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 risewith 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.
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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.
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.
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 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.
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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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