Non-Volatile Memory Market size was worth USD 73.6 Billion in 2021, growing a CAGR of 10.4% from 2022-2030, and is estimated to hit around USD 179.3 Billion by 2030.
Non-volatile memory (NVM), also referred to as non-volatile storage, is a type of memory in a computer device that can recover saved data when the supply of power is turned off. Thus, periodic refreshment of the information is not required. The NVM that is used regularly comprises hard disks, read-only memory (ROM), flash memory, magnetic tapes, optical disc drives, floppy disk drivers, and some other computer storage methods which integrate punch cards and paper tapes. Furthermore, NVM has enormous applications in numerous sectors, which include information technology (IT), retail, automotive, telecommunications, healthcare, etc. The global non-volatile memory market is exceptionally growing in the field of military and healthcare. Advancement in technology is accelerating the capacity of storage which in return positively impacts the growth of the market.
Non-Volatile Memory Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Type (Electrically addressed, Mechanically addressed, Others), By Application (Consumer Electronics, Healthcare Monitoring, Automotive Application, Enterprise Storage, Industrial, Others), By Industry Vertical (Telecom & IT, Automotive, Energy & Power, Manufacturing Industries, Others) and companies (Sidense Corporation, SanDisk Corporation, Fujitsu LTD, Micron Technology, Inc., Adesto Technologies Corporation, Viking technology Inc., Crossbar Inc., Kilopass technology Inc., Samsung electronics co., ltd., Intel Corporation), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 8.9%, over the forecast period of 2022–2030.
The immediate demand for smart wearables and smartphones is significantly driving this market. About 45% of the global demand for semiconductor demand is from PCs, smart wearables, and laptops. Thus, consumer electronics and smart technologies are major end users of non-volatile memory. NVM is highly preferred by applications that require less density, like streaming media devices, smart printers, speakers, and IoT devices. These features aid in furnishing high memory storage and high capability of performance within smart devices.
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||127.5 Billion|
|By Type||Electrically addressed, Mechanically addressed|
|By Application||Consumer Electronics, Healthcare Monitoring, Automotive Application, Enterprise Storage, Industrial.|
|By Industry Vertical||Telecom & IT, Automotive, Energy & Power, Manufacturing Industries.|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||Sidense Corporation, SanDisk Corporation, Fujitsu LTD, Micron Technology, Inc., Adesto Technologies Corporation, Viking technology Inc., Crossbar Inc., Kilopass technology Inc., Samsung electronics co., ltd., Intel Corporation.|
The COVID-19 pandemic has had a substantial negative influence on the Non-Volatile Memory market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Sidense Corporation, SanDisk Corporation, Fujitsu LTD, Micron Technology, Inc., Adesto Technologies Corporation, Viking technology Inc., Crossbar Inc., Kilopass technology Inc., Samsung electronics co., ltd., Intel Corporation.
Market Segment Analysis:
- Electrically addressed
- Mechanically addressed
- Consumer Electronics
- Healthcare Monitoring
- Automotive Application
- Enterprise Storage
By Industry Vertical
- Telecom & IT
- Energy & Power
- Manufacturing Industries
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Non-Volatile Memory industries in the region.
Key Non-Volatile Memory Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Non-Volatile Memory Market segments.
– Largest Market Share Held by Industry to Industry for Non-Volatile Memory
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Non-Volatile Memory Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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