Business news

Emerging Memory Technologies Market Forecast Report | Global Analysis, Statistics And Revenue Research Report by 2028

Emerging Memory Technologies Market

Increasing demand for high-end devices and increasing need for time saving in data transferring are some key factors driving market revenue growth

According to the most recent analysis by Emergen Research, the global market for emerging memory technologies had a value of USD 4.17 billion in 2020 and is projected to grow at a rate of 30.7% during the forecast period. Between 2021 and 2028, market revenue growth is anticipated to be supported by factors such as rising demand for high-end devices and rising demand for data transmission efficiency. Additionally, rising universal memory device demand will boost market revenue growth in the next years. Inefficient memory technologies are a key issue with outdated storage devices, and better memory technologies are required to address this issue. If excess data is stored by a user, it can be problematic because it could result in erasing or overwriting older data.

In comparison to volatile memory solutions, non-volatile emerging memory technologies have significantly more commercial traction. This is due to an inherent benefit offered by non-volatile memories: retention of data without the need of power. In 2012, FeRAM (ferroelectric RAM), MRAM (magneto-resistive RAM), and PCM (phase change memory) had a sizable market share among all non-volatile developing memory options. ReRAM (resistive RAM) and CBRAM are two other new memory technologies (conductive bridging RAM). Cache memory and enterprise storage are expected to be the largest market segment by application for next-generation memory technologies as MRAM and PCM memory use rises.

Double data rate (DDR) interface, Serial ATA (SATA), SAS (serial attached small computer system interface), PCIe (peripheral component interconnect express), and I2C are some of the major interface technologies now being used in the memory market (inter integrated circuit). DDR interface covers LPDDR and DDR 1/2/3/4. DDR interfaces are used in storage, particularly SSDs (solid-state drives). In 2012, DDR held a 47.6% market share and was the most widely used interface for next-generation memory technologies. In 2012, Europe was the second-largest market after North America.

Key Highlights from the Report

Due to the rising demand for high-speed data transfer and non-volatile memory’s capacity to store data and function without power or electricity, the non-volatile memory segment is anticipated to see a significantly quick revenue CAGR during the projected period.

Due to the region’s rapidly expanding IT industry, North America is anticipated to earn a sizable revenue share in the global market for new memory technologies during the forecast period.

Major companies in the market report include : Samsung Electronics Co. Ltd., Intel Corporation, International Business Machines (IBM) Corporation, SK Hynix Inc., Toshiba Corporation, Fujitsu Ltd., NEC Corporation, Micron Technology Inc., Powerchip Technology Corporation, and Macronix International Co. Ltd.

Emergen Research has segmented global emerging memory technologies on the basis of technology, application, and region:

Technology Outlook (Revenue, USD Billion; 2018–2028)

  • Volatile Memory
    1. Zero Capacitor Ram (ZRAM)
    2. Dynamic Random-Access Memory (DRAM)
    3. Static Random-Access Memory (SRAM)
    4. Hybrid Memory Cube (HMC)
    5. High-bandwidth Memory (HBM)
  • Non-Volatile Memory
    1. Magnetic Ram (MRAM)
    2. Phase Change Memory (PRAM)
    3. Ferroelectric Ram (FRAM)
    4. Resistive Random-Access Memory (RRAM)
    5. Spin-Transfer Torque Random-Access Memory (STT-RAM)
    6. 3D XPoint
    7. Flash Memory or Electronically Erasable Programmable Read-Only Memory (EEPROM)
  • NOR Flash Memory
  • NAND Flash Memory

Application Outlook (Revenue, USD Billion; 2018–2028)

  • Computers
  • Consumer Electronics
  • Communication
  • Automotive
  • Industrial
  • Others

Regional Outlook (Revenue, USD Billion; 2018–2028)

  • North America
    1. U.S.
    2. Canada
    3. Mexico
  • Europe
    1. Germany
    2. France
    3. U.K.
    4. Italy
    5. Spain
    6. Benelux
    7. Rest of Europe
  • Asia Pacific
    1. China
    2. India
    3. Japan
    4. South Korea
    5. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • Middle East & Africa
    1. Saudi Arabia
    2. UAE
    3. South Africa
    4. Turkey
    5. Rest of MEA
To Top

Pin It on Pinterest

Share This