According to recent industry insights, the global non-volatile memory (NVM) market, which was valued at USD 81.47 billion in 2023, is projected to reach over USD 180 billion by 2031, growing at a CAGR of 10.40% during the forecast period (2024–2031). The market is experiencing robust growth driven by technological advancements in flash memory, increasing adoption of solid-state storage devices, and the expanding scope of embedded systems across automotive, industrial, and consumer electronics sectors.
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