Non-Volatile Memory Market- Growth, Size, Value Share, Key Players Strategy

Posted by Savni on November 18th, 2019

Global Non-Volatile Memory Market Research Report: by Type (Traditional, Emerging), by Application (Health & Monitoring, Enterprise Storage, Industrial), Vertical (IT & Telecommunication, Automotive, Energy & Power, Manufacturing) – Forecast till 2023

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. 

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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.

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.

Regional Analysis:

The global non-volatile memory market is studied in Asia Pacific, North America, Europe, and Rest of the World. It has been observed that Asia Pacific is estimated to account for the largest share of the market, whereas North America is projected to grow at the fastest rate during the forecast period. The growth of market in Asia Pacific is attributed to technological advancements and increased adoption of high speed and low power consuming memory devices across various industry verticals. Also, presence of technological giants like Samsung and Hynix is another major factor boosting the market growth in the region

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Key Players:

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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