DUBLIN–(BUSINESS WIRE)–The “Phase Change Memory – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Global Phase Change Memory Market to Reach US$5.3 Billion by the Year 2027
The global market for Phase Change Memory, estimated at US$361.5 Million in the year 2020, is projected to reach a revised size of US$5.3 Billion by 2027, growing at a CAGR of 46.7% over the analysis period 2020-2027.
PCM as DRAM, one of the segments analyzed in the report, is projected to grow at a 48.8% CAGR to reach US$2.7 Billion by the end of the analysis period.
After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the PCM as SRAM segment is readjusted to a revised 46.7% CAGR for the next 7-year period. This segment currently accounts for a 25.7% share of the global Phase Change Memory market.
The U.S. Accounts for Over 33.9% of Global Market Size in 2020, While China is Forecast to Grow at a 59.1% CAGR for the Period of 2020-2027
The Phase Change Memory market in the U.S. is estimated at US$122.5 Million in the year 2020. The country currently accounts for a 33.88% share in the global market. China, the world’s second largest economy, is forecast to reach an estimated market size of US$1.6 Billion in the year 2027 trailing a CAGR of 59.1% through 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 37% and 42.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 39% CAGR while Rest of European market (as defined in the study) will reach US$1.6 Billion by the year 2027.
PCM as Flash Memory Segment Corners a 17.9% Share in 2020
In the global PCM as Flash Memory segment, USA, Canada, Japan, China and Europe will drive the 43% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$53.4 Million in the year 2020 will reach a projected size of US$653 Million by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$662.2 Million by the year 2027.
What’s New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies – Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to the publisher’s digital archives and Research Platform
- Complimentary updates for one year
MARKET OVERVIEW
- Impact of COVID-19 on the Semiconductor Industry Exposes the Risk of Value Chain Modularity
- Among the Hammered Companies in the Supply Chain is the “Semiconductor Industry”
- Semiconductor Trends for Specific End-Use Categories
- COVID-19 Pandemic Storm Warrants New Strategies to Help Semiconductor Leaders Secure New Lease of Life
- Falling Consumer Confidence Impacts Sales of Automotive and Consumer Electronics
- Industrial Activity Remain Subdued in 2020
- Competitive Scenario
- The Importance of Memory in Computing
- Phase-Change Memory: A Budding Market with Unmatched Growth Potential
- Compelling Applications of Phase-Change Memories
- North American Market Stays Strong with Technological Advances
- Novel Phase Change Memory with Impressive Efficiency Set to Turn Heads
- Phase Change Memory (PCM): Definition, Scope, Evolution, Importance & Benefits
- Recent Market Activity
MARKET TRENDS & DRIVERS
- High-Performance Computing (HPC) Offers Broad-based Opportunities for the Evolution of PCM
- Digitalization Wave & Parallel Rise in Demand for Datacenters to Spur Growth of PCM
- Beyond COVID-19 Lies a New Normal with New Opportunities for Datacenters
- This Means Increased Demand for Datacenter Memory & Storage Solutions
- As Data Reservoirs, Datacenters Have Become Information Powerhouses for Modern Day Organizations Needing Novel New Generation Memory Technologies
- Rapid Development of Internet of Things Devices to Spur Demand for Phase Change Memory
- The Growing IoT Ecosystem Creates an Urgent Need for Novel Memory Solutions
- Big Boost with Rising Uptake of Big Data Storage
- Research Touching Different Aspects to Enable Phase-Change Memory for Data Storage
- Trends in Consumer Electronics Sector Influence the PCM Market
- Post Pandemic Recovery in CE Sector to Augment Prospects
- Phase Change Memory Market Posts Solid Gains with Skyrocketing Smartphone Demand
- Advanced Phase-Change Memory Options for Automotive Applications
- Rise of In-Memory Computing Bodes Well for Growth of PCM
- Growing Demand for Non-Von Neumann Computing to Overcome Memory Bottlenecks in Von Neumann Model Offers Robust Potential for Growth of PCM
- Brain-Inspired Computing: A New Innovation Using Phase-Change Memory
- Expanding Applications to Spur Medium to Long-Term Growth in the Market
- Key Issues Encountered with Phase-Change Memory Options
- Phase-Change Memory Eyes on Wide Horizons with Efforts to Address Limitations
Select Competitors (Total 11 Featured)
- IBM Corporation
- Intel Corporation
- Samsung Electronics Co., Ltd.
- STMicroelectronics N.V.
- Taiwan Semiconductor Manufacturing Company Limited
- Western Digital Corporation
For more information about this report visit https://www.researchandmarkets.com/r/o2dxaa
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