Global Non-Volatile Memory Market Volume Forecast and Value Chain Analysis 2025


This Report Studies the Global Non-Volatile Memory Market size, industry status and forecast, competition landscape and growth opportunity. This Research Report categorizes the Global Non-Volatile Memory Industry by Companies, Region, Application, Type and end-use Industry.
Global Non-Volatile Memory Market is expected to grow in the predicted period. Non-volatile memory technologies are bound to gain significant response from semiconductor industry. Traditional memory technologies such as DRAM, SRAM and Flash are expected to become obsolete and a novel technology called ‘universal memory’ is expected to rise with characteristics such as high-density, high speed, low-power, random accessibility, non-volatility and unlimited endurance. Such characteristics enable non-volatile memory to deliver certain requirements of applications from a large supercomputer to a low-cost consumer handheld device. Universal memory includes phase change memory, magnetic memory, toggle-mode magnetic memory and spin-transfer torque memory.
Currently, FRAM, MRAM and DRAM are in queue for commercial production but still relevant to DRAM and NAND flash still pose as limited niche applications. Further, MRAM, STT-RAM and ReRAM are emerging technologies but they are still away from actual adoption. Factors such as rising demand for high-speed, high memory and low-power consumption and growing demand for non-volatile memory market in connected & wearable devices. However, low write endurance that affects the adequacy over other memories in certain applications is likely to hinder market growth in the predicted period.
Based on type, the non-volatile market is segmented into emerging and traditional. Traditional non-volatile memory is expected to grow in the predicted period owing to rise in connected devices and rise in IoT market due to its high efficiency. Based on end-user, the non-volatile market is segmented into enterprise, consumer electronics, military and aerospace, industrial, telecommunication, energy & power, healthcare, agriculture and retail. Retail sector is likely to grow in the predicted period owing to growth in retail industry and integration with data analytics to comprehend customer expectation.
Geographically, the non-volatile memory market spans North America, Latin America, Europe, Asia-Pacific, Middle-East and Africa. APAC regions are expected to grow in the predicted period owing to rise in use of semiconductor devices in assembled form and also rise in number of gadgets for communication. Also, the region focuses on developing DRAM, e-DRAM, V-NAND and Flash memory. North America and Europe also account for a larger share in the global market owing to rising number of smartphones and other electronic items.
Emerging non-volatile technologies such as phase-change memory, magnetoresistive random access memory and resistive random access memory have prolonged histories. But still, their adoption in specific markets remain restrained owing to manufacturing challenges. However, memory technologies are constantly improving in all terms and also there are favorable factors propelling the growth of non-volatile memory market. The key players in the non-volatile memory market include Samsung Electronics Ltd, Toshiba Corp, Micron Technology Inc, Western Digital Corp and SK Hynix Inc.   

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