How big is the Non-Volatile Memory Market?

The Non-Volatile Memory Market size is expected to reach USD 94.52 billion in 2024 and grow at a CAGR of 11.76% to reach USD 164.79 billion by 2029. Read More

What is the current Non-Volatile Memory Market size?

In 2024, the Non-Volatile Memory Market size is expected to reach USD 94.52 billion. Read More

Who are the key players in Non-Volatile Memory Market?

Rohm co. ltd, STMicroelectronics NV, Fujitsu ltd, Intel Corporation and Honeywell International Inc. are the major companies operating in the Non-Volatile Memory Market. Read More

Which is the fastest growing region in Non-Volatile Memory Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Non-Volatile Memory Market?

In 2024, the Asia Pacific accounts for the largest market share in Non-Volatile Memory Market. Read More

What years does this Non-Volatile Memory Market cover, and what was the market size in 2023?

In 2023, the Non-Volatile Memory Market size was estimated at USD 84.57 billion. The report covers the Non-Volatile Memory Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Non-Volatile Memory Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Non-Volatile Memory Market

Non-Volatile Memory Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Global Non-Volatile Memory Market Analysis and it is Segmented by Type (Traditional Non-volatile Memory (Flash Memory, EEPROM, SRAM, and EPROM) and Next Generation Non-volatile Memory (MRAM, FRAM, ReRAM, 3D-X Point, and Nano RAM)), End-user Industry (Consumer Electronics, Retail, IT and Telecom, and Healthcare), and Geography.

Non-Volatile Memory Industry Overview

The non-volatile memory market is competitive and consists of several major players. The competitive rivalry in this industry is primarily dependent on sustainable competitive advantage through innovation, levels of market penetration, and power of competitive strategy. Since the market is capital intensive, the barriers to exit are high as well. Some of the major players operating in the market include Rohm Co. Ltd, STMicroelectronics NV, Fujitsu ltd, and Intel Corporation. Some of the recent developments in the market are:

January 2022 - SK Hynix Inc. announced the completion of the first phase of the transaction to acquire Intel's NAND and solid-state drive (SSD) business. According to the company, it has closed the first phase of the transaction by acquiring Intel's SSD business and the Dalian NAND flash manufacturing facility in China.
October 2021 - NSCore Inc. introduced OTP+, One-Time-Programmable Plus, a non-volatile memory solution for IoT technology applications. According to the company, the 40 nm Ultra-Low-Power OTP NVM IP Solution can minimize the need to re-spin the fabrication of an IoT chip, which is critical in the emerging market. In addition, the NSCore OTP+ solution can be reprogramed and modified, unlike standard OTP Ip solutions.
July 2021 - Micron Technology announced that it began mass shipping the world's first 176-layer NAND Universal Flash Storage (UFS) 3.1 mobile solution. Designed for high-end and flagship phones, Micron's UFS 3.1 discrete mobile NAND memory unlocks the potential of 5G with sequential write and random read speeds of up to 75% compared to previous generations.