Next Generation Non Volatile Memory Market Worth $7.46 Billion By 2024

December 2016 | Report Format: Electronic (PDF)

The global next generation non-volatile memory (NVM) market is expected to reach USD 7.46 billion by 2024, according to a new study by Grand View Research, Inc. Increasing need for fast and economical storage solutions across diverse applications is estimated to drive industry growth over the forecast period.

Next Generation Non Volatile Memory is used for various applications such as enterprise, industrial and automotive to store and manage information, which is expected to augment market growth over the next six years. Increasing use of Next Generation Non Volatile Memory in mobile phones to enhance customer experience is expected to fuel market growth.

The increasing demand for wearable electronics and replacement of flash memory storage may provide new growth avenues to the Next Generation Non Volatile Memory industry. Low environment stability and high design cost may act as a restraint to market growth over the forecast period.

All common computing platforms from handheld devices to supercomputers use storage systems to store data permanently or temporarily. Smart cards store a few bytes of data and are expected to grow at a significant rate over the forecast period. Economical and efficient solution development is expected to be a critical success factor for industry players.

The Asia Pacific market is expected to grow at a considerable rate owing to increasing demand for smartphones and tablets. Additionally, presence of key market players in countries such as China, India, Japan and South Korea is also expected to positively impact the regional market over the forecast period.

 To request a sample copy or view summary of this report, click the link below:

Further key findings from the study suggest:

  • Efficient programming and eras ability options offered by MRAM product segment is predicted to impel industry growth over the next eight years

  • Cache memory and enterprise storage was a major application segment in 2015 and accounted over 57% of the overall industry in the same year

  • North America was estimated to be the key regional market in 2015

  • Key industry participants include Samsung Electronics Co. Ltd., IBM Corp, Adesto Technologies, Crossbar Inc., Fujitsu Ltd, Toshiba Corporation, and Intel Corporation

  • Toshiba along with SK Hynix are working on production of Next Generation Non Volatile Memory chips, which is expected to decrease power consumption and increase data transfer speed

Grand View Research has segmented the global next generation non volatile memory market on the basis of product, application and region:

Next Generation Non Volatile Memory Product Outlook (Revenue, USD Million; 2014 - 2024)

  • FeRAM

  • PCM

  • MRAM

  • ReRAM

Next Generation Non Volatile Memory Application Outlook (Revenue, USD Million; 2014 - 2024)

  • Mobile Phones

  • Cache Memory & Enterprise Storage

  • Industrial & Automotive

  • Mass Storage

  • Embedded MCU & Smart Cards

Next Generation Non Volatile Memory Regional Outlook (Revenue, USD Million; 2014 - 2024)

  • North America

  • Europe

  • Asia Pacific

  • RoW

Request Sample
Request for Customization

Choose License Type

Single User - $4,450
Multi User (2-5) - $6,450
BI Library Access - $8,450

Buy Chapters or Sections

Avail customized purchase options to meet your research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities

Why Choose Us

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert. Request for a free product review before report purchase.

  • Custom research service

    Custom research service

    Speak to the report author to design an exclusive study to serve your research needs.

  • Quality assurance

    Quality assurance

    A testimonial for service excellence represented in the form of BBB "A" Accreditation.

  • BBB Rating dandb
  • Information security

    Information security

    Your personal and confidential information is safe and secure.

  • BOA