The Asia Pacific Next Generation Non-Volatile Memory Market would witness market growth of 17.7% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Next Generation Non-Volatile Memory Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2.18 billion by 2031. The Japan market is experiencing a CAGR of 17.1% during 2024-2031. Additionally, the India market would showcase a CAGR of 19% during 2024-2031.
Telecommunications equipment, such as routers and switches, employs NVMs for storing configuration settings and firmware. Their reliability and fast access times are important for maintaining efficient network operations and supporting high-speed data transmission. The rollout of 5G networks benefits from NVMs that can handle the high data throughput and low latency required for advanced telecommunications applications. NVMs support the infrastructure needed to deliver high-speed and reliable 5G connectivity.
The adoption of NVM technologies is accelerating across various sectors due to their superior performance, reliability, and efficiency compared to traditional memory solutions. Several factors drive this growth, each contributing to these advanced technologies' broader acceptance and integration. Next generation NVMs offer significant improvements in data access speeds and processing efficiency. Applications requiring high-speed data retrieval, such as gaming, high-performance computing, and data centres, increasingly rely on these technologies to meet their demanding performance criteria.
The rise in production and consumption of high-end smartphones and wearables in India drives the need for next generation NVM. These devices require fast and reliable memory solutions for high-resolution cameras, complex applications, and extensive data storage. In FY23, domestic electronics production in India was valued at $101 billion, with mobile phones accounting for 43% of this production value. Also, the Indian government’s initiatives to promote electronics manufacturing and semiconductor industries, such as the “Make in India” and “National Policy on Electronics,” foster growth in these sectors. These policies drive investment in next generation NVM technologies as part of the broader push for advanced electronics. In conclusion, the expansion of the consumer electronics industry and the rising telecommunication sector in the region are driving the market's growth.
The China market dominated the Asia Pacific Next Generation Non-Volatile Memory Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2.18 billion by 2031. The Japan market is experiencing a CAGR of 17.1% during 2024-2031. Additionally, the India market would showcase a CAGR of 19% during 2024-2031.
Telecommunications equipment, such as routers and switches, employs NVMs for storing configuration settings and firmware. Their reliability and fast access times are important for maintaining efficient network operations and supporting high-speed data transmission. The rollout of 5G networks benefits from NVMs that can handle the high data throughput and low latency required for advanced telecommunications applications. NVMs support the infrastructure needed to deliver high-speed and reliable 5G connectivity.
The adoption of NVM technologies is accelerating across various sectors due to their superior performance, reliability, and efficiency compared to traditional memory solutions. Several factors drive this growth, each contributing to these advanced technologies' broader acceptance and integration. Next generation NVMs offer significant improvements in data access speeds and processing efficiency. Applications requiring high-speed data retrieval, such as gaming, high-performance computing, and data centres, increasingly rely on these technologies to meet their demanding performance criteria.
The rise in production and consumption of high-end smartphones and wearables in India drives the need for next generation NVM. These devices require fast and reliable memory solutions for high-resolution cameras, complex applications, and extensive data storage. In FY23, domestic electronics production in India was valued at $101 billion, with mobile phones accounting for 43% of this production value. Also, the Indian government’s initiatives to promote electronics manufacturing and semiconductor industries, such as the “Make in India” and “National Policy on Electronics,” foster growth in these sectors. These policies drive investment in next generation NVM technologies as part of the broader push for advanced electronics. In conclusion, the expansion of the consumer electronics industry and the rising telecommunication sector in the region are driving the market's growth.
List of Key Companies Profiled
- Samsung Electronics Co. Ltd
- Micron Technology, Inc.
- Fujitsu Limited
- Honeywell International, Inc.
- Infineon Technologies AG
- ROHM Co., Ltd.
- Toshiba International Corporation
- Intel Corporation
- Kingston Technology Company, Inc.
- Kioxia Holdings Corporation
Market Report Segmentation
By Type
- High-bandwidth Memory (HBM)
- Hybrid Memory Cube (HMC)
By Wafer Size
- 300 mm
- 200 mm
By Application
- BFSI
- Information Technology
- Consumer Electronics
- Telecommunications
- Government
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Taiwan
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Asia Pacific Next Generation Non-Volatile Memory Market by Type
Chapter 6. Asia Pacific Next Generation Non-Volatile Memory Market by Wafer Size
Chapter 7. Asia Pacific Next Generation Non-Volatile Memory Market by Application
Chapter 8. Asia Pacific Next Generation Non-Volatile Memory Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Samsung Electronics Co. Ltd
- Micron Technology, Inc.
- Fujitsu Limited
- Honeywell International, Inc.
- Infineon Technologies AG
- ROHM Co., Ltd.
- Toshiba International Corporation
- Intel Corporation
- Kingston Technology Company, Inc.
- Kioxia Holdings Corporation
Methodology
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