Non-Volatile Memory Market Share to Hit USD 104.49 Billion at 5.8% CAGR Growth | Valuates Reports

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19 Nov, 2025, 16:16 GMT

BANGALORE, India, Nov. 19, 2025 /PRNewswire/ -- What is the Market Size of Non-Volatile Memory?

The global market for Non-Volatile Memory was valued at USD 70880 Million in the year 2024 and is projected to reach a revised size of USD 104490 Million by 2031, growing at a CAGR of 5.8% during the forecast period.

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What are the key factors driving the growth of the Non-Volatile Memory Market?

The Non-Volatile Memory Market continues to evolve as industries seek faster, reliable, and energy-efficient storage technologies. Innovations in MRAM, ReRAM, and 3D NAND are redefining data retention and endurance capabilities, supporting the growing digital economy. Enterprises, automotive manufacturers, and electronics producers are embracing these solutions to enhance product efficiency and reduce latency. The market's expansion aligns with global trends in AI, IoT, and sustainability, positioning non-volatile memory as a transformative force in next-generation computing infrastructure. As advancements continue, its adaptability and scalability ensure sustained relevance across consumer, industrial, and enterprise applications worldwide.

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TRENDS INFLUENCING THE GROWTH OF THE NON-VOLATILE MEMORY MARKET:

MRAM and STT-MRAM technologies are reshaping the Non-Volatile Memory Market by combining speed, endurance, and energy efficiency. These memories store data through magnetic states rather than electric charge, offering non-volatility with near-SRAM performance. Their ability to retain data without power makes them suitable for industrial, automotive, and consumer applications requiring instant-on capability and long data retention. MRAM reduces standby power, supports fast read/write operations, and delivers high endurance cycles. Its reliability in extreme environments makes it ideal for mission-critical systems. As industries seek alternatives to flash and DRAM, the scalability, durability, and energy efficiency of MRAM solutions strongly contribute to the continued expansion of the Non-Volatile Memory Market.

3D NAND technology drives the Non-Volatile Memory Market by revolutionizing data storage through vertical cell stacking and increased density. This architecture enhances storage capacity while maintaining cost efficiency and power optimization. Its ability to deliver high-speed data transfer and endurance supports widespread use in data centers, smartphones, and solid-state drives. The scalability of 3D NAND enables manufacturers to meet the exponential demand for data storage in cloud computing and enterprise solutions. Its integration into portable electronics ensures faster performance and extended battery life. Continuous innovations in layering techniques and production efficiency further strengthen its dominance, making 3D NAND one of the key growth pillars within the Non-Volatile Memory Market.

Consumer electronics significantly contribute to the growth of the Non-Volatile Memory Market by driving demand for high-speed, energy-efficient, and compact memory solutions. Devices such as smartphones, wearables, and tablets rely on advanced memory types for seamless data processing and storage stability. As device functions evolve to include AI, multimedia, and real-time connectivity, memory components with low latency and high endurance become crucial. Non-volatile memory technologies ensure faster boot times, higher reliability, and improved power management. The continuous expansion of connected devices and IoT ecosystems amplifies the need for scalable, durable memory, positioning consumer electronics as one of the most influential end-use segments shaping market expansion.

The rapid expansion of global data centers is a key driver of the Non-Volatile Memory Market. Rising adoption of cloud computing, AI workloads, and big data analytics increases the demand for memory solutions that deliver faster performance and reduced latency. Non-volatile memory technologies such as MRAM and 3D NAND enable servers to handle massive datasets efficiently while maintaining power efficiency. Their endurance and scalability make them ideal for enterprise storage systems requiring reliability and continuous uptime. As organizations prioritize high-performance computing and energy savings, data centers increasingly integrate advanced non-volatile memory to enhance operational capacity and reduce energy costs.

The proliferation of edge computing and smart devices boosts the Non-Volatile Memory Market as localized data processing becomes critical. Edge devices require quick access to stored data and minimal energy consumption, which non-volatile memory provides. MRAM and ReRAM technologies are particularly suited for these environments, offering instant response and durability under frequent read/write operations. Their integration in industrial IoT, medical monitoring, and autonomous systems ensures seamless real-time performance. As the number of connected devices grows globally, manufacturers are embedding non-volatile memory into microcontrollers and embedded systems to achieve faster computation, reduced latency, and longer device lifespans.

Automotive electronics are transforming rapidly with advanced driver-assistance systems, infotainment, and connectivity solutions, fueling demand for non-volatile memory. Vehicles now require high-reliability storage that operates under extreme conditions without power loss. MRAM, NOR flash, and emerging NVM types ensure faster boot times, instant data access, and strong endurance, enhancing the reliability of safety-critical functions. Electrification and vehicle automation further push the need for robust memory that maintains data integrity during voltage fluctuations. The automotive industry's digital shift toward connected and autonomous driving continues to reinforce non-volatile memory adoption, supporting both performance and safety innovation across vehicle platforms.

Artificial Intelligence and Machine Learning systems demand high-performance memory architectures capable of rapid data access and persistence. Non-volatile memory technologies provide the ideal balance between speed, endurance, and data retention, essential for training and inference workloads. These devices improve data throughput, reduce power draw, and ensure sustained performance in AI-driven analytics, robotics, and automation. Their integration into neural network accelerators and edge AI chips enables efficient data processing even under resource constraints. As AI continues to evolve, non-volatile memory's ability to retain model parameters and intermediate computations without power dependence becomes a vital driver of market expansion.

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What are the major types in the Non-Volatile Memory Market?

Eeprom
Nvsram
Embedded
Eprom
3D Nand
Mram/Sttmram

What are the main applications of the Non-Volatile Memory Market?

Automobile, Transportation
Military, Aerospace
Industrial
Communication
Energy, Electricity
Medical
Agricultural
Retail
Other

Key Players in the Non-Volatile Memory Market

Samsung Electronics is a leading global supplier of NAND flash and advanced non-volatile memory solutions used in consumer and enterprise storage.
Toshiba (Kioxia) pioneered NAND flash technology and continues to manufacture high-performance non-volatile memory products for storage devices.
Micron Technology produces NAND, NOR, and emerging non-volatile memory technologies for data centers, automotive, and industrial applications.
SK Hynix manufactures NAND flash and next-generation non-volatile memory solutions for smartphones, PCs, and server storage.
Western Digital develops NAND-based solid-state storage solutions through its joint ventures and in-house memory technologies.
Adesto Technologies (acquired by Renesas) specialized in low-power non-volatile memory for IoT, industrial, and embedded systems.
Intel has developed several NVM technologies, including Optane (3D XPoint), targeting high-performance data center and computing applications.
Microchip Technology supplies EEPROM, Flash, and other non-volatile memory products used widely in embedded and automotive systems.
Fujitsu produces non-volatile memory solutions such as FeRAM for industrial control, metering, and automotive electronics.
Everspin Technologies is a leading manufacturer of MRAM products used in persistent memory and industrial applications.
Viking Technologies (Viking Technology) provides NVDIMM and related non-volatile memory modules for enterprise and data center use.
Crossbar focuses on Resistive RAM (ReRAM) technology aimed at high-density, low-power embedded and standalone memory applications.
Nantero develops carbon-nanotube-based NRAM technology positioned as an alternative to traditional non-volatile memory.
Synopsys offers embedded non-volatile memory IP solutions used in semiconductor design for microcontrollers and SoCs.
Sidense (acquired by Synopsys) specialized in one-time-programmable (OTP) non-volatile memory IP for secure and low-power chip applications.

Which region dominates the Non-Volatile Memory Market?

Regionally, North America leads the Non-Volatile Memory Market owing to strong demand from data centers, AI infrastructure, and advanced consumer electronics manufacturing. The Asia-Pacific region, led by countries like China, Japan, and South Korea, dominates production and technological innovation due to established semiconductor ecosystems.

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What are some related markets to the Non-Volatile Memory Market?

The global market for ReRAM was valued at USD 681 Million in the year 2024 and is projected to reach a revised size of USD 3818 Million by 2031, growing at a CAGR of 28.3% during the forecast period.
The global RRAM market is projected to grow from USD Million in 2024 to USD Million by 2030, at a Compound Annual Growth Rate (CAGR) of % during the forecast period.
The global market for 3D NAND Flash Memory was estimated to be worth USD 27180 Million in 2024 and is forecast to a readjusted size of USD 99130 Million by 2031 with a CAGR of 20.6% during the forecast period 2025-2031.
NVMe SSD for Gaming Market
Storage Class Memory Market
In 2024, the global market size of Ferroelectric RAM was estimated to be worth USD 295 Million and is forecast to reach approximately USD 387 Million by 2031 with a CAGR of 4.0% during the forecast period 2025-2031.
The global market for Magnetoresistive RAM (MRAM) was valued at USD 189 Million in the year 2024 and is projected to reach a revised size of USD 449 Million by 2031, growing at a CAGR of 13.3% during the forecast period.
Emerging Non-Volatile Memory Market
Non-volatile Memory Chip Market
In 2024, the global market size of Embedded Non-Volatile Memory (ENVM) was estimated to be worth USD 10670 Million and is forecast to reach approximately USD 30810 Million by 2031 with a CAGR of 16.6% during the forecast period 2025-2031.
In 2024, the global market size of Non-Volatile Dual In-Line Memory Module (NVDIMM) was estimated to be worth USD 127 Million and is forecast to reach approximately USD 264 Million by 2031 with a CAGR of 11.2% during the forecast period 2025-2031.

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