Product Code: GVR-1-68038-332-4
Next Generation Non-Volatile Memory Market Growth & Trends:
The global next generation non-volatile memory market size is expected to reach USD 18.23 billion by 2030 and is projected to grow at a CAGR of 17.8% from 2024 to 2030, 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.
Next Generation Non-Volatile Memory Market Report Highlights:
- In 2023, high-bandwidth memory (HBM) segment emerged as the market leader, capturing the largest revenue share of 59.1% owing to the growing need for high band-with, low power consumption and adoption of emerging technologies like AI & big data analytics and rising trend of consumer electronic devices.
- BFSI accounted for the largest market revenue share of 23.1% in 2023. The BFSI sector extensively leverages IoT and AI technologies to achieve substantial benefits.
- The next generation non volatile memory market in North America is projected to witness the fastest CAGR of 18.9% during the forecast period, driven by factors the increasing construction of new infrastructures like data centers and the rapid growth of the digital economy in countries such as the U.S. and Canada.
- In 2023, Asia Pacific next generation nonvolatile memory market emerged as the leader in the market, capturing a significant revenue share of 49.20%, driven by factors inherent in its dynamic business environment.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Next Generation Non-Volatile Memory Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Market Size and Growth Prospects (USD Billion)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
- 3.4. Next Generation Non Volatile Memory Market Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
Chapter 4. Next Generation Non-Volatile Memory Market: Product Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Next Generation Non-Volatile Memory Product Outlook Analysis, 2023 & 2030 (USD Billion)
- 4.3. Hybrid Memory Cube (HMC)
- 4.4. Hybrid Memory Cube (HMC) Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 5. Next Generation Non-Volatile Memory Market: Wafer Size Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Next Generation Non-Volatile Memory Market: Wafer Size Analysis, 2023 & 2030 (USD Billion)
- 5.3. 200 mm
- 5.4. 300 mm
Chapter 6. Next Generation Non-Volatile Memory Market: Application Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Next Generation Non-Volatile Memory Market: Application Movement Analysis, 2023 & 2030 (USD Billion)
- 6.3. BFSI
- 6.3.1. BFSI Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.4. Consumer Electronics
- 6.4.1. Consumer Electronics Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.5. Government
- 6.5.1. Government Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.6. Telecommunication
- 6.6.1. Telecommunication Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.7. Information Technology
- 6.7.1. Information Technology Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.8. Others
- 6.8.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 7. Next Generation Non-Volatile Memory Market: Regional Estimates & Trend Analysis
- 7.1. Next Generation Non-Volatile Memory Market Share, By Region, 2023 & 2030, USD Billion
- 7.2. North America
- 7.2.1. North America Next Generation Non-Volatile Memory Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.2.2. U.S.
- 7.2.2.1. U.S. Next Generation Non-Volatile Memory Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.2.3. Canada
- 7.2.3.1. Canada Next Generation Non-Volatile Memory Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.2.4. Mexico
- 7.2.4.1. Mexico Next Generation Non-Volatile Memory Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.3. Europe
- 7.3.1. Europe Next Generation Non-Volatile Memory Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.3.2. U.K.
- 7.3.2.1. U.K. Next Generation Non-Volatile Memory Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.3.3. Germany
- 7.3.3.1. Germany Next Generation Non-Volatile Memory Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.3.4. France
- 7.3.4.1. France Next Generation Non-Volatile Memory Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Next Generation Non-Volatile Memory Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.2. Japan
- 7.4.2.1. Japan Next Generation Non-Volatile Memory Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.3. China
- 7.4.3.1. China Next Generation Non-Volatile Memory Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.4. India
- 7.4.4.1. India Next Generation Non-Volatile Memory Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.5. Australia
- 7.4.5.1. Australia Next Generation Non-Volatile Memory Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.6. South Korea
- 7.4.6.1. South Korea Next Generation Non-Volatile Memory Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.5. Latin America
- 7.5.1. Latin America Next Generation Non-Volatile Memory Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.5.2. Brazil
- 7.5.2.1. Brazil Next Generation Non-Volatile Memory Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.6. Middle East and Africa
- 7.6.1. Middle East and Africa Next Generation Non-Volatile Memory Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.6.2. South Africa
- 7.6.2.1. South Africa Next Generation Non-Volatile Memory Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.6.3. Saudi Arabia
- 7.6.3.1. Saudi Arabia Next Generation Non-Volatile Memory Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.6.4. UAE
- 7.6.4.1. UAE Next Generation Non-Volatile Memory Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis by Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Heat Map Analysis
- 8.4. Company Profiles
- 8.4.1. Samsung Electronics Co. Ltd
- 8.4.1.1. Participant's Overview
- 8.4.1.2. Financial Performance
- 8.4.1.3. Product Benchmarking
- 8.4.1.4. Recent Developments/ Strategic Initiatives
- 8.4.2. Micron Technology, Inc.
- 8.4.2.1. Participant's Overview
- 8.4.2.2. Financial Performance
- 8.4.2.3. Product Benchmarking
- 8.4.2.4. Recent Developments/ Strategic Initiatives
- 8.4.3. Rohm Co. Ltd
- 8.4.3.1. Participant's Overview
- 8.4.3.2. Financial Performance
- 8.4.3.3. Product Benchmarking
- 8.4.3.4. Recent Developments/ Strategic Initiatives
- 8.4.4. Toshiba Electronic Devices & Storage Corporation
- 8.4.4.1. Participant's Overview
- 8.4.4.2. Financial Performance
- 8.4.4.3. Product Benchmarking
- 8.4.4.4. Recent Developments/ Strategic Initiatives
- 8.4.5. Western Digital Technologies, Inc.
- 8.4.5.1. Participant's Overview
- 8.4.5.2. Financial Performance
- 8.4.5.3. Product Benchmarking
- 8.4.5.4. Recent Developments/ Strategic Initiatives
- 8.4.6. Honeywell International Inc.
- 8.4.6.1. Participant's Overview
- 8.4.6.2. Financial Performance
- 8.4.6.3. Product Benchmarking
- 8.4.6.4. Recent Developments/ Strategic Initiatives
- 8.4.7. Crossbar Inc.
- 8.4.7.1. Participant's Overview
- 8.4.7.2. Financial Performance
- 8.4.7.3. Product Benchmarking
- 8.4.7.4. Recent Developments/ Strategic Initiatives
- 8.4.8. Fujitsu Ltd.
- 8.4.8.1. Participant's Overview
- 8.4.8.2. Financial Performance
- 8.4.8.3. Product Benchmarking
- 8.4.8.4. Recent Developments/ Strategic Initiatives
- 8.4.9. Japan Semiconductor Corporation
- 8.4.9.1. Participant's Overview
- 8.4.9.2. Financial Performance
- 8.4.9.3. Product Benchmarking
- 8.4.9.4. Recent Developments/ Strategic Initiatives
- 8.4.10. HDD Manufacturers
- 8.4.10.1. Participant's Overview
- 8.4.10.2. Financial Performance
- 8.4.10.3. Product Benchmarking
- 8.4.10.4. Recent Developments/ Strategic Initiatives