The Non-Volatile Memory Market is predicted to grow during the analysis period from 2017 to 2025.
What Are the Driving Factors for Non-Volatile Memory Market?
- Increase in the applications of non-volatile memory in computers, smartphones, and digital media
- Increase in the implementations of flash technologies and memories in consumer electronics
- Non-volatile memory reduces the use of slow secondary storage devices, such as hard disks
|By Data Storage Type||Mechanically Addressed Types and Electrically Addressed Types|
|By End Use Industries||Automotive and Transportation, Telecommunication, Healthcare, Consumer Electronics, Military & Aerospace, Agriculture, Retail & Industrial|
|By Regions||North America, Europe, Asia Pacific, Middle East & Africa (MEA) and Latin America|
|U.S.||Western Digital Corp., Intel Corporation, Sandisk Corporation, Viking Technology, Kilopass Technology Inc., Micron Technology Inc., Adesto Technologies Corporation|
|South Korea||Samsung Electronics Co., Ltd.|
|Korea||SK Hynix Inc.|
Why Buy this Report?
- This report provides in-depth analysis of market determinant factors.
- This report analyzes market dynamics for each segment (such as Data Storage Type, End Use Industries, Regions).
- This report provides 8 years forecast by analyzing push and pull factors affecting the dynamics of the market.
- This report provides application level cross sectional analysis for each product type.
- This report provides regional level pricing trend analysis.
- This report acts as business decision support system by analyzing key trends in each market segment.
- This report provides insights regarding business strategies of leading market players.
The non-volatile memory market report analyzes and presents the market potential, growth possibilities, size, trends, leading competitors by data storage type, end use industries and regions. The non-volatile memory market is expected to grow at a fast rate with the rise in demand in the digital media application. Its use in USB memory sticks or cameras has been the reasons contributing to the growth of the non-volatile memory (NVM) market in the forecast period from 2017-2025.
The non-volatile memory is a storage that is saved regardless of the computer being switched on or off. Non-volatile storage helps in retrieving stored information when the power is switched off. This kind of memory is used for secondary and long-term persistent storage.
|Base Year of Estimation||2016|
|Value Estimation Year||2017|
|Forecast Period||2017 - 2025|
|Market Segmentations||By Data Storage Type, End Use Industries, Regions|
|Regional Scope||North America, Europe, Asia-Pacific, Middle East & Africa (MEA) and Latin America|
|Report Coverage||Market Dynamics, Segmentation Overview and Competitive Landscape of the market|
Market Research Dynamics
The rise in applications of non-volatile memory in computers, smartphones, and digital media has impacted the demand in the non-volatile market. Steady growth in the adoption of flash technologies and memories in consumer electronics has been a major reason for the growing demand of this market. Non-volatile memory reduces and eventually eradicates the need for usage of slow secondary storage systems like hard disks. Electrically addressed non-volatile memories of the semiconductor are produced on a large scale and these do not need any update post manufacturing. The programmable read only memory has the capacity to get updated and altered. This is achieved with the help of a special programmer which stores data physically burning site in the device. Long-term retention of data has been one of the key factors that have impacted this market.
There are also certain restraints that limit its growth of this market. One such limitation is the high costs of the non-volatile memory technology. Low performance and low endurance also pose challenges for this market. ReRAM (Resistive Random Access Memory) and PCM (Phase Change Memory) are certain emerging technologies. These will provide huge growth opportunities for the non-volatile memory market in the coming years.
Market Segmentation Overview
On the basis of data storage type, the market for non-volatile memory is segmented into mechanically addressed types and electrically addressed types. On the basis of end-use industries, the market is segmented into automotive and transportation, telecommunication, healthcare, consumer electronics, military & aerospace, agriculture, retail and industrial. In 2016, high demand for non-volatile memory applications in digital media and electronic devices boosted the demand for this market.
Depending on the regions the market has been segmented into North America, Europe, Asia-Pacific, Middle East & Africa (MEA) and Latin America. Asia Pacific is expected to form the largest segment in terms of revenue. This segment is going to witness the highest growth during the forecast period. After Asia-Pacific, North America and Europe is expected to be the other major regions.
As compared to Asia Pacific, Europe, and North America, the concentration of these service providers is comparatively low in Latin America, Middle East & Africa (MEA). But the market is growing steadily in all these regions.
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