Non Volatile Memory Market Size, Share, and COVID Impact Analysis, By Traditional Memory Type (EEPROM, SRAM, EPROM, and Others) By Emerging Memory Type (MRAM, FRAM, ReRAM, and Others), By End Users (Healthcare, IT & Telecom, Automotive, Manufacturing, Consumer Electronics, and Others) and Regional Forecast, 2024-2032

Non-volatile memory (NVM) is widely used in various consumer electronic devices such as laptops, PCs, tablets, and smartphones. Non-volatile memory retains its data even when power is turned off. The non-volatile memory can store more persistent data than volatile memory, such as random access memory. In addition, Non-volatile memory uses "user configurable technology", which minimizes the periodic requirement of refreshing the memory. This factor makes it ideal for long-term data storage and fast data transfer. Non-volatile memory is present in various devices, such as solid-state drives (SSDs), USB flash drives, memory cards, and non-volatile Dual In-line Memory Modules (NVDIMMs). NVM, technology has evolved significantly in recent years, leading to improved performance and lower costs—non-Volatile memory stores data in cells which is easily programmed and erased electrically. NVM has many advantages over volatile memory, which include faster read and write speeds, lower power consumption, and increased durability. As Digital technology advances, non-volatile memory is expected to become even more prevalent in a wide range of devices and applications. Furthermore, emerging technology such as advanced driver assistance systems (ADAS), driverless vehicles and clinical automation in the automotive and healthcare sector is expected to flourish the demand for Non-volatile memory in the global market.

Impact of COVID-19 on the Non-Volatile Memory Market:

The COVID-19 pandemic had a mixed impact on the Non-Volatile Memory (NVM) products market, including NAND flash memory, NOR flash memory, and emerging technologies such as MRAM, ReRAM, and PCM. Furthermore, the pandemic has led to an increase in demand for devices that rely on NVM, such as smartphones, laptops, and gaming consoles, owing to people have spent more time working, learning, and socializing from home. This increased demand has led to an increase in overall NVM market growth.

However, the pandemic has disrupted global supply chains and manufacturing operations, leading to row material shortages and a sudden rise in NVM product prices. In addition to that, the pandemic has impacted the production of NAND flash memory, which is used in a wide range of products, including solid-state drives (SSDs), USB drives, and memory cards. The supply chain disruptions in NAND memory production have contributed to a global shortage of SSDs and increased prices for these products. Moreover, the global market continues to adopt the new normal, which is increasing the demand for NVM products in the forecast period.

Key Insights:

The report will cover the following key insights:

• Recent industry trends and developments.


• Competitive landscape & strategic key players.


• Complete background analysis, including assessment of the global Non-Volatile Memory market.


• Complete Analysis of Segments


• Impact of COVID-19 on the global non-volatile memory market

Regional Analysis:

To gain extensive insights into the market, Request for Customization

• The North American region is substantially contributing to the global market share of the non-volatile memory market. Also, the availability of major key players of consumer electronic devices in the U.S. increases the demand for non-volatile memory. Furthermore, the increasing adoption of advanced technology such as connected devices in Canada and Mexico, drives the market growth.


• The Europe region is continuously strengthening its market position owing to ongoing technological advancements in countries such as the U.K., Germany, France, and Spain. Furthermore, the government authorities of various countries such as Italy, Netherlands and Belgium are taking the initiative to promote the manufacturing of semiconductor chips in their countries. For instance, in March 2022, the government of Italy over USD 4.4 Billion to encourage and boost the semiconductor industry of Italy.


• Asia Pacific shows the highest CAGR growth in the forecast period, owing to advanced semiconductor manufacturing facilities in countries such as China, Japan, South Korea, and Taiwan. Furthermore, major regional players are launching advanced non-volatile memory products to strengthen their market footprints. For instance, in November 2022, Taiwan-based semiconductor manufacturing company TSMC partnered with Infineon technology. Through this strategic move, both organizations collectively introduced RRAM technology which is specially designed for the automotive AURIX™ TC4x product family


• Middle East & Africa and South America are growing with moderate growth rates in the market due to the lack of skilled workers in the region. However, the increasing technological development in countries such as Saudi Arabia, Qatar and South Africa is raising the demand for the non-volatile memory market.

Analysis by End Users

Owing to the high demand for non-volatile memory, the I.T. and telecommunication sectors substantially contribute to the market share. Non-volatile memory is frequently used in high-end central processing units of quantum computers to maximize the speed of computation and operation. However, the use of non-volatile memory in consumer electronics is continuously increasing, which is expected to generate the highest CAGR during the forecast period. However, implementation of emerging technology such as the internet of things and industrial automation in the manufacturing and automotive industry, the demand for Non-Volatile memory is increasing in the near future.

Key Players Covered:

ROHM Co. Ltd (Japan), STMicroelectronics NV (Switzerland), Maxim Integrated Products Inc (U.S.), Intel Corporation (U.S.), Fujitsu Ltd (Japan), Honeywell International Inc. (U.S.), Micron Technologies Inc (U.S.), Samsung Electronics Co. Ltd (South Korea), Crossbar Inc. (U.S.), Infineon Technologies AG (Germany), and Avalanche Technologies Inc. (U.S.).

Segmentation:

Key Industry Developments:

• In July 2022, Global Semiconductor supplier Micron Corporation launched its new 232 layers of NAND Flash memory; this high-end memory provides high data transfer and processing speed.   


• In March 2022, Fujitsu Semiconductor Memory Solution Limited launched its new 12Mbit ReRAM MB85AS12MT; this memory has a very high memory density of 12Mbit, and a small built-in package of 2mm x 3mm approximate size.


• In June 2022, Crossbar Inc., a global provider of semiconductor solutions, introduced its new Resistive RAM (ReRAM) technology, which is majorly designed for use in secure storage and processing to protect the system from invasive attacks.