Non-Volatile Memory Market

Non-Volatile Memory Market by Type, Product, Application and Geography - Global Trends & Forecasts to 2014 – 2020

Released on 21st March 2016

According to the new market research report on non-volatile memory, the market is expected to be worth USD 80.54 billion by 2022, growing at an estimated CAGR of 9.93% between 2016 and 2022.The major reason for the growth in non-volatile memory technology can be attributed to the its growing applications in the consumer electronics and enterprise storage sector. The semiconductor memory manufacturing industry is expected to face significant challenges over the next six to eight years period as it would witness the evolution of these emerging non-volatile memory technologies such as 3D NAND, 3D XPoint, NRAM, and others.

“Non-volatile NAND memory holds the largest share”

NAND flash memory is one of the initial types of non-volatile memory present in the non-volatile memory industry. The NAND is used mainly in consumer electronics and enterprise storage owing to lower cost as compared to SRAM and DRAM, and retains data for a longer duration. But since NAND is reaching its scaling limit it is expected that emerging non-volatile memories would replace NAND flash memory in the coming years.

“The non-volatile market in APAC expected to grow at the highest rate”

This report covers regions including North America, Europe, Asia-Pacific, and Rest of the World (RoW). The market in APAC is expected to grow at a high CAGR between 2016 and 2022. The major growth drivers for the growth in APAC region is rising demand for data centers in enterprise storage applications, increasing shipments of mobile devices, and increasing manufacturing activities in the automotive and industrial sectors backed by a strong economic growth is expected to increase the non-volatile memory market during the forecast period, in this region.

Breakdown of profile of primary participants:

• By Company Type: Tier 1 - 35%, Tier 2 -...