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Next-Generation Memory Market Share

Report ID: GMI8697
Published Date: Mar 2024
Report Format: PDF

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Next-Generation Memory Market Share

Samsung and Micron Technology, Inc. held a share of over 18% in the market in 2023. Samsung is a dominating player in the next generation memory market, which takes up the role of an innovation leader through its advanced memory technologies that it offers to the tech market. 3D NAND flash memory, LPDDR5 DRAM and HBM2E are some of the next generation memories that Samsung has been able to produce through its semiconductor making expertise.

Micron Technology, Inc. is an important player in the Next Generation Memory market due to its expertise in semiconductors and memory solutions. The company actively takes part in developing and commercializing advanced memory technologies such as 3D XPoint, developed together with Intel as a non-volatile memory technology.

Next-Generation Memory Market Companies

Major players operating in the next-generation memory industry are:

Samsung
Micron Technology, Inc.
Fujitsu
SK HYNIX INC.
Honeywell International Inc.
Microchip Technology Inc.
Everspin Technologies Inc.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

Next-generation memory industry was valued at over USD 6.7 billion in 2023 and is estimated to register a CAGR of over 24.8% between 2024 & 2032, driven by increasing interest in IoT devices.

300 mm Memory size segment held the largest market share of over 55% in 2023 and is set to gain traction by 2032, owing to an increase in efficiency during production, better yield rates, and lower prices for manufacturing per unit.

North America next-generation memory market held a market share of over 36.5% in 2023 and is set to gain traction by 2032, driven by a strong ecosystem of semiconductor firms, research institutes and technology companies.

Samsung, Micron Technology, Inc., Fujitsu, SK HYNIX INC., Honeywell International Inc., Microchip Technology Inc., Everspin Technologies Inc. are some of the major industry contenders.