According to a new report, published by KBV research, The Global Next Generation Memory Market size is expected to reach $21.8 billion by 2030, rising at a market growth of 17.2% CAGR during the forecast period.
The Volatile segment is showcasing a CAGR of 19.6% during (2023 - 2030). The extraordinary speed of volatile technologies—which allows for faster read and write operations than traditional memory—is one of its main advantages. This improved performance has the potential to increase significantly overall system productivity and responsiveness, which is crucial in data-driven industries. They are an eco-friendly option that can result in financial savings in energy-intensive data center operations because they also help to reduce energy consumption. Impressive endurance is another feature of these solutions; they can withstand a large number of read and write cycles before exhibiting wear and tear.
The 300 mm segment is leading the Global Next Generation Memory Market, By Wafer Size in 2022 thereby achieving a market value of $14.6 billion by 2030. In this market, adopting a 300 mm wafer size offers strategic advantages. Larger wafers result in economies of scale and higher production efficiency. Using 300 mm wafers means higher throughput as well as lower production costs per unit as companies strive to meet the increasing need for advanced memory technologies. In high-volume production scenarios where yield improvements and cost optimization are critical, like data centers and consumer electronics, this scalability is especially helpful.
The Consumer Electronics segment would display a CAGR of 16.9% during (2023 - 2030). The integration of next generation memory technologies in consumer electronics offers a wide range of benefits, including faster data access, lower power consumption, enhanced durability, instant boot-up, and improved gaming performance. These advancements contribute to a better user experience and ensure that electronic devices can keep up with the demands of modern technology and consumer expectations. Next Generation memory is designed to meet the increasing demands of future consumer electronics. As technology evolves, these memory solutions can adapt to support the growing storage and performance needs of next-gen devices.
The Asia Pacific region dominated the Global Next Generation Memory Market, By Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $9.5 billion by 2030. The North America market is anticipated to grow at a CAGR of 16.4% during (2023 - 2030). Additionally, The Europe market would witness a CAGR of 16.6% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/next-generation-memory-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Samsung Electronics Co. Ltd., Micron Technology, Inc., Fujitsu Limited, Toshiba Corporation, Honeywell International, Inc., Microchip Technology, Inc., Everspin Technologies, Inc., Infineon Technologies AG, Kingston Technology Company, Inc., and Intel Corporation.
By Technology
By Wafer Size
By Vertical
By Geography
Companies Profiled
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