Non-Volatile Memory Market Report by Type (Electrically Addressed, Mechanically Addressed, and Others), Industry Vertical (Telecom and IT, Healthcare, Automotive, Consumer Electronics, Energy and Power, and Others), and Region 2024-2032

Non-Volatile Memory Market Report by Type (Electrically Addressed, Mechanically Addressed, and Others), Industry Vertical (Telecom and IT, Healthcare, Automotive, Consumer Electronics, Energy and Power, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A5794
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Market Overview:

The global non-volatile memory market size reached US$ 71.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 170.8 Billion by 2032, exhibiting a growth rate (CAGR) of 10% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 71.0 Billion
Market Forecast in 2032
US$ 170.8 Billion
Market Growth Rate (2024-2032) 10%


Non-volatile memory (NVM), also known as no-volatile storage, refers to a type of computer memory that can retain saved data even when the power is turned off. It does not require its data to be periodically refreshed and consequently finds extensive applications in retail, information technology (IT), telecommunications, automotive, and healthcare industries across the globe. Some of the commonly used NVM are read only memory (ROM), flash memory, hard disks, floppy disk drives, magnetic tapes, optical disc drives, and other computer storage methods, such as paper tapes and punch cards.

Global Non-Volatile Memory Market

Non-Volatile Memory Market Trends:

There is a rise in the reliance on smartphones for communication and other purposes, which use advanced processors and NVM to enable fast data transfer. This, in confluence with the burgeoning electronics industry, represents one of the key factors impelling the growth of the market. Moreover, NVM is utilized in long-term or secondary data storage, such as memory chips for digital cameras and universal serial bus (USB) memory sticks. Besides this, there is an increase in the adoption of flash memory in laptops, global positioning systems (GPS), gaming devices, and electronic musical instruments on account of its lower price and power consumption. This, coupled with the rising usage of NVM in wearable devices, is positively influencing the market. Apart from this, the introduction of advanced storage technologies, such as 3D XPoint, magnetoresistive random-access memory (MRAM), and nano random-access memory (NRAM), is offering lucrative growth opportunities to market players. Furthermore, extensive research and development (R&D) activities undertaken by leading market players and rapid expansion of data centers around the world are anticipated to facilitate the growth of the industry.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global non-volatile memory market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type and industry vertical.

Breakup by Type:

  • Electrically Addressed
  • Mechanically Addressed
  • Others
     

Breakup by Industry Vertical:

  • Telecom and IT
  • Healthcare
  • Automotive
  • Consumer Electronics
  • Energy and Power
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Avalanche Technology, CrossBar Inc., Dialog Semiconductor PLC (Renesas Electronics Corporation), Fujitsu Limited, Honeywell International Inc., Infineon Technologies AG, Intel Corporation, Microchip Technology Inc., Micron Technology Inc., Samsung Electronics Co. Ltd., STMicroelectronics, Texas Instruments Incorporated, Toshiba Corporation, and Western Digital Corporation.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Type, Industry Vertical, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Avalanche Technology, CrossBar Inc., Dialog Semiconductor PLC (Renesas Electronics Corporation), Fujitsu Limited, Honeywell International Inc., Infineon Technologies AG, Intel Corporation, Microchip Technology Inc., Micron Technology Inc., Samsung Electronics Co. Ltd., STMicroelectronics, Texas Instruments Incorporated, Toshiba Corporation, and Western Digital Corporation
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global non-volatile memory market was valued at US$ 71.0 Billion in 2023.

We expect the global non-volatile memory market to exhibit a CAGR of 10% during 2024-2032.

The rising adoption of smartphones for communication and other purposes, along with the increasing demand for advanced processors and non-volatile memory to enable fast data transfer, is primarily driving the global non-volatile memory market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous end-use industries for non-volatile memory.

Based on the type, the global non-volatile memory market has been segregated into electrically addressed, mechanically addressed, and others. Among these, electrically addressed currently holds the largest market share.

Based on the industry vertical, the global non-volatile memory market can be bifurcated into telecom and IT, healthcare, automotive, consumer electronics, energy and power, and others. Currently, telecom and IT exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.

Some of the major players in the global non-volatile memory market include Avalanche Technology, CrossBar Inc., Dialog Semiconductor PLC (Renesas Electronics Corporation), Fujitsu Limited, Honeywell International Inc., Infineon Technologies AG, Intel Corporation, Microchip Technology Inc., Micron Technology Inc., Samsung Electronics Co. Ltd., STMicroelectronics, Texas Instruments Incorporated, Toshiba Corporation, and Western Digital Corporation.

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Non-Volatile Memory Market Report by Type (Electrically Addressed, Mechanically Addressed, and Others), Industry Vertical (Telecom and IT, Healthcare, Automotive, Consumer Electronics, Energy and Power, and Others), and Region 2024-2032
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