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Non-Volatile Memory Market Emerging Trends, Growth Drivers, and Strategies

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New York, April 27, 2023 (GLOBE NEWSWIRE) — -As per the research report “Global Non-Volatile Memory Market” published by Reports Insights, the market was worth USD 5.78 Billion in 2022 and is anticipated to reach over USD 13.50 Billion by the year 2030, growing at a CAGR of 11.19%.

By answering the Key Questions for Non-Volatile Memory Market Report, businesses can make informed decisions and stay ahead of their competitors. 

  • What specific segmentation details are covered in the Non-Volatile Memory market report, and how is the dominating segment impacting the market growth ?

    The report consists of segments including Type, Wafer Size, and End-User. Each segment has key dominating sub-segment being driven by the industry trends and market dynamics. For instance, by type segment has witnessed traditional non-volatile memory devices as the dominating segment in the year 2022, due to the ability of non-volatile memory devices to provide both short-term and long-term storage capabilities.

  • What specific segmentation details are covered in the Non-Volatile Memory market report, and how is the fastest segment anticipated to impact the market growth ?

    The report consists of segments including Type, Wafer Size, and End-User. Each segment is projected to have the fastest-growing sub-segment being fueled by industry trends and drivers. For instance, The Wafer Size segment witnessed 200mm non-volatile memory devices as the fastest growing segment during the forecast period. The growth is attributed to the small-size, light-weight and high storage capabilities of the 200mm non-volatile memory devices.

  • Which region/country is anticipated to witness the highest CAGR during the forecast period, 2023-2030 ?

    – North America is expected to register fastest CAGR growth during the forecast period. The rise of advanced technologies such as internet of things (IoT), and artificial intelligence (AI) along with the increasing adoption of consumer electronics is accelerating the growth of the market.

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Non-volatile memory (NVM) is a type of permanent storage memory device that stores and preserves data for a long period time. Non-volatile memory devices have the ability to store data even in the absence of a constant power supply. Moreover, the non-volatile memory devices is rewritable in nature, thereby allowing for long-term usage of non-volatile memory devices.

The data centers are generating vast amounts of data that require an efficient storage system to store the information securely. Owing to aforementioned requirements, non-volatile memory devices are playing an important role in facilitating such demands, ultimately driving the market growth. Moreover, Data centers require high storage capacity and data transfer speeds to provide access to applications and data using a complex networks and storage infrastructure. Therefore, The increasing demand for non-volatile memory devices is contributing to the growth of non-volatile memory market. For instance, in November 2021, Fujitsu announced the launch of new 8Mbit FeRAM featuring high read/write endurance, fast writing speed operation and low power consumption. Thus, the ability of non-volatile memory to provide high storage capacity is accelerating the growth of the market.

The emergence of advanced technologies such as the Internet of Things (IoT), Artificial Intelligence (AI), and Machine Learning (ML) is expected to provide significant growth opportunities for the growth of the global market. The aforementioned technologies require large amounts of data storage and fast read and write speeds. Thus, the adoption of advanced technologies increases the demand for high-performance, low-power, and reliable memory solutions, thereby contributing to the growth of the market. However, the limited capacity of non-volatile memory devices is the major factor restraining the growth of non-volatile memory (NVM) market.

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Report Attributes Report Details
Market Size By 2030  USD 13.50 Billion
Forecast Period 2023-2030
CAGR (2023-2030) 11.19%
Base Year 2022
Study Timeline 2017-2030
Key Players Samsung Electronics Co., IBM Corporation, STMicroelectronics, Western Digital Technologies, Inc., Micron Technology, Inc., ROHM CO. LTD., Renesas Electronics Corporation, Spin Transfer Technologies, Fujitsu Ltd., Cross Inc., and ATP Electronics, Inc.
By Type
  • Traditional
  • Emerging
  • Nanobridge
  • Quantum Dots
  • Millipede
  • Molecular, and Transparent Non-Volatile Memory
By Wafer Size
  • 200 mm
  • 300mm
  •  450mm
By End-User
  • Consumer Electronics,
  • Industrial
  • Retail
  • IT and Telecom
  • Automotive
  • Healthcare
  • Others
Report Coverage Company Ranking and Market Share, Growth Factors, Total Revenue Forecast, Regional Competitive Landscape, Business Strategies, and more
By Geography North America, Asia-Pacific, Latin America, Europe, Middle East & Africa

Key Market Highlights

  • The global non-volatile memory market size is estimated to reach USD 13.50 Billion by 2030 and grow at a CAGR of 11.19% during the forecast period (2023-2030).
  • Globally, non-volatile memory market is divided based on the type into Traditional, Emerging, Nanobridge, Quantum Dots, Millipede, Molecular, and Transparent Non-Volatile Memory.
  • In the context of Wafer Size, the market is separated into 200 mm, 300mm, and 450mm.
  • Based on the End-User, the market is segregated into Consumer Electronics, Industrial, Retail, IT and Telecom, Automotive, Healthcare, and Others.
  • The market is geographically divided into five regions: Europe, Latin America, the Asia-Pacific, North America, and Middle East and Africa.
  • Asia Pacific and North America are estimated to support the market growth during the forecast period in terms of the large presence of market players combined with high expenditures on technological advancements in Robotic Process Automation (RPA).

Non-Volatile Memory Market Growth Drivers:

  • The increasing number of data centers generating vast amount of data is driving the growth of non-volatile memory market.
  • The increasing adoption of consumer electronics devices such as smartphones, laptops, and tablets are propelling the growth of non-volatile memory market.
  • The utilization of non-volatile memory devices in automotive applications such as autonomous driving, commonly known as Advanced Driver Assistance Systems (ADAS), and infotainment systems is boosting the growth of the market.

Restraints

  • The limited capacity of non-volatile memory devices is the major factor restraining the growth of non-volatile memory (NVM) market.
  • The lower efficiency of NVM devices due to the rewriting capabilities of non-volatile memory devices is hindering the growth of the market.

Opportunities

  • The emergence of 5G and advanced technologies such as Artificial Intelligence (AI), and the Internet of Things (IoT) is expected to present potential opportunities for the growth of non-volatile memory market.

Global Non-Volatile Memory Market Segmentation Details:

Based on Type, the traditional non-volatile memory devices contributed the largest shares to the market growth in 2022. The high-density storage capabilities, low cost, and compatibility of traditional non-volatile memory devices is driving the growth of this segment. Traditional non-volatile memory devices are widely used in consumer electronic devices, such as smartphones and digital cameras. Moreover, the ability of traditional non-volatile memory devices to offer high-density storage capabilities is contributing to the growth of the market.

Based on Wafer Size, 450 mm segment offered substantial shares to the global non-volatile memory market in the year 2022. the 450mm non-volatile memory devices offer high throughput and processing speeds, resulting in faster production times for new products. Moreover, the ability of 450mm non-volatile memory devices to provide high storage capacities is propelling the growth of the market.

Based on End-User, the consumer electronics segment accounted for the maximum revenue share in the year 2022. The growing adoption of consumer electronics devices generated vast amount of data that needs to be stores in non-volatile memory devices. The utilization of devices such as smartphones, laptops, and tablets for streaming, video-calling, and gaming purposes is accelerating the growth of the market. Furthermore, the adoption of advanced technologies such as the Internet of Things (IoT) is contributing to the growth of the market.

Based on region, the Asia-Pacific region accounted for the largest revenue share in the year 2022. The growing adoption of consumer electronics devices along with the increasing number of data centers in the region is driving the growth of the market. The application of cloud computing in data centers to manage the vast amount of data generated is contributed to the growth of the regional market.

Find What You Need With Our Detailed Table Of Contents (TOC) & Summary Of Non-Volatile Memory Market Report @ https://www.reportsinsights.com/industry-forecast/non-volatile-memory-market-research-report-2022-632034

Recent Developments

  • In June 2022, Micron Technology announced the launch of 176-Layer NAND SATA SSD for application in data centers.
  • In December 2020, TDK Corporation introduced new generation of flash memory storage products suitable for industrial, medical, smart grid, transportation and security applications.

List of Major Global Non-Volatile Memory Market Players

The market research report examines various market factors to determine the key drivers, limitations, and opportunities affecting market players. The report includes a SWOT analysis, regional analysis, and segment analysis to give a complete view of the market situation. This evaluation helps to identify possible growth opportunities through the implementation of technology, product utilization, business strategies, and the launch of new products. The following are major market players operating in the market environment —

  • Samsung Electronics Co.
  • IBM Corporation
  • STMicroelectronics
  • Western Digital Technologies, Inc.
  • Micron Technology, Inc.
  • ROHM CO. LTD.
  • Renesas Electronics Corporation
  • Spin Transfer Technologies
  • Fujitsu Ltd.
  • Cross Inc.
  • ATP Electronics, Inc.

Global Non-Volatile Memory Market Segmentation: 

  • By Type
    • Traditional Non-Volatile Memory
    • Emerging Non-Volatile Memory
    • Transparent Non-Volatile Memory
    • Molecular Non-Volatile Memory
    • Nanobridge
    • Quantum Dots
  • By Wafer Size
  • 200 mm
  • 300mm
  • 450mm 
  • By End-User
    • Consumer Electronics
    • Industrial
    • Retail
    • IT and Telecom
    • Automotive
    • Healthcare
    • Others

Discover More With Reports Insights Library Of Others Research Reports:-

Next generation non-volatile memory (NVM) technologies Market Size, Regional Trends, Growth, By Regions (North America, Europe, Asia Pacific, South America, Middle East And Africa), Segment Analysis, Key Technology Landscape, Market Dynamics, and Forecast (2023-2030)

Next Generation Memory Technologies Market Size, Regional Trends, Growth, By Regions (North America, Europe, Asia Pacific, South America, Middle East And Africa), Segment Analysis, Key Technology Landscape, Market Dynamics, and Forecast (2023-2030)

Secure Digital Cards Market Size By Regional (North America, Europe, South America, Asia Pacific, Middle East And Africa), COVID-19 Impact Analysis, Price Trend, Competitive Share, Market Statistics and Forecasts (2021 – 2028)

Memory Devices Market Size, Share & Trends Analysis, By Type (SRAM, ROM & EPROM, NOR Flash, NAND Flash, DRAM, and Others), Application (Smartphone/Tablet, PC/Laptop, Data Center, Consumer Products, Automotive, and Others), By Region, Forecast Period 2022 – 2030

Semiconductor Market Size, Share & Trends Analysis, By Component: (Logic Device Memory Devices, Analog IC, MCU, MPU, Discrete Power Devices Sensors, and Others), Type (Analog, Digital, Mixed-Signal, and Others), Technology (CMOS, BiCMOS, Bipolar, DMOS, and SOI), Application (Consumer Electronics, Automotive, Communication, Industrial, Healthcare, and Others), By Region, Forecast Period 2022 – 2030.

Automated Test Equipment Market Size, Share & Trends Analysis, By Product (Non-Memory ATE, Memory ATE, Discrete), By Vertical (Automotive, Consumer, Aerospace & Defense, IT & Telecom, Others), By Region and Segments, Growth, Forecast Period 2022 – 2030

About Reports Insights

Reports Insights is the leading research industry that offers contextual and data-centric research services to its customers across the globe. The firm assists its clients to strategize business policies and accomplish sustainable growth in their respective market domains. The industry provides consulting services, syndicated research reports, and customized research reports. Topnotch research organizations and institutions to comprehend the regional and global commercial status use the data produced by Reports Insights Our reports comprise in-depth analytical and statistical analysis on various industries in the foremost countries around the globe.

  1. By answering the Key Questions Covered in the Non-Volatile Memory Market Report, businesses can make informed decisions and stay ahead of their competitors.

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

TRON Forum collaborates with four major microcontroller manufacturers to hold TRON Programming Contest Using World-Standard Real-Time OS with 5 million JP YEN cash prize

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TOKYO, March 29, 2024 /PRNewswire/ — TRON Forum (Chair: Ken Sakamura, Professor Emeritus of the University of Tokyo) is pleased to announce that four microcontroller manufacturers, Infineon Technologies Japan K.K. (President & CEO: Ikuya Kawasaki), STMicroelectronics K.K. (Country Manager for Japan: Koichiro Takakuwa), NXP Japan K.K. (President & CEO: Masayuki Wajima), and Renesas Electronics Corporation (President & CEO: Hidetoshi Shibata) have collaborated with the Forum to hold TRON Programming Contest from Monday, December 11, 2023 jointly. The initial registration is being accepted now.

This contest is for engineers and students in Japan and overseas to compete in various  fields such as microcontroller applications, middleware, development environments, and tools using a member of TRON real-time OS (RTOS) family, “μT-Kernel 3.0” (*), which is a global standard of small-scale embedded computer systems.
(*) μT-Kernel 3.0 is an RTOS that fully complies with the real-time OS standard “IEEE 2050-2018” (IEEE Standard for a Real-Time Operating System (RTOS) for Small-Scale Embedded Systems) and runs on microcontrollers from various manufacturers.
Using the latest microcomputer boards provided by the manufacturers, contestants will compete in technologies that bring out the characteristics of RTOSs such as real-time performance, power saving, and small memory footprint, as well as development environments and tools that utilize new technologies.
The details of the contest with the total amount of cash prize, five million Japanese yen are at the following URL: https://www.tron.org/programming_contest/
About TRON Forum
TRON Forum was established in 2002 to promote TRON Project. We have been actively conducting activities centered on the T-Engine project, which prepares the development environment for embedded systems, and the operation of Ubiquitous ID Centers such as ucode.
In May 2015, Chair Sakamura received the ITU 150th Anniversary Award together with Bill Gates and others for his advocacy of open architecture TRON, which is the origin of ubiquitous networking and the IoT.
One member of the TRON RTOS family has been adopted as an international standard for real-time operating systems (RTOS) for small-scale embedded systems as 2050-2018 by Institute of Electrical and Electronics Engineers (IEEE), the world’s largest association of its kind and an international standardization organization. In 2023, the project leader, Chair Sakamura, received the IEEE Masaru Ibuka Consumer Technology Award from the IEEE in honor of the late Mr. Ibuka. In addition, the TRON RTOS family received the IEEE Milestone recognition in 2023.
URL: https://www.tron.org 
 
 

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XtalPi Unveils XtalGazer: A Comprehensive AI-Driven Polymorph Selection Platform

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CAMBRIDGE, Mass., March 28, 2024 /PRNewswire/ — XtalPi Inc., a leading global technology company in integrating artificial intelligence (AI) and robotics to advance the discovery of groundbreaking medicine and innovative materials, announced today the launch of its proprietary comprehensive solid form discovery and selection platform, XtalGazer. This advanced platform aims to significantly improve the polymorph selection process for the pharmaceutical industry by integrating AI- and automation-powered experimental and computational approaches.

XtalGazer provides a total solution for delivering high-quality polymorph screening and selection methods to expedite drug development and mitigate risks. It represents a paradigm shift in solid-state research, moving from the traditional trial-and-error approach to a data-driven, design-led methodology. The platform provides an expansive suite of foundational tools to accelerate polymorph discovery, characterization, and selection process, empowering pharmaceutical companies to conduct thorough research with less active pharmaceutical ingredient (API) in shorter development cycles.
A key component of XtalGazer is XtalCSP, a crystal structure prediction platform to perform global searches of crystal structures for target molecules and the other optional components in the corresponding searching space, offering a deep insight into possible stable forms. Furthermore, crystallization strategy recommendations will provide AI-backed experimental design to help avoid human bias. XtalGazer also utilizes MicroED to rapidly elucidate crystal structures from powder samples, reducing the need for growing single crystals.
XtalPi’s launch of XtalGazer marks another significant step in the company’s ongoing exploration of solid-state research. From crystal structure prediction platforms being one of the first products to launch at XtalPi, to today’s comprehensive polymorph selection platform, XtalPi will keep fulfilling its promise to solving challenging problems in this space. XtalPi will continue to deliver faster, more accurate, and more comprehensive approaches to building an ecosystem for the R&D process in solid-state, pre-formulation and crystallization.
For more information about XtalPi, please visit www.xtalpi.com.
About XtalPi:
XtalPi is an innovative technology company powered by artificial intelligence (AI) and robotics. Founded in 2015 on the MIT campus, XtalPi is dedicated to driving intelligent and digital transformation in the life science and new materials industries. With tightly interwoven quantum physics, AI, cloud computing, and large-scale clusters of robotic workstations, XtalPi offers a range of technology solutions, services, and products to accelerate and empower innovation for biopharmaceutical and new materials companies worldwide.
Media Contact: Vivienne [email protected]
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ICIS and Base Oil News Announce Partnership to Enhance Market Insights

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LONDON, March 28, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, is pleased to announce a strategic partnership with Base Oil News, a premier news outlet founded by industry expert Iain Pocock that provides in-depth coverage of the base oils and lubricants market. This collaboration marks a significant milestone in the dissemination and exchange of critical market data and insights.

With more than two decades of journalism experience at Bloomberg, Reuters, and Argus Media, Iain Pocock brings unparalleled expertise to this partnership. His deep understanding of illiquid energy markets makes him a credible and influential figure in the industry. Since November 2023, Iain has been working closely with ICIS to share and exchange valuable data and insights, enhancing the services both platforms offer to the base oils and lubricants market.
Through the collaboration, Iain integrates ICIS’ extensive content and data resources in Base Oil News market coverage. In return, he contributes market insights to ICIS News, including expert and exclusive analysis of supply and demand dynamics, price margins, and other critical market drivers. This exchange ensures that subscribers of both ICIS and Base Oil News have access to the most comprehensive, timely, and accurate market information, empowering them to make informed decisions.
“It’s a very exciting partnership – where we leverage each other’s strengths and provide actionable insights to our customers,” said Iain Pocock, Founder of Base Oil News. “The market is the winner.”
“As ICIS is already the world’s most trusted pricing benchmark for base oils, this collaboration with Iain Pocock and Base Oil News provides an even stronger and deeper service to our customers,” said Stephen Burns, Editorial Director at ICIS. “Iain’s expertise and extensive industry connections are invaluable, and we have established a fruitful partnership that benefits the market at large.”
For the latest insights from Iain Pocock on ICIS News, visit ICIS News.  
About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of £64bn and an employee base of over 30,000 experts across 40 countries.
About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £64bn | €75bn | $81bn.
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