Phase Change Memory

Global Phase Change Memory Market to Reach US$20.3 Billion by 2030

The global market for Phase Change Memory estimated at US$2.1 Billion in the year 2024, is expected to reach US$20.3 Billion by 2030, growing at a CAGR of 46.5% over the analysis period 2024-2030. Enterprise Storage, one of the segments analyzed in the report, is expected to record a 49.1% CAGR and reach US$14.0 Billion by the end of the analysis period. Growth in the Other Applications segment is estimated at 41.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$555.8 Million While China is Forecast to Grow at 53.0% CAGR

The Phase Change Memory market in the U.S. is estimated at US$555.8 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.5 Billion by the year 2030 trailing a CAGR of 53.0% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 36.3% and 40.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 39.6% CAGR.

Global Phase Change Memory Market - Key Trends & Drivers Summarized

Phase Change Memory (PCM) is an emerging non-volatile memory technology that offers significant advantages over traditional memory types like DRAM and NAND flash. PCM stores data by altering the state of a chalcogenide glass material between its amorphous and crystalline phases, which have distinctly different electrical resistances. This phase change can be triggered by the application of heat through an electrical current. PCM provides several benefits, including faster read and write speeds, higher endurance, and better scalability compared to existing memory technologies. These attributes make PCM a promising candidate for various applications, including data centers, mobile devices, and high-performance computing, where speed, durability, and energy efficiency are critical.

Technological advancements have been crucial in advancing PCM technology and making it commercially viable. Innovations in materials science have led to the development of more stable and efficient phase-change materials, improving the performance and reliability of PCM devices. Advances in fabrication techniques have enabled the scaling down of PCM cells, increasing memory density and reducing production costs. Additionally, integration with existing semiconductor manufacturing processes has facilitated the adoption of PCM in mainstream memory applications. Research into multi-level cell (MLC) PCM, which can store multiple bits per cell by utilizing intermediate resistance states, has further enhanced the storage capacity of PCM. These technological developments are driving the adoption of PCM as a next-generation memory solution.

The growth in the phase change memory market is driven by several factors, including the increasing demand for high-speed and high-density memory solutions, advancements in PCM technology, and the rising need for energy-efficient data storage. The growing data-centric applications, such as artificial intelligence, big data analytics, and IoT, require faster and more reliable memory solutions, driving the demand for PCM. Technological advancements in phase-change materials, cell architecture, and fabrication processes have improved the performance and reduced the costs of PCM, making it a competitive alternative to traditional memory technologies. Additionally, the need for energy-efficient and durable memory solutions in mobile devices and data centers has further fueled the adoption of PCM. Government initiatives and investments in research and development of advanced memory technologies are also contributing to market growth. As the demand for high-performance memory continues to rise, the phase change memory market is expected to expand.

SCOPE OF STUDY:

The report analyzes the Phase Change Memory market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Technology (PCM as DRAM, PCM as SRAM, PCM as Flash Memory, PCM as SCM); Application (Enterprise Storage, Other Applications)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Rest of Europe; Asia-Pacific; Rest of World.

Select Competitors (Total 11 Featured) -

• IBM Corporation
• Samsung Group
• Intel Corporation
• STMicroelectronics NV
• Applied Materials, Inc.
• Taiwan Semiconductor Manufacturing Co., Ltd. (TSMC)
• Western Digital Corporation
• SK Hynix, Inc.
• Om Nanotech Pvt., Ltd.
• Kioxia Holdings Corporation

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.