Non-Volatile Memory Global Market Report 2026

Non-volatile memory (NVM) is a type of memory that retains stored data even when it is not powered. It serves the purpose of providing persistent data storage for applications where it is essential to maintain information during power outages or system shutdowns, such as in computers, smartphones, and embedded systems.

The primary types of non-volatile memory include flash memory, EPROM, FRAM, 3D-X Point, NRAM, and others. Flash memory is a specific type of non-volatile memory that can be electrically erased and reprogrammed. It is commonly used in devices such as solid-state drives (SSDs), USB flash drives, memory cards, and embedded systems. The wafer sizes for this memory include 200mm, 300mm, and 450mm, catering to end-user industries such as consumer electronics, enterprise storage, automotive and transportation, military and aerospace, industrial, telecommunications, energy and power, healthcare, agriculture, and retail.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are affecting the NVM market by increasing the cost of imported semiconductor wafers, memory chips, and precision fabrication equipment. Consumer electronics, automotive, industrial, and enterprise storage sectors in Asia-Pacific, Europe, and North America are most impacted due to high dependence on imported components. Nevertheless, tariffs are encouraging domestic semiconductor manufacturing, regional sourcing, and innovation in advanced NVM solutions, improving supply chain stability and supporting the adoption of energy-efficient and high-performance memory devices.

The non-volatile memory express (NVMe) market research report is one of a series of new reports from The Business Research Company that provides non-volatile memory express (NVMe) market statistics, including non-volatile memory express (NVMe) industry global market size, regional shares, competitors with a non-volatile memory express (NVMe) market share, detailed non-volatile memory express (NVMe) market segments, market trends and opportunities, and any further data you may need to thrive in the non-volatile memory express (NVMe) industry. This non-volatile memory express (NVMe) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The non-volatile memory market size has grown rapidly in recent years. It will grow from $110.45 billion in 2025 to $126.75 billion in 2026 at a compound annual growth rate (CAGR) of 14.8%. The growth in the historic period can be attributed to initial deployment in consumer electronics, use in enterprise storage systems, reliance on conventional flash memory, growth in automotive data storage, early adoption in military and aerospace applications.

The non-volatile memory market size is expected to see rapid growth in the next few years. It will grow to $219.11 billion in 2030 at a compound annual growth rate (CAGR) of 14.7%. The growth in the forecast period can be attributed to expansion in energy-efficient and high-capacity memory modules, integration with AI and IoT-enabled devices, adoption in healthcare and industrial sectors, development of low-power NVM solutions, rise of emerging non-volatile memory technologies. Major trends in the forecast period include adoption of embedded non-volatile memory modules, integration of high-performance nvm in electronics, expansion of 3d-xpoint and nram applications, development of energy-efficient memory solutions, implementation of AI-optimized data storage solutions.

The rising demand for electronic devices is projected to boost the growth of the non-volatile memory market in the future. Electronic devices encompass a broad array of gadgets that rely on electronic components for their operation. Non-volatile memory technologies, such as NAND flash, are extensively utilized in consumer electronics like smartphones, tablets, and wearables, offering fast, durable, and energy-efficient storage solutions for applications, media, and data retention. For example, in May 2023, the Japan Electronics and Information Technology Industries Association, a trade organization based in Japan, reported that the total production of electronic devices in Japan amounted to $6,722 million (¥771,457 million). Additionally, the production of consumer electronics reached $280 million (¥32,099 million) in May 2023, compared to $230.9 million (¥25,268 million) in May 2022. Consequently, the increasing demand for electronic devices is expected to drive the growth of the non-volatile memory market.

Leading companies in the non-volatile memory market are focusing on high-performance NOR and NAND flash memory technologies, such as Octabus(TM) flash memory, to gain a competitive advantage. Flash memory is a type of non-volatile storage that retains data without power and provides rapid read and write access across applications. For example, in April 2024, Macronix International Co., Ltd., a Taiwan-based integrated device manufacturer, introduced its 1 Gb OctaFlash memory (MX25UW1G45G) for STMicroelectronics N.V.'s STM32H7R/S MCU platform, featuring a 250 MHz clock, 500 MB/s read throughput, and execute-in-place (XIP) support for 3D-like GUI experiences. This trend accelerates adoption across automotive, industrial, and IoT systems that require higher density, speed, and energy efficiency, although challenges include increased production complexity and rising cost pressures in mature flash segments.

In February 2023, GlobalFoundries, a semiconductor manufacturer based in the US, acquired non-volatile resistive RAM (ReRAM) technology from Renesas Electronics Corporation for an undisclosed sum. This strategic acquisition is intended to bolster the company's capabilities in Internet of Things (IoT) and 5G applications. It aligns with GlobalFoundries' dedication to fostering innovation in semiconductor technologies, especially for applications that demand efficient and reliable memory solutions. Renesas Electronics Corporation, a semiconductor manufacturer located in Japan, specializes in nonvolatile memory technologies.

Major companies operating in the non-volatile memory market are Samsung Electronics Co. Ltd., Western Digital Corporation, Intel Corporation, Dell EMC, Hewlett Packard Enterprise Company, Kioxia Holdings Corporation, Micron Technology Inc., SK Hynix Inc., Microchip Technology Incorporated, ROHM Co. Ltd., Renesas Electronics Corporation, STMicroelectronics NV, Infineon Technologies AG, Nantero Inc., Crossbar Inc., Everspin Technologies Inc., Winbond Electronics Corporation, Pure Storage Inc., NetApp Inc., Seagate Technology Holdings plc, Toshiba Corporation, Huawei Technologies Co. Ltd., Fujitsu ltd., Intel Corporation, Honeywell International Inc., Maxim Integrated Products Inc., Micron technologies Inc., Avalanche Technologies Inc., Adesto Technologies Corporation, Viking Technology

North America was the largest region in the non-volatile memory market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the non-volatile memory market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the non-volatile memory market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The non-volatile memory express market consists of revenues earned by entities by providing solutions and services for memory storage in an organization such as simple access control, data at rest protection, and purge-level erase to improve the performance of storage devices to accelerate the transfer speed of data between enterprise and client systems. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Non-Volatile Memory Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses non-volatile memory market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for non-volatile memory ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The non-volatile memory market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Type: Flash Memory; EPROM; FRAM; 3D-X Point; NRAM; Other Types
• 2) By Wafer Size: 200mm; 300mm; 450mm
• 3) By End User: Consumer Electronics; Enterprise Storage; Automotive and Transportation; Military and Aerospace; Industrial; Telecommunication; Energy and Power; Healthcare; Agricultural; Retail
• Subsegments:
• 1) By Flash Memory: NAND Flash Memory; NOR Flash Memory; Embedded MultiMediaCard (eMMC); Universal Flash Storage (UFS)
• 2) By Erasable Programmable Read-Only Memory (EPROM): Standard EPROM; Ultraviolet Erasable EPROM (UV EPROM); Electrically Erasable Programmable Read-Only Memory (EEPROM)
• 3) By Ferroelectric RAM (FRAM): Serial FRAM; Parallel FRAM
• 4) By 3D-XPoint: 3D-XPoint Memory Modules
• 5) By NRAM (Nano-RAM): Carbon Nanotube-Based NRAM; Other NRAM Technologies
• 6) By Other Types: Magnetoresistive RAM (MRAM); Phase Change RAM (PCRAM); Racetrack Memory; Other Emerging Non-Volatile Memories
• Companies Mentioned: Samsung Electronics Co. Ltd.; Western Digital Corporation; Intel Corporation; Dell EMC; Hewlett Packard Enterprise Company; Kioxia Holdings Corporation; Micron Technology Inc.; SK Hynix Inc.; Microchip Technology Incorporated; ROHM Co. Ltd.; Renesas Electronics Corporation; STMicroelectronics NV; Infineon Technologies AG; Nantero Inc.; Crossbar Inc.; Everspin Technologies Inc.; Winbond Electronics Corporation; Pure Storage Inc.; NetApp Inc.; Seagate Technology Holdings plc; Toshiba Corporation; Huawei Technologies Co. Ltd.; Fujitsu ltd.; Intel Corporation; Honeywell International Inc.; Maxim Integrated Products Inc.; Micron technologies Inc.; Avalanche Technologies Inc.; Adesto Technologies Corporation; Viking Technology
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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