Global NVM Market: Mainly Propelled by Increasing Demand for Low Power Consumption Memory Devices
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The global non-volatile memory market is primarily driven by rising demand for non-volatile memory in wearable devices
The global non-volatile memory market trends include rising demand for non-volatile memory in wearable devices, increasing demand for faster access and low power consumption memory devices, higher implementation of NVM chiefly in automotive, consumer electronics, and healthcare industries. However, optimizing storage densities and capacities, and low write endurance rate is the factors limiting the global non-volatile memory market growth. Moreover, increasing replacement of traditional memory with emerging non-volatile memory is likely to open up new profitable growth opportunities for the market in the forecast period.
Type, industry vertical, application, and geography are the segmentation of the global non-volatile memory market. The type segment is categorized into electrically addressed (ROM, emerging memory, and NVRAM), mechanically addressed (hard-disk drive, magnetic tape, millipede memory, optical-disk drive, and holographic data storage), and other types (nanobridge, Zero RAM, FRAM, and molecular). By industry vertical the segmentation includes into automotive, telecom & IT, healthcare, manufacturing industries, energy & power, and other industry verticals (media & entertainment, aerospace, and BFSI). Furthermore, the non-volatile memory application segment consists of healthcare monitoring, electronics, enterprise storage, automotive & transportation, industrial, and others applications (defense & aerospace application, and power & energy distribution).
Geographically, the market has been bifurcated into North America, Europe, Asia-Pacific, and RoW. North America (U.S., Mexico, and Canada), Europe (Russia, Germany, UK, France, and Rest of Europe), Asia-Pacific (Singapore, China, South Korea, Japan, and Rest of Asia-Pacific) and RoW (Middle East, South America, and Africa) are the key geographical regions included in this market.
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Based on type, electrically addressed occupied the majority of the share in 2017
On the basis of type, electrically addressed segment accounted for the major non-volatile memory market (NVM) share in the year 2017. The growth in the segment can be credited as they are faster than mechanically addressed systems and have optimized power consumption. Moreover, market for other types is growing in the forecast timeframe 2017 – 2025.
Telecom & IT, by industry vertical accounted for the leading market share in 2017
On the basis of non-volatile memory (NVM) market industry analysis, the telecom & IT sub-segment dominated the market in the year 2017 and is expected to continue its trend in the forecast period. Moreover, automotive sub-segment is expected to reach the fastest CAGR throughout the forecast period.
Enterprise storage held for the leading market share in the application segment
Based on application segment, enterprise storage sub-segment contributed for largest market share in the year 2017, owing to extensive usage of NVM in enterprise storage as the data stores in enterprise is much more and is highly valuable. In terms of growth, consumer electronics is anticipated to achieve the fastest CAGR throughout the forecast period 2017 – 2025.
Asia-Pacific led the global non-volatile memory market in 2017
On the basis of geography, Asia-Pacific dominated the global market with highest market share in the year 2017. The presence of key industry participants in countries such as India, China, Japan, and South Korea, has led the Asia-Pacific region to grow. Similarly, Asia-Pacific is anticipated to attain the fastest CAGR over the forecast period, owing to increasing smart phone and computers industry in the region.
Key players profiled in the report include Samsung Electronics Co. Ltd., International Business Machine Corporation, Adesto Technologies, Crossbar Inc., Toshiba Corporation, SK Hynix, Inc., Intel Corporation, Fujitsu Ltd, Micron Technology, Inc., and Western Digital Corp, among others.
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Scope of the Global Non-volatile memory (NVM) Market
• Electrically Addressed
o Emerging Memory
• Mechanically Addressed
o Magnetic Tape
o Hard-Disk Drive
o Optical-Disk Drive
o Millipede Memory
o Holographic Data Storage
• Other Types
o Zero RAM
• Consumer Electronics
• Healthcare Monitoring
• Automotive & Transportation
• Enterprise Storage
• Others Applications (Power & Energy Distribution and Defense & Aerospace Application)
Industry Vertical Segments
• Telecom & IT
• Energy & Power
• Manufacturing Industries
• Other industry verticals
• North America
o Rest of Europe
o South Korea
o Rest of Asia-Pacific
o South America
o Middle East
About Variant Market Research
Variant Market Research offers syndicated and customized reports to fulfil clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise is data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.
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