From GlobeNewswire: 2024-11-08 09:45:00

The Next Generation Non-Volatile Memory market was valued at USD 6.45 Billion in 2023 and is expected to reach USD 27.82 Billion by 2032, with a CAGR of 17.68%. Innovations in memory technology are driving growth, with companies like SK Hynix and Samsung expanding their production capacity to meet demand.

The demand for advanced non-volatile memory technologies is rising due to the need for high-speed, energy-efficient data storage solutions. Technologies like ReRAM, MRAM, and PCM offer low latency and high endurance, making them ideal for high-performance computing and mobile devices.

In 2023, high-bandwidth memory (HBM) led the market with a 58.85% revenue share, driven by demand for high bandwidth and low power consumption. The 300mm wafer segment dominated the market, enabling greater production efficiency and cost savings. Asia Pacific and North America lead market growth, driven by the demand for energy-efficient memory solutions.

North America is projected to experience a robust CAGR of 18.51% in the next-generation non-volatile memory market, driven by the development of new infrastructures and the rapid expansion of the digital economy. Micron Technology, Inc. is a key player in the market. Samsung Electronics announced the shipment of ninth-generation TLC NAND in SSDs on July 30, 2024, marking an industry milestone. They are also nearing completion of 8nm eMRAM technology promising faster, more durable non-volatile memory. TSMC achieved a breakthrough in SOT-MRAM technology in January 2024.

The Next Generation Non-Volatile Memory Market Growth & Outlook Report 2024-2032 covers various aspects such as wafer production volumes, chip design trends, fab capacity utilization, and supply chain metrics. The report also includes market segmentation by type, wafer size, application, and regional analysis. For more information, visit the provided link.

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