Non-Volatile Memory
Non-Volatile Memory Market by Classification (Ferroelectric Random-access Memory, Magnetic Random-access Memory, NRAM), Wafer Size (200mm, 300mm, 450mm), End-User - Global Forecast 2024-2030
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[185 Pages Report] The Non-Volatile Memory Market size was estimated at USD 87.33 billion in 2023 and expected to reach USD 95.60 billion in 2024, at a CAGR 10.10% to reach USD 171.31 billion by 2030.

The non-volatile memory includes a range of memory technologies that retain data even when power is turned off. Common types of non-volatile memory include flash memory, EEPROM (Electrically Erasable Programmable Read-Only Memory), and 3D XPoint. Non-volatile memory is widely used in consumer electronics, enterprise storage, automotive, and industrial applications. Its capacity to store data persistently makes it ideal for smartphones, tablets, solid-state drives (SSDs), and other devices that require quick and reliable storage solutions. Increasing demand for high-performance data storage solutions across the consumer electronics and enterprise storage sectors is driving the market growth. Enhancements in technology that provide greater storage capacity, faster data access, and improved durability also contribute to market expansion. Additionally, the proliferation of IoT (Internet of Things) devices and the need for efficient, long-term data retention in various applications foster market growth. Technical limitations in scaling down the memory cells without compromising their performance or reliability hamper the market growth. Emerging technologies such as wearable tech, smart home devices, and advancements in automotive electronics present new opportunities for the non-volatile memory market. The development of edge computing and 5G technology is also anticipated to create novel applications for non-volatile memory, driving the need for innovative storage solutions that are both fast and reliable.

Regional Insights

In the Americas, the non-volatile memory market is rapidly growing due to its strong technological infrastructure and the presence of major players in the semiconductor industry. Consumer needs in the region are driven by the demand for higher-performance storage solutions and the increasing adoption of cloud services. Customers in South America exhibit a preference for high-speed and high-capacity memory for applications in mobile devices, data centers, and emerging technologies such as the Internet of Things (IoT). European Union (EU) countries have a strong focus on data security and user privacy, which is reflected in their non-volatile memory market. Upcoming General Data Protection Regulation (GDPR) compliance is exerting influence on storage technologies, driving EU customers towards non-volatile storage solutions that offer advanced encryption and data protection features. The Middle East and Africa are emerging markets with a steadily growing appetite for advanced technologies. Investments across the AsiaPacific region in the non-volatile memory sector are robust, with heavy financing in research centers, manufacturing facilities, and the development of new storage technologies. Asia-Pacific region's rapid adoption of 5G technology, further drives innovation in memory products to meet the needs of high-speed data processing and storage.

Non-Volatile Memory Market
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Market Dynamics

The market dynamics represent an ever-changing landscape of the Non-Volatile Memory Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

  • Market Drivers
    • Rapid Digitalization and Demand for Storage Applications
    • Shift From Hard State Drive to Solid State Drives
  • Market Restraints
    • High Cost and Limited Lifetime of Non-Volatile Memory
  • Market Opportunities
    • Introduction of Advanced Industrial Grade Flash Memory
    • Penetration of Emerging Non-Volatile Memory Devices
  • Market Challenges
    • Performance Issues Associated with Non-Volatile Memory Devices
Market Segmentation Analysis
  • Classification: Growing usage of ferroelectric random-access memory (FeRAM) for its fast read and write speeds

    Ferroelectric RAM is a type of non-volatile memory known for its fast read and write speeds, low power consumption, and high endurance. It works by utilizing the polarization of ferroelectric material to store information. The need for FeRAM is primarily in applications requiring fast access to memory with extensive write cycles, such as embedded systems and smart cards. Magnetic random-access memory (MRAM) utilizes magnetism to store data and offers distinctive advantages, including persistence after power loss, high endurance, and high-speed operations. It is particularly suited for use in enterprise storage applications, industrial IoT, and computing devices where non-volatile memory with high endurance is crucial. Nanotube-based random-access memory (NRAM) leverages the unique properties of carbon nanotubes, making it highly durable and fast. With its robustness against high temperatures and resistance to environmental forces, NRAM is ideal for aerospace, military, and server-side applications. Phase-change memory (PCM) is known for its ability to scale below other memory technologies and retain data without power by changing the physical state of materials between amorphous and crystalline forms. High-performance computing and storage class memory solutions often incorporate PCM for its speed and endurance over flash memory. Quantum dots are semiconductor particles that can represent bits for quantum computing. This technology is in the exploratory stage and is a potential game-changer for computing generally, not just memory. Quantum-dot-based memory could surpass existing non-volatile memories in speed and storage density, making it attractive for future technologies that require immense computational power. ReRAM and CBRAM technologies operate by creating and disrupting conductive paths within a dielectric material, hence storing data. They are appealing for applications that necessitate high density, low power consumption, and scalability, such as mobile devices and SSDs. Resistive random-access memory (RRAM) is often discussed on its own due to its specific resistance-switching mechanism and integration strategies. RRAM boasts high storage density and low power operation, suitable for a wide range of electronic devices and computing systems.

  • End-User: Rising potential of non-volatile memory across the energy & power sector that can withstand various temperatures and electrical disturbances

    In agriculture, non-volatile memory is utilized for data storage in precision farming equipment, sensors, and monitoring devices. The primary need here is for robust, low-power memory solutions that can operate effectively in various environmental conditions. For the automotive & transportation sector, non-volatile memory is critical for advanced driver-assistance systems (ADAS), infotainment, and navigation systems. High reliability and endurance are the main attributes sought to ensure safety and performance in vehicles. In consumer electronics, non-volatile memory is central to products such as smartphones, tablets, and PCs. High-density, fast, and cost-effective memory solutions are preferred to enhance user experience and device functionality. The energy & power industry employs non-volatile memory in smart grid technology and energy storage systems. The emphasis is on high-capacity and durable memory that can withstand various temperatures and electrical disturbances. For enterprise storage, non-volatile memory is leveraged within data centers for solid-state drives (SSDs) and storage-class memory. The requirement is for highly reliable memory with large storage capacities and fast access speeds to handle massive data workloads. Non-volatile memory in healthcare facilitates the storage of patient records, and imaging data and supports the operation of medical devices. The memory used must be ultra-reliable and secure to comply with stringent regulatory standards. Within the industrial sector, non-volatile memory is crucial for automation systems, industrial PCs, and IoT devices. Industrial users prefer ruggedized memory modules that can endure harsh industrial environments and offer longevity. Military & aerospace applications demand non-volatile memory for navigation systems, communication equipment, and avionics. The sought-after specifications include high-level security features, extreme temperature resilience, and shock resistance. Retail & consumer goods utilize non-volatile memory in point-of-sale (POS) terminals, inventory management systems, and digital signage. The retail sector favors cost-effective, reliable memory solutions that can support comprehensive data analytics. Telecommunication relies on non-volatile memory for network infrastructure, base stations, and switch routers. Memory technologies that offer high speeds, scalability, and power efficiency are critical in this rapidly evolving and data-driven industry.

Market Disruption Analysis

The market disruption analysis delves into the core elements associated with market-influencing changes, including breakthrough technological advancements that introduce novel features, integration capabilities, regulatory shifts that could drive or restrain market growth, and the emergence of innovative market players challenging traditional paradigms. This analysis facilitates a competitive advantage by preparing players in the Non-Volatile Memory Market to pre-emptively adapt to these market-influencing changes, enhances risk management by early identification of threats, informs calculated investment decisions, and drives innovation toward areas with the highest demand in the Non-Volatile Memory Market.

Porter’s Five Forces Analysis

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Non-Volatile Memory Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

Value Chain & Critical Path Analysis

The value chain of the Non-Volatile Memory Market encompasses all intermediate value addition activities, including raw materials used, product inception, and final delivery, aiding in identifying competitive advantages and improvement areas. Critical path analysis of the <> market identifies task sequences crucial for timely project completion, aiding resource allocation and bottleneck identification. Value chain and critical path analysis methods optimize efficiency, improve quality, enhance competitiveness, and increase profitability. Value chain analysis targets production inefficiencies, and critical path analysis ensures project timeliness. These analyses facilitate businesses in making informed decisions, responding to market demands swiftly, and achieving sustainable growth by optimizing operations and maximizing resource utilization.

Pricing Analysis

The pricing analysis comprehensively evaluates how a product or service is priced within the Non-Volatile Memory Market. This evaluation encompasses various factors that impact the price of a product, including production costs, competition, demand, customer value perception, and changing margins. An essential aspect of this analysis is understanding price elasticity, which measures how sensitive the market for a product is to its price change. It provides insight into competitive pricing strategies, enabling businesses to position their products advantageously in the Non-Volatile Memory Market.

Technology Analysis

The technology analysis involves evaluating the current and emerging technologies relevant to a specific industry or market. This analysis includes breakthrough trends across the value chain that directly define the future course of long-term profitability and overall advancement in the Non-Volatile Memory Market.

Patent Analysis

The patent analysis involves evaluating patent filing trends, assessing patent ownership, analyzing the legal status and compliance, and collecting competitive intelligence from patents within the Non-Volatile Memory Market and its parent industry. Analyzing the ownership of patents, assessing their legal status, and interpreting the patents to gather insights into competitors' technology strategies assist businesses in strategizing and optimizing product positioning and investment decisions.

Trade Analysis

The trade analysis of the Non-Volatile Memory Market explores the complex interplay of import and export activities, emphasizing the critical role played by key trading nations. This analysis identifies geographical discrepancies in trade flows, offering a deep insight into regional disparities to identify geographic areas suitable for market expansion. A detailed analysis of the regulatory landscape focuses on tariffs, taxes, and customs procedures that significantly determine international trade flows. This analysis is crucial for understanding the overarching legal framework that businesses must navigate.

Regulatory Framework Analysis

The regulatory framework analysis for the Non-Volatile Memory Market is essential for ensuring legal compliance, managing risks, shaping business strategies, fostering innovation, protecting consumers, accessing markets, maintaining reputation, and managing stakeholder relations. Regulatory frameworks shape business strategies and expansion initiatives, guiding informed decision-making processes. Furthermore, this analysis uncovers avenues for innovation within existing regulations or by advocating for regulatory changes to foster innovation.

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Non-Volatile Memory Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Non-Volatile Memory Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments
  • Fujitsu Launches Automotive Grade I2C-interface 512Kbit FeRAM with 125°C Operation

    Fujitsu Semiconductor Memory Solution Limited unveiled the MB85RC512LY FeRAM, featuring an I2C interface with an unrivaled capacity of 512Kbit, the most substantial density available within their automotive-grade non-volatile memory offerings. This FeRAM stands out for its exceptional durability, boasting an extraordinary endurance of 10 trillion read/write cycles, even at elevated temperatures up to 125°C. Designed to meet the rigorous demands of industrial robotics and automotive systems, particularly Advanced Driver-Assistance Systems (ADAS), the MB85RC512LY ensures seamless integration for customers already employing I2C interfaces, providing a straightforward solution for memory components that require minimal design changes during product development. [Published On: 2023-08-07]

  • NXP and TSMC to Deliver Industry’s First Automotive 16 nm FinFET Embedded MRAM

    NXP Semiconductors unveiled a groundbreaking partnership with TSMC that is set to revolutionize the automotive industry. This collaboration heralds the introduction of the world’s premier 16 nm FinFET technology-based automotive embedded Magnetic Random Access Memory (MRAM). Designed to address the crucial demands of software-defined vehicles (SDVs), which necessitate robust support for long-term software upgradability within a fixed hardware framework, this innovation integrates the remarkable performance of NXP's advanced S32 automotive processors with the swift and dependable capabilities of next-gen non-volatile memory. [Published On: 2023-05-16]

  • Infineon Enables Next-Generation Automotive E/E Architectures With Industry’s First LPDDR Flash Memory

    Infineon Technologies AG unveiled a groundbreaking advancement in automotive memory technology with its latest offering, the SEMPER X1 LPDDR Flash memory. Designed to cater to the burgeoning needs of next-gen automotive E/E architectures, the SEMPER X1 stands as the inaugural LPDDR Flash memory within the industry. Infineon's strategic move addresses the escalating demand for higher-performing memories necessitated by advanced multi-core processors and intricate automotive systems, marking a significant leap in-memory technology for the automotive sector. [Published On: 2023-04-20]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Non-Volatile Memory Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Non-Volatile Memory Market, highlighting leading vendors and their innovative profiles. These include ATP Electronics, Inc., Avalanche Technology Inc., CrossBar, Inc., Everspin Technologies, Inc., Flexxon Pte Ltd., Fujitsu Limited, Hewlett Packard Enterprise Development LP, Infineon Technologies AG, Intel Corporation, KIOXIA Holdings Corporation, Microchip Technology Inc., Micron Technology, Inc., Nantero, Inc., NVMdurance Ltd., Pure Storage, Inc., Renesas Electronics Corporation, Samsung Electronics Co., Ltd., SK hynix Co., Ltd., SkyHigh Memory Limited, SMART Modular Technologies, Inc., STMicroelectronics N.V., Synopsys, Inc., Toshiba Corporation, Viking Technologies, Inc., Western Digital Corporation, and Windbond Electronics Corporation.

Non-Volatile Memory Market - Global Forecast 2024-2030
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Market Segmentation & Coverage

This research report categorizes the Non-Volatile Memory Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Classification
    • Ferroelectric Random-access Memory
    • Magnetic Random-access Memory
      • DRAM
        • Millipede
      • FLASH
        • NAND Flash
        • NOR Flash
      • SRAM
        • nvSRAM
    • NRAM
    • Phase-change Memory
    • Quantum-dots
    • RRAM
      • EPROM
      • SPROM
  • Wafer Size
    • 200mm
    • 300mm
    • 450mm
  • End-User
    • Agricultural
    • Automotive & Transportation
    • Consumer Electronics
    • Energy & Power
    • Enterprise Storage
    • Healthcare
    • Industrial
    • Military & Aerospace
    • Retail & Consumer Goods
    • Telecommunication

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

This research report offers invaluable insights into various crucial aspects of the Non-Volatile Memory Market:

  1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
  2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
  3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
  4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
  5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  1. What is the current market size and projected growth?
  2. Which products, segments, applications, and regions offer promising investment opportunities?
  3. What are the prevailing technology trends and regulatory frameworks?
  4. What is the market share and positioning of the leading vendors?
  5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Non-Volatile Memory Market, by Classification
  7. Non-Volatile Memory Market, by Wafer Size
  8. Non-Volatile Memory Market, by End-User
  9. Americas Non-Volatile Memory Market
  10. Asia-Pacific Non-Volatile Memory Market
  11. Europe, Middle East & Africa Non-Volatile Memory Market
  12. Competitive Landscape
  13. Competitive Portfolio
  14. List of Figures [Total: 22]
  15. List of Tables [Total: 746]
  16. List of Companies Mentioned [Total: 26]
Non volatile memory: If you wonder how your systems store data during power loss
March 16, 2023
Non volatile memory: If you wonder how your systems store data during power loss
In order to retain information effectively, new non-volatile memory technologies are being rolled out in a variety of digitalized devices utilized in data centers, healthcare, and a number of industrial applications.

Non-volatile memories (NVMs) are transforming memory and storage networks in infinite ways over a number of computing architectures.

To accomplish low latency in NVMs, researchers are examining new and current materials, creating novel memory cells, and newer and expanded applications.

High-density NVMs-based storage-class memory (SCM) bridge efficiency and density gap among both memory and storage, and some special features like faster security and easier byte addressability of newly-emerging NVMs can be used in cutting-edge applications beyond the memory domain, such as hardware security and neuromorphic computing.

Researchers from the Korean Advanced Institute of Science and Technology (KAIST) recently created the LightPC, a brand-new computer system that solely employs non-volatile memory as its main program memory and permits switching on and off in between an operation without losing data.

Moreover, the increasing emphasis that governments are placing on industrial automation and the digitization of healthcare is opening up new possibilities for NVM deployment in digital devices. The German government has put in place the Digital Strategy 2025 programme, which focuses on building capabilities and utilizing new tools to enable a digital Germany.

The shift in industry trends toward data-centric and low-power applications, as well as substantial research and digitalization initiatives across several industries, bode well for the future of novel NVMs.

Non-Volatile Memory: Meeting Demands of Rapid Digitalization
October 25, 2023
Non-Volatile Memory: Meeting Demands of Rapid Digitalization
With the rapid digitalization happening across various industries and the consequent increase in volumes of data being generated, the need for storage applications has become more crucial than ever. This is where the role of non-volatile memory (NVM) comes into play. Non-volatile memory helps retain data in storage devices even after power interruptions, making it crucial for various applications and industries. The increasing demand for NVM is significantly driven by emerging technologies such as artificial intelligence (AI), the Internet of Things (IoT), cloud computing, and 5G.

Higher Capacity and Faster Performance:

As the volume of data being generated is rising exponentially, there is a need to store this data effectively and securely. Non-volatile memory provides higher capacity and faster performance, enabling devices to operate faster with increased responsiveness, which also helps manage data more effectively, driving productivity and efficiency.

Lower Power Consumption:

Compared to traditional storage devices, NVM utilizes less power, resulting in lower energy consumption. This is especially crucial in applications such as IoT devices with limited battery life. Low power consumption also means a lesser heat output, significantly contributing to the overall sustainability of the devices.

High Durability:

With data being stored for extended periods, the longevity and durability of storage devices become crucial. Non-volatile memory-based devices such as solid-state drives (SSDs) or USB drives have no moving parts, making them less susceptible to physical damage. They also offer higher reliability, ensuring essential data is stored securely.

Scalability and Accessibility:

The demand for data storage is not stagnant but continuously evolving. With emerging technologies such as big data analytics, IoT, and AI, there is an increased need for scalable storage that can handle large volumes of data. Non-volatile memory enables storage devices to scale up easily without compromising performance, making it accessible to a wide range of industries.

Improved Security:

Non-volatile memory-based devices possess better privacy control, making them more secure than traditional storage devices. The data stored is encrypted, ensuring only authorized users can access the data, providing an efficient solution to the increasing concerns of data privacy.

The demand for storage devices is steadily increasing, fuelled by rapid digitalization across various industries. Non-volatile memory provides an efficient solution to store data securely and cost-effectively. The benefits of NVM, such as faster performance, high scalability, improved security, and lower power consumption, have made it an ideal solution for industries seeking to meet ever-growing digital storage needs. NVM has a significant role in driving technological innovations, making it a crucial component in the emerging digital landscape.

Frequently Asked Questions
  1. How big is the Non-Volatile Memory Market?
    Ans. The Global Non-Volatile Memory Market size was estimated at USD 87.33 billion in 2023 and expected to reach USD 95.60 billion in 2024.
  2. What is the Non-Volatile Memory Market growth?
    Ans. The Global Non-Volatile Memory Market to grow USD 171.31 billion by 2030, at a CAGR of 10.10%
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