Global Phase Change Memory Market to Reach US$2,938.4 Million by 2030
Key Highlights :
The global market for Phase Change Memory (PCM) is estimated to reach US$678.6 Million in the year 2022 and is projected to reach a revised size of US$2,938.4 Million by 2030, growing at a CAGR of 50.5% over the analysis period 2022-2030. The market in the U.S. is estimated at US$151.2 Million in the year 2022 and is forecast to reach a projected market size of US$1,153.4 Million by the year 2030 trailing a CAGR of 59.9% over the analysis period 2022 to 2030.
The report "Phase Change Memory: Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering. This report provides a comprehensive analysis of the global PCM market, including market trends, drivers, restraints, market share analysis, competitive analysis, and product segmentation. It also provides a detailed analysis of the regional markets, including the U.S., Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World.
PCM is a type of non-volatile memory that uses the resistance change of a material to store data. It is a promising alternative to the existing DRAM and SRAM memory technologies. PCM offers faster read and write speeds, higher endurance, and higher data density compared to other memory technologies. These features make PCM attractive for use in applications such as high-performance computing, artificial intelligence, and data centers.
The PCM market is being driven by the increasing demand for high-performance computing applications, the growing demand for low-power, high-density memory solutions, and the increasing adoption of PCM in data centers. The increasing demand for artificial intelligence applications and the development of advanced PCM technologies are also expected to drive the market in the coming years.
The PCM market is segmented into DRAM, SRAM, and Others. The DRAM segment is projected to record a 52.7% CAGR and reach US$2,811.2 Million by the end of the analysis period. The SRAM segment is readjusted to a revised 50.4% CAGR for the next 8-year period.
The major players in the market are Intel Corporation, Samsung Electronics Co. Ltd., Micron Technology, Inc., SK Hynix Inc., Macronix International Co. Ltd., Fujitsu Limited, and Toshiba Corporation.
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