Emerging Memory Market to Hit $36 Billion by 2030

A compass dial overlaid on tp of a silicon wafer full of memory chipsThe Memory Guy is pleased to announce the release of a new report co-authored by Objective Analysis and Coughlin Associates named: Emerging Memories Find Their Direction.  In this report we show that emerging memories, MRAM, ReRAM, 3D XPoint, and other technologies are well on their way to reach $36 billion of combined revenues by 2030.

The report provides invaluable guidance to companies that participate in the memory markets, to foundries, and to others who could be left behind if caught unaware of the current transition from existing products to emerging memories.

Chip users will also be impacted since high-speed nonvolatile emerging memories will change the architectures that system designers and SoC users are already working on to improve power consumption and system responsiveness.  These new memories will drive fundamental changes to the way the market uses and profits from technology to provide a significant competitive advantage to early adopters.

Today’s entrenched technologies, NOR flash, SRAM, and DRAM, will be displaced by these new memories to foster this rapid growth to the $36 billion level as existing markets are cannibalized.  Not only will standalone memory chips be replaced by new memories, but embedded memories within microcontrollers, ASICs, and even compute processors will also convert to new technologies as older technologies fail to migrate to advanced process geometries.

These emerging memory technologies have already caught engineers’ interest and are today being designed into in all types of systems.  These technologies have already  found homes in chips for the Internet of Things and AI where they serve as embedded memories.  They are also being used as stand-alone or discrete memory chips in larger systems whose architectures have already begun to change to adopt this improved alternative to established technologies.

3D XPoint memory, sold as Optane, will use sub-DRAM prices to grow to 2030 revenues of over $25 billion, while stand-alone toggle MRAM and STT-RAM revenues will grow to more than $10 billion, or nearly 300 times 2019’s MRAM revenues.  ReRAM and MRAM will also compete to displace embedded NOR and SRAM in SoCs, resulting in even more emerging memory revenue growth.

Manufacturing Equipment Revenue about $696M

This challenging industry-wide transition will require the use of new materials and processes to drive wafer fabs to change their tool complements.  This will open up new opportunities for capital equipment suppliers as they accommodate the ensuing capital spending surge.  MRAM manufacturing equipment revenues will grow to $696 million in 2030, or sixteen times its 2019 total of $44 million.

About the Report

The new report: Emerging Memories Find Their Direction explores MRAM, ReRAM, PCM, and FRAM, along with numerous less-developed technologies, and explains the competitive strengths, weaknesses, and process characteristics of each.  It provides company profiles for each of nearly 100 companies, explaining how they plan to address this phenomenal market shift.  This comprehensive tally includes semiconductor manufacturers, IP developers, foundries, and tool makers, to cover every aspect of the semiconductor business.

This in-depth 203-page study includes 142 figures, 31 tables, and ten-year forecasts for embedded memory on SoCs, and discrete emerging memory chips like MRAM and 3D XPoint memory.  From these it projects capital equipment spending for the new tools required to support this important transition.

It was compiled using interviews with key players, deep first-source investigation of important research, and existing well-established forecasting techniques for memory chips and foundry wafers.

For more information, and to purchase the report for immediate download, please visit: