Next-Generation Memory Industry worth $17.7 billion by 2028
The report "Next-Generation Memory Market by Technology (Non-Volatile Memory (MRAM (STT-MRAM, SOT-MRAM, Toggle Mode MRAM), FRAM, RERAM/CBRAM, 3D XPoint, NRAM), and Volatile Memory (HBM, and HMC)), Wafer Size (200 mm, and 300 mm) - Global Forecast to 2028" The next-generation memory market is projected to grow from USD 6.2 billion in 2023 to reach USD 17.7 billion by 2028; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 23.2% from 2023 to 2028.
Browse 200 market data Tables and 67 Figures spread through 270 Pages and in-depth TOC on "Next-Generation Memory Market by Technology (Non-Volatile Memory (MRAM (STT-MRAM, SOT-MRAM, Toggle Mode MRAM), FRAM, RERAM/CBRAM, 3D XPoint, NRAM), and Volatile Memory (HBM, and HMC)), Wafer Size (200 mm, and 300 mm) - Global Forecast to 2028 "
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/Memristor-Memory-Market-632.html
The growth of the next-generation memory market is driven by growing adoption of next-generation memory solutions in automotive sector to handle evolving data and computational needs, and suring adoption of next-generation memories in smartphones and smart wearables.
By technology, the MRAM is projected to hold the largest share of the next-generation memory market during the forecast period.
The magento-resistive random-access memory (MRAM) segment held the larger market share in 2022. MRAM technology uses magnetic states for storing the data bits. This memory is well commercialized among next-generation non-volatile memory technologies. MRAM is one of the top and preferred memory technologies in smart gadgets. The data is stored by the intersection of two ferromagnetic wires, one of which is a permanent magnet and is placed at a particular polarity. The MRAM structure consists of a grid of magnetic tunneling junctions (MTJs). MTJs consist of two ferromagnetic plates, each of which can hold a magnetic field. Currently, this memory is used in niche applications, but industry experts believe that this technology is capable of replacing traditional memory technologies used in all applications.
Healthcare application segment is projected to grow at high CAGR of the next-generation memory market during the forecast period.
The healthcare application segment is expected to grow at a high CAGR in the next-generation memory market during the forecast period. This can be attributed to promising applications of next-generation memories in the healthcare sector. Their unique properties, such as low power consumption, fast access times, and non-volatility, make them suitable for a wide range of healthcare-related applications, including medical devices, pacemakers, remote monitoring and telemedicine, medical imaging, electronic health records (EHR), medical wearables, biomedical research, and data logging, among others.
Asia Pacific is expected to hold the largest share in the market by 2028.
The Asia Pacific region is expected to hold the largest share of the next-generation memory market during the forecast period. Asia Pacific is one of the key markets for next-generation memory technologies owing to the tremendous scope for these technologies in various applications. This can be mainly attributed to the high adoption of consumer electronics, especially smartphones, tablets, and laptops, in Asia Pacific, which makes it a high-potential market for consumer electronics. The increasing demand for memory in consumer electronics is driving the mass production of emerging memory technologies in Asia Pacific more than the other regions.
Key companies operating in the next-generation memory market are SAMSUNG (South Korea), KIOXIA Holdings Corporation (Japan), Micron Technology, Inc. (US), Fujitsu (Japan), SK Hynix Inc (South Korea), Honeywell International, Inc. (US), Winbond (Taiwan), Microchip Technology Inc. (US), Nanya Technology (Taiwan), and Everspin Technologies (US).
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Next-Generation Memory Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
