The key factors driving the growth of the non-volatile memory market are increasing demand for fast access & low power consuming memory devices, and integrating emerging technologies to support digitalization in various sectors. The Non-volatile memory market is projected to grow from USD 74.6 billion in 2022 to USD 124.1 billion by 2027; it is expected to grow at a CAGR of 10.7% from 2022 to 2027.

This report covers key end users consumer electronics, enterprise storage, automotive & transportation, military & aerospace, industrial, telecommunication, energy & power, healthcare, agriculture, and retail. The Key players in the non-volatile memory market include SAMSUNG (South Korea), Western Digital Technologies, Inc. (US), KIOXIA Holdings Corporation (Japan), Micron Technology, Inc. (US), and SK HYNIX INC. (South Korea), among others. The other companies profiled in the report are Microchip Technology Inc. (US), ROHM CO., LTD. (Japan), Renesas Electronics Corporation (Japan), STMicroelectronics (US), Infineon Technologies AG (Germany), Nantero, Inc. (US), Crossbar Inc. (US), Everspin Technologies Inc. (US), Winbond (Taiwan), and Pure Storage, Inc. (US) among others.

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SAMSUNG is one of the world’s largest IT companies. The company, along with its subsidiaries, operates through the following business divisions: Consumer Electronics (CE), Information Technology & Mobile Communications (IM), Device Solution (DS), and Harman. The CE division offers monitors, TVs, printers, refrigerators, and air conditioners. The IM division provides communication systems, cell phones, and computers. The Device Solution segment specializes in offering DRAM, NAND flash, mobile APs, and OLED panels for smartphones. The Harman segment provides digital cockpits, telematics, speakers, and others.

Western Digital Technologies, Inc. was founded in 1970 and is headquartered in California, US. The company is a leading manufacturer and provider of data storage devices and solutions. Its broad product portfolio is segmented into two categories: Flash Drives and Hard Disk Drives (HDDs). The flash product portfolio provides non-volatile data storage based on flash technology, while HDD offers non-volatile data storage by recording magnetic information on a rotating disk. The company also reports its business segments as Cloud, Client, and Consumer Ends. Western Digital Technologies, Inc. has vertically integrated in-house assembly and test operations in Thailand, Malaysia, the Philippines, China, and the US. The company serves regions such as the Americas, Europe, the Middle East & Africa, and Asia.

KIOXIA Holdings Corporation, previously known as Toshiba Memory Corporation, is one of the leading companies in the NAND flash memory solution business. It offers manufacturing and sales services for flash memory and solid-state drives. KIOXIA Holdings Corporation operates through its 21 subsidiaries (15 international and six in Japan), four affiliated companies in Japan, and two overseas. Its subsidiaries, including KIOXIA Iwate Corporation, Kioxia America Inc., Kioxia Korea Corporation, Kioxia Technology UK Ltd., and Solid-State Storage Technology Corporation, specialize in flash memory and SSH production and development. KIOXIA created the first NAND flash memory for data storage. The technology is utilized in various applications, from data centers to cell phones.