Next Generation Memory Market - Global Industry Analysis, Size, Trends, Growth, Trends, and Forecast 2018 - 2028

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Next Generation Memory Market - Global Industry Analysis, Size, Trends, Growth, Trends, and Forecast 2018 - 2028

Status : August, 2020 | Semiconductor & Electronics | PPT format

Report Digest

Global Next Generation Memory Market: Overview

A massive growth will be noted in the global next generation memory market over the forecast period of 2018 to 2028, owing to high demand for universal memory devices and enterprise storage applications. The stellar CAGR (Compound Annual Growth Rate) will generate opportunities of growth and very high market worth for market players to tap into.

As demand for faster, efficient and cost effective memory solutions increases, so does development and innovation activities increase in the market. Other factors leading to growth in the market include high endurance, power efficiency and a steady switching time.

Besides, use of next generation memory in a number of electronics and gadgets – consumer electronics, automotive, computers, industrial applications and so on - is further leading to growth in the market.

Global Next Generation Memory Market: Notable Development

The landscape of Global Next Generation Memory Market is at the precipice of notable developments that are contributing to shaping its future and overall appearance. A glimpse is provided below.

In 2019, Intel, in its bid to accelerate data centric technology, using innovation in memory and storage, introduced Optane. It makes use of 3D XPoint technology and is basically a flash drive with a memory (non - volatile) so fast it can even function as RAM.

The global next generation memory market is highly fragmented. And, prominent players in the global next generation memory market are Samsung electronics, Crossbar Inc., Fujitsu Ltd, Micron technology, Inc., SK Hynix, Inc., Future electronics among others. It is not hard to guess that the competition is intense too.

Current focus for most companies to chart growth in the global next generation memory market is through improving product and market them better Thus, it does not come as a surprise that research and development is a critical focal point. In order to tap into growth opportunities, it is critical to focus on use of better technology. Besides, in order to stay ahead of the curve, players also resort to mergers and acquisitions. Strategic partnerships and collaborations also lead to exploration of synergies for growth in the future.

Global Next Generation Memory Market:  Key trends and driver

The global next generation memory market is being driven on to a high growth trajectory, owing to a number of factors. Some of the most potent ones are outlined below:

Enterprise storage is seeing rising demand. Besides, need for high bandwidth, highly scalable memory devices and low power consumption are also driving the market forward. Scalable memory devices are used to work with big data, artificial intelligence (AI) and Internet of Things (IoT). This demand if particularly high for non-volatile memory in connected devices, especially smartphones and these are witnessing increase in demand due to ring disposable incomes.

Need for a single memory device that is as efficient as Flash Memory, DRAM, and SRAM together is also driving the global next generation memory market.

Global Next Generation Memory Market:  Regional Analysis

North America will account for a large chunk of market share owing to its being an early adopter of futuristic technology as well as infrastructure to maintain the technology. It is worth mentioning here that the fact that IT drives US economy speaks volumes in this regard.

Also, a massive demand will be generated in the Asia Pacific (APAC) region owing to high consumption in South Korea, Japan, and China. The growth is attributable to increase in use of smartphones. And, it is an outcome of rise in disposable income, which in turn is an outcome of good economic growth.

The report is segmented into the following:

Next-Generation Memory Market, By Technology

  • Volatile Memory (HMC and HBM)
  • Nonvolatile Memory (MRAM, FRAM, ReRAM, 3D XPoint, NRAM, and Others)

Next-Generation Memory Market, By Wafer Size

  • 200 mm
  • 300 mm
  • 450 mm

Next-Generation Memory Market, By Application

  • Consumer Electronics
  • Enterprise Storage
  • Automotive and Transportation
  • Military and Aerospace
  • Industrial
  • Telecommunications
  • Energy and Power Distribution
  • Healthcare
  • Agricultural
  • Retail

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.