Global Non-Volatile Memory Market to Reach $124.1 Billion by 2027: Shift from Hard Disk Drives Toward Solid-State Drives in Enterprise Storage Fuels Growth - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Non-Volatile Memory Market by Type (Flash, EPROM, nvSRAM, EEPROM, 3D NAND, MRAM, FRAM, NRAM, ReRAM, PMC), Wafer Size (200 mm, 300mm), End-user (Consumer Electronics, Enterprise Storage, Healthcare, Automotive) and Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The non-volatile memory market is projected to reach USD 124.1 billion by 2027, growing at a CAGR of 10.7% from 2022 to 2027.

Non-volatile memories encompass traditional and emerging memory solutions that have been introduced in the market or are currently under development and expected to penetrate the market in the coming years.

These technologies offer advanced features such as high power efficiency, fast switching time, high scalability, low power consumption, high endurance, operations and speed trade-off, low operating voltage, and high density.

This report covers key end users, namely, consumer electronics, enterprise storage, automotive & transportation, military & aerospace, industrial, telecommunication, energy & power, healthcare, agriculture, and retail. The 3D NAND type in non-volatile memory accounted for a market share of about 27% of the global market in 2021.

Europe region is expected to grow at a healthy rate in the Non-volatile memory market during the forecast period

The non-volatile memory market in Europe is driven by the growth of the electronics industry and the presence of top manufacturers and suppliers in the region.

Companies such as Infineon Technologies AG (Germany) and STMicroelectronics NV (Switzerland) offer a wide range of non-volatile memory solutions, including EEPROM, flash, EPROM, and nvSRAM non-volatile memories. Mass storage and mobile phones are the major applications of non-volatile memory in Europe. Germany, the economic powerhouse of Europe, plays a crucial role in the non-volatile memory market in Europe and is expected to drive the growth of this market.

Based on type the non-volatile memory market has been segmented as traditional memory (Flash Memory, EEPROM, nvSRAM, EPRoM) and emerging memories (3D NAND, MRAM / STT-MRAM, FRAM, ReRAM/CBRAM, NVDIMM, PCM, NRAM, and Others).

Based on end use the non-volatile memory market has been segmented by consumer electronics, enterprise storage, automotive & transportation, military & aerospace, industrial, telecommunication, energy & power, healthcare, agriculture, and retail. Based on region the Non-volatile memory market has been segmented by North America, Europe, Asia Pacific, and Rest of the World.

Market Dynamics

Drivers

• Surging Demand for Smartphones and Smart Wearables
• Shift from Hard Disk Drives (Hdds) Toward Solid-State Drives (Ssds) in Enterprise Storage
• Increasing Demand for Fast Access and Low Power-Consuming Memory Devices
• Integration of Emerging Technologies to Support Digitalization in Automotive Sector

Restraints

• Low Write Endurance Rate
• Decline in Growth of Semiconductor Industry

Opportunities

• Advent of Innovative Technologies for IoT Applications
• Increasing Traction of Industrial-Grade Flash Memories

Challenges

• Optimization of Storage Densities and Capacities
• High Design Costs and Complexities

Case Study Analysis

• Everspin Signed Contract with Quick Logic Corporation to Provide Mram
• NVMdurance Extended Nand Flash Lifetime of Altera's NVMe Data Storage Solution
• Everspin Technologies Helps Bmw Optimize Motorsport Superbike with Mram Memory

Companies Mentioned

• Atp Electronics, Inc.
• Avalanche Technology
• Crossbar, Inc.
• Everspin Technologies Inc.
• Flexxon Pte Ltd
• Fujitsu
• Ht Micron
• Infineon Technologies Ag
• Kioxia Holdings Corporation
• Microchip Technology Inc.
• Micron Technology, Inc.
• NVMdurance
• Nantero, Inc.
• Pure Storage, Inc.
• Renesas Electronics Corporation
• Rohm Co. Ltd.
• Samsung
• Sk Hynix Inc.
• Skyhigh Memory Limited
• Smart Modular Technologies
• Stmicroelectronics
• Viking Technology
• Western Digital Technologies, Inc.
• Winbond
• Ymtc

For more information about this report visit https://www.researchandmarkets.com/r/vyqmfl-volatile?w=4

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