Asia Pacific Non-volatile memory market to grow at the highest rate

1. MarketsandMarkets Presents Non-Volatile Memory Market Industry Share, Trends, Future Scope 2027 Non-Volatile Memory Market by Type (Flash, EPROM, nvSRAM, EEPROM, 3D NAND, MRAM, FRAM, NRAM, ReRAM, PMC), Wafer Size (200 mm, 300mm), End-user (Consumer Electronics, Enterprise Storage, Healthcare, Automotive) and Region - Global Forecast to 2027 https://www.marketsandmarkets.com/Market-Reports/non-volatile-memory-market-1371262.html

2. [247 Pages Report] The non-volatile memory market is projected to grow from USD 74.6 billion in 2022 to USD 124.1 billion by 2027; it is expected to grow at a CAGR of 10.7% from 2022 to 2027.  The key factors fueling the growth of the market include the high-performance and high storage which offers long-term storage capability. High volume sales of consumer electronics, shift towards SSDs, expanding data centers, and digitalization of various sectors automotive, healthcare, telecommunications, and others. Browse 189 market data Tables and 64 Figures spread through 247 Pages and in-depth TOC on "Non-Volatile Memory Market by Type (Flash, EPROM, nvSRAM, EEPROM, 3D NAND, MRAM, FRAM, NRAM, ReRAM, PMC), Wafer Size (200 mm, 300mm), End-user (Consumer Electronics, Enterprise Storage, Healthcare, Automotive) and Region - Global Forecast to 2027"

3. The 300 mm wafer size segment exhibits the highest CAGR in the Non-volatile memory market Nearly all new fab upgrades and construction activities are taking place with 300 mm wafer processing. Over the last several years, there has been a tremendous increase in 300 mm (12″) wafer usage. Nearly all major chip manufacturers have either already built or have plans to build 300 mm fabrications, and nearly all equipment manufacturers have designed their new equipment with 12″ wafers. All 300 mm wafers are double-side polished and have a notch identical to the notch found on 200 mm wafers. Typically, over 600 or more chips can be manufactured from one 300 mm wafer. There are about 28 companies that own and operate 300 mm wafer fabs. The distribution of 300 mm wafers is controlled by the five manufacturers who own over three-quarters of the global 300 mm IC capacity including SAMSUNG, Micron Technology, Inc., SK HYNIX INC., TSMC, and Western Digital Technologies, Inc. Ask PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1371262 Flash memory segment to hold the largest size of Non-volatile memory market  Flash memory is an electronic non-volatile computer storage device that can be electrically erased and reprogrammed. There are two main types of flash memory – NAND and NOR. The internal characteristics of the individual flash memory cells exhibit characteristics like those of the corresponding NAND and NOR gates. Unlike EPROMs where data needs to be completely erased before being rewritten, NAND-type flash memory may be written and read in blocks (or pages), which are generally much smaller than the entire device. The NOR type allows a single machine word (byte) to be written or read independently. Flash memory is widely adopted in consumer electronics, enterprise storage, and industrial applications.

4. Asia Pacific Non-volatile memory market to grow at the highest rate during the forecast period The Asia Pacific region is expected to be one of the key markets for non-volatile memory in the future, owing to the varied applications of non-volatile memory. The market growth can be attributed to the region's high population density, making it a high-potential market for consumer electronic products. The increasing demand for non-volatile memory in consumer electronic products is driving the market in Asia Pacific. The Asia Pacific region comprises some of the leading countries in the field of electronics, such as China, Japan, Taiwan, and India. The region is a hub for significant semiconductor and electronics manufacturing. This is one of the vital factors fueling the market in the region. Request Free Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=1371262 The major players in the non-volatile memory market are SAMSUNG (South Korea), Western Digital Technologies, Inc. (US), KIOXIA Holdings Corporation (Japan), Micron Technology, Inc. (US), and SK HYNIX INC. (South Korea) among others. The other companies profiled in the report are Microchip Technology Inc. (US), ROHM CO., LTD. (Japan), Renesas Electronics Corporation (Japan), STMicroelectronics (US), Infineon Technologies AG (Germany), Nantero, Inc. (US), Crossbar Inc. (US), Everspin Technologies Inc. (US), Winbond (Taiwan), Pure Storage, Inc. (US), Fujitsu (Japan), Viking Technology (US), NVMdurance (Ireland), Avalanche Technology (US), SMART Modular Technologies (US), Flexxon Pte Ltd (Singapore), YMTC (China), ATP Electronics, Inc. (Taiwan), HT Micron (Brazil), and SkyHigh Memory Limited (China).

5. Opportunity: Advent of innovative technologies for IoT applications The increasing replacement of traditional memories with emerging non-volatile memories offers a significant opportunity for market players. Traditional memory technologies, such as DRAM and flash, have captured a major share of the memory technology market. However, emerging non-volatile memory technologies entering the memory technology market are expected to replace existing memory technologies, such as DRAM and flash. Traditional flash memories have limitations, such as slow switching rate, high latency, and low scalability. They face limitations of scalability below 90 nm while using floating gate technology and consume more power than other emerging memory technologies. Currently, flash memories are being used in smartphones, tablets, and PDAs. The major alternatives to flash memories are 3D NAND, ReRAM, NRAM, and MRAM, which are superior to flash memories in terms of latency, switching time, endurance, write cycle, and data retention. AI and IoT integrated solutions are major users of such technologies. A non-volatile memory that supports fast writes and can be shut down fully but quickly restarted. MRAM is a good fit for the IoT and AI use cases since it has better capacity, density, power requirements, quick writing performance, and extremely low read latency. While ReRam is suited for in-memory computing. A second-generation ReRAM device is being developed in collaboration between Fujitsu and Panasonic. Additionally, SMIC (China) is developing a 40 nm ReRAM technology that Crossbar Inc. is sampling.   Challenge: Optimization of storage densities and capacities Memory storage density stores the information bits on a computer storage medium. Higher-density memory is more in demand as it allows greater volumes of data to be stored in the same physical space. Thus, storage density directly correlates with a given medium’s storage capacity. Storage density also has a fairly direct effect on performance and price. High-density memories such as RRAM, NAND flash, and NVDIMM face numerous challenges related to poor scalability. Scalability refers to the ability of a product to function well even when there is a change in its size and capacity. These memories cannot adhere to the required endurance, noise margin, and reliability levels. There are also issues related to scalability in flash memory, which have been difficult to overcome. In addition, there is limited capacity for electron storage in high-density non-volatile memories. The impact of this challenge is high at present, but it is expected to reduce in the near future.

6. About MarketsandMarkets MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of markets.

7. Contact Us Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 For More Info: https://www.marketsandmarkets.com/PressReleases/non-volatile-memory.asp