Next-Generation Memory Market: Current Analysis and Forecast (2022-2028)
Emphasis on Type (Non-Volatile and Volatile); Wafer Size (200MM, 300MM, and 450 MM) (BFSI, Consumer Electronics, Government, Telecommunications, Information Technology, and other applications); Application (Sports, Agriculture, Military); and Region/Country
Global Next-Generation Memory Market is expected to grow at a significant rate of during the forecast period. Next Generation Memory is the most advanced memory technology used in the computer industry. Big data analytics, Internet of Things (IoT), and artificial intelligence (AI). Next-generation memory comes with significant hardware and software upgrades for your storage device. Next-generation memory is being introduced in response to the growing demand for faster and lower-cost memory technology. 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.
The growing adoption of next-generation memories are mainly attributed to the growing demand of big data and universal memory devices. Furthermore, increasing demand for organizational storage applications and growing need for high bandwidth are expected to influence the market growth. Moreover, the growing prominence of low power consumption and a highly scalable memory device for technologies such as AI, IoT, and Big Data. For instance, according to Botco.ai, 40% of businesses increased their budgets for chatbots and intelligent virtual assistants in 2021.
Avalanche Technology, Crossbar Inc, Infineon Technologies AG, Intel Corporation, Micron Technology Inc, Nantero Inc., SAMSUNG, SK HYNIX INC, and Spin Memory Inc. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst type, volatile category to witness robust CAGR during the forecast period”
Based on type, the market is segmented into non-volatile and volatile. The volatile memory segment is expected to grow with a significant CAGR during the forecast period. Volatile memory incorporates memories advanced storage technologies such as hybrid-Memory Cube (HMC) and High-bandwidth memory (HBM). Moreover, data processing Via volatile memory is fast and consumes less energy. These factors are expected to drive the market during the forecast period.
“Amongst application, the consumer electronics to grow with a significant CAGR during the forecast period”
On the basis of application, the market is classified into BFSI, consumer electronics, government, telecommunications, information technology, and other application. The consumer electronics segment is expected to grow with a significant CAGR during the forecast period. Consumer electronics include devices such as mobile phones, smartphones, laptops, iPods, tablets, and others. The growing prominence of consumer electronics is expected to drive the market during the forecast period. For instance, according to gsma, in 2021, the global number of active mobile internet subscribers reached 4.2 billion.
“Asia Pacific to hold a significant share in the market”
The Asia Pacific region is expected to lead the next-generation memory market during the forecast period. The growing adoption in the region is mainly attributed to the growing prominence of consumer electronics/smart devices in the countries like China and India. Furthermore, the increasing numbers of Chinese semiconductor manufacturers are expected to drive the market during the forecast period. For instance, according to the world’s top exports, China was the world’s largest smartphone exporter in the year 2021. Moreover, the growing investments and technological advancements in countries like Vietnam and South Korea are expected to drive the market in the region.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global next-generation memory market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Next-Generation Memory Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global next-generation memory market were the three major steps undertaken to create and analyze the adoption of next-generation memory in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global next-generation memory market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the next-generation memory market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the next-generation memory market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type, wafer size, and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Next-Generation Memory Market. Further, we conducted factor analysis using dependent and independent variables such as various type, wafer size, and application of next generation memory. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the next-generation memory market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global next-generation memory market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the next-generation memory market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global next-generation memory market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global next-generation memory market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type, drive type, and application in the global next-generation memory market.
The main objective of the Global Next-Generation Memory Market Study
The current & future market trends of the global next-generation memory market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the next-generation memory market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of type, wafer size, and application.
- Define and analysis of the regulatory framework for the next-generation memory industry.
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the next-generation memory market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profiles of the next-generation memory market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
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