Non-Volatile Memory Market Analysis & Forecast 2024-2030

Non-Volatile Memory Market Report by Product Type (Read-mostly Devices, Flash Memory, Ferroelectric RAM (F-RAM), Magneto resistive RAM (MRAM) ) by Application /End User (Consumer Digital Products, Computers, Medical Electronics, Industrial and Automotive, Military ) by Industry Analysis, Volume, Share, Growth, Challenges, Trends, and Forecast 2024-2030, Regional Outlook ( North America, Europe, Asia-Pacific, Middle-East, Africa)

Report Code: PSMR- 70023          Category: Semiconductor & Electronics          Region :  Global         Report Format :                  

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     Table of Contents

    Global Non-Volatile Memory Market is expected to reach USD 168208.19 million by 2030 with CAGR of 8.7% between 2024 and 2030

    Non-volatile memory (NVM) is an electrically programmable and erasable semiconductor technology that does not require a continuous power supply to retain the data or program code stored in a computing device as it retains that change even after power outage. Non-volatile memory is also known as non-volatile storage. Non-volatile memory is one of the major components of connected devices. Non-volatile memory (NVM) is commonly used for secondary storage or long-term consistent storage.  

    Non-Volatile Memory Market

    Non-volatile memory is highly popular among digital media and hence it is widely used in memory chips for USB memory sticks and digital cameras, magnetic (disk, diskette, tape) or magnetic-optical (CD, DVD) media. Non-volatile memory (NVM) utilizes user-configurable technology, which does not require periodic refreshment of the memory unlike the volatile memory. Non-volatile memory (NVM) is highly adopted by consumer electronics because of their low price and low power consumption.  

    The best examples of non-volatile memory are paper tape, external hard disks, memory cards, Random-only Memory (ROM), flash drives etc. Non-volatile memory comes with qualities such as low consumption of power, excellent speed, and high scalability. Nonvolatile memory technologies are gaining significant attentions from semiconductor industry in the competition of universal memory development. The demand for non-volatile memory is expected to soar with the increasing demand for certain types of consumer electronics such as optical discs, flash drives, and computers.  

    Asia Pacific is the largest market size for non-volatile memory market in terms of value in 2016 followed by North America. Some of the other important regions of the market could include the Middle East and Africa and Latin America. Presence of key market players in countries such as China, India, Japan and South Korea is also expected to positively impact the regional market over the forecast period. Increasing use of Next Generation Non Volatile Memory in mobile phones to enhance customer experience is expected to fuel market growth. Low environment stability and high design cost may act as a restraint to market growth over the forecast period.  

    Non-Volatile Memory Market : Product Type

    • Read-mostly Devices
    • Flash Memory
    • Ferroelectric RAM (F-RAM)
    • Magneto resistive RAM (MRAM)

    Non-Volatile Memory Market : Battery Type

    • Sealed Lead Acid
    • Li-Ion

    Non-Volatile Memory Market : Application

    • Consumer Digital Products
    • Computers
    • Medical Electronics
    • Industrial and Automotive
    • Military

    Global Non-Volatile Memory Market : Competitive Analysis

    Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Global Non-Volatile Memory Market :

    • Avalanche Technology
    • Crossbar Inc.
    • Cypress Semiconductor Corporation
    • Everspin Technologies Inc.
    • Samsung Electronics Co., Ltd.
    • Sk Hynix Inc
    • Texas Instruments Incorporated
    • Toshiba Corporation
    • Viking Technology
    • Fujitsu Limited
    • Infineon Technologies Ag
    • Micron Technology Inc.
    • Netlist
    • Agiga Tech
    • Toshiba Corporation
    • Fujitsu Ltd
    • SMART Modular Technologies

    Geographical analysis of Non-Volatile Memory Market :

    • North America
      • U.S.A
      • Canada
    • Europe
      • France
      • Germany
      • Spain
      • UK
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • South East Asia
    • Latin America
      • Brazil
    • Middle East and Africa

    Global Non-Volatile Memory Market Report delivers a comprehensive analysis of the following parameters:

    • Market Forecast for 2024-2030
    • Market growth drivers
    • Challenges and Opportunities
    • Emerging and Current market trends
    • Market player Capacity, Production, Revenue (Value)
    • Supply (Production), Consumption, Export, Import analysis
    • End user/application Analysis

    Report Coverage

    Parameters Details

    Base Year


    Historical Data


    Forecast Data


    Base Year Value (2023)

    USD 93808.10 million

    Forecast Value (2030)

    USD 168208.19 million

    CAGR (2022 to 2028)

    8.7 %

    Regional Scope

    North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW

    Frequently Asked Questions (FAQ)

    Non-Volatile Memory Market was valued at around USD 93808.10 million in 2023 & estimated to reach USD 168208.19 million by 2030.

    Non-Volatile Memory Market is likely to grow at compounded annual growth rate (CAGR) of 8.7% between 2024 to 2030.

    Yes, the report includes COVID 19 impact on the market.

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