Non-Volatile Memory Market by Type (Flash (NAND, NOR), EEPROM, NVSRAM, Embedded, EPROM, 3D NAND, MRAM/STTMRAM, FRAM, RERAM/CBRAM, 3D XPOINT, NRAM), End-User Industry, and Geography - Global Forecast to 2022

The global non-volatile memory market is expected to increase to USD 82.03 Billion by 2022, at a CAGR of 9.50% between 2017 and 2022. This report provides a detailed analysis of the non-volatile memory market based on type, end-user industry, and geography.

The years considered for the study are as follows:

• Base Year: 2016
• Estimated Year: 2017
• Projected Year: 2022
• Forecast Period: 2017 to 2022

The major objectives of the study are as follows:

• To define, describe, and forecast the non-volatile memory market, in terms of value, based on type, end-user industry, and geography
• To provide the market statistics for the non-volatile memory market based on application in terms of value
• To forecast the market size, in terms of value, for various segments with respect to four major geographies, namely, North America (NA), Europe, Asia-Pacific (APAC), and Rest of the World (RoW)
• To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
• To strategically analyze the micromarkets1 with respect to individual growth trends, future prospects, and contributions to the total market
• To analyze opportunities in the market for stakeholders by identifying high-growth segments of the non-volatile memory market
• To provide a detailed overview of the value chain in the market and analyze market trends with the  Porter’s Five Forces analytical framework
• To strategically profile the key players and comprehensively analyze their market position in terms of ranking and core competencies2 along with detailing the competitive landscape for market leaders
• To analyze strategic developments such as new product launches and related developments, acquisitions, expansions, and agreements in the non-volatile memory market

During this research study, major players of the non-volatile memory ecosystem in various regions have been identified and their offerings, regional presence, and distribution channels have been understood through in-depth discussions. To find the overall market size, top-down and bottom-up approaches have been used to estimate the sizes of other individual markets by using percentage splits from secondary sources such as Hoovers, Bloomberg Business, Factiva, and OneSource and primary research. The entire procedure includes the study of the annual and financial reports of the top market players and extensive interview of industry leaders such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) pertaining to the market. The figure below shows the breakdown of the primaries on the basis of the company type, designation, and region conducted during the research study.

To know about the assumptions considered for the study, download the pdf brochure

The ecosystem of non-volatile memory market comprises a network of integrated circuit designers, raw material suppliers, manufacturers of semiconductor components, foundries, device manufacturers, chip manufacturers, ODMs, and outsourced semiconductor assembly and testing services (OSATS) players, among others. The key companies in the non-volatile memory are Samsung Electronics Co., Ltd. (South Korea), Toshiba Corp. (Japan), Micron Technology, Inc. (U.S.), SK Hynix, Inc. (South Korea), and Western Digital Corp. (U.S.). The prominent companies in the markets include well-established, financially stable and technically expert players that have been operating in the industry for several years and have diversified product portfolios, proprietary technologies, and strong distribution networks through collaborations and acquisitions.

Target Audience:

• Semiconductor product designers and fabricators
• Application providers
• Business providers
• Research institutes
• Market research and consulting firms
• Technology investors
• Governments and financial institutions
• Analysts and strategic business planners

Report Scope:

By Type:

• Traditional
• Emerging

By End-user Industry:

• Consumer electronics
• Enterprise
• Automotive & Transportation
• Military & Aerospace
• Industrial
• Telecommunication
• Energy & Power
• Healthcare
• Agricultural
• Retail

Geography:

• APAC
• North America
• Europe
• RoW

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the client’s specific needs. The following customization options are available for the report:

Geographic Analysis

• Further analysis of the non-volatile memory market for additional countries

Company Information

• Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 List of Major Secondary Sources
           2.2.2 Key Data From Secondary Sources
    2.3 Primary Data
           2.3.1 Breakdown of Primaries
           2.3.2 Key Data From Primary Sources
    2.4 Secondary and Primary Research
    2.5 Key Industry Insights
    2.6 Market Size Estimation
    2.7 Bottom-Up Approach
           2.7.1 Approach for Capturing the Market Size By Bottom-Up Analysis (Demand Side)
    2.8 Top-Down Approach
           2.8.1 Approach for Capturing the Market Share By Top-Down Analysis (Supply Side)
    2.9 Market Breakdown and Data Triangulation
    2.10 Research Assumptions

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 35)
    4.1 Lucrative Growth Opportunities in the Non-Volatile Memory Market
    4.2 Flash (2D NAND + NOR) Memory Market, By End-User Industry, 2017 & 2022 (USD Million)
    4.3 Consumer Electronics: Non-Volatile Memory Market, By Tradtional Type, 2017 & 2022 (USD Million)
    4.4 Geographic Snapshot of the Non-Volatile Memory Market
    4.5 Europe: Non-Volatile Memory Market, By Country, 2017 & 2022 (USD Billion)

5 Market Overview (Page No. - 39)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 Non-Volatile Memory Market, By Type
           5.2.2 Non-Volatile Nemory Market, By End-User Industry
           5.2.3 Geographic Scope
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Need for High-Speed, Low–Power-Consuming, and Highly Scalable Memory Devices
                    5.3.1.2 Growing Demand for Non-Volatile Memory in Connected and Wearable Devices
           5.3.2 Restraints
                    5.3.2.1 Low Write Endurance Rate
           5.3.3 Opportunities
                    5.3.3.1 Growing Adoption of High-End Computing, Servers, and Data Centers
                    5.3.3.2 Increasing Replacement of Traditional Memory With Emerging Non-Volatile Memory
           5.3.4 Challenges
                    5.3.4.1 Optimizing Storage Densities and Capacities
                    5.3.4.2 Higher Design Costs

6 Industry Trends (Page No. - 48)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Technology Trends
    6.4 Porter’s Five Forces Analysis
           6.4.1 Threat of New Entrants
           6.4.2 Threat 0f Substitutes
           6.4.3 Bargaining Power of Buyers
           6.4.4 Bargaining Power of Suppliers
           6.4.5 Intensity of Competitive Rivalry

7 Market, By Type (Page No. - 60)
    7.1 Introduction
    7.2 Traditional Non-Volatile Memory
           7.2.1 Flash (2D NAND + NOR)Memory
                    7.2.1.1 2D NAND Flash Memory
                    7.2.1.2 NOR Flash Memory
           7.2.2 Electrically Erasable Programmabel Read Only Memory (SPROM)
           7.2.3 Non-Volatile SRAM
           7.2.4 Embedded Non-Volatile Memory
           7.2.5 Erasable Programmable Read Only Memory (EPROM)
    7.3 Emerging Non-Volatile Memory
           7.3.1 3D NAND
           7.3.2 Magnetoresistive Random Access Memory (MRAM)
                    7.3.2.1 Spin-Transfer Torque Random Access Memory (STT-RAM)
           7.3.3 Ferroelectric RAM (FRAM)
           7.3.4 Resistive Random Access Memory (RERAM)
                    7.3.4.1 Programmable Metallization Cell (PMC)/CBRAM
           7.3.5 3D Xpoint
           7.3.6 Nano RAM
           7.3.7 Others (Nanobridge, Quantum-Dots, Millipede, Molecular, Transparent/Flexible)

8 Market, By End-User Industry (Page No. - 91)
    8.1 Introduction
    8.2 Consumer Electronics
           8.2.1 Mobile Phones, Tablets, and Laptops
           8.2.2 Wearable Electronic Devices
           8.2.3 Smart Home (Lighting Control, Security & Access Control, Smart Kitchen, and Others)
           8.2.4 Others (Washing Machines, Dishwashers, and More)
    8.3 Enterprise
           8.3.1 USB Drives
           8.3.2 SSD Drives
    8.4 Automotive and Transportation
           8.4.1 Smart Airbags
           8.4.2 Navigation
           8.4.3 Black Box
    8.5 Military and Aerospace
    8.6 Industrial
           8.6.1 Industrial Automation
           8.6.2 HMI
           8.6.3 PLC
    8.7 Telecommunication
    8.8 Energy and Power
           8.8.1 Smart Grid
           8.8.2 Smart Metering
           8.8.3 Solar and Wind Applications
    8.9 Healthcare
           8.9.1 Pacemaker
           8.9.2 Heart Rate Monitors
           8.9.3 Health Monitoring Devices
    8.10 Agricultural
           8.10.1 Field/Crop Management
           8.10.2 Soil Analysis/Monitoring
    8.11 Retail
           8.11.1 Point of Sale Devices
           8.11.2 Inventory Tracking

9 Geographic Analysis (Page No. - 130)
    9.1 Introduction
    9.2 APAC
           9.2.1 China
           9.2.2 Japan
           9.2.3 South Korea
           9.2.4 India
           9.2.5 Rest of APAC
    9.3 North America
           9.3.1 U.S.
           9.3.2 Canada
           9.3.3 Mexico
    9.4 Europe
           9.4.1 U.K.
           9.4.2 Germany
           9.4.3 France
           9.4.4 Rest of Europe
    9.5 Rest of the World (RoW)
           9.5.1 Middle East
           9.5.2 South America
           9.5.3 Africa

10 Competitive Landscape (Page No. - 145)
     10.1 Overview
     10.2 Key Players in the Non-Volatile Memory Market
     10.3 Competitive Situation and Trends
             10.3.1 New Product Development and Launches
             10.3.2 Partnerships, Agreements, and Collaborations
             10.3.3 Acquisitions
             10.3.4 Investments and Expansions

11 Company Profiles (Page No. - 153)
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
     11.1 Introduction
     11.2 Samsung Electronics Co., Ltd. (South Korea)
     11.3 Toshiba Corp. (Japan)
     11.4 Micron Technology, Inc. (U.S.)
     11.5 SK Hynix, Inc. (South Korea)
     11.6 Western Digital Corp. (U.S.)
     11.7 Adesto Technologies Corp. (U.S.)
     11.8 Intel Corporation. (U.S.)
     11.9 Microchip Technology, Inc. (U.S.)
     11.10 Fujitsu Ltd. (Japan)
     11.11 Everspin Technologies, Inc. (U.S.)
     11.12 Viking Technologes Ltd. (U.S.)
     11.13 Crossbar Inc. (U.S.)
     11.14 Nantero Inc. (U.S.)
     11.15 Kilopass Technology Inc. (U.S.)
     11.16 Sidense Corp. (U.S.)
     11.17 Key Innovators
             11.17.1 Introduction
             11.17.2 Nvmdurance Ltd. (Ireland)
             11.17.3 Avalanche Technology Inc. (US)
             11.17.4 Floadia Corporation (Japan)

*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 190)
     12.1 Insights of Industry Experts
     12.2 Questionnaire
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Introducing RT: Real Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Report
     12.7 Author Details

List of Tables (80 Tables)

Table 1 Attributes of Different Types of Non-Volatile Memories
Table 2 Write Endurance of Different Memory Technologies
Table 3 Non-Volatile Memory Market, By Type, 2014–2022 (USD Billion)
Table 4 Traditional Non-Volatile Memory Market, By Type, 2014–2022 (USD Million)
Table 5 Traditional Non-Volatile Memory Market, By End-User Industry, 2014–2022 (USD Million)
Table 6 Traditional Non-Volatile Memory Market, By Region, 2014–2022 (USD Million)
Table 7 NOR and NAND Flash: Differentiation
Table 8 Non-Volatile Memory Market for Flash (2D NAND + NOR) Memory, By Type, 2014–2022 (USD Billion)
Table 9 Non-Volatile Memory Market for Flash (2D NAND + NOR) Memory, By End-User Industry, 2014–2022 (USD Million)
Table 10 Non-Volatile Memory Market for 2D NAND Flash Memory, By End-User Industry, 2014–2022 (USD Million)
Table 11 Non-Volatile Memory Market for NOR Flash Memory, By End-User Industry, 2014–2022 (USD Million)
Table 12 Non-Volatile Memory Market for EEPROM Memory, By End-User Industry, 2014–2022 (USD Thousand)
Table 13 Non-Volatile Memory Market for NVSRAM Memory, By End-User Industry, 2014–2022 (USD Thousand)
Table 14 Embedded Non-Volatile Memories: Differentiation
Table 15 Non-Volatile Memory Market for Embedded Memory, By End-User Industry, 2014–2022 (USD Thousand)
Table 16 Non-Volatile Memory Market for Erom Memory, By End-User Industry, 2014–2022 (USD Thousand)
Table 17 Emerging Non-Volatile Memory Market, By Type, 2014–2022 (USD Million)
Table 18 Emerging Non-Volatile Memory Market, By End-User Industry, 2014–2022 (USD Million)
Table 19 Emerging Non-Volatile Memory Market, By Region, 2014–2022 (USD Million)
Table 20 Non-Volatile Memory Market for 3D NAND Flash, By End-User Industry, 2014–2022 (USD Million)
Table 21 Non-Volatile Memory Market for MRAM, By End-User Industry, 2014–2022 (USD Million)
Table 22 Non-Volatile Memory Market for FRAM, By End-User Industry, 2014–2022 (USD Thousand)
Table 23 Non-Volatile Memory Market for RERAM/CBRAM, By End-User Industry, 2014–2022 (USD Thousand)
Table 24 Non-Volatile Memory Market for 3D Xpoint, By End-User Industry, 2014–2022 (USD Million)
Table 25 Non-Volatile Memory Market for NRAM, By End-User Industry, 2014–2022 (USD Thousand)
Table 26 Non-Volatile Memory Market for Other Memories, By End-User Industry, 2014–2022 (USD Million)
Table 27 Non-Volatile Memory Market, By End-User Industry, 2014–2022 (USD Million)
Table 28 Non-Volatile Memory Market for Consumer Electronics, By Type, 2014–2022 (USD Million)
Table 29 Traditional Non-Volatile Memory Market for Consumer Electronics, By Type, 2014–2022 (USD Million)
Table 30 Traditional Flash (2D NAND + NOR) Memory Market for Consumer Electronics, By Type, 2014–2022 (USD Million)
Table 31 Emerging Non-Volatile Memory Market for Consumer Electronics, By Type, 2014–2022 (USD Million)
Table 32 Non-Volatile Memory Market for Enterprise, By Type, 2014–2022 (USD Million)
Table 33 Traditional Non-Volatile Memory Market for Enterprise, By Type, 2014–2022 (USD Million)
Table 34 Emerging Non-Volatile Memory Market for Enterprise, By Type, 2014–2022 (USD Million)
Table 35 Non-Volatile Memory Market for Automotive and Transportation, By Type, 2014–2022 (USD Million)
Table 36 Traditional Non-Volatile Memory Market for Automotive and Transportation, By Type, 2014–2022 (USD Million)
Table 37 Traditional Flash (2D NAND + NOR) Memory Market for Automotive and Transportation, By Type, 2014–2022 (USD Million)
Table 38 Emerging Non-Volatile Memory Market for Automotive and Transportation, By Type, 2014–2022 (USD Million)
Table 39 Non-Volatile Memory Market for Military and Aerospace, By Type, 2014–2022 (USD Million)
Table 40 Traditional Non-Volatile Memory Market for Military and Aerospace, By Type, 2014–2022 (USD Thousand)
Table 41 Traditional Flash (2D NAND + NOR) Memory Market for Military and Aerospace, By Type, 2014–2022 (USD Million)
Table 42 Emerging Non-Volatile Memory Market for Military and Aerospace, By Type, 2014–2022 (USD Million)
Table 43 Non-Volatile Memory Market for Industrial, By Type, 2014–2022 (USD Million)
Table 44 Traditional Non-Volatile Memory Market for Industrial, By Type, 2014–2022 (USD Thousand)
Table 45 Traditional Flash (2D NAND + NOR) Memory Market for Industrial, By Type, 2014–2022 (USD Million)
Table 46 Emerging Non-Volatile Memory Market for Industrial, By Type, 2014–2022 (USD Million)
Table 47 Non-Volatile Memory Market for Telecommunication, By Type, 2014–2022 (USD Million)
Table 48 Traditional Non-Volatile Memory Market for Telecommunication, By Type, 2014–2022 (USD Million)
Table 49 Traditional Flash (2D NAND + NOR) Memory Market for Telecommunication, By Type, 2014–2022 (USD Million)
Table 50 Emerging Non-Volatile Memory Market for Telecommunication, By Type, 2014–2022 (USD Million)
Table 51 Non-Volatile Memory Market for Energy and Power, By Type, 2014–2022 (USD Million)
Table 52 Traditional Non-Volatile Memory Market for Energy and Power, By Type, 2014–2022 (USD Million)
Table 53 Traditional Flash (2D NAND + NOR) Memory Market for Energy and Power, By Type, 2014–2022 (USD Million)
Table 54 Emerging Non-Volatile Memory Market for Energy and Power, By Type, 2014–2022 (USD Thousand)
Table 55 Non-Volatile Memory Market for Healthcare, By Type, 2014–2022 (USD Million)
Table 56 Traditional Non-Volatile Memory Market for Healthcare, By Type, 2014–2022 (USD Million)
Table 57 Traditional Flash (2D NAND + NOR) Memory Market for Healthcare, By Type, 2014–2022 (USD Million)
Table 58 Emerging Non-Volatile Memory Market for Healthcare, By Type, 2014–2022 (USD Thousand)
Table 59 Non-Volatile Memory Market for Agricultural, By Type, 2014–2022 (USD Million)
Table 60 Traditional Non-Volatile Memory Market for Agricultural, By Type, 2014–2022 (USD Thousand)
Table 61 Traditional Flash (2D NAND + NOR)Memory Market for Agricultural, By Type, 2014–2022 (USD Million)
Table 62 Emerging Non-Volatile Memory Market for Agricultural, By Type, 2014–2022 (USD Million)
Table 63 Non-Volatile Memory Market for Retail, By Type, 2014–2022 (USD Million)
Table 64 Traditional Non-Volatile Memory Market for Retail, By Type, 2014–2022 (USD Thousand)
Table 65 Traditional Flash (2D NAND + NOR) Memory Market for Retail, By Type, 2014–2022 (USD Million)
Table 66 Emerging Non-Volatile Memory Market for Retail, By Type, 2014–2022 (USD Million)
Table 67 Non-Volatile Memory Market, By Region, 2014–2022 (USD Billion)
Table 68 Non-Volatile Memory Market in APAC, By Type, 2014–2022 (USD Billion)
Table 69 Non-Volatile Memory Market in APAC, By Country, 2014–2022 (USD Billion)
Table 70 Non-Volatile Memory Market in North America, By Region, 2014–2022 (USD Billion)
Table 71 North America: Non-Volatile Memory Market, By Country, 2014–2022 (USD Billion)
Table 72 Non-Volatile Memory Market in Europe, By Type, 2014–2022 (USD Billion)
Table 73 Non-Volatile Memory Market in Europe, By Country, 2014–2022 (USD Million)
Table 74 Non-Volatile Memory Market in RoW, By Type, 2014–2022 (USD Million)
Table 75 Non-Volatile Memory Market in RoW, By Region, 2014–2022 (USD Million)
Table 76 Ranking Analysis for Top Five Players in the Non-Volatile Memory Market
Table 77 New Product Developments and Launches, 2016
Table 78 Partnerships, Agreements, and Collaborations, 2015–2016
Table 79 Acquisitions, 2013–2016
Table 80 Investments and Expansions, 2014–2016

List of Figures (72 Figures)

Figure 1 Market Segmentation
Figure 2 Non-Volatile Memory Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Market for Emerging Non-Volatile Memory Expected to Grow at A Higher Rate Between 2017 and 2022
Figure 7 Embedded Non-Volatile Memory Market to Grow at the Highest Rate in the Traditional Memory Market Between 2017 and 2022
Figure 8 NRAM Memory Market Expected to Witness the Highest Growth Rate Among Emerging Non-Volatile Memories
Figure 9 Market for the Retail Industry Expected to Witness the Highest Growth Rate During the Forecast Period
Figure 10 APAC Held the Largest Share of the Non-Volatile Memory Market in 2016
Figure 11 Growing Demand of Connected and Wearable Devices is Driving the Demand of Non-Volatile Memory Market
Figure 12 Flash (2D NAND + NOR) Memory Market is Expected to Decline Across All Industries During the Forecast Period
Figure 13 Market for Embedded Memory Expected to Witness the Highest Growth Rate for the Consumer Electronics Industry During the Forecast Period Among Traditional Memories
Figure 14 Non-Volatile Memory Market in Europe is Expected to Grow at the Highest Rate During the Forecast Period
Figure 15 Frace is Expected to Witness the Highest Growth Rate in the Europe Market During the Forecast Period
Figure 16 Geographic Segmentation of the Non-Volatile Memory Market
Figure 17 Need for High Speed, Low-Power-Consuming, and Highly Scalable Memory Devices is the Major Driver for the Non-Volatile Memory Market
Figure 18 Number of Connected Devices Globally, 2012–2020 (Billions)
Figure 19 Power and Cooling Expenditure in Data Centers, 2001–2010 (USD Billion)
Figure 20 Value Chain: Non-Volatile Memory Market, 2016
Figure 21 Key Technology Trends in the Non-Volatile Memory Market
Figure 22 Porter’s Five Forces Analysis (2016)
Figure 23 Porter’s Five Forces Analysis for the Non-Volatile Memory Market, 2016
Figure 24 Non-Volatile Memory Market: Medium Impact of the Threat of New Entrants
Figure 25 Non-Volatile Memory Market: Low Impact of the Threat of Substitutes
Figure 26 Non-Volatile Memory Market: High Impact of the Bargaining Power of Buyers
Figure 27 Non-Volatile Memory Market: Medium Impact of Bargaining Power of Suppliers
Figure 28 Non-Volatile Memory Market: High Impact of Intensity of Competitive Rivalry
Figure 29 Non-Volatile Memory Market, By Type
Figure 30 Market for Emerging Non-Volatile Memory Expected to Grow at the Highest Rate During the Forecast Period
Figure 31 Market for Embedded Non-Volatile Memory to Grow at the Highest Rate During Forecast Period
Figure 32 Market for NOR Flash (2D NAND + NOR) Memory to Grow at the Highest Rate During the Forecast Period
Figure 33 EEPROM Market in the Automotive and Transportation Industry Expected to Grow at the Highest Rate During the Forecast Period
Figure 34 Embedded Non-Volatile Memory Market in Agricultural Expected to Grow at the Highest Rate During the Forecast Period
Figure 35 Market for NRAM in Emerging Non-Volatile Memory to Grow at the Highest Rate During the Forecast Period
Figure 36 Market for Emerging Non-Volatile Memory in APAC Expected to Grow at the Highest Rate During the Forecast Period
Figure 37 Market for MRAM in Agriculture Industry to Grow at the Highest Rate During the Forecast Period
Figure 38 Non-Volatile Memory Market, By End-User Industry
Figure 39 Consumer Electronics Held the Largest Market Size for Non-Volatile Memory in 2016
Figure 40 Embedded Memory Market for Consumer Electronics Expected to Grow at the Highest Rate During the Forecast Period
Figure 41 Emerging Non-Volatile Memory Market for Enterprise Expected to Grow at the Highest Rate During the Forecast Period
Figure 42 NRAM Memory Market for Enterprise Expected to Grow at the Highest Rate During the Forecast Period
Figure 43 Traditional Non-Volatile Memory Held the Largest Market for the Military and Aerospace Industry in 2016
Figure 44 NRAM Memory Market for Military and Aerospace Industry Expected to Grow at the Highest Rate During the Forecast Period
Figure 45 NOR Memory Market for Industrial Sector Expected to Grow at A Higher Rate During the Forecast Period
Figure 46 NVSRAM Market for Telecommunication Industry Expected to Grow at the Highest Rate During the Forecast Period
Figure 47 2D NAND Flash Memory Held A Large Market Size in the Energy and Power Industry in 2016
Figure 48 Embedded Memory Market for Healthcare Industry Expected to Grow at the Highest Rate During the Forecast Period
Figure 49 NOR Flash Memory Market for Agricultural Industry Expected to Grow at A Higher Rate During the Forecast Period
Figure 50 Embedded Memory Market For the Retail Industry Expected to Grow at the Highest Rate During the Forecast Period
Figure 51 Non-Volatile Memory Market: Geographic Snapshot, CAGR% (2017–2022)
Figure 52 APAC: Non-Volatile Memory Market Snapshot
Figure 53 North America: Non-Volatile Memory Market Snapshot
Figure 54 Europe: Non-Volatile Memory Market Snapshot
Figure 55 RoW: Non-Volatile Memory Market Snapshot
Figure 56 Companies Adopted New Product Development and Launches as the Key Growth Strategy Over the Last Four Years (2013–2016)
Figure 57 Battle for Market Share: New Product Developemnt and Launchs Have Been the Key Strategy
Figure 58 Geographic Revenue Mix of the Major Companies in the Market
Figure 59 Samsung Electronics Co., Ltd. (South Korea): Company Snapshot
Figure 60 Samsung Electronics Co., Ltd. (South Korea): SWOT Analysis
Figure 61 Toshiba Corp. (Japan): Company Snapshot
Figure 62 Toshiba Corp. (Japan): SWOT Analysis
Figure 63 Micron Technology, Inc. (U.S.): Business Overview
Figure 64 Micron Technology, Inc. (U.S.): SWOT Analysis
Figure 65 SK Hynix, Inc. (South Korea): Business Overview
Figure 66 SK Hynix, Inc. (South Korea): SWOT Analysis
Figure 67 Western Digital Corp. (Japan): Business Overview
Figure 68 Western Digital Corp. (U.S.): SWOT Analysis
Figure 69 Adesto Technologies Corp. (U.S.): Business Overview
Figure 70 Intel Corporation (U.S.): Business Overview
Figure 71 Microchip Technology, Inc. (U.S.): Business Overview
Figure 72 Fujitsu Ltd. (Japan): Business Overview

The global non-volatile memory market is expected to reach USD 82.03 Billion by 2022, at a CAGR of 9.50% between 2017 and 2022.  Some of the key factors driving this market are the need for high-speed, low-power-consuming, and highly scalable memory devices as well as the growing demand for non-volatile memory in connected and wearable devices.

The traditional non-volatile memory led the market in 2016. Embedded non-volatile memory has gained significant traction in the connected devices and IoT market because of its higher efficiency under ultra-low power. Non-volatile memory is one of the major components of connected devices. Also, the high adoption of Flash memories in consumer electronics, because of their low price and low power consumption, is driving the market for 2D and 3D NAND. Therefore, the traditional non-volatile memory held the largest market size in the non-volatile memory market owing to the inexpensive memory solutions as well as the increasing density and performance.

The market for the retail industry is expected to grow at the highest rate during the forecast period. Retail industry today, is highly data rich and integrated with data analytics to understand and meet the customer expectation. To access the data generated at point of sales effectively many retail players started adopting emerging memory technology to implant data driven decisions non-volatile memory is an integral part of various analytic tools used in the retail industry for computing and analysis applications. Thus, the market for non-volatile memory is expected to grow at the highest rate in the retail industry.

In terms of geographic regions, APAC held the largest market size for non-volatile memory in 2016. The huge consumer electronics customer base in APAC and the presence of major global foundries in this region led to the faster development of non-volatile memory technologies and enabled the easy accessibility of products to the market.  Also, China has access to large funding sources and the favorable government initiatives further help drive the growth of the market. The Made in China 2025 initiative strategically focuses on the technology development of DRAM, eDRAM, Flash, and V-NAND Flash memory.

Low write endurance is the major restraining factor for the growth of the non-volatile memory market.  The low write endurance of non-volatile memories affects its acceptability over other memories in applications where repetitive read/write operations are required. The conventional memories which hold the largest market share such as NAND Flash and others still face the problem of low endurance.

Samsung Electronics Co., Ltd. (South Korea) is one of the leading companies in the non-volatile memory market, followed by Toshiba Corp. (Japan) and Micron Technology, Inc. (U.S.). The companies are simultaneously developing and mass producing both planar and vertical NANDs, to address the declining average selling prices and customer demand in a timely manner.

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