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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Next-generation memory is a major upgrade over software-hardware products. It is an ideal substitute for existing mass production memories such as SRAM and Flash. It offers better features and is expected to replace the existing mass production memories in the near future. These memories are also carving out niche application areas for themselves and are poised to become mainstream in the near future; however, not all existing memories would be replaced. Next generation memories include ReRAM (Resistive Random Access Memory), MRAM (Magneto-resistive Random Access Memory), PCM (Phase-Change Memory), and FeRAM (Ferroelectric Random Access Memory).

The global Next generation memory technologies market is estimated to be valued at US$ 6567.5 million in 2021 and is expected to exhibit a CAGR of 56.8 % over the forecast period (2021-2028).

Recent Developments:

In May 2021 – Samsung, a South Korean based electronics company announced developed next generation DRAM memory in the industry.

In December 2020, Intel Corporation, a U.S. based semiconductor company launched 6 next gen memory and storage to help customers meet the challenges of digital transformation.

Statistics:

Figure 1. Global Next Generation memory technologies Market Value (US$ Mn), by Region, 2020

Next Generation Memory Technologies  | Coherent Market Insights

Asia Pacific held dominant position in the global next generation memory technologies market in 2020, accounting for 42.6% share in terms of Value, followed by North America, Europe and Rest of the world respectively.

Market Dynamics- Drivers

Increasing demand for faster and highly scalable memories is expected to drive growth of the global next generation memory technologies market during the forecast period

Currently, there is a high demand for emerging memory technologies, owing to significant demand for faster, highly scalable, and low power memories. Scaling has become a major issue across the memory industry, with some older memories facing scalability issues. Moreover, current leakage is another major issue when scaled at 65nm and beyond. Apart from newer memories, there has been development in 3-D memory structures. Besides newer memories, there has been development in three-dimensional memory structures. These structures offer a temporary solution; however, this technology has its own limitations. Flash faces serious architectural problems when scaled below 90nm. Therefore, these factors are expected to drive growth of the global next generation memory technologies market during the forecast period.

Declining profit margins with legacy memory technologies are expected to propel the global next generation memory technologies market growth over the forecast period

High volatility in prices of existing memories is compelling market players to search for newer memories that can provide higher profit margin. Earlier, companies had to reduce their fabrication capacity to enhance the demand and aid in increasing the prices of memory. However, this was only a temporary solution. There is a need for a memory solution that can lead to sustainable profit margins and this has been driving the demand for next generation memory technologies. Therefore, these factors are expected to propel the global next generation memory technologies market growth in the near future.

Market Opportunities

Growing demand for a universal memory solution can present lucrative growth opportunities in the global next generation memory technologies market

Semiconductor memory has unified qualities of different memory technologies existing today. It should have high speed comparable to SRAM, non-volatility akin to flash, and high density comparable to DRAM. Furthermore, an ideal memory is low-cost and highly scalable. It should be suitable for the system-on-chip (SoC) market. Currently, each of the available technologies delivers acceptable performance for a single purpose; however, many systems need all three memory types to deliver good overall performance at a logical cost. 

Research and development activities by market players can provide key business opportunities in the global next generation memory technologies market

Key players operating in the market are focused on research and development activities, in order to enhance the product portfolio. For instance, in February 2013, Everspin launched MR10Q010, a new product with 1MB Serial MRAM with SPI interface. In May 2013, Micron launched a new PCIe input/output accelerator.

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Hydroxychloroquine Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2021: US$ 4298.1 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 56.8% 2028 Value Projection: US$ 153082.3 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Product Type: Non-volatile, Volatile
  • By Interface Type: PCIe and I2C, SATA, SAS, DDR
  • By Application: Mobile phones, Cache memory and enterprise storage, Industrial and automotive, Mass storage, Embedded MCU & smart card
Companies covered:

Micron Technology, Inc., Fujitsu Ltd., Everspin Technologies, Inc., Winbond Electronics Corporation, SK Hynix Inc., Cypress Semiconductor Corporation, Avalanche Technology, Inc., Adesto Technologies Corporation Inc., and Samsung Electronics Co. Ltd.

Growth Drivers:
  • Increasing demand for faster and highly scalable memories
  • Declining profit margins with legacy memory technologies
Restraints & Challenges:
  • High designing cost and density considerations 
  • Lack of stability under extreme environmental conditions

Market Trends

Strong competition with new technologies

The global next generation memory technologies are significantly smaller as compared to DRAM and Flash. Newer memories still lag behind in terms of scalability and density of NAND; however, the chip density of these memories is expected to improve significantly in the next few years. This would fuel its adoption in several newer applications. The adoption of PCM and MRAM is likely to grow significantly in cache memory and enterprise storage as new memories improve the input/output performance and offer a lower cost per bit. With the availability of 1GB chips, the adoption of PCM in mobile phones is anticipated to increase significantly.

Partnerships and collaborations among market players

Key players in the market are focused on partnerships and collaborations, in order to gain a competitive edge in the market. For instance, in November 2012, Micron collaborated with AgigA Tech for the development of non-volatile DIMM (dual in-line memory module) technology. In June 2012, the company collaborated with IBM to develop PCM technology. Furthermore, in July 2011, Hynix collaborated with Toshiba Co. to jointly develop MRAM.

Figure 2. Global Next Generation Memory Technologies Market Share, By Product Type, 2020

Next Generation Memory Technologies  | Coherent Market Insights

Key Takeaways of the Graph:

  • The NVM segment held dominant position in the market and accounted for 99.1% share in the global next generation memory technologies market in 2020. The segment is expected to reach US$ 84,809.4million in 2028. This growth can be attributed to its improved performance, higher endurance, lower power consumption, better scalability with extremely high write endurance, and much higher write speeds than other volatile memory technologies.
  • The Cache memory and enterprise storage segment held dominant position in the market and accounted for 26.7% share in the global next generation memory technologies market in 2020. The segment is expected to reach US$ 1530.7 million in 2028. This growth can be attributed to the growing data centers across the globe. Increasing need for data storage capabilities in cloud storage and data centers is also creating demand for NGM technologies in the market.

Market Dynamics- Restraint

High designing cost and density considerations are expected to hamper the global next generation memory technologies market growth over the forecast period

High cost of designing remains a major issue for emerging memories. Design process needs to be standardized and economy of scale needs to be achieved, in order to make it more cost-effective than conventional memories such as flash or DRAM. Therefore, these factors are expected to hamper the global next-generation memory technologies market growth over the forecast period.

Lack of stability under extreme environmental conditions is expected to restrain growth of the global next generation memory technologies market during the forecast period

Stability under high temperature and extreme environmental conditions are some of the major requirements of emerging memory technologies. The traditional memory technologies can sustain under extreme temperature and environmental conditions. However, under extreme temperature and environmental conditions, emerging technologies face scalability and stabilities issues. This, in turn, is expected to restrain growth of the global next generation memory technologies market during the forecast period.

Global Next Generation Memory Technologies Market: Competitive Landscape

Major companies operating in the global next generation memory technologies market are Micron Technology, Inc., Fujitsu Ltd., Everspin Technologies, Inc., Winbond Electronics Corporation, SK Hynix Inc., Cypress Semiconductor Corporation, Avalanche Technology, Inc., Adesto Technologies Corporation Inc., and Samsung Electronics Co. Ltd.

Key Developments

Major companies are focused on product launched, in order to expand the product portfolio. For instance, in August 2019, Micron Technology Inc. launched the highest-capacity monolithic 16 GB low-power double data rate 4X (LPDDR4X) DRAM.

Key players are involved in product development, in order to gain a competitive edge in the market. For instance, in November 2019, Fujitsu Ltd. introduced next-generation storage performance ETERNUS AF S3 all-flash arrays and ETERNUS DX S5 hybrid storage systems.

The global next generation memory technologies market report provides a comprehensive overview of the global market. The report offers an in-depth analysis of key segments, vendors, markets, drivers, restraints, competitive environment, and other factors that are influencing the market. The in depth market research is based on multiple sources such as survey data, supplier data, online discussions, and interviews with management and executives of different companies. The comprehensive report not only looks at the state of the current market but also offers market prediction, various scenarios of the future market, and business strategies that can be adopted to gain an advantage over the competition. The report also gives a detailed analysis about the vendors and the technologies they are using in order to gain a competitive edge in the memory market.

The report not only discusses the global market but also provides the analysis about the supply chain, technology evolution, pricing, deployment, competition, and various technologies that support the overall needs and demands of the customers in the global market.

Market Dynamics:

R&D in new next-generation memory designs is expected to propel growth of the next generation memory technologies market over the forecast period. For instance, in August 2021, NEO Semiconductor was granted two U.S. patents that describe new ways to program and access NAND flash memory including inventions related to buffering, reading, and writing techniques.

Moreover, launch of verification IP for next-generation storage-class memory designs is also expected to aid in growth of the market. For instance, in May 2019, Synopsys, Inc. launched DDR5 NVDIMM-P Verification IP for next-generation storage-class memory designs.

Key features of the study:

  • This report provides in-depth analysis of the global next generation memory technologies market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global next generation memory technologies market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Micron Technology, Inc., Fujitsu Ltd., Everspin Technologies, Inc., Winbond Electronics Corporation, SK Hynix Inc., Cypress Semiconductor Corporation, Avalanche Technology, Inc., Adesto Technologies Corporation Inc., and Samsung Electronics Co. Ltd.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global next generation memory technologies market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global next generation memory technologies market

Detailed Segmentation:

  • Global Next Generation Memory Technologies Market, By Product Type:
    • Non-volatile
    • Volatile
  • Global Next Generation Memory Technologies Market, By Interface Type:
    • PCIe and I2C
    • SATA
    • SAS
    • DDR
  • Global Next Generation Memory Technologies Market, By Application:
    • Mobile phones
    • Cache memory and enterprise storage
    • Industrial and automotive
    • Mass storage
    • Embedded MCU & smart card
  • Global Next Generation Memory Technologies Market, By Region:
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East and Africa
  • Company Profiles
  • Micron Technology, Inc.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    •  Fujitsu Ltd.
    •  Everspin Technologies, Inc.
    •  Winbond Electronics Corporation
    •  SK Hynix Inc.
    •  Cypress Semiconductor Corporation
    •  Avalanche Technology, Inc.
    •  Adesto Technologies Corporation Inc.
    • Samsung Electronics Co. Ltd.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Interface Type
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New system Launch/Approvals
  4. Global Next Generation Memory Technologies Market, By Product Type, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Non-Volatile
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Volatile
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
  5. Global Next Generation Memory Technologies Market, By Interface Type, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • PCIe and I2C
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • SATA
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • SAS
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • DDR
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
  6. Global Next Generation Memory Technologies Market, By Application, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Mobile phones
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Cache memory and enterprise storage
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Industrial and automotive
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Mass storage
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Embedded MCU & smart card
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
  7. Global Next Generation Memory Technologies Market, By Region, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2020 and 2028 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Interface Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • U.S.
        • Canada
    • Western Europe
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Interface Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • U.K.
        • Germany
        • Italy
        • France
        • Rest of Europe
    • Eastern Europe
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Interface Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • Poland
        • Russia
        • Rest of Eastern Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Interface Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Interface Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Interface Type, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • GCC Countries
        • South Africa
        • Rest of the Middle East and Africa
  8. Competitive Landscape
    • Company Profiles
      • Micron Technology, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Fujitsu Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Everspin Technologies, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Winbond Electronics Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • SK Hynix Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Cypress Semiconductor Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Avalanche Technology, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Adesto Technologies Corporation Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Samsung Electronics Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse XX market data tables and XX figures on “Global Next Generation Memory Technologies Market-forecast to 2028”.

FAQgrowicon

Frequently Asked Questions

Global next generation memory technologies market size is estimated to be valued at US$ 6567.5 Million in 2021 and is expected to exhibit a CAGR of 56.8% between 2021 and 2028.
Increasing demand for faster and highly scalable memories and declining profit margins with legacy memory technologies are the factors fuelling growth of the market.
The NVM segment is the leading component segment in the market.
High designing cost and density considerations and lack of stability under extreme environmental conditions are factors hindering growth of the market.
Micron Technology, Inc., Fujitsu Ltd., Everspin Technologies, Inc., Winbond Electronics Corporation, SK Hynix Inc., Cypress Semiconductor Corporation, Avalanche Technology, Inc., Adesto Technologies Corporation Inc., and Samsung Electronics Co. Ltd.
Asia Pacific region is expected to hold a dominant position in the market over the forecast period (2021-2028), accounting for 42.6% share
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