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Next Generation Memory Market Industry Survey & Competitive Trends Forecast

Rising demand for faster, cost effective and efficient memory solutions have raised the need for next generation memory in recent times. The demand of advanced memory technologies have been rising with the increasing electronic gadget market and rising data storage requirement. The expanding market for tablets and smart phones is boosting mobile dynamic random access memory (RAM) market, owing to which the demand for next generation memory is also increasing.

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The incompatibility and poor performance of the traditional non-volatile memory solutions are further propelling the market of next generation memory such as MRAM, memristor, FeRAM and others. Some of the major semiconductor volatile memory includes dynamic RAM (DRAM) and Static RAM (SRAM). Non-Volatile memory stores data even when the computer is not powered. Whereas, the various types of volatile memory include dynamic random access memory (DRAM) and static random access memory (SRAM).

These memory devices are well suited for portable electronic devices, such as mobile phone, digital camera, and tablet PC. Non-volatile memories (NVM) are read-only memory (ROM), electrically-erasable ROM (EPROM), electrically-erasable-programmable ROM (EEPROM) and Flash memory. Various types of non-volatile memory are magneto-resistive RAM, resistive RAM, phase change memory, ferroelectric RAM and others.

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The next generation memory finds application in smart cards, automotive electronics, mass storage, consumer electronics, mobile phones and others. Based on interface, next generation memory market can be categorized into SAS, SATA, PCIe, DDR and I2C. Owing to the characteristics, such as high data rates with lower power dissipation levels, of next generation memory, their importance in electronics and semiconductor industry is increasing.