Next-Generation Memory Market Research Report- Global Forecast 2030

Next-Generation Memory Market, By Product (Nonvolatile Memories, Volatile Memories), By Application (Consumer Electronics, Manufacturing, IT and Telecommunication, Aerospace and Defense) - Forecast 2030

ID: MRFR/SEM/1815-HCR | December 2022 | Region: Global | 100 Pages         

Next-Generation Memory Market

The next-generation memory market is projected to garner USD 14 billion by 2030 with a CAGR of 29.9%

Segmentation

By Product Nonvolatile Memories Volatile Memories
By Application Consumer Electronics Manufacturing IT and Telecommunication Aerospace and Defense
By Region North America The European Union Asia-Pacific The Middle East The rest of the world

Key Players

  • Micron Technology Inc.
  • Toshiba Corporation (Japan)
  • Intel Corporation (U.S.)
  • Samsung Electronics Co. Ltd. (South Korea)
  • IBM Corporation (U.S.)
  • SK Hynix Semiconducto Inc. (South Korea)
  • SanDisk Corporation (U.S.)
  • Fujitsu Ltd. (Japan)
  • Adesto Technologies Corporation Inc. (U.S.)

Drivers

  • The wide adoption of next-generation memories like 3D Xpoint
  • Mounting demand for high scalable as well as fast and economical memory solutions
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Next-Generation Memory Market Overview


The next-generation memory technologies market has shown significant growth in the past few years due to the growing demand for efficient, faster, and cost-effective memory solutions. The requirement for memory solutions to serve applications in different areas is increasing day by day. This report aims to provide a valuable vision of the following generation memory technologies markets globally and estimated trends. It analyzes the opportunities in the developed and evolving economies so that the companies can make intentional decisions and increase competitive power. A high demand powers the memory solutions due to the high efficiency and speed. The next-generation memory market size is predicted to grow at a CAGR of 29.9% by the end of the projected period in 2022, with a market valuation worth USD 14 billion.


The qualities such as high endurance, power efficiency, and faster switching time are the drivers of the next-generation memory technologies market. There are certain restraining factors such as design cost and intense competition. The applications of next-generation memory in various areas such as industrial applications, computers, storage electronics, aerospace and defence, consumer electronics, automotive, and others are diverse fields of opportunities for this market.


The world's next-generation memory market has both permanent and temporary lockdowns to stop the spread of the pandemic. But, the manufacturing and production companies suffered significant losses during lockdowns of pandemic as there was an interruption in the supply chain management. The governments of several economies are expanding the investment opportunities to the leading key players. With steady control over the pandemic spread, the companies pursue strategic alliances, acquisitions, and mergers to establish their presence globally.


COVID 19 Analysis


The historic forecast period of 2015-2019 showed the growth of the next-generation memory market with considerable figures. However, the world was exposed to the fatal novel coronavirus by the end of the historic year of 2019. The world next-generation memory market witnessed both temporary, and permanent lockdowns to curb the spread of the pandemic. However, the manufacturing and production companies suffered great losses as the lockdowns disrupted the supply chain management. The economy has a loss that amounted to 4%, and, the key players are implementing strategies and management programs to recover from the loss quantum.


The governments of various economies are extending investment opportunities to the key players and with gradual control over the pandemic spread, the companies are opting for strategic alliances, mergers, and acquisitions, to establish their presence, globally.


Market Dynamics



  • Drivers


There is a vibrant need for increasing the demand for storage applications of various enterprises in the global next-generation memory market. The next-generation memory market industry has end-users like BFSI that are increasing their investment quantum in the Internet of Things (IoT) technology, as well as, reaping the financial rewards. The wide adoption of next-generation memories like 3D Xpoint offers excellent speed in comparison to the current SSDs. This is further acting as a major driver for global next-generation memory market growth in an efficient manner.



  • Restraints


However, the next-generation memory market is exposed to a lack in the stability quantum under environmental conditions, which is extreme. These factors have a major impact on the reliability and durability quotient of the memory devices. Also, the higher the thermal stress on any memory device, the higher is the risk attached to the same. Such conditions affect the next-generation memory market growth and act as a market growth restraint.



  • Opportunities


The enterprises are growing and the IT sector companies are widely adopting the use of storage technologies. This increasing demand is responsible for pushing the next-generation storage services and devices on a great scale. This will also formulate the handling of the computer power amongst the established organizations. 



  • Value Chain Analysis


The next-generation memory technologies are powering the universal memory devices demand. The main aim of the new-generation memory technologies is to emerge on the hierarchy, with the availability of better technology. The next-generation memory market is shifting their demand to laptops that have high-end use and technology. Companies like Intel are announcing products like Optance that make well use of the 3D XPoint technology. These are upscaling the supply chain management to the end-users of the next-generation memory market.


Study Objectives



  • To have an idea about the next-generation memory market structure along with the segments and sub-segments, as they have a major role to play in the overall global market growth

  • To provide the factors that affect the market growth, along with the implementation of the five force analysis

  • To study the past trends of the next-generation memory market segments, that belong to different geographical locations, and provide a future forecast, taking into consideration the recent market scenario

  • To notice the strategies and trends of the key next-generation memory market players at both the regional, as well as, the global level

  • To analyze and track the recent market developments, trace the competition in the market, and comprehensively analyze the core competencies prevailing on the global scale.


Segment Overview


The next-generation memory market size is expected to increase depending on the market segments. The market is segment based on products, regions, as well as, applications.


Product


The product segment of the next-generation memory market includes both volatile and non-volatile memories. The volatile memories include static random access memory (SRAM), as well as, dynamic random access memory (DRAM). However, the PCM, FeRAM, MRAM, as well as, RE RAM, belong to the non-volatile memories.


Application


The next-generation memory market application segment includes customer electronics, as well as, the manufacturing IT and telecommunication, aerospace, and defense, amongst others. Consumer electronics include mobile phones, smartphones, laptops, iPods, tablets, and others.


Regional Analysis


Based on region, the next-generation memory market trends include geographical locations like the Asian Pacific regions, North American surface, European nations, along the rest of the world (RoW). taking into consideration the market trends, the North American countries are expected to have the largest market share. The main reason behind this is an increased investment quantum in technologically advanced products. Also, the next-generation memory market is witnessing a wide amongst of the PCM memory, MRAM, as well as, DRAM, by the end-users.


Following the trend, the Asian Pacific region is expected to have good growth. The reason behind this growth is an increase in the demand for customer electronics like smartphones, mobile phones, and tablets. Also, the demand is increasing for wearable electronics amongst the potential audience.


Competitive Landscape


The next-generation memory market size aims to provide a future forecast of the market by the end of the global forecast period in 2022. To understand the core competencies and competitive landscape of the market, it is vital to understand the functioning of the key market players. They are:



  • Micron Technology, Inc.

  • Toshiba Corporation (Japan)

  • Intel Corporation (U.S.)

  • Samsung Electronics Co., Ltd. (South Korea)

  • IBM Corporation (U.S.)

  • SK Hynix Semiconducto, Inc. (South Korea)

  • SanDisk Corporation (U.S.)

  • Fujitsu Ltd. (Japan)

  • Adesto Technologies Corporation, Inc. (U.S.)


There are other emerging players in the next-generation memory market like Texas Instruments Incorporated, Viking Technology, as well as, the Western Digital Corporation, along with its affiliations. The companies are working on their strengths to improve their regional, as well as, global presence. Also, they are opting for new market initiatives, in terms of product launching, application dominance, and much more. The companies are also increasing their expenditure related to the research and development that will help majorly for the growth of the product portfolios.


Recent Developments


March 2022


Intel has begun producing and manufacturing the next-generation memory-cum-storage solutions within its new plant. The new plant is located in a place named Arizona.


Intended Audience



  • Manufactures, distributors, stakeholders, and vendors

  • Research and consultancy firms

  • Technology investors and other manufacturers

  • End-users of the market

  • Software developers


Report Overview


The global next-generation memory market research report provides the market insights in terms of the recent developments, productions, import and export quantum, along with the technology chain analysis. The market dynamics are discussed that are a combination of the key growth drivers of the market, and the factors that emerge as restraints and challenges, and need to be dissolved. Also, the report includes the market segments, product approval, and launches, that result in both regional and geographical expansions. The technology use and global advancements are also discussed that have an important role to play in determining the next-generation memory market valuation by the end of the global forecast ending in 2030.



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 14 billion 2030
  CAGR   CAGR of 29.9%
  Base Year   2019
  Forecast Period   2020-2030
  Historical Data   2018
  Forecast Units   Value USD billion
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Product, Application
  Geographies Covered   North American, European, Asian Pacific
  Key Vendors   Micron Technology, Inc., Toshiba Corporation (Japan), Intel Corporation (U.S.), Samsung Electronics Co., Ltd. (South Korea), IBM Corporation (U.S.)
  Key Market Opportunities   This increasing demand is responsible for pushing the next-generation storage services and devices on a great scale.
  Key Market Drivers   The next-generation memory market industry has end-users like BFSI that are increasing their investment quantum in the Internet of Things (IoT) technology, as well as, reaping the financial rewards.


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Frequently Asked Questions (FAQ) :

The segments such as product and application are mentioned in the global mentioned in the global interactive display market.

North-America to score more valuation in the global next-generation memory market, as per the study conducted.

Power efficiency, technological advancements for storage, benefit of non-volatile memories, high growth in the wearable electronics industry, rise in the usage of next generation memory in smart phones, increasing adoption of MRAM & PCM memory and enterprise storage are the essential drivers for interactive display market’s growth

The issues such as increasing demand for faster, efficient and cost effective memory solutions can be the reasons for the market’s steady growth in the future.

Toshiba Corporation (Japan), Adesto Technologies Corporation, Inc. (U.S.), Fujitsu Ltd. (Japan), IBM Corporation (U.S.), SanDisk Corporation (U.S.), Samsung Electronics Co., Ltd. (South Korea), Intel Corporation (U.S.) are the key market leaders mentioned in the global interactive display market.