Tom Coughlin and I are proud to announce that we have released an update of our popular emerging memory report. This report, titled Emerging Memories Ramp Up, covers all leading emerging memory technologies from PCM and 3D XPoint through MRAM and ReRAM to less-known types like carbon nanotubes and polymeric FRAMs.
Anyone who makes or uses memory chips, or who is involved in this ecosystem as an investor or tool supplier needs to read and understand this study to prepare for one of the biggest changes in the history of the chip market. The report’s wealth of information will allow companies to make strategic plans to gain a competitive edge.
The report’s forecast model has determined that the emerging memory market will grow to $20 billion by 2029 largely by displacing today’s less efficient memory technologies like NOR flash and SRAM, and that emerging memories will even displace a share of DRAM sales. These emerging memories will be adopted both as standalone (or discrete) memory chips and as the embedded memories in such chips as microcontrollers, ASICs, and compute processors.
The 171-page in-depth study uses 124 figures and 30 tables to explain the technologies and their outlooks, with high, baseline, and low forecasts for embedded memory on SoCs, stand-alone emerging memory chips like MRAM and ReRAM, and 3D XPoint Memory. These forecasts ae used to drive capital equipment spending forecasts for the new equipment that will be required to support the transition from mainstream to emerging memory technologies.
End applications in the Internet of Things, Hyperscale Computing, In-Memory Computing, Artificial Intelligence and Machine Learning, are all presented with reasons why each might benefit from converting to a new memory technology.
Our forecasts find that 3D XPoint Memory’s sub-DRAM prices will drive that technology’s revenues to over $16 billion by 2029, while stand-alone MRAM and STT-RAM revenues will approach $4 billion — over one hundred seventy times MRAM’s 2018 revenues. Meanwhile, ReRAM and MRAM will compete to replace the bulk of embedded NOR and SRAM in SoCs, to drive even greater revenue growth.
This transition will boost capital spending, increasing the spend for MRAM alone by thirty times to $854 million in 2029.