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 : January, 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 reliable qualitative and quantitative insights into:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand chain of the market
  • Market valuation (revenue and/or volume)
  • Key trends/opportunities/challenges
  • Forces defining present and estimated future state of the competitive landscape
  • Technological developments
  • Value chain and stakeholder analysis

The regional analysis covers:

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

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Highlights of the report:

  • A detailed analysis of key segments of the market
  • Recent developments in the market’s competitive landscape
  • Detailed analysis of market segments up to second or third level of segmentation
  • Historical, current, and projected future valuation of the market in terms of revenue and/or volume
  • Key business strategies adopted by influential market vendors
  • Outline of the regulatory framework surrounding and governing numerous aspects of the market
  • Growth opportunities in emerging and established markets
  • Recommendations to market players to stay ahead of the competition

Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.

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