Non-Volatile Memory Market Key Players 2020-2025

The non-volatile memory market is projected to reach USD 83.6 billion by 2025 from USD 54.3 billion in 2020, at a CAGR of 9.0% between 2020 and 2025.

To know about the assumptions considered for the study download the Free PDF Brochure

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1371262

Samsung Electronics is among the leading innovators in the non-volatile memory market. The company invests heavily in R&D to develop cost-competitive products and stay ahead in the industry. The company has adopted inorganic growth strategies to develop new technologies as well as to target new opportunities in different markets. The company has a multidimensional business approach with both backward and forward integration. The company provides foundry; testing; packaging; memory integration such as DRAM, Flash, and low power memory; and end-user application products. The company’s wide portfolio of products and services help it compete in different market segments at different levels of the value chain. The Company’s dedicated memory business unit extensively works for the development of various DRAM and NAND products with higher densities. The company plans to invest USD 116 billion in non-memory chips by 2030, to cut its reliance on the volatile memory chip market and develop chips to power self-driving cars and AI-enabled devices.

Toshiba Corp. (Japan) is one of the world’s leading companies in the non-volatile memory market. The demand for Flash memory products is high and the company strives to cater to the continuing demand for storage by introducing new memory products. The company follows organic growth strategies and has a significantly increasing R&D investment for its next-generation memories and 3D memories business. The company’s primary focus is on continuing the investment in the memory business and accelerating the development of BiCS FLASH memory. The company would enhance cost competitiveness by accelerating the development of BiCS and expand SSD business. The company plans to increase its BiCS manufacturing capacity and devote more resources to SSD development. In the future, the company is expected to open SSD Design Center in North America for the same.