Global Phase Change Memory Market Size, Share, Opportunities, And Trends By Technology (PCM as DRAM, PCM as Static RAM (SRAM), PCM as Storage-Class Memory, PCM as Flash Memory), By Application (Automotive, Smart Cards, Cell Phones, Others), And By Geography - Forecasts From 2025 To 2030

Description

Phase Change Memory Market Size:

The Phase Change Memory Market will surge from USD 699.300 million in 2025 to USD 4,491.608 million in 2030, fueled by a 45.06% compound annual growth rate (CAGR).

The market is expected to surge in the coming years because of the adoption of novel and advanced storage technologies. The next-generation market will register supplementary growth, during the forecast period, as major companies have been trying to capture significant market share, in the crowded embedded storage space market. Phase Change Memory, known as non-volatile memory, stores and saves data by changing and altering the state of a material. This type of storage is faster, as compared to other flash memory, and provides better endurance. Major companies have been trying to develop advanced phase storage memory devices and solutions, for their customers. For Instance, Intel, one of the major players in the market, had been shipping and selling a device known as 3D XPoint, next-generation memory storage, based on phase change. The company sells this device for Solid State Storage Devices and other related products. Other companies, such as Micron, had been developing novel phase storage technology and solutions. STMicroelectronics, one of the major players in the market, had been sampling products, which were based on embedded phase-change memory. The company had been developing and manufacturing an automotive microcontroller, which contained embedded phase change, and was based on 28nm FD-SOI technology. The phase change memory market is a novel and emerging market and is expected to register significant growth in the coming years.

Phase Change Memory Market Growth Drivers:

• Increasing Number of Smartphone Shipments

The growth in the number of smartphone unit shipments, with the launch of innovative, advanced, and novel solutions, is expected to drive the Phase Change Memory market growth, during the forecast period. According to the data released by the International Data Corporation, worldwide smartphone manufacturers, vendors, and producers shipped a total of around 354.7 million smartphones, in the third quarter of 2020. The sales and revenue declined in the year 2020, because of the COVID-19 Pandemic Impact, but the market is expected to rebound in the year 2021, because of the growth in emerging, novel, and developing markets, such as China, India, Vietnam, Indonesia, and others. Samsung, one of the major players in the market, had a worldwide market share of 22.7% in the third quarter of the year 2020 and registered over 80.4 million shipments. The company had a growth of 2.2%, on a year-on-year basis. Xiaomi, one of the biggest smartphone manufacturers, had a market share of 13.1% in the third quarter of 2020 and showed a rise and growth of 42%, on a year-on-year basis. The company is expected to use phase change memory storage solutions, in their smartphones in the coming years, as the company moves towards premium products. Countries like China and India are expected to drive market growth in the coming years. India is registering substantial growth, in the past few years. According to the International Brand Equity Foundation, a think tank of the Ministry of Commerce, the country’s smartphone market grew by 14.5%, YoY, with a shipment of approx. 142.3 million units, in the year 2018. The country is expected to have more than 829 million smartphone users, by the year-end of 2022. According to China’s Academy of Telecommunication Research Statistics, around 73% of 529 handset manufacturers in the country, had been engaging in the manufacturing of smartphones. The International Data Corporation also stated that the smartphone market is expected to register a growth of 4.3%, year over year growth, in the next few years. Companies like Apple delivered excellent performance in the last quarter of the year 2020, with over 90.1 million devices and products shipped. According to the report, Samsung shipped over 266.7 million units in the year 2020, followed by Apple (206.1), Huawei (189.0), and Xiaomi (147.8), in the same year.

Phase Change Memory Market Trends:

With the advancement and innovation in technologies, the market is expected to surge at an exponential rate in the coming years. Major companies have been trying to develop advanced, novel, and innovative products and technologies, for their customers. Companies have been investing a significant sum of capital into Research and Development, and product differentiation. Recently, Intel, one of the major players in the market, sold its Nand Solid-State and Flash Drive manufacturing assets to SK Hynix, a major South Korean Firm, for US$9 billion. The company had been keeping 3D XPoint-based Optane Product, which is also based on phase storage memory technology. The product had no transistors and puts selectors and memory cells, at the intersection of perpendicular wires in grids. The major reason for the adoption of Optane products is the surge in demand for more threads and cores in a computer. Other companies have been making major developments in the market. IBM, one of the biggest players in the market, devised a programming approach, with the use of phase-change memory technology, that achieved reduced energy consumption and greater accuracy. Researchers working on the IBM project stated that phase-change memory could alter state when current passes through it. The novel technology would be used with Artificial Intelligence. In October 2020, STMicroelectronics, a worldwide semiconductor leader, announced the details of its innovative and advanced Stellar Automotive Microcontrollers. The novel product showed how the devices ensured deterministic and reliable execution of various and multiple real-time applications. The company would use non-volatile phase-change memory, to support safety standards by delivering very effective over-the-air updates and single-bit overwrite capability, with minimum or no downtime. The rise in the automotive sector is also expected to have a major factor in the market. Electric vehicles would have a major impact in the coming years. According to the International Energy Agency, sales of electric cars were around 2.1 million, worldwide, in the year 2019. With the adoption of novel microcontrollers, the phase change memory market will register supplementary growth in the coming years.

Segmentation

• By Technology
  • PCM as DRAM
  • PCM as Static RAM (SRAM)
  • PCM as Storage-Class Memory
  • PCM as Flash Memory
• By Application
  • Automotive
  • Smart Cards
  • Cell Phones
  • Consumer Electronics
  • Industrial Applications
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Taiwan
    • Others

Table Of Contents

1. EXECUTIVE SUMMARY 

2. MARKET SNAPSHOT

2.1. Market Overview

2.2. Market Definition

2.3. Scope of the Study

2.4. Market Segmentation

3. BUSINESS LANDSCAPE 

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities 

3.4. Porter’s Five Forces Analysis

3.5. Industry Value Chain Analysis

3.6. Policies and Regulations 

3.7. Strategic Recommendations 

4. TECHNOLOGICAL OUTLOOK

5. GLOBAL PHASE CHANGE MEMORY MARKET BY TECHNOLOGY

5.1. Introduction

5.2. PCM as DRAM

5.3. PCM as Static RAM (SRAM)

5.4. PCM as Storage-Class Memory

5.5. PCM as Flash Memory

6. GLOBAL PHASE CHANGE MEMORY MARKET BY APPLICATION

6.1. Introduction

6.2. Automotive

6.3. Smart Cards

6.4. Cell Phones

6.5. Consumer Electronics

6.6. Industrial Applications

6.7. Others

7. GLOBAL PHASE CHANGE MEMORY MARKET BY GEOGRAPHY

7.1. Introduction

7.2. North America

7.2.1. By Technology

7.2.2. By Application

7.2.3. By Country

7.2.3.1. USA

7.2.3.2. Canada

7.2.3.3. Mexico

7.3. South America

7.3.1. By Technology

7.3.2. By Application

7.3.3. By Country

7.3.3.1. Brazil

7.3.3.2. Argentina

7.3.3.3. Others

7.4. Europe

7.4.1. By Technology

7.4.2. By Application

7.4.3. By Country

7.4.3.1. United Kingdom

7.4.3.2. Germany

7.4.3.3. France

7.4.3.4. Spain

7.4.3.5. Others

7.5. Middle East and Africa

7.5.1. By Technology

7.5.2. By Application

7.5.3. By Country

7.5.3.1. Saudi Arabia

7.5.3.2. UAE

7.5.3.3. Others

7.6. Asia Pacific

7.6.1. By Technology

7.6.2. By Application

7.6.3. By Country

7.6.3.1. China

7.6.3.2. Japan

7.6.3.3. India

7.6.3.4. South Korea

7.6.3.5. Taiwan

7.6.3.6. Others

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES

9.1. Micron Technology

9.2. IBM

9.3. Taiwan Semiconductor Manufacturing Company

9.4. STMicroelectronics

9.5. Samsung Electronics

9.6. SK Hynix Inc.

9.7. Fujitsu Ltd.

9.8. Western Digital Corporation

10. APPENDIX

10.1. Currency

10.2. Assumptions

10.3. Base and Forecast Years Timeline

10.4. Key benefits for the stakeholders

10.5. Research Methodology 

10.6. Abbreviations 

LIST OF FIGURES

LIST OF TABLES

Companies Profiled

Micron Technology

IBM

Taiwan Semiconductor Manufacturing Company

STMicroelectronics

Samsung Electronics

SK Hynix Inc.

Fujitsu Ltd.

Western Digital Corporation

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