What is the future of non-volatile memory?

Global Non-volatile memory market is projected to grow to USD 124.1 billion by 2027 from USD 74.6 billion in 2022; growing at a CAGR of 10.7% from 2022 to 2027.

The market is driven by the increasing demand for high-speed, low-power, and reliable memory solutions. Non-volatile memory is a type of computer memory that can retain data even when the power is turned off, unlike volatile memory such as RAM. These memories are widely used in various applications such as smartphones, tablets, laptops, and data centers.

The non-volatile memory companies are SAMSUNG (South Korea), Western Digital Technologies, Inc. (US), KIOXIA Holdings Corporation (Japan), Micron Technology, Inc. (US), and SK HYNIX INC. (South Korea) among others. The other companies profiled in the report are Microchip Technology Inc. (US), ROHM CO., LTD. (Japan), Renesas Electronics Corporation (Japan), STMicroelectronics (US), Infineon Technologies AG (Germany), Nantero, Inc. (US), Crossbar Inc. (US), Everspin Technologies Inc. (US), Winbond (Taiwan), Pure Storage, Inc. (US), Fujitsu (Japan), Viking Technology (US), NVMdurance (Ireland), Avalanche Technology (US), SMART Modular Technologies (US), Flexxon Pte Ltd (Singapore), YMTC (China), ATP Electronics, Inc. (Taiwan), HT Micron (Brazil), and SkyHigh Memory Limited (China).

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The 300 mm wafer size segment exhibits the highest CAGR in the Non-volatile memory market

Nearly all new fab upgrades and construction activities are taking place with 300 mm wafer processing. Over the last several years, there has been a tremendous increase in 300 mm (12″) wafer usage. Nearly all major chip manufacturers have either already built or have plans to build 300 mm fabrications, and nearly all equipment manufacturers have designed their new equipment with 12″ wafers. All 300 mm wafers are double-side polished and have a notch identical to the notch found on 200 mm wafers. Typically, over 600 or more chips can be manufactured from one 300 mm wafer. There are about 28 companies that own and operate 300 mm wafer fabs. The distribution of 300 mm wafers is controlled by the five manufacturers who own over three-quarters of the global 300 mm IC capacity including SAMSUNG, Micron Technology, Inc., SK HYNIX INC., TSMC, and Western Digital Technologies, Inc.

Flash memory segment to hold the largest size of Non-volatile memory market

Flash memory is an electronic non-volatile computer storage device that can be electrically erased and reprogrammed. There are two main types of flash memory – NAND and NOR. The internal characteristics of the individual flash memory cells exhibit characteristics like those of the corresponding NAND and NOR gates. Unlike EPROMs where data needs to be completely erased before being rewritten, NAND-type flash memory may be written and read in blocks (or pages), which are generally much smaller than the entire device. The NOR type allows a single machine word (byte) to be written or read independently. Flash memory is widely adopted in consumer electronics, enterprise storage, and industrial applications.

Non-volatile memory market in Asia Pacific to grow at the highest rate during the forecast period

The non-volatile memory market in Asia Pacific region is expected to be one of the key market for NVM in the future, owing to the varied applications of non-volatile memory. The market growth can be attributed to the region's high population density, making it a high-potential market for consumer electronic products. The increasing demand for non volatile memory (NVM) in consumer electronic products is driving the market in Asia Pacific. The Asia Pacific region comprises some of the leading countries in the field of electronics, such as China, Japan, Taiwan, and India. The region is a hub for significant semiconductor and electronics manufacturing. This is one of the vital factors fueling the market in the region.