Market Research Report
Non-Volatile Memory Market Analysis: By Type (RAM, Spin-Transfer Torque RAM, Phase-Change Memory, Ferroelectric RAM, NAND Flash Memory, EPROM & EEPROM); By Product (Smart Cards, USB drives & hard drives); & By Application-With Forecast 2019-2024
|Published by||IndustryARC||Product code||410645|
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|Non-Volatile Memory Market Analysis: By Type (RAM, Spin-Transfer Torque RAM, Phase-Change Memory, Ferroelectric RAM, NAND Flash Memory, EPROM & EEPROM); By Product (Smart Cards, USB drives & hard drives); & By Application-With Forecast 2019-2024|
|Published: December 8, 2018||Content info:||
Non volatile memory is an emerging market and is expected to account for close to $80 billion by 2021. There has been considerable investment in the research of non volatile memory for the past few years which has led to the development of a number of products such as MRAM, ReRAM, and so on. The new memories will soon replace the existing memories in the new range of consumer electronic products that will be sold in 2016. With every passing year, each electronic device is being fitted for faster and more powerful processors. In addition to that, more computing power is being packed into a smaller footprint. As such, the memory which is integrated with these devices need to also be able to have high retention and faster switching so that data can be retrieved immediately and most importantly, be power efficient. Power efficiency is a key criteria across all electronic products. In terms of regional contribution the APAC region contributed the highest to the overall non volatile memory market. Further to this, the APAC region will also experience the highest growth rate during the forecast period. Almost all manufacturing of electronic products takes place in the APAC region. If the manufacturing does not take place here, the assembling of key components will take place in the region. The same can be said about the automotive industry where the major automobile manufacturers have their manufacturing set-up based in the APAC region.
Smart cards are an interesting product segment in the sense that the product still has a huge market potential which in itself is a key driving force for the non volatile memory market. Smart cards are used as government IDs, drivers lincenses, access cards and as banking cards. As such, every country will have a considerable volume of smart cards and this alone is key driver for the non-volatile memory market.
Non volatile memory may seem expensive now, however, with the onset of new technologies such as flexible and organic electronics, the use of power and the space available for additional components in an electronic device will be limited. In such cases, volatile memory will be absolutely required to ensure that power consumption without taking up any more space as compared with traditional memory storage devices.
In terms of Non volatile memory by type the market has been divided into the following RAM, Spin-Transfer Torque RAM, Phase-Change Memory, Ferroelectric RAM, NAND flash memory, Erasable Programmable Read-Only Memory and EEPROM. The Non volatile memory market has also been segmented by the following applications Industrial, Transportation, energy & power, consumer electronics, healthcare and military. The Non volatile memory market has also been segmented by the following products smart cards, USB drives and hard drives. The Non volatile memory market has also been segmented by the following geographies Americas, APAC, Europe, ROW.
Following are just a few of the companies that are operating in the Non volatile memory market.
Cypress Semiconductor Corporation
Everspin Technologies Inc.
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