The global market for next-generation memory technologies is anticipated to develop over the course of the projected period due to rising demand for quicker and highly scalable memories. Due to the considerable demand for quicker, more scalable, and low power memories, there is now a high demand for developing memory technologies. In the memory industry, scaling has grown to be a significant problem, with some older memories having scalability concerns. Furthermore, scaling at 65nm and beyond causes current leakage, which is a significant problem. In addition to more recent memories, 3-D memory structures have advanced. Along with newer memories, three-dimensional memory structures have advanced. These buildings provide a short-term fix, but this technology has its own drawbacks. Scaling below 90nm causes major architectural issues for Flash. Therefore, during the projection period, these factors are anticipated to fuel market expansion for next-generation memory technologies. Over the projected period, declining profit margins for legacy memory technologies are anticipated to drive the expansion of the global market for next-generation memory technologies. Market participants are being forced to look for fresh memories with better profit margins because of the extreme volatility of the prices of old memories.
According to Coherent Market Insights, A CAGR of 56.8% is anticipated for the projected period (2021-2028), with the global market for Next-Generation Memory technologies likely to reach US$ 6567.5 million in 2021.
Leading Companies in the Next Generation Memory Industry:
1. Micron Technology, Inc.
The company was founded in 1978 and is based in Boise, Idaho, U.S. The company Micron Technology, Inc. manufactures flash memory, USB flash drives, and dynamic random-access memory for computers. The business announced a brand-new 176-layer 3D NAND chip in November 2020. The business released the fastest discrete graphics memory product in the world in September 2020.
2. Fujitsu Ltd.
The company was started in 1935 and is based in Minato City, Tokyo, Japan. The company offers a range of services including system platform adjustments, network and telecommunication solutions, and comprehensive information technology development. Based on its technology for crime surveillance, Fujitsu created an artificial intelligence monitor that can identify intricate hand movements in June 2020.
3. Everspin Technologies, Inc.
The business was founded in 2008 and is based in Chandler, Arizona, United States. Integrated magnetic products are developed and produced by Everspin Technologies, Inc. The business provides storage class memory solutions, integrated magnetic sensors, and standalone and embedded magnetoresistive random access memory. Everspin said that their EMxxLX STT-MRAM devices would be available for purchase in November 2022.
4. SK Hynix Inc.
The company was founded in 1949 and is based in Icheon, South Korea. For the industries that manufacture electronic components, SK hynix Inc. offers goods and services. The company SK Hynix Inc. (SK Hynix) produces and sells semiconductors. Hynix announced a deal to buy Intel's NAND division for $9 billion in 2020, and the deal was finalized in 2021.
5. Avalanche Technology, Inc.
The company was started in 2006 and is located in California, United States. Solutions for spin-programmable storage are offered by Avalanche Technology, Inc. The company provides scalable, low power dissipation, and limitless write endurance non-volatile magnetic memory technology. Technology business Avalanche makes STT-MRAM, a non-volatile memory.
6. Adesto Technologies Corporation Inc.
The business was started in 2006 and is based in Santa Clara, California, United States. The company provides application-specific integrated circuits (ASICs) and IP cores in addition to IoT edge servers, routers, nodes, and communication modules for analog, digital, and non-volatile memory (NVM) technologies. Adesto was purchased by Reading, United Kingdom-based Dialog Semiconductor in 2020 for $500 million.
7. Samsung Electronics Co. Ltd.
The company was started in 1969 and is based in Suwon-si, South Korea. The company also manufactures mobile phones, telecommunications equipment, and solutions for Internet access networks. Samsung Electronics declared the merger of its consumer electronics and mobile businesses on December 7, 2021. Samsung declared on November 24, 2021, that Taylor, Texas would become the site of a brand-new semiconductor manufacturing facility.
Definition: The next generation of memory significantly improves on software-hardware products. It is the perfect replacement for mass-produced memories already in use, such SRAM and Flash. It has greater characteristics and is anticipated to soon replace the mass-produced memory now in use.
