| Product Code: ETC5561149 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Grenada continued to witness a significant influx of non-volatile memory imports, with the USA, China, Costa Rica, Mexico, and Trinidad and Tobago emerging as the top exporting countries. Despite the high Herfindahl-Hirschman Index (HHI) indicating concentrated market share, the industry saw impressive growth, with a compound annual growth rate (CAGR) of 8.07% from 2020 to 2024. The exceptional growth rate of 120.02% from 2023 to 2024 underscores the expanding demand for non-volatile memory in Grenada, reflecting a promising trend for market players.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Grenada Non-Volatile Memory Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Non-Volatile Memory Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Non-Volatile Memory Market - Industry Life Cycle |
3.4 Grenada Non-Volatile Memory Market - Porter's Five Forces |
3.5 Grenada Non-Volatile Memory Market Revenues & Volume Share, By Type , 2021 & 2031F |
3.6 Grenada Non-Volatile Memory Market Revenues & Volume Share, By Wafer Size , 2021 & 2031F |
3.7 Grenada Non-Volatile Memory Market Revenues & Volume Share, By End-User , 2021 & 2031F |
4 Grenada Non-Volatile Memory Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for data storage solutions in various sectors such as automotive, consumer electronics, and healthcare. |
4.2.2 Technological advancements leading to the development of more efficient and high-capacity non-volatile memory solutions. |
4.2.3 Growing adoption of Internet of Things (IoT) devices and smart gadgets, driving the need for non-volatile memory in these devices. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting the manufacturing costs of non-volatile memory products. |
4.3.2 Competition from alternative storage technologies like cloud storage and solid-state drives. |
4.3.3 Regulatory challenges related to data privacy and security impacting the adoption of non-volatile memory solutions. |
5 Grenada Non-Volatile Memory Market Trends |
6 Grenada Non-Volatile Memory Market Segmentations |
6.1 Grenada Non-Volatile Memory Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Non-Volatile Memory Market Revenues & Volume, By Traditional, 2021-2031F |
6.1.3 Grenada Non-Volatile Memory Market Revenues & Volume, By Emerging, 2021-2031F |
6.2 Grenada Non-Volatile Memory Market, By Wafer Size |
6.2.1 Overview and Analysis |
6.2.2 Grenada Non-Volatile Memory Market Revenues & Volume, By 200 mm, 2021-2031F |
6.2.3 Grenada Non-Volatile Memory Market Revenues & Volume, By 300mm, 2021-2031F |
6.3 Grenada Non-Volatile Memory Market, By End-User |
6.3.1 Overview and Analysis |
6.3.2 Grenada Non-Volatile Memory Market Revenues & Volume, By Consumer Electronics, 2021-2031F |
6.3.3 Grenada Non-Volatile Memory Market Revenues & Volume, By Enterprise Storage, 2021-2031F |
6.3.4 Grenada Non-Volatile Memory Market Revenues & Volume, By Automotive & Transportation, 2021-2031F |
6.3.5 Grenada Non-Volatile Memory Market Revenues & Volume, By Military & Aerospace, 2021-2031F |
6.3.6 Grenada Non-Volatile Memory Market Revenues & Volume, By Industrial, 2021-2031F |
6.3.7 Grenada Non-Volatile Memory Market Revenues & Volume, By Telecommunication, 2021-2031F |
6.3.8 Grenada Non-Volatile Memory Market Revenues & Volume, By Healthcare, 2021-2031F |
6.3.9 Grenada Non-Volatile Memory Market Revenues & Volume, By Healthcare, 2021-2031F |
7 Grenada Non-Volatile Memory Market Import-Export Trade Statistics |
7.1 Grenada Non-Volatile Memory Market Export to Major Countries |
7.2 Grenada Non-Volatile Memory Market Imports from Major Countries |
8 Grenada Non-Volatile Memory Market Key Performance Indicators |
8.1 Average selling price (ASP) per unit of non-volatile memory products. |
8.2 Adoption rate of non-volatile memory solutions in emerging markets. |
8.4 Number of patents filed for innovative non-volatile memory solutions. |
8.5 Energy efficiency improvements in non-volatile memory products. |
9 Grenada Non-Volatile Memory Market - Opportunity Assessment |
9.1 Grenada Non-Volatile Memory Market Opportunity Assessment, By Type , 2021 & 2031F |
9.2 Grenada Non-Volatile Memory Market Opportunity Assessment, By Wafer Size , 2021 & 2031F |
9.3 Grenada Non-Volatile Memory Market Opportunity Assessment, By End-User , 2021 & 2031F |
10 Grenada Non-Volatile Memory Market - Competitive Landscape |
10.1 Grenada Non-Volatile Memory Market Revenue Share, By Companies, 2024 |
10.2 Grenada Non-Volatile Memory Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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