3D XPoint Technology Market – Overview
The global 3D XPoint technology market is showing immense growth; mainly due to increased durability, great performance, and large storage capacity. Also, in comparison with the presently available non-volatile storage devices, 3D Xpoint offers low cost storage. 3D Xpoint technology is 1,000 times faster than NAND and also possesses 1,000 times greater endurance as compared to NAND. 3D Xpoint is considered to be a breakthrough technology which delivers game-changing performance for memory and storage solutions that enable processing of entirely new applications.
The technology was unveiled by Intel and Micron in 2015, which was the first new memory category created almost after 25 years. Intel had announced Optane brand for storage products based on 3D XPoint technology. Intel’s Optane provides an unparalleled combination of high throughput, low latency, high quality of service, and high endurance. Technological advancements have played a major role in the development of 3D Xpoint Technology Market. Steep increase in the adoption of 3D XPoint technology applications is one major factor driving the growth of 3D XPoint technology market. Intel Corporation and Micron Technology are the major investors in the 3D XPoint technology market.
By end user, the consumer electronics sub segment is expected to grow at the highest rate during the forecast period in the global 3D XPoint technology market. This is owing to the increasing demand for high storage memory applications in the consumer electronics sector. According to a recent study report published by Market Research Future, the global market of 3D XPoint technology is booming and expected to gain prominence over the forecast period. The 3D XPoint Technology Market is expected to grow at USD ~5.0 Billion by 2022, at ~13.5% of CAGR between 2016 and 2022.
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Industry News
April 2018 – Micron has expanded 3D NAND flash memory fab in Singapore. The company is adding a new facility to its existing 12-inch wafer plant for the manufacture of NAND flash memory in Singapore. The new facility is expected to come online by the end of 2019.
April 2018 – Intel has launched Optane relevant for PC gamers with data drive acceleration. The company has officially announced its mainstream Optane product, built around 3D XPoint technology, the Optane SSD 800P, which is designed to sit below its enthusiast Optane SSD 900P.
3D XPoint technology Market – Competitive Analysis
The market of 3D XPoint technology appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms.
IM Flash (U.S.), Intel Corporation (U.S.), Micron Technology, Inc. (U.S.), Numonyx B.V. Ltd, (Switzerland), Samsung Group (South Korea)., SK Hynix, Inc. (South Korea), Western Digital Corporation (U.S), SanDisk Corporation (U.S.), Mushkin Inc. (U.S), Kingston Technology Corporation (U.S.), Qimonda AG (Germany), and Toshiba Corporation (Japan) among others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global 3D XPoint technology Market.
3D XPoint technology Market – Segmentation
Segmentation by Storage Type: 750 GB and 5 TB
Segmentation by End User: Consumer electronics, Enterprise Storage, Automotive & Transportation, Military & Aerospace, Telecommunication, Energy & Power, Healthcare, Agricultural, Retail and Others
Segmentation by Region: North America, Europe, Asia Pacific and Rest of the World.
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3D XPoint Technology Market – Regional Analysis
North America is expected to witness a significant growth and hold the largest market share during the forecast period. U.S and Canada are anticipated to drive the growth of the 3D XPoint technology market in North America owing to the presence of a large number of established key players such as IM Flash, Intel Corporation, Micron Technology, Inc., Western Digital Corporation, SanDisk Corporation, Mushkin Inc., and Kingston Technology Corporation among others. Also, U.S. is leading the market in North America due to the technological advancements and increasing demand for consumer electronics in the region. 3D XPoint technology market in Asia Pacific is expected to grow at a substantial CAGR during 2017 to 2023 owing to growing demand for electronics with high processing capacity and increased urbanization in China, Japan, and India in the region. Whereas, the Europe market for 3D XPoint technology is expected to grow at a considerable CAGR (2017-2023).
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