The North America Next Generation Non-Volatile Memory Market would witness market growth of 16.6% CAGR during the forecast period (2024-2031).
The US market dominated the North America 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 $3.66 billion by 2031. The Canada market is exhibiting a CAGR of 19.1% during 2024-2031. Additionally, the Mexico market would register a CAGR of 18.1% during 2024-2031.
Next generation non-volatile memory (NVM) technologies are transforming various industries by enhancing performance, reliability, and energy efficiency. NVMs, such as Flash memory and MRAM, store operating systems, applications, and user data. Their fast read/write speeds and durability improve device performance and user experience, including quicker boot times and enhanced multitasking capabilities.
SSDs (Solid-State Drives) that incorporate sophisticated NVM technologies provide superior speed and reliability compared to conventional hard drives. They reduce boot times, accelerate application loading, and enhance system responsiveness. Fitness trackers, smartwatches, and other wearable technologies use NVMs to manage and store user data, such as health metrics and application settings. The low power consumption and durability of NVMs are well-suited for these battery-operated devices.
The expansion of telecommunications services in Canada necessitates advanced memory solutions for network equipment such as routers, switches, and communication devices. Next generation NVM enhances the performance and reliability of these critical components. The growth of high-tech manufacturing in Canada, including producing electronic devices and systems, drives demand for high-performance memory solutions. Next generation NVM supports these manufacturing processes by providing reliable and efficient memory.
As Canadian businesses undergo digital transformation, they require advanced memory solutions to support new technologies and applications. Next generation NVM provides the high-speed storage and performance needed for modern enterprise IT systems. Therefore, the expansion of the ICT Industry and rising internet penetration in the region is driving the market's growth.
The US market dominated the North America 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 $3.66 billion by 2031. The Canada market is exhibiting a CAGR of 19.1% during 2024-2031. Additionally, the Mexico market would register a CAGR of 18.1% during 2024-2031.
Next generation non-volatile memory (NVM) technologies are transforming various industries by enhancing performance, reliability, and energy efficiency. NVMs, such as Flash memory and MRAM, store operating systems, applications, and user data. Their fast read/write speeds and durability improve device performance and user experience, including quicker boot times and enhanced multitasking capabilities.
SSDs (Solid-State Drives) that incorporate sophisticated NVM technologies provide superior speed and reliability compared to conventional hard drives. They reduce boot times, accelerate application loading, and enhance system responsiveness. Fitness trackers, smartwatches, and other wearable technologies use NVMs to manage and store user data, such as health metrics and application settings. The low power consumption and durability of NVMs are well-suited for these battery-operated devices.
The expansion of telecommunications services in Canada necessitates advanced memory solutions for network equipment such as routers, switches, and communication devices. Next generation NVM enhances the performance and reliability of these critical components. The growth of high-tech manufacturing in Canada, including producing electronic devices and systems, drives demand for high-performance memory solutions. Next generation NVM supports these manufacturing processes by providing reliable and efficient memory.
As Canadian businesses undergo digital transformation, they require advanced memory solutions to support new technologies and applications. Next generation NVM provides the high-speed storage and performance needed for modern enterprise IT systems. Therefore, the expansion of the ICT Industry and rising internet penetration in the region is 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
- US
- Canada
- Mexico
- Rest of North America
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. North America Next Generation Non-Volatile Memory Market by Type
Chapter 6. North America Next Generation Non-Volatile Memory Market by Wafer Size
Chapter 7. North America Next Generation Non-Volatile Memory Market by Application
Chapter 8. North America 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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