Semiconductor Memory Market

Semiconductor Memory Market to Hit $135 Billion By 2030

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The global Semiconductor Memory market size is expected to be worth around US$ 135 billion by 2030, according to a new report by Vision Research Reports.

The global Semiconductor Memory market size was valued at US$ 85.70 billion in 2020 and is anticipated to grow at a CAGR of 6.5% during forecast period 2021 to 2030.

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Growth Factors

The market is expected to witness an increase in demand at the global level owing to the growing use of semiconductor components in various industries, such as automotive, and IT, and telecom. Semiconductor memory is an electronic device used as a computer memory in which digital information is maintained by using IC (Integrated Circuit) technology. Moreover, these memories are classified on the basis of the type of data storage and data access, such as volatile RAM (Random Access Memory) and non-volatile ROM (Read Only Memory).

Growing adoption of semiconductor memory chips in healthcare applications is expected to drive the market over the forecast period. The semiconductor SRAM memory chip is specifically designed for implantable medical applications, such as Bio-sensor(s) or bio transducers and portable Patient Vital Signs Monitor. This chip consumes less power, facilitates more accurate clinical diagnoses, and can be optimized for ultra-low-power operation.

Report Highlights

The dynamic random access memory (DRAM) segment held the largest market share of more than 45.2% in 2019. The growth is attributed to growing computing capabilities with Artificial Intelligence (AI) in smartwatches, laptops, and smartphones requiring compatible memory solutions.

In 2019, the consumer electronics segment accounted for the largest market share of more than 34% of the global revenue. The consumer electronics vertical is anticipated to offer significant growth opportunities for all the players involved in the value chain on the back of increasing the use of semiconductor memory in smartphones, wearable devices, and tablets across the globe.

The automotive segment is expected to witness considerable growth over the forecast period. The growth is attributed to the growing adoption of advanced safety systems in automobiles, such as airbags, lighting, advanced driver-assistance systems (ADAS), and braking, which use several sensors and Engine Control Units (ECUs).

Furthermore, the in-vehicle communication system is calling for non-volatile memory, such as flash ROM. This flash ROM helps in creating efficient wireless connections and storing numerous security certificates. In recent years, semiconductor memory manufacturers are focusing on manufacturing products depending on the requirements of automobile manufacturers to gain a competitive edge in the market.

Asia Pacific held the largest share of more than 45.1% in 2019. The growth is attributed to rising data center investments in countries, including India, Singapore, and Indonesia, thus creating a high demand for semiconductor memory in the region.

North America is anticipated to emerge as the fastest-growing regional market over the forecast period, followed by Europe. Before the COVID-19 outbreak, U.S., Germany, France, U.K., and Italy were expected to witness the highest growth in the region on account of rising research & development (R&D) activities by companies and presence of large market players dedicated to developing new technologies.

New product development and expansion remain the key strategies among the leading manufacturers in the market.

Key Players

  • Integrated Silicon Solution Inc.
  • Micron Technology
  • Macronix International Co., Ltd.
  • Samsung Electronics
  • SK Hynix
  • Taiwan Semiconductor
  • Texas Instruments
  • Toshiba
  • Cypress Semiconductor Corporation
  • IBM

Market Segmentation

Semiconductor Memory Type Outlook

  • SRAM
  • MRAM
  • DRAM
  • Flash ROM
  • Others

Semiconductor Memory Application Outlook 

  • Consumer Electronics
  • IT & Telecommunication
  • Automotive
  • Industrial
  • Aerospace & Defense
  • Medical
  • Others

Semiconductor Memory Regional Outlook

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • South America
    • Brazil
  • Middle East & Africa

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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