Next Generation Memory Market Development and Demand Forecast to 2020 : P&S Market Research

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. 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.

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Based on technology, the next generation memory market can be broadly classified into volatile memory and non-volatile memory. Memories which perform both volatile and non-volatile functions are known as universal memory. Volatile memory, also known as flash memory, stores data for temporary period and loses the data it when the computer is powered off. Most volatile memories unit has faster read-out capability than that of non-volatile memory. However, it has much smaller data storage volume than non-volatile memory.

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. 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. Whereas, the various types of volatile memory include dynamic random access memory (DRAM) and static random access memory (SRAM).

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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. With respect to technology, high scalability and lower power consumption acts as major drivers for the next generation memory market.

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