Covid 19 Non Volatile Memory Market - Key Players and Regional Forecast 2023


The global non-volatile memory market is majorly driven by the rapid advancement in technology all over the world and increasing adoption of highly scalable memory devices in residential as well as industrial sectors. The brisk development in the field of wired and mobile electronic devices is inducing high demand for non-volatile memory in the global market, resulting in the significant expansion of the global non-volatile memory market.

The market is enduring an exacting period with its robust growth coming to an abrupt halt in light of the COVID-19 pandemic. MRFR report on market highlights the future prediction and the growth alternatives that can be created.

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Market Segmentation:

The global non-volatile memory market has been segmented on the basis of type, application and vertical. Based on type, the non-volatile memory market is segmented into traditional and emerging. The traditional segment is sub-segmented into FLASH, non-volatile SRAM, embedded non-volatile memory, EPROM and SPROM. The emerging segment is sub-segmented into 3D NAND, magnetoresistive RAM, Ferroelectric RAM, resistive RAM, 3D Xpoint and others.

The emerging type segment is anticipated to dominate the global non-volatile memory market owing to the benefits of emerging technology such as optimized power consumption and high-speed performance.  Based on application, the non-volatile memory market is segmented into consumer electronics, health and monitoring, enterprise storage, industrial and others.

Based on verticals, the non-volatile memory market is segmented into IT and telecommunication, healthcare, retail, automotive, energy and power, manufacturing, and others. Among these, the healthcare and automotive industrial verticals segments are projecting lucrative growth in the global non-volatile technology market owing to the increased utilization of non-volatile memory in these sectors.

Regional Analysis:

Covid 19 Non Volatile Memory Market is geographically segmented into Asia Pacific, North America, Europe and the rest of the world. Among these, the Asia Pacific region accounts for the largest market share in the global non-volatile memory market owing to the rapid adoption of devices with non-volatile memory in this region.

The North America region is projected to expand at the fastest rate in the global non-volatile memory market during the forecast period owing to the increasing demand for advanced storage technology in various industrial sectors in this region.

The Europe region is anticipated to project significant growth in the global non-volatile memory market during the forecast period. The increasing demand for advanced storage technology with optimized energy consumption and faster data access are fueling the expansion of the non-volatile memory market in the rest of the world.

Competitive Landscape:

The brisk technological advancement is creating huge opportunities for introduction of high-tech storage devices embedded with non-volatile memory or secondary memory, which in turn is strengthening the competition among the players in the global non-volatile memory market. The rising amount of investments in research and development for new product launch and strategic mergers and acquisitions by the manufacturers are aiding in the expansion of their businesses on a global level.

The key players profiled in the report published by MRFR on the global non-volatile memory market are Samsung Electronics Co., Ltd. (South Korea), Toshiba Corporation (Japan), Micron Technology, Inc. (U.S.), SK Hynix, Inc. (South Korea), Western Digital Corporation (U.S.), Fujitsu Ltd (U.S.), Intel Corporation (U.S.), IBM Corporation (U.S.), Nantero (U.S.), Crossbar Inc. (U.S.), Synopsys Inc. (UK), Adesto Technologies (U.S.), Everspin Technologies (U.S.), Viking Technology (U.S.), Kilopass Technology Inc. (U.S.), Avalanche (U.S.), Cypress Semiconductor Corporation (U.S.), NXP Semiconductor (Netherlands), Rambus (U.S.), Texas Instruments (U.S.), Spin Transfer Technologies (U.S.), 4DS (Australia) and Open-silicon (U.S.).

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About Market Research Future: 

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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