India Next Generation Memory Market Size & Outlook

The next generation memory market in India is expected to reach a projected revenue of US$ 545.9 million by 2030. A compound annual growth rate of 19.2% is expected of India next generation memory market from 2024 to 2030.
Revenue, 2023 (US$M)
$159.7
Forecast, 2030 (US$M)
$545.9
CAGR, 2024 - 2030
19.2%
Report Coverage
India

India next generation memory market highlights

  • The India next generation memory market generated a revenue of USD 159.7 million in 2023 and is expected to reach USD 545.9 million by 2030.
  • The India market is expected to grow at a CAGR of 19.2% from 2024 to 2030.
  • In terms of segment, non-volatile was the largest revenue generating technology in 2023.
  • Non-Volatile is the most lucrative technology segment registering the fastest growth during the forecast period.

Next generation memory market data book summary

Market revenue in 2023USD 159.7 million
Market revenue in 2030USD 545.9 million
Growth rate19.2% (CAGR from 2023 to 2030)
Largest segmentNon-volatile
Fastest growing segmentNon-Volatile
Historical data2017 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationVolatile, Non-Volatile
Key market players worldwideSamsung Electronics Co Ltd, Micron Technology Inc, Fujitsu Ltd, SK Hynix Inc DR, Honeywell International Inc, Microchip Technology Inc, Everspin Technologies Inc, Infineon Technologies AG, KIOXIA, Kingston

Other key industry trends

  • In terms of revenue, India accounted for 2.0% of the global next generation memory market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China next generation memory market is projected to lead the regional market in terms of revenue in 2030.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 545.9 million by 2030.

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Next Generation Memory Market Companies

Name Profile # Employees HQ Website

India next generation memory market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to next generation memory market will help companies and investors design strategic landscapes.


Non-volatile was the largest segment with a revenue share of 76.27% in 2023. Horizon Databook has segmented the India next generation memory market based on volatile, non-volatile covering the revenue growth of each sub-segment from 2017 to 2030.


  • India Next Generation Memory Technology Outlook (Revenue, USD Million, 2017-2030)
    • Volatile
      • SRAM
      • Magneto-Resistive Random-Access Memory (MRAM)
      • Ferroelectric RAM (FRAM)
      • Resistive Random-Access Memory (ReRAM)
      • Nano RAM
      • Other (Phase change RAM & STT-RAM)
    • Non-Volatile
      • Hybrid Memory Cube (HMC)
      • High-bandwidth Memory (HBM)
  • India Next Generation Memory Wafer Size Outlook (Revenue, USD Million, 2017-2030)
    • 200 mm
    • 300 mm
  • India Next Generation Memory Application Outlook (Revenue, USD Million, 2017-2030)
    • BFSI
    • Consumer Electronics
    • Government
    • Telecommunications
    • Information Technology
    • Others

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Horizon Databook provides a detailed overview of country-level data and insights on the India next generation memory market , including forecasts for subscribers. This country databook contains high-level insights into India next generation memory market from 2017 to 2030, including revenue numbers, major trends, and company profiles.

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India next generation memory market size, by technology, 2017-2030 (US$M)

India Next Generation Memory Market Outlook Share, 2023 & 2030 (US$M)

India next generation memory market size, by technology, 2017-2030 (US$M)

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