Non-volatile Memory Chip Market

The global Non-volatile Memory Chip market was valued at US$ 54.7 billion in 2023 and is projected to reach US$ 89.4 billion by 2030, at a CAGR of 6.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

The global key manufacturers of Non-volatile Memory Chip include STMicroelectronics, Samsung, Microchip Technology Inc, KIOXIA Technologies, Western Digital, Micron Technology, Renesas Electronic, Infineon Technologies and SMART Modular Technologies, etc. in 2023, the global top five players have a share approximately % in terms of revenue.

Non-volatile memory chip is a semiconductor technology that does not require a continuous power supply to retain the data or program code stored in a computing device.

Non-volatile Memory Chip Market aims to provide a comprehensive presentation of the global market for Non-volatile Memory Chip, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Non-volatile Memory Chip. Non-volatile Memory Chip Market contains market size and forecasts of Non-volatile Memory Chip in global, including the following market information:

• Global Non-volatile Memory Chip Market Revenue, 2019-2024, 2025-2030, ($ millions)
• Global Non-volatile Memory Chip Market Sales, 2019-2024, 2025-2030, (K Units)
• Global top five Non-volatile Memory Chip companies in 2023 (%)

Non-volatile memory (NVM) chips have become essential components in a wide range of electronic devices, providing persistent storage that retains data even when the power is turned off. 

Consumer Electronics

The consumer electronics sector is the largest end-user of NVM chips, accounting for approximately 45% of the total market share in 2023. The proliferation of smartphones, tablets, laptops, and gaming consoles has fueled this demand. Key statistics include:

• Smartphones: Over 1.5 billion units shipped annually, each incorporating various forms of NVM such as flash memory and EEPROM.
• Laptops and Tablets: The shift towards solid-state drives (SSDs) from traditional hard drives has significantly increased the use of NVM chips, with SSDs projected to reach a penetration rate of 65% in personal computers by 2025.

Automotive Industry

The automotive sector has emerged as a critical market for NVM chips, driven by advancements in autonomous driving, infotainment systems, and electric vehicles. In 2023, the automotive industry represented 20% of the total NVM market. Key points include:

• Advanced Driver-Assistance Systems (ADAS): ADAS technologies, relying heavily on NVM for data storage and retrieval, are expected to be installed in over 80% of new vehicles by 2027.
• Electric Vehicles (EVs): The global EV market, growing at a CAGR of 22%, depends on NVM chips for battery management systems, powertrain control, and infotainment systems.

Healthcare

The healthcare sector has increasingly adopted NVM chips for medical devices and health monitoring systems. Accounting for 10% of the NVM market, this sector is poised for rapid growth due to the following trends:

• Wearable Health Devices: The market for wearable health devices is expected to reach $30 billion by 2025, with NVM chips playing a crucial role in data storage and patient monitoring.
• Medical Imaging: NVM chips are integral to the functioning of advanced medical imaging equipment, which is projected to see a 6% annual growth rate.

Industrial Applications

Industrial applications contribute to 15% of the NVM market, driven by the increasing adoption of Industry 4.0 and the Internet of Things (IoT). Key statistics include:

• Industrial Automation: The global industrial automation market, valued at $190 billion in 2023, relies on NVM chips for machine control, robotics, and predictive maintenance systems.
• IoT Devices: By 2025, it is estimated that there will be over 75 billion connected IoT devices, many of which utilize NVM chips for data storage and processing.

Other Emerging Markets

Other sectors, including aerospace, defense, and telecommunications, collectively account for the remaining 10% of the NVM market. These industries are increasingly incorporating NVM chips for enhanced reliability and performance in their systems.

The demand for non-volatile memory chips continues to surge across diverse end-user markets. As technology advances and the need for reliable, high-capacity storage solutions grows, NVM chips will remain a critical component in driving innovation and efficiency across multiple industries.

We has surveyed the Non-volatile Memory Chip manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Non-volatile Memory Chip Market, by Type, 2019-2024, 2025-2030 ($ Millions) & (K Units)

Global Non-volatile Memory Chip Market Segment Percentages, by Type, 2023 (%)

• 16-Bit
• 32-Bit
• Others

Global Non-volatile Memory Chip Market, by Application, 2019-2024, 2025-2030 ($ Millions) & (K Units)

Global Non-volatile Memory Chip Market Segment Percentages, by Application, 2023 (%)

• Electronic
• Automotive
• Aerospace
• Telecom

Global Non-volatile Memory Chip Market, By Region and Country, 2019-2024, 2025-2030 ($ Millions) & (K Units)

Global Non-volatile Memory Chip Market Segment Percentages, By Region and Country, 2023 (%)

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• The Middle East and Africa (Middle East, Africa)
• South and Central America (Brazil, Argentina, Rest of SCA)

Competitor Analysis

The report also provides analysis of leading market participants including:

• Key companies Non-volatile Memory Chip revenues in global market, 2019-2024 (Estimated), ($ millions)
• Key companies Non-volatile Memory Chip revenues share in global market, 2023 (%)
• Key companies Non-volatile Memory Chip sales in global market, 2019-2024 (Estimated), (K Units)
• Key companies Non-volatile Memory Chip sales share in global market, 2023 (%)

Further, the report presents profiles of competitors in the market, key players include:

• STMicroelectronics
• Samsung
• Microchip Technology Inc
• KIOXIA Technologies
• Western Digital
• Micron Technology
• Renesas Electronic
• Infineon Technologies
• SMART Modular Technologies
• Nantero

Outline of Major Chapters:

• Chapter 1: Introduces the definition of Non-volatile Memory Chip, market overview.
• Chapter 2: Global Non-volatile Memory Chip market size in revenue and volume.
• Chapter 3: Detailed analysis of Non-volatile Memory Chip manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
• Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
• Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
• Chapter 6: Sales of Non-volatile Memory Chip in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
• Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
• Chapter 8: Global Non-volatile Memory Chip capacity by region & country.
• Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
• Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
• Chapter 11: The main points and conclusions of the report.