HOME Research Insight Samsung Electronics Co., Ltd. (South Korea) and Toshiba Corp. (Japan) in Non-Volatile Memory Market

Samsung Electronics Co., Ltd. (South Korea) and Toshiba Corp. (Japan) in Non-Volatile Memory Market

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. The key opportunities for this market are the growing adoption of high-end computing, servers, and data centers as well as the increasing replacement of traditional memory with emerging non-volatile memories. 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 key players in the non-volatile memory market include 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.). Most of the leading companies have followed the organic strategy of new product developments & launches and inorganic strategies such as partnerships, collaborations, and acquisitions to boost the revenue of the company. This market is evolving worldwide, and many partnerships and collaborations are happening globally. These leading strategies in this market help companies to remain and grow in the technically competitive market.

Top 2 players in the non-volatile memory market:

Samsung Electronics Co., Ltd. (South Korea) is the leader in the non-volatile memory market because of its wide parent market share contribution and technical expertise. The company has good worldwide brand recognition, and it is one of the leading providers of semiconductor components. The company has adopted inorganic growth strategies to develop new technologies as well as to target new opportunities in different markets. For instance, in November 2016, the company acquired Harman International Industries, Inc. (U.S.), a designer and integrator of sophisticated in-vehicle technologies to boost the memory business in the automotive and IoT industry. The company has a multidimensional business approach with both backward and forward integration. The company provides foundry; testing; packaging; memory integration such as DRAM, Flash, and low power memory; and end-user application products in a one-stop approach.

Toshiba Corp. (Japan) has been ranked second in the market and is one of the world’s leading companies in the NAND Flash memory market. The company follows organic growth strategies and has a significantly increasing R&D investment for its next-generation memories and 3D memories business. In March 2014, it launched 3D Flash memory and TransferJet-compatible 3D-integrated ultra-small module. In November 2016, the company also expanded its operations in Mie, Japan, for the production of BiCS FLASH, its proprietary 3D Flash memory. The company plans to increase its BiCS manufacturing capacity and devote more resources to SSD development. In the future, the company is expected to open SSD Design Center in North America for the same.

Related Reports:

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

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