Non-Volatile Memory Market Key Findings and Size by 2031
The Non-Volatile Memory Market is expected to register a CAGR of 10.8% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Type (Electrically Addressed, and Mechanically Addressed); End-Users (Automotive and Transportation, Consumer Electronics, Military and Aerospace, Telecommunication, Energy and Power, and Healthcare). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Non-Volatile Memory Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Non-Volatile Memory Market Segmentation
Type- Electrically Addressed
- Mechanically Addressed
- Automotive and Transportation
- Consumer Electronics
- Military and Aerospace
- Telecommunication
- Energy and Power
- Healthcare
Strategic Insights
Non-Volatile Memory Market Growth Drivers- Growing Demand for Data Storage in Consumer Electronics: The increasing reliance on data storage in consumer electronics such as smartphones, tablets, and laptops is driving the demand for non-volatile memory (NVM) solutions. NVM technologies like Flash memory and NAND provide high storage capacity, fast access speeds, and durability, making them ideal for storing large volumes of data in modern devices. The need for fast, persistent data storage is accelerating the market’s growth in consumer electronics.
- Expansion of Automotive and Industrial Applications: Non-volatile memory is gaining traction in the automotive and industrial sectors, where reliable and durable data storage is essential for applications like infotainment systems, electric vehicles (EVs), and industrial automation. These industries require NVM solutions that can operate under extreme conditions, ensuring long-term data retention and system reliability.
- Shift Towards 3D NAND Technology: One of the key trends in the NVM market is the shift toward 3D NAND technology, which stacks memory cells vertically to increase storage capacity and reduce the physical footprint. This technology is enabling higher storage densities at lower costs, meeting the growing demand for compact yet high-capacity storage solutions, especially in smartphones, SSDs, and data centers.
- Integration of NVM in Edge Computing and IoT: With the rise of edge computing and the Internet of Things (IoT), non-volatile memory is becoming essential for devices that require high-speed data storage and processing at the edge of the network. NVM solutions provide the necessary speed, durability, and data retention for IoT sensors, smart devices, and autonomous systems, facilitating real-time processing and decision-making.
- Growth in Data Centers and Cloud Storage: The growing demand for data storage in data centers and cloud computing presents significant opportunities for the NVM market. Non-volatile memory, particularly in the form of SSDs, offers faster data retrieval and higher efficiency, making it ideal for cloud infrastructure and big data applications. This is a lucrative opportunity as data storage needs continue to expand globally.
- Adoption in Automotive Electronics: The increasing use of electronics in automotive systems, including autonomous vehicles, electric vehicle (EV) batteries, and advanced driver-assistance systems (ADAS), is driving demand for non-volatile memory. NVM’s ability to store critical data even in the event of power loss makes it essential for automotive applications that require reliability and data persistence.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Non-Volatile Memory Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Non-Volatile Memory Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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Frequently Asked Questions
The Non-Volatile Memory Market is estimated to witness a CAGR of 10.8% from 2023 to 2031
The major factors driving the non-volatile memory market are:
1. Growing Need for Reliable Data Storage.
2.Advancements in Consumer Electronics and Automotive
The Rise of 3D NAND and Other Memory Technologies is likely to remain a key trend in the market.
Key players in the non-volatile memory market include Open-silicon, Samsung Electronics Co, Spin Transfer Technologies, Western Digital Corporation, Adesto Technologies , Cypress Semiconductor Corporation, Fujitsu Ltd, Crossbar Inc., Nantero, and Avalanche
Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation# as our team would review the same and check the feasibility
1. INTRODUCTION
1.1. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
2. KEY TAKEAWAYS
3. NON-VOLATILE MEMORYMARKET LANDSCAPE
3.1. OVERVIEW
3.2. MARKET SEGMENTATION
3.2.1. Non-Volatile Memory Market - By Type
3.2.2. Non-Volatile Memory Market - By End-User
3.2.3. Non-Volatile Memory Market - By Region
3.2.3.1. By Countries
3.2.4. PEST Analysis
3.2.4.1. North America - PEST Analysis
3.2.4.2. Europe - PEST Analysis
3.2.4.3. Asia Pacific (APAC) - PEST Analysis
3.2.4.4. Rest of World (RoW) - PEST Analysis
4. NON-VOLATILE MEMORYMARKET - KEY INDUSTRY DYNAMICS
4.1. KEY MARKET DRIVERS
4.2. KEY MARKET RESTRAINTS
4.3. KEY MARKET OPPORTUNITIES
4.4. FUTURE TRENDS
4.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
5. NON-VOLATILE MEMORY MARKET - GLOBAL MARKET ANALYSIS
5.1. NON-VOLATILE MEMORY- GLOBAL MARKET OVERVIEW
5.2. NON-VOLATILE MEMORY- GLOBAL MARKET AND FORECAST TO 2025
6. NON-VOLATILE MEMORYMARKET REVENUE AND FORECASTS TO 2028 -TYPE
6.1. OVERVIEW
6.2. TYPE MARKET FORECASTS AND ANALYSIS
6.3. ELECTRICALLY ADDRESSED MARKET
6.3.1. Overview
6.3.2. Electrically Addressed Market Forecasts and Analysis
6.3.2.1. Electrically Programmable read-only Memory (EPROM) Market
6.3.2.1.1. Overview
6.3.2.1.2. Electrically Programmable read-only Memory (EPROM) Market Forecasts and Analysis
6.3.2.2. Electrically Erasable Programmable Read Only Memory (EEPROM) Market
6.3.2.2.1. Overview
6.3.2.2.2. Electrically Erasable Programmable Read Only Memory (EEPROM) Market Forecasts and Analysis
6.3.2.3. Flash (NAND/NOR) Memory Market
6.3.2.3.1. Overview
6.3.2.3.2. Flash(NAND/NOR) Memory Market Forecasts and Analysis
6.3.2.4. Ferroelectric RAM (F-RAM) Market
6.3.2.4.1. Overview
6.3.2.4.2. Ferroelectric RAM (F-RAM) Market Forecasts and Analysis
6.3.2.5. Magnetoresistive RAM (MRAM) Market
6.3.2.5.1. Overview
6.3.2.5.2. Magnetoresistive RAM (MRAM) Market Forecasts and Analysis
6.3.2.6. Others Market
6.3.2.6.1. Overview
6.3.2.6.2. Others Market Forecasts and Analysis
6.4. MECHANICALLY ADDRESSED MARKET
6.4.1. Overview
6.4.2. Mechanically Addressed Market Forecasts and Analysis
7. NON-VOLATILE MEMORYMARKET REVENUE AND FORECASTS TO 2028 - END-USERS
7.1. OVERVIEW
7.2. END-USERS MARKET FORECASTS AND ANALYSIS
7.3. AUTOMOTIVE AND TRANSPORTATION MARKET
7.3.1. Overview
7.3.2. Automotive and Transportation market forecast and analysis
7.4. CONSUMER ELECTRONICS MARKET
7.4.1. Overview
7.4.2. Consumer Electronics market forecast and analysis
7.5. MILITARY AND AEROSPACEMARKET
7.5.1. Overview
7.5.2. Military and Aerospace market forecast and analysis
7.6. TELECOMMUNICATION MARKET
7.6.1. Overview
7.6.2. Telecommunication market forecast and analysis
7.7. ENERGY AND POWER MARKET
7.7.1. Overview
7.7.2. Energy and Power market forecast and analysis
7.8. OTHERS MARKET
7.8.1. Overview
7.8.2. Others market forecast and analysis
8. NON-VOLATILE MEMORYMARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
8.1. NORTH AMERICA
8.1.1. North America Non-Volatile Memory Market Overview
8.1.2. North America Non-Volatile Memory Market Forecasts and Analysis
8.1.3. North America Market Forecasts and Analysis - By Countries
8.1.3.1. US market
8.1.3.2. Canada market
8.1.3.3. Mexico market
8.1.4. North America Market Forecasts and Analysis - By Type
8.1.5. North America Market Forecasts and Analysis - By End-User
8.2. EUROPE
8.2.1. Europe Non-Volatile Memory Market Overview
8.2.2. Europe Non-Volatile Memory Market Forecasts and Analysis
8.2.3. Europe Market Forecasts and Analysis - By Countries
8.2.3.1. France market
8.2.3.2. Germany market
8.2.3.3. Italy market
8.2.3.4. Spain market
8.2.3.5. UK market
8.2.4. Europe Market Forecasts and Analysis - By Type
8.2.5. Europe Market Forecasts and Analysis - By End-User
8.3. ASIA PACIFIC (APAC)
8.3.1. Asia Pacific Non-Volatile Memory Market Overview
8.3.2. Asia Pacific Non-Volatile Memory Market Forecasts and Analysis
8.3.3. Asia Pacific Market Forecasts and Analysis - By Countries
8.3.3.1. Taiwan market
8.3.3.2. China market
8.3.3.3. South Korea market
8.3.3.4. Japan market
8.3.4. Asia Pacific Market Forecasts and Analysis - By Type
8.3.5. Asia Pacific Market Forecasts and Analysis - By End-User
8.4. REST OF WORLD (ROW)
8.4.1. Rest of World Non-Volatile Memory Market Overview
8.4.2. Rest of World Non-Volatile Memory Market Forecasts and Analysis
8.4.3. Rest of World Market Forecasts and Analysis - By Countries
8.4.3.1. South Africa market
8.4.3.2. Middle East market
8.4.3.3. South America market
8.4.3.4. Rest Market
8.4.4. Rest Of World Market Forecasts and Analysis - By Type
8.4.5. Rest of World Market Forecasts and Analysis - By End-User
9. INDUSTRY LANDSCAPE
9.1. MERGERS & ACQUISITIONS
9.2. MARKET INITIATIVES
9.3. NEW DEVELOPMENTS
9.4. INVESTMENT SCENARIOS
10. COMPETITIVE LANDSCAPE
10.1. COMPETITIVE COMPONENT MAPPING
10.2. MARKET POSITIONING/ MARKET SHARE
11. NON-VOLATILE MEMORYMARKET, KEY COMPANY PROFILES
11.1. AGIGA TECH
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Financial Overview
11.1.4. SWOT Analysis
11.1.5. Key Developments
11.2. MICRON TECHNOLOGY INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Financial Overview
11.2.4. SWOT Analysis
11.2.5. Key Developments
11.3. MACRONIX INTERNATIONAL CO., LTD.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Financial Overview
11.3.4. SWOT Analysis
11.3.5. Key Developments
11.4. SK HYNIX INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Financial Overview
11.4.4. SWOT Analysis
11.4.5. Key Developments
11.5. SANDISK
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Financial Overview
11.5.4. SWOT Analysis
11.5.5. Key Developments
11.6. HEWLETT PACKARD (HP) INC.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Financial Overview
11.6.4. SWOT Analysis
11.6.5. Key Developments
11.7. TOSHIBA CORP.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Financial Overview
11.7.4. SWOT Analysis
11.7.5. Key Developments
11.8. INTEL CORPORATION.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Financial Overview
11.8.4. SWOT Analysis
11.8.5. Key Developments
11.9. SAMSUNG ELECTRONICS CO., LTD.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Financial Overview
11.9.4. SWOT Analysis
11.9.5. Key Developments
11.10. FUJITSU LTD.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Financial Overview
11.10.4. SWOT Analysis
11.10.5. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
12.3. RESEARCH METHODOLOGY
1. AgigA Tech
2. Micron Technology Inc.
3. Macronix International Co., Ltd.
4. SK Hynix Inc
5. SANDISK
6. Hewlett PAckard (HP) INC.
7. Toshiba Corp.
8. Intel Corporation.
9. Samsung Electronics Co., Ltd.
10. Fujitsu Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.