middle East) Market size, Y-O-Y growth & Opportunity Analysis.

non volatile memory market Graph

Growth Drivers and Challenges

The increasing demand for storage devices is the major driver for the non -volatile memory market. The constant decrease in the profits of traditional memory storage devices is expected to further augment the demand for the non-volatile memory. Emergence of the technological developments related to memories is anticipated to boost the demand for the global non-volatile market.

The major restraints associated with the global non-volatile memory market are high design cost.

Key Players

  • Intel Corporation
  • Samsung Electronics Co. Ltd.
  • Crossbar Inc.
  • Sandisk Corporation
  • Toshiba Corporation
  • SK Hynix, Inc.
  • Fujitsu Ltd.
  • Micron Technology Corporation
  • Adesto Technologies
  • Viking Technology

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