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Non-Volatile Market Market Leaders

Memory is used to encode, store, decode, and retrieve information. There are two types of memories which are widely available; volatile memory and non-volatile memory. The basic difference between them is that the non-volatile memory can retain the data stored in it even when it is not powered, whereas volatile memory can store data only until it is connected to the power supply.

Key players in the non-volatile memory market sphere includes Samsung Electronics Co., Ltd. (South Korea), Toshiba Corporation (Japan), SK Hynix (South Korea), Micron Technology (U.S.), and Intel Corporation (U.S.)

Samsung Electronics Co., Ltd. (South Korea) and Toshiba Corporation (Japan) together accounted for more than 55% share of the total non-volatile memory market. Revenue generation by these two technologiesis majorly fueled by a stable growth of smartphone and tablet shipments, strong SSD demand, as well as increased memory card and UFD capacity.

In addition to this, companies like Everspin technologies Inc. (U.S.) and Avalanche Technology (U.S.) are solely focused on emerging technologies such as Magnetoresistive random-access memory (MRAM), whereas Toshiba Corporation (U.S.) and Texas Instruments (U.S.) and Infineon Technologies AG (Germany) are more focused on another emerging technology,Ferroelectric RAM (FeRAM) .

The emerging non-volatile memory market is expected to grow at a CAGR of 41.27% in the coming future. These technologies are expected to be used extensively in various modern applications such as industrial automation, healthcare, and automotive and transportation. In addition to this, large chunk of revenue is expected to generate from consumer electronics application segment, especially from enterprise storage application.

Related Reports:

Non-Volatile Memory Market by Type (Traditional, Emerging), Product (Printed Memory, Hard disk drives and others), Application (Industrial, Healthcare, Automotive, Energy and Power, Enterprise Storage and others) and Geography - Global Trends & Forecasts to 2014 - 2020

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