Non Volatile Memory (NVM) Market Overview:
Non-Volatile Memory Market (NMV) is expected to garner $82 billion by 2022 , registering a CAGR of 10% during the forecast period 2016 - 2022. The Non-volatile memory (NVM) Market is a type of secondary memory that is used in computer systems to facilitate permanent storage and backup facility to the crucial information.
NVM is electrically programmable and erasable to store changes in a particular location within the storage device and able to retain that change even after power outage. Additionally, NVM utilizes user-configurable technology, which does not require periodic refreshment of the memory unlike the volatile memory. Flash memory, Hard disk, and magnetic tape are the most common examples of NVM. Presently, NVM find its wide application in data centers and consumer electronics, which enhance the data transfer speed and prevent data loss.
Increasing demand for faster access and low power consumption memory devices has led to a higher adoption of NVM mainly in consumer electronics, automotive and healthcare industries. Therefore, the world NVM market is expected to grow moderately in the near future owing to high-speed data access and optimized power consumption. However, low write endurance rate and limited storage capacity restrain the market growth. Irrespective of the challenges, increase in demand for NVM mainly in flexible electronics and emergence of advanced storage technologies such as 3D XPoint, MRAM, SONOS, and NRAM would provide enormous opportunity for the market.
World NVM market segmentation
The world NVM market is segmented on the basis of type, applications, industry verticals, and geography. Based on types, the market is segmented in electrically addressed, mechanically addressed, and others. Among these types electrically addressed memory segment dominated the global market in terms of revenue contribution and is expected to maintain this trend throughout the forecast period, owing to faster speed and optimized power consumption.
Based on various applications, consumer electronics, automotive application and healthcare monitoring are the most lucrative applications and expected to exhibit faster growth compared to others. The global NVM market is segmented on the basis of geographical regions, encompassing North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for the largest share of the global market, owing to large number of data centers and increasing automotive & consumer electronics manufacturing.
Usage of NVM
Comprehensive competitive analysis and profiles of major market players, such as Adesto Technologies Corporation, Viking Technology, Crossbar Inc., Kilopass Technology Inc., Samsung Electronics Co., Ltd., Intel Corporation, Sidense Corporation, Sandisk Corporation, Fujitsu Ltd, and Micron Technology, Inc. are also provided in this report. Presently, the NVM market is largely driven by growth strategies such as product launch, acquisition, and partnership. Companies such as Micron Technology and Intel Corporation have launched new NVM to attract more number of customers and increase their market share.
Top factors impacting world NVM market
Increase in smartphone with NVM
Increase in production of high-performance smartphone fostered the market growth. These smartphones utilizes the advanced processors and NVM to enable faster access of data and enable high end-user satisfaction. In addition, the new generation smartphones are mainly equipped with NAND flash memory that support faster performance. Hence, all these factors expected to provide huge opportunities to the market growth.
Low write endurance rate
Endurance rate refers to the writing speed of a storage device. Presently, NVM memory has low endurance rate, which affects the data transfer speed of NVM devices. Hence, it is observed as a restraint to the market. However, companies are consistently working on several technological advancements to overcome this restraint. Hence, it is expected to decrease its impact on the market in near future.
- The study provides an in-depth analysis of the world NVM market to elucidate the prominent investment pockets in the market.
- Current and future trends are outlined to determine the overall attractiveness and to single out profitable trends to gain a stronger foothold in the market.
- The report provides information regarding key drivers, restraints, and opportunities with impact analysis.
- Geographically, the market is analyzed based on various regions such as North America, Europe, Asia-Pacific, and LAMEA
- Analysis of value chain is conducted for better understanding of the role of intermediaries.
Non-volatile memory (NVM) Market Key Segmentation:
- Electrically Addressed
- ROM (EPROM & EEPROM)
- NVRAM (Flash Memory and Solid-Stage Memory)
- Emerging Memory (3D XPoint, MRAM, SONOS, NRAM, CBRAM, NVDIMM FeRAM)
- Mechanically Addressed
- Magnetic Tape
- Hard-Disk Drive
- Optical-Disc Drive
- Millipede memory
- Holographic data storage
- Consumer Electronics
- Healthcare Monitoring
- Automotive Application
- Enterprise Storage
- Others (Power & Energy Distribution and Defense & Aerospace Application)
By Industry Vertical
- Telecom & IT
- Energy & Power
- Manufacturing Industries
- Others (BFSI, Media & Entertainment, and Aerospace)
- North America
- Rest of the Europe
- Rest of Asia-Pacific
- Latin America
- Middle East
Non-Volatile Memory (NVM) Market