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US Non Volatile Memory Market

ID: MRFR/SEM/15235-HCR
200 Pages
Garvit Vyas
October 2025

US Non-Volatile Memory Market Research Report By Memory Technology (Flash Memory, Magnetoresistive RAM, Phase Change Memory, Ferroelectric RAM), By Storage Type (Embedded Non-Volatile Memory, Removable Non-Volatile Memory, Non-Volatile Memory Modules), By Application (Consumer Electronics, Automotive, Industrial, Telecommunications) and By End Use (Personal Use, Commercial Use, Enterprise Use) - Forecast to 2035

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US Non Volatile Memory Market Summary

As per MRFR analysis, the US non volatile-memory market Size was estimated at 21.0 USD Billion in 2024. The US non volatile-memory market is projected to grow from 22.72 USD Billion in 2025 to 50.0 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 8.21% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The US non volatile-memory market is experiencing robust growth driven by technological advancements and increasing demand for high-performance solutions.

  • The largest segment in the US non volatile-memory market is the consumer electronics sector, while the automotive segment is the fastest-growing.
  • There is a notable shift towards sustainable manufacturing practices among key players in the non volatile-memory market.
  • Integration of non volatile memory in emerging technologies, such as artificial intelligence and IoT, is becoming increasingly prevalent.
  • Rising adoption of IoT devices and growing data storage requirements are major drivers propelling market expansion.

Market Size & Forecast

2024 Market Size 21.0 (USD Billion)
2035 Market Size 50.0 (USD Billion)

Major Players

Samsung Electronics (KR), Micron Technology (US), SK Hynix (KR), Western Digital (US), Intel Corporation (US), Toshiba Memory Corporation (JP), NXP Semiconductors (NL), STMicroelectronics (FR), Kioxia Holdings Corporation (JP)

US Non Volatile Memory Market Trends

The non volatile-memory market is currently experiencing a dynamic evolution, driven by advancements in technology and increasing demand for data storage solutions. As industries continue to digitize, the need for reliable and efficient memory solutions has become paramount. This market encompasses various types of memory technologies, including flash memory and phase-change memory, which are integral to a wide array of applications, from consumer electronics to enterprise-level data centers. The ongoing shift towards cloud computing and the Internet of Things (IoT) further amplifies the necessity for robust non volatile-memory solutions, as these technologies require persistent data storage that can withstand power interruptions. In November 2025, the landscape of the non volatile-memory market appears to be shaped by several key factors. The rise of artificial intelligence (AI) and machine learning (ML) applications necessitates faster and more efficient memory solutions, which could lead to innovations in non volatile-memory technologies. Additionally, sustainability concerns are prompting manufacturers to explore eco-friendly materials and production processes. As the market adapts to these trends, it is likely that competition will intensify, pushing companies to invest in research and development to enhance their offerings. Overall, the non volatile-memory market is poised for growth, driven by technological advancements and evolving consumer needs.

Increased Demand for High-Speed Memory Solutions

The non volatile-memory market is witnessing a surge in demand for high-speed memory solutions. This trend is largely influenced by the growing need for faster data processing in various applications, including gaming, artificial intelligence, and cloud computing. As consumers and businesses alike seek improved performance, manufacturers are focusing on developing memory technologies that offer enhanced speed and efficiency.

Shift Towards Sustainable Manufacturing Practices

Sustainability is becoming a crucial consideration within the non volatile-memory market. Companies are increasingly adopting eco-friendly materials and processes to reduce their environmental impact. This shift not only aligns with consumer preferences for sustainable products but also addresses regulatory pressures aimed at minimizing waste and promoting recycling in the electronics industry.

Integration of Non Volatile Memory in Emerging Technologies

The integration of non volatile memory into emerging technologies is a notable trend. As sectors such as automotive, healthcare, and smart devices evolve, the demand for reliable and persistent memory solutions is rising. This integration supports the functionality of advanced applications, including autonomous vehicles and smart home systems, thereby expanding the market's reach and potential.

US Non Volatile Memory Market Drivers

Rising Adoption of IoT Devices

The proliferation of Internet of Things (IoT) devices is driving the non volatile-memory market. As more devices become interconnected, the demand for reliable and efficient memory solutions increases. In 2025, the number of IoT devices in the US is projected to reach over 30 billion, necessitating robust memory solutions that can retain data without power. This trend indicates a growing need for non volatile memory, which offers advantages such as low power consumption and durability. The non volatile-memory market is likely to benefit from this surge, as manufacturers seek to provide memory solutions that meet the specific requirements of IoT applications, including smart home devices, wearables, and industrial automation.

Increased Focus on Data Security

As cyber threats become more sophisticated, the emphasis on data security is driving the non volatile-memory market. Organizations are increasingly seeking memory solutions that not only provide data retention but also enhance security features. In 2025, The non volatile-memory market is anticipated to reach $345 billion, reflecting the growing concern over data breaches. The non volatile-memory market is likely to respond by innovating memory solutions that incorporate advanced encryption and security protocols. This trend suggests that manufacturers will prioritize the development of non volatile memory products that address the critical need for data protection in various sectors, including finance, healthcare, and government.

Growing Data Storage Requirements

The exponential growth of data generated by businesses and consumers is a key driver for the non volatile-memory market. In 2025, it is estimated that the total data created in the US will reach 175 zettabytes, necessitating efficient storage solutions. Non volatile memory offers a compelling advantage due to its ability to retain data without power, making it suitable for various applications, including cloud storage and data centers. The non volatile-memory market is likely to see increased investment as organizations seek to enhance their data storage capabilities while ensuring data security and accessibility. This trend suggests a robust demand for innovative memory solutions that can handle large volumes of data efficiently.

Emergence of Artificial Intelligence

The rise of artificial intelligence (AI) technologies is influencing the non volatile-memory market significantly. AI applications require substantial memory resources to process and store vast amounts of data. In 2025, the AI market in the US is projected to exceed $190 billion, creating a substantial demand for non volatile memory solutions that can support machine learning and data analytics. The non volatile-memory market is expected to adapt to this growing need by developing memory solutions that enhance the performance and efficiency of AI systems. This trend indicates a potential shift in memory technology, as manufacturers strive to meet the unique requirements of AI-driven applications.

Advancements in Automotive Technology

The automotive sector is undergoing a transformation with the integration of advanced technologies, which is positively impacting the non volatile-memory market. As vehicles become more connected and autonomous, the need for reliable memory solutions is paramount. In 2025, the automotive memory market is expected to grow by approximately 15%, driven by the demand for non volatile memory in applications such as infotainment systems, advanced driver-assistance systems (ADAS), and vehicle-to-everything (V2X) communication. The non volatile-memory market is positioned to capitalize on this trend, as automotive manufacturers increasingly rely on memory solutions that ensure data integrity and performance in critical applications.

Market Segment Insights

By Memory Technology: Flash Memory (Largest) vs. Magnetoresistive RAM (Fastest-Growing)

Flash memory continues to dominate the market, driven by widespread adoption in consumer electronics and data centers. This segment accounts for the majority share in the US non volatile-memory market, making it a crucial technology for applications requiring fast and reliable memory solutions. Meanwhile, magnetoresistive RAM is emerging as a competitive alternative, increasing its share as innovative applications in IoT and automotive sectors fuel demand. As the US non volatile-memory market evolves, growth trends favor flash memory due to its cost-effectiveness and versatility. The growing need for high-performance computing and cloud services further amplifies its market presence. Conversely, magnetoresistive RAM is gaining traction, attributed to its speed and energy efficiency, making it ideal for next-generation applications and driving rapid advancements in memory technology.

Flash Memory (Dominant) vs. Magnetoresistive RAM (Emerging)

Flash memory is characterized by its robustness, scalability, and reliability, largely contributing to its dominance in the US non volatile-memory market. It serves a variety of applications, from consumer electronics to enterprise storage solutions, firming its place as the go-to choice for non-volatile memory. On the other hand, magnetoresistive RAM, as an emerging technology, offers several advantages, including faster data access speeds and lower energy consumption. This makes it particularly appealing for use in demanding environments like data centers and advanced computing applications, where performance and efficiency are paramount. As innovations continue, the landscape for these memory technologies will likely shift, showcasing the strengths of each segment.

By Storage Type: Embedded Non-Volatile Memory (Largest) vs. Removable Non-Volatile Memory (Fastest-Growing)

In the US non volatile-memory market, Embedded Non-Volatile Memory holds the largest share due to its widespread application in consumer electronics and automotive industries. This segment is followed by Removable Non-Volatile Memory, which has gained significant traction owing to the increasing demand for portable storage solutions. Non-Volatile Memory Modules, while essential, represent a smaller portion of the market, catering primarily to enterprise and data center applications. The growth trends in this segment are driven by technological advancements and rising data storage needs across various sectors. Removable Non-Volatile Memory is projected as the fastest-growing segment as consumers and businesses alike seek flexibility in data handling. The ongoing shift towards smart devices and increased adoption of IoT applications are key factors propelling this growth, indicating a vibrant competitive landscape in the market.

Embedded Non-Volatile Memory (Dominant) vs. Removable Non-Volatile Memory (Emerging)

Embedded Non-Volatile Memory is positioned dominantly in the US non volatile-memory market, widely utilized in smartphones, tablets, and automotive systems, benefiting from the trend of integrating memory solutions directly into devices for improved performance. In contrast, Removable Non-Volatile Memory has emerged as a flexible alternative, appealing to both consumers and enterprises needing reliable yet portable storage options. This segment is experiencing rapid growth driven by increasing demand for USB drives and memory cards, essential in both personal and professional settings. The landscape is characterized by innovation and competitive pricing, making removable options attractive to a broader audience.

By Application: Consumer Electronics (Largest) vs. Automotive (Fastest-Growing)

In the US non volatile-memory market, the Consumer Electronics segment continues to dominate, capturing a significant market share due to the rising demand for advanced electronic devices. Contrarily, the Automotive segment is witnessing rapid growth, fueled by the increasing integration of electronics in vehicles, such as infotainment systems and advanced driver-assistance systems (ADAS). Growth trends indicate that Consumer Electronics is benefiting from ongoing innovation and consumer preferences for smart devices, while the Automotive sector is expanding due to trends towards electrification and autonomous driving technologies. These factors are propelling manufacturers to invest heavily in memory solutions, ensuring enhanced performance and reliability in both segments.

Consumer Electronics: Dominant vs. Automotive: Emerging

The Consumer Electronics segment remains a robust force within the US non volatile-memory market, characterized by its extensive application in smartphones, tablets, and wearables. This segment thrives on continuous innovation and heightened consumer demand for seamless connectivity and performance. In contrast, the Automotive segment is emerging as a critical player, driven by technological advancements such as electric vehicles and smart systems. The increasing complexity of in-vehicle electronics necessitates advanced memory solutions that can support high-speed data processing and reliability, fostering significant growth opportunities for manufacturers focused on automotive applications.

By End Use: Personal Use (Largest) vs. Enterprise Use (Fastest-Growing)

In the US non volatile-memory market, Personal Use accounts for a significant share of the overall demand, driven by consumer electronics, personal computing devices, and mobile applications. This segment is characterized by high adoption rates as individuals increasingly rely on non volatile-memory solutions for personal data storage, gaming, and mobile devices, demonstrating robust usage patterns across various demographics. Conversely, the Enterprise Use segment is witnessing the fastest growth. This surge is primarily due to the increasing adoption of cloud computing, big data analytics, and AI-driven applications that require fast, reliable, and efficient data storage solutions. Enterprises are investing heavily in advanced non volatile-memory technologies to enhance operational efficiencies and drive innovation, positioning themselves at the forefront of the digital transformation trend.

Personal Use (Dominant) vs. Enterprise Use (Emerging)

The Personal Use segment stands out as the dominant force in the US non volatile-memory market, characterized by a wide range of applications including smartphones, laptops, and gaming consoles. This segment thrives on trends such as increased digital content consumption and the shift towards remote work, leading to consistent demand for memory solutions that offer speed and reliability. In contrast, the Enterprise Use segment is emerging rapidly, fueled by digital transformation initiatives. Organizations seek high-performance storage solutions capable of handling large volumes of data generated by cloud services and IoT applications. This dynamic highlights the contrasting priorities in the market, where Personal Use focuses on everyday consumer applications, while Enterprise Use emphasizes advanced capabilities and innovation.

Get more detailed insights about US Non Volatile Memory Market

Key Players and Competitive Insights

The non volatile-memory market is currently characterized by intense competition and rapid technological advancements. Key growth drivers include the increasing demand for data storage solutions across various sectors, such as consumer electronics, automotive, and cloud computing. Major players like Samsung Electronics (KR), Micron Technology (US), and Intel Corporation (US) are strategically positioned to leverage their extensive R&D capabilities and manufacturing prowess. Samsung, for instance, focuses on innovation in memory technology, while Micron emphasizes partnerships to enhance its product offerings. Collectively, these strategies foster a dynamic competitive environment, pushing companies to continuously evolve and adapt to market demands.

In terms of business tactics, companies are increasingly localizing manufacturing to mitigate supply chain disruptions and optimize operational efficiency. The market structure appears moderately fragmented, with several key players holding substantial market shares. This fragmentation allows for a diverse range of products and innovations, although the influence of major companies remains significant in shaping market trends and consumer preferences.

In October 2025, Micron Technology (US) announced a strategic partnership with a leading cloud service provider to develop next-generation memory solutions tailored for AI applications. This collaboration is poised to enhance Micron's position in the rapidly growing AI sector, indicating a shift towards specialized memory solutions that cater to emerging technologies. Such partnerships not only bolster product development but also expand market reach, aligning with the increasing demand for high-performance memory in AI-driven applications.

In September 2025, Intel Corporation (US) unveiled its latest line of 3D NAND technology, which promises to deliver higher storage densities and improved energy efficiency. This technological advancement is crucial as it addresses the growing need for sustainable solutions in data storage. By investing in cutting-edge technology, Intel aims to solidify its competitive edge and respond to the evolving needs of consumers and businesses alike.

In August 2025, Western Digital (US) launched a new series of SSDs designed specifically for gaming applications, capitalizing on the booming gaming industry. This strategic move not only diversifies Western Digital's product portfolio but also positions the company to capture a significant share of the gaming market, which increasingly demands high-speed and reliable storage solutions. Such targeted product development reflects a broader trend of companies tailoring their offerings to niche markets, thereby enhancing their competitive positioning.

As of November 2025, current trends in the non volatile-memory market are heavily influenced by digitalization, sustainability, and the integration of AI technologies. Strategic alliances are becoming increasingly vital, as companies seek to pool resources and expertise to drive innovation. The competitive landscape is shifting from traditional price-based competition to a focus on technological differentiation and supply chain reliability. This evolution suggests that future competitive advantages will hinge on the ability to innovate and adapt to changing market dynamics, rather than merely competing on cost.

Key Companies in the US Non Volatile Memory Market market include

Industry Developments

The US Non-Volatile Memory Market has recently seen significant developments, particularly with companies like Micron Technology and Kioxia making strides in advanced storage solutions. In July 2023, Micron Technology announced plans to invest $15 billion in expanding its production capacity, which is expected to bolster its market dominance. Similarly, Kioxia continues to innovate with its latest NAND flash storage technologies to meet the growing demand for data storage. In terms of mergers and acquisitions, Western Digital acquired a significant stake in a technology firm specializing in flash memory in March 2023, enhancing its product offerings in the sector.

Companies such as SK Hynix and Intel are also focusing on collaborative partnerships to enhance research and development in memory technology. Overall, the market valuation of Non-Volatile Memory is projected to grow in response to the increasing demand for data centers and high-performance computing solutions, influenced by trends in artificial intelligence and cloud computing. The shift towards more robust and reliable memory solutions underscores a competitive environment among the major players like Samsung, Seagate Technology, and Toshiba, each vying to capture significant market shares in the evolving landscape.

Future Outlook

US Non Volatile Memory Market Future Outlook

The non volatile-memory market is projected to grow at an 8.21% CAGR from 2024 to 2035, driven by advancements in technology and increasing demand for data storage solutions.

New opportunities lie in:

  • Development of high-capacity 3D NAND flash memory solutions.
  • Expansion into automotive applications for enhanced data reliability.
  • Integration of AI-driven analytics for optimized memory management.

By 2035, the non volatile-memory market is expected to achieve substantial growth and innovation.

Market Segmentation

US Non Volatile Memory Market End Use Outlook

  • Personal Use
  • Commercial Use
  • Enterprise Use

US Non Volatile Memory Market Application Outlook

  • Consumer Electronics
  • Automotive
  • Industrial
  • Telecommunications

US Non Volatile Memory Market Storage Type Outlook

  • Embedded Non-Volatile Memory
  • Removable Non-Volatile Memory
  • Non-Volatile Memory Modules

US Non Volatile Memory Market Memory Technology Outlook

  • Flash Memory
  • Magnetoresistive RAM
  • Phase Change Memory
  • Ferroelectric RAM

Report Scope

MARKET SIZE 2024 21.0(USD Billion)
MARKET SIZE 2025 22.72(USD Billion)
MARKET SIZE 2035 50.0(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR) 8.21% (2024 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Billion
Key Companies Profiled Samsung Electronics (KR), Micron Technology (US), SK Hynix (KR), Western Digital (US), Intel Corporation (US), Toshiba Memory Corporation (JP), NXP Semiconductors (NL), STMicroelectronics (FR), Kioxia Holdings Corporation (JP)
Segments Covered Memory Technology, Storage Type, Application, End Use
Key Market Opportunities Advancements in artificial intelligence drive demand for high-performance solutions in the non volatile-memory market.
Key Market Dynamics Technological advancements drive innovation in non volatile-memory solutions, enhancing performance and efficiency across various applications.
Countries Covered US

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FAQs

What is the expected market size of the US Non-Volatile Memory Market in 2024?

The US Non-Volatile Memory Market is expected to be valued at 19.46 USD Billion in 2024.

What will be the market size of the US Non-Volatile Memory Market by 2035?

By 2035, the US Non-Volatile Memory Market is projected to reach 45.64 USD Billion.

What is the expected CAGR for the US Non-Volatile Memory Market from 2025 to 2035?

The market is anticipated to grow at a CAGR of 8.058 percent between 2025 and 2035.

Which memory technology segment holds the largest market share in 2024?

In 2024, Flash Memory dominates the market with a valuation of 10.0 USD Billion.

What are the forecasted values for Magnetoresistive RAM by 2035?

Magnetoresistive RAM is expected to grow to 8.0 USD Billion in 2035.

What is the market value of Ferroelectric RAM in 2024?

Ferroelectric RAM is valued at 3.96 USD Billion in the year 2024.

Who are the major players in the US Non-Volatile Memory Market?

Key players include Advanced Micro Devices, SanDisk, SK Hynix, Intel, and Micron Technology among others.

What is the projected market value for Phase Change Memory in 2035?

The market for Phase Change Memory is expected to reach 7.0 USD Billion by 2035.

How is the US Non-Volatile Memory Market benefiting from emerging trends?

The market is benefiting from trends like increasing data storage needs and advancements in memory technologies.

What challenges does the US Non-Volatile Memory Market currently face?

Challenges include intense competition and ongoing technological advancements that require constant innovation.

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