Non-volatile memory is a type of electrically programmable and erasable device that is utilized to store the changes in a certain location in a storage device and also able to preserve the changes done even after the power is removed when compared with volatile memory, which requires constant power when the data has to be retained. This type of memory uses user-configurable technology that does not need any periodic refreshment of the memory dissimilar to the volatile memory. Some common examples of non-volatile memory include a hard disk and flash memory.

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The major factor that is driving the growth of the global non-volatile memory market include the increasing use of high-performance smartphones, which use non-volatile memory to increase storage density and enable the fast transfer of data. In addition to this, rising investing by various companies in the technological upgradation of the non-volatile memory such as the decrease in the power consumption and increase the storage capacity of the device is further bolstering the growth of the global non-volatile memory market during the forecast period. Growing demand for emerging non-volatile memory and increasing use of such memory across various end users that includes healthcare, automotive, and consumer electronics, among others, are some of the significant factors which are proliferating the demand for non-volatile memory in the market worldwide. Moreover, various advantages offered by a non-volatile memory such as high density, low leakage, and fast read speed is fuelling the growth of the market. The factors which are responsible for hindering the growth of the global non-volatile memory market include the high cost of design and less write endurance rate.

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Based on the type, the traditional non-volatile memory segment is anticipated to increase at a higher CAGR during the forecast period owing to the increase in the adoption of flash memory in consumer electronics and growth in the number of data centres worldwide surging the demand for such memory in the market. In addition, rise in the use of artificial intelligence or machine learning across various applications is also a key factor which is propelling the growth of the market in this segment.

Based on the end-user industry, the consumer electronics segment is projected to grow at a higher rate over the forecast period in the global non-volatile memory market due to the increase in the demand for high memory density & processing power in electronics products and the growing adoption of consumer electronics across various countries. Moreover, the rising implementation of advanced technologies such as IoT and artificial intelligence in consumer electronics and the growing need for high storage capacity are some other significant factors that are surging the demand for non-volatile memory in this segment, hence fuelling the market growth.

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Based on the region, the Asia-Pacific region is expected to increase at a higher CAGR in the global non-volatile memory during the forecast period due to the rising adoption of non-volatile memory across this region as a result of the presence of a large number of data centers and increasing inclination of consumers towards spending on automotive & consumer goods. In addition, an increase in the development of new infrastructure and growing demand for online entertainment and telecommuting are some other factors that are paving various growth opportunities for non-volatile memory in this region.

Various notable players operating in the market include Toshiba Corporation, Samsung, Micron Technology, Inc., Adesto Technologies Corporation, Western Digital Corporation, Microchip Technology Inc., Intel Corporation, Crossbar, FUJITSU, and Nantero, among others. 

Key Developments: 

• • In 2020, Samsung launched an external storage device, which is a portable solid-state drive T7 Touch. This external storage device joins a compact, sleek design, has the fastest transfer speeds, and is based on USB 3.2 Gen standard.
  • In 2020, Micron Technology, Inc. launched the first open-source, heterogeneous-memory storage engine (HSE), that is developed majorly for solid-state drives and storage-class memory. This is suitable for developers that use all-flash infrastructure that needs the benefits of open-source software.

The global non-volatile memory market has been segmented on the basis of type, end-user industry, and regions. Based on type, the market is segmented into next-generation non-volatile memory and traditional non-volatile memory. The next-generation non-volatile memory segment is further categorized into FRAM, MRAM, 3D-X Point, ReRAM, Nano RAM, and others. The traditional non-volatile memory segment is further categorized into flash memory, SRAM, EEPROM, EPROM, and others. Based on end-user industry, the market is segmented into retail, consumer electronics, healthcare, IT & Telecom, and others. 

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Key questions answered in this research report:

• • At what pace is the global non-volatile memory market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the non-volatile memory market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global non-volatile memory market?
  • Which type generated maximum revenues in 2019 and identify the most promising type during the forecast period?
  • What are the various end-user industries of the global non-volatile memory market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By End-User Industry, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Toshiba Corporation, Samsung, Micron Technology, Inc., Adesto Technologies Corporation, Western Digital Corporation, Microchip Technology Inc., Intel Corporation, Crossbar, FUJITSU, and Nantero, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Non-Volatile Memory Market by Type

• • Next-Generation Non-Volatile Memory
    • FRAM
    • MRAM
    • 3D-X Point
    • ReRAM
    • Nano RAM
    • Others
  • Traditional Non-Volatile Memory
    • Flash Memory
    • SRAM
    • EEPROM
    • EPROM
    • Others

Global Non-Volatile Memory Market by End-User Industry

• • Retail
  • Consumer Electronics
  • Healthcare
  • IT & Telecom
  • Others

Global Non-Volatile Memory Market by Region

• • North America Non-Volatile Memory Market (Option 1: As a part of the free 25% customization)
    • North America Non-Volatile Memory Market by Type
    • North America Non-Volatile Memory Market by End-User Industry
    • US Non-Volatile Memory Market All-Up
    • Canada Non-Volatile Memory Market All-Up
  • Europe Non-Volatile Memory Market (Option 2: As a part of the free 25% customization)
    • Europe Non-Volatile Memory Market by Type
    • Europe Non-Volatile Memory Market by End-User Industry
    • UK Non-Volatile Memory Market All-Up
    • Germany Non-Volatile Memory Market All-Up
    • France Non-Volatile Memory Market All-Up
    • Spain Non-Volatile Memory Market All-Up
    • Rest of Europe Non-Volatile Memory Market All-Up
  • Asia-Pacific Non-Volatile Memory Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Non-Volatile Memory Market by Type
    • Asia-Pacific Non-Volatile Memory Market by End-User Industry
    • China Non-Volatile Memory Market All-Up
    • India Non-Volatile Memory Market All-Up
    • Japan Non-Volatile Memory Market All-Up
    • Rest of APAC Non-Volatile Memory Market All-Up
  • RoW Non-Volatile Memory Market (Option 4: As a part of the free 25% customization)
    • RoW Non-Volatile Memory Market by Type
    • RoW Non-Volatile Memory Market by End-User Industry
    • Brazil Non-Volatile Memory Market All-Up
    • South Africa Non-Volatile Memory Market All-Up
    • Saudi Arabia Non-Volatile Memory Market All-Up
    • UAE Non-Volatile Memory Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Non-Volatile Memory Market All-Up

Major Players Operating in the Non-Volatile Memory Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Toshiba Corporation
  • Samsung
  • Micron Technology, Inc.
  • Adesto Technologies Corporation
  • Western Digital Corporation
  • Microchip Technology Inc.
  • Intel Corporation
  • Crossbar
  • FUJITSU
  • Nantero