Non Volatile Memory Market - Forecast From 2019 To 2024

120 pages
Published on : May 2019
Report Code : KSI061612271


The non-volatile memory market is projected to grow at a CAGR of 0.81% to reach US$64.887 billion by 2024, from US$61.830 billion in 2018. The growing number of connected devices is leading to increasing demand for storage solutions which is significantly boosting the growth of the market. Further, the growing number of investments in data centers is further providing an opportunity for the non-volatile memory product providers to generate higher revenues. Simultaneously, increasing storage densities in smartphones and laptops is further supplementing the growth of the market. the non-volatile memory market has been segmented on the basis of type, end user and geography. In the type segment, Flash is anticipated to grow significantly on account of the increasing demand for data storage along with the larger data storage, faster processing and cheaper cost features of flash memory. In the end user segment consumer electronics is projected to grow substantially on account of the increasing disposable income and rising technological development in the smartphone market. Geographically, Asia Pacific is anticipated to be a grow at a notable rate owing to the increasing investments in data centers. Simultaneously, the increasing production of smartphones and automobiles in countries like China and India is projected to boost the market for non-volatile memory during the forecast period.


  • Growing demand for high-speed memory devices.
  • Budding consumer electronics industry.


  • Cyclical nature of the semiconductor industry.


  • In November 2018, SK Hynix Inc. launched the world’s first 96-Layer 512Gb CTF based 4D NAND Flash based on its TLC (Triple-Level Cell) arrays, using 3D CTF.
  • In May 2018, Toshiba memory corporation announced the expansion of 3D flash memory production capacity by building a new facility in KitaKami.
  • In May 2017, Intel launched two new Intel 3D NAND solid-state drives for data centers, the Intel SSD DC P4500 Series and Intel SSD DC P4600 Series, along with reinforcing its commitment to expanding 3D NAND supply.

The major players profiled in the Non-volatile Memory market include Samsung Electronics Co. Ltd, SK Hynix, Inc., Intel Corporation, Toshiba Memory Corporation, Micron Technology, Inc., Western Digital Corporation, Microchip Technology Inc., Adesto Technologies Corporation, Fujitsu Limited, Viking Technology, and ATP Electronics Inc.


The Non-volatile Memory markethas been analyzed through the following segments:

  • By Type
    • SORM
    • EPROM
    • Flash
      • NAND
      • NOR
    • FRAM
    • Non-Volatile SRAM
    • Others
  • By End User
    • Automotive
    • Consumer Electronics
    • Telecommunication
    • Military & Aerospace
    • Healthcare 
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • Israel
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Others