Global Non-Volatile Memory Market Research Report: Forecast to 2023
Global Non-Volatile Memory Market Research Report: Forecast to 2023
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Copyright Š 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
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Copyright © 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
1 Summary The global non-volatile memory market is majorly driven by the rapid advancement in technology all over the world and increasing adoption of highly scalable memory devices in residential as well as industrial sectors. The brisk development in the field of wired and mobile electronic devices is inducing high demand for non-volatile memory in the global market, resulting in the significant expansion of the global non-volatile memory market.
The benefits of non-volatile memory such as long-term persistent data storage, retrieval of stored data even after being power cycled, high-speed data access and others are fueling the expansion of the global non-volatile memory market. The emergence of technology with optimized power consumption and faster data access are impacting positively on the growth of the global non-volatile memory market during the forecast period.
The rapid increase in the demand for advanced storage technology and utilization of non-volatile memory in the flexible electronics are driving the global non-volatile market towards higher verticals. However, the limited storage capacity, rapid obsolescence of technology and high designing cost of devices with non-volatile memory are likely to impact negatively on the growth of the global non-volatile memory market during the forecast period.
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Copyright Š 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
2 Market Overview Non-volatile memory refers to computer memory which has the capability to hold or save data. Unlike volatile memory, it does not require memory data to be periodically refreshed. Non-volatile memory is used for storing digital media and is typically used for secondary or long term storage.
Technology giants such as Samsung Electronics Co., Ltd., Toshiba Corporation, Micron Technology, Inc., SK Hynix, Inc., Western Digital Corporation, Fujitsu Ltd, Intel Corporation and IBM Corporation are a few major players in the global non-volatile memory market. Kilopass has announced that their high capacity OTP NVM is designed into Montage Technology Group Limited’s next generation set-top box chips.They are targeting emerging market environments with challenging operating conditions. Kilopass’ Anti-Fuse NVM OTP IP provides HDMI and conditional access security keys hack-resistance storage for ultimate protection of content and network access. Whereas, SK Hynix wins Toshiba Memory unit deal. SK Hynix has succeeded in acquiring the memory chip business of the world’s second largest NAND provider Toshiba. Now SK Hynix will be able to maintain its competitiveness in the NAND flash sector.
Increasing use of highly scalable memory devices and growing demand for non-volatile memory in connected and wearable devices market are major factors driving the growth of the global non-volatile memory market. Furthermore, increasing deployment of non-volatile memory in banking and financial services sector is boosting the growth of the market.
The traditional non-volatile memory segment is expected to hold the largest market share of the overall market. The segment is further classified into FLASH, non-volatile SRAM, embedded non-volatile memory, EPROM and SPROM. Whereas, the emerging segment is expected to grow at the highest rate. It is further classified into 3D NAND, magneto resistive RAM, Ferroelectric RAM, resistive RAM, 3D Xpoint and others. The global non-volatile memory market is expected to grow at a CAGR of approximately 11% during the forecast period 2017-2023.
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Copyright © 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
3. Segments and Regional Analysis The global non-volatile Memory market is segmented by type, application and vertical. Based on the type, the market is segmented into traditional and emerging. The traditional segment is further classified into FLASH, non-volatile SRAM, embedded non-volatile memory, EPROM and SPROM. The emerging segment is further classified into 3D NAND, magneto resistive RAM, Ferroelectric RAM, resistive RAM, 3D Xpoint and others. Based on the application, the market is segmented into consumer electronics, health & monitoring, enterprise storage, industrial and others. Whereas, based on the vertical, the market is segmented into IT & telecommunication, healthcare, automotive, energy & power, manufacturing and others. The global non-volatile memory market is studied in Asia Pacific, North America, Europe, and Rest of the World. It has been observed that Asia Pacific is estimated to account for the largest share of the market, whereas North America is projected to grow at the fastest rate during the forecast period. The growth of market in Asia Pacific is attributed to technological advancements and increased adoption of high speed and low power consuming memory devices across various industry verticals. Also, presence of technological giants like Samsung and Hynix is another major factor boosting the market growth in the region
The global In-flight advertising market is expected to grow at 11.17% CAGR during the forecast period, 2017-2023. In 2016, the market was led by North America with 33.53% share, followed by Asia-Pacific and Europe with shares of 20.51% and 28.01%, respectively. There has been a significant domestic air traffic in countries such as India and China. Thus, the region has become lucrative for the firms that provide in-flight advertising services. The global in-flight advertising market has been segmented based on product type, aircraft type, and region. Of all the product types, display system accounted for the largest market share of 34.28% in 2016, with a market value of USD 105.6 million, which is projected to grow at the highest CAGR of 9.68% during the forecast period. Based on aircraft type, passenger aircraft accounted for the largest market share of 84.34% in 2016, with a market value of USD 259.9 million, which is projected to grow at the highest CAGR of 11.49%.
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Copyright Š 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
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Copyright Š 2017 Market Research Future.