Emerging memories have started a growth surge and should climb to become about a $44 billion market by 2032. That’s the finding of a newly-released report by Objective Analysis and Coughlin Associates: Emerging Memories Enter the Next Phase.

“This is the semiconductor market to watch over the next decade,” said Dr. Thomas Coughlin, President of Coughlin Associates. “Those who play a part in this market can plan for significant growth.”

Memory makers and foundries aren’t the only companies who need to consider their participation, if they don’t want to be left behind by this transition. Designers and users of SoCs are already incorporating these new nonvolatile memories into leading-edge designs to achieve much more competitive power consumption and system responsiveness. Those who embrace this approach will enjoy a profound market advantage.

The emerging memory market will grow to this $44 billion level initially by displacing current technologies including NOR flash, SRAM, and DRAM. New memories will replace both standalone memory chips and embedded memories within microcontrollers, ASICs, and even compute processors, after which they will grow to create new markets of their own.

“Designers of all types of systems are finding that emerging memories provide new advantages that were previously unavailable,” said Jim Handy, General Director of Objective Analysis. “The Internet of Things will be revolutionized as new embedded memory types slash power consumption. Larger systems are already changing their architectures to adopt persistent memories to improve latency and data integrity.”

The report explains how standalone MRAM and STT-RAM revenues will grow to about $1.4 billion, or over thirty times 2021’s standalone MRAM revenues. Meanwhile, embedded ReRAM and MRAM will compete to replace the bulk of embedded NOR and SRAM in SoCs, fueling even greater revenue growth.

“Many of these emerging memory types require new tooling to support different materials and processes, and this will provide a growth boost for the capital equipment market,” added Dr. Coughlin, pointing out that the industry’s migration to emerging memory technologies will launch a solid increase in capital equipment spending. “Total MRAM manufacturing equipment revenue will grow to over forty-nine times its 2021 total to reach about $1.5 billion in 2032.”

This extensive report examines not only PCM, ReRAM, FRAM and MRAM, but also a variety of less mainstream technologies, explaining each one’s competitive strengths and weaknesses. A long list of company profiles details each participant, to explain how they are addressing this revolutionary market shift. This very thorough list includes chip makers, technology licensors, foundries, production tool makers, and research consortia, touching all aspects of the semiconductor business.

This 241-page in-depth publication clearly documents the market with its 159 figures and 36 tables, and high, baseline, and low forecasts for embedded memory on SoCs, stand-alone emerging memory chips, and capital equipment spending forecasts for the new tooling that will be required to support this transition.

By: DocMemory
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