Global Next Generation Non Volatile Memory Strategic Business Report 2023: Rising use of Flash Memories in Consumer Electronics Drives Growth


Dublin, April 17, 2023 (GLOBE NEWSWIRE) -- The "Next Generation Non Volatile Memory: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Next Generation Non Volatile Memory estimated at US$6.7 Billion in the year 2022, is projected to reach a revised size of US$37.3 Billion by 2030, growing at a CAGR of 23.9% over the analysis period 2022-2030.

MRAM, one of the segments analyzed in the report, is projected to record a 24.8% CAGR and reach US$20.5 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the PCM segment is readjusted to a revised 21.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $2.1 Billion, While China is Forecast to Grow at 23.1% CAGR

The Next Generation Non Volatile Memory market in the U.S. is estimated at US$2.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$6.3 Billion by the year 2030 trailing a CAGR of 23.1% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 21.3% and 20.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 16.4% CAGR.

Select Competitors (Total 61 Featured) -

  • Avalanche Technologies Inc.
  • Crossbar Inc.
  • Everspin Technologies, Inc.
  • Fujitsu Ltd.
  • Honeywell International Inc.
  • IBM Corp.
  • Infineon Technologies AG
  • Intel Corporation
  • Micron technology, Inc.
  • Nippon Telegraph and Telephone Corporation
  • ROHM Co. Ltd.
  • Samsung Electronics Co., Ltd.
  • Sandisk, a band of Western Digital Corporation
  • SK Hynix, Inc.
  • STMicroelectronics NV
  • Toshiba Corporation
  • Viking Technology

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Attributes:

Report AttributeDetails
No. of Pages322
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$6.7 Billion
Forecasted Market Value (USD) by 2030$37.3 Billion
Compound Annual Growth Rate23.9%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Impact of Covid-19 and a Looming Global Recession
  • The Never-Ending "Race" Between the Virus & Vaccines Continues. Amidst this Chaotic Battle, Where is the World Economy Heading Now & Beyond?
  • Omicron Variant Brings Back Memories & Fears of the Worst Part of the 2020 Pandemic
  • With New Strains Emerging at an Alarming Rate, Focus Shifts to Booster Doses & Vaccine Tweaking. But How Practical Is It to Implement Them?
  • With Vaccinated Population Showing Signs of Declining Clinical Protection, Booster Doses Are Emerging Into a Necessity to Restore Vaccine Effectiveness: Number of Booster Doses Administered Per 100 People by Country as of December 2021
  • With IMF's Upward Revision of Global GDP Forecasts, Most Companies are Bullish about an Economic Comeback
  • A Strong Yet Exceedingly Patchy & Uncertain Recovery Shaped by New Variants Comes Into Play: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Easing Unemployment Levels in 2021 Although Moderate Will Infuse Hope for Industries Reliant on Consumer Discretionary Incomes: Global Number of Unemployed People (In Million) for Years 2019, 2020, 2021, and 2022
  • Impact of COVID-19 on the Semiconductor Industry Exposes the Risk of Value Chain Modularity
  • Among the Hammered Companies in the Supply Chain is the "Semiconductor Industry"
  • Measuring the Impact of COVID-19 on the Semiconductor Industry in Terms of Disruption & Time to Recovery (In Months) as of May 2020
  • Supply Chain Disruptions Impact a Large Number of Electronic Manufacturers: % Share of Companies Impacted by Supply Chain Delays Due to COVID-19 Worldwide as of May 2020
  • Semiconductor Trends for Specific End-Use Categories
  • COVID-19 Pandemic Storm Warrants New Strategies to Help Semiconductor Leaders Secure New Lease of Life
  • Falling Consumer Confidence Impacts Sales of Automotive and Consumer Electronics
  • Industrial Activity Remain Subdued in 2020
  • Global PMI Index Points for the Years 2018, 2019 & 2020
  • COVID-19 Impact on Next Generation Non-volatile Memory Market
  • Competition
  • Next Generation Non-Volatile Memory - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • A Prelude to Non-volatile Memories
  • Next-Generation Volatile Memory (NVM) - An Insight
  • Global Market Analysis and Prospects
  • Global Next Generation Non-volatile Memory Market Set to Witness Burgeoning Growth
  • MRAM - The Leading Next Generation Non-Volatile Memory Segment
  • MRAM Advancements
  • Asia-Pacific to Witness Fastest Growth
  • Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Growing Use of Flash Memories in Consumer Electronics Drives the World NVM Market
  • Rising Computing Needs of Consumer Electronic Devices: Opportunity for NVM Market
  • Global Electrical & Electronics Equipment Market Growth Outlook (In %) For Years 2019 Through 2025
  • Worldwide Shipments of Smartphones, Tablets, and Laptops (in Million Units) for the Years 2019, 2021 and 2023
  • Embedded Non-volatile Memory Market to Gain Traction
  • Technologies for Next-Generation Volatile Memory Designs
  • Pushing the Limits using Floating Gate Technology
  • 3D and Charge Trap NAND
  • RRAM
  • PCRAM
  • MRAM
  • Tremendous Growth in Demand for Enterprise Storage Applications Drives Market Growth
  • Rising Penetration of IoT devices and Propensity for AI-Powered Applications: A Major Market Opportunity
  • Global Number of IoT Connected Devices (In Billion Units) for the Years 2016, 2018, 2020, 2022 & 2025
  • Global Investments in Industrial IoT (IIoT) Platforms (In US$ Million) for the Years 2018, 2022 and 2025
  • World IoT Semiconductors Market by Function (2018 & 2022): Percentage Breakdown of Value Sales for Communications, Processing, and Sensing
  • Increasing Growth Prospects of Wearable Electronics to Offer Significant Market Gains
  • Critical Role of Non-volatile Memory in Smart City Applications
  • Global Smart Homes Market by Category in US$ Billion for the Years 2020 and 2022
  • High-Performance Computing (HPC) Offers Broad-based Opportunities for Market Growth
  • Global High Performance Computing Market (In US$ Billion) for Years 2020, 2022, 2024 and 2026
  • Digitalization Wave & Parallel Rise in Demand for Datacenters to Spur Growth of NVM
  • Global Digital Transformation Spending (In US$ Trillion) for the Years 2019 through 2023
  • Beyond COVID-19 Lies a New Normal With New Opportunities for Datacenters
  • This Means Increased Demand for Datacenter Memory & Storage Solutions
  • Data Center IP Traffic Growth Worldwide: Global Data Center IP Traffic in Zettabytes for the Years 2016, 2018, 2020 & 2022
  • Global Data Center IP Traffic Breakdown (in %) by Cloud and Traditional Data Centers for the Years 2017, 2019 and 2021
  • Rise of In-Memory Computing Bodes Well for Growth of PCM
  • Embedded MRAM Emerges as a Promising Technology for IoT Devices, Artificial Intelligence and Machine Learning
  • MRAM Opportunity in IoT Space: Global M2M/IoT Connections (In Billion) for Years 2019, 2021 and 2023
  • Growing Need for Energy-Efficient Storage Solutions Gives Impetus to NVM Market
  • Installed Base of Data Storage Capacity (in Zettabytes) for 2019, 2020, and 2024
  • Edge Computing to Drive Demand for MRAM
  • Automobile Electronification Trends Widen the Addressable Market
  • Breakdown of the Total Cost of Electronics in an Automobile (in %) for the Years 1970, 1980, 2000, 2017, 2020 and 2030
  • World Automobile Production in Million Units: 2008-2022

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/uhvyu3

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Global Market for Next Generation Non Volatile Memory

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