The Global Non-Volatile Memory Market (2016-2022) would to attain a market size of $81.3 billion by 2022. The market would grow at a CAGR of 10.3% during the forecast period.
Global Non-Volatile Memory Market: Highlights
The non-volatile memory chips contain parts that are non-moving which ensures faster data readability. It also the data written is much faster over other HDD’s. Within the memory types, the electrically addressed memory type is the leading and is most widely used form of memory type in the consumer electronics. There is an ever-increasing demand for superior level of efficiency, rapid memory access and power efficient devices, which have been the factors that have been driving the market growth. Rapid adoption of NVM in flexible electronics would further add to the market opportunities. Within the electrically addressed memory types, the NVRAM would be the most notable segment throughout the forecast period. Nevertheless, the 3D XPoint, MRAM, and SONOS are other memory segments that would grow significantly during the forecast period.
Within the applications, the enterprise storage segment held about 35% market share of the overall NVM market. The numbers of data centres that have grown over the years have been the factor that has led to the market growth and add the revenue model significantly. Nevertheless, consumer electronic application is found to be the lucrative market segment and would grow significantly with a CARG of 9.7% during the forecast period. The demand for higher storage and faster memory access in products such as smartphone and wearable devices have further added to the market growth.
Regionally, Asia-Pacific remains as a leading reiong, and would be the dominant region throughout the forecast period.
The major players profiled in this report include Adesto Technologies Corporation, Viking Technology, Kilopass Technology Inc., Samsung Electronics Co., Ltd., Intel Corporation, Sidense Corporation, Sandisk Corporation, Toshiba Corporation, and Micron Technology, Inc.