Semiconductor Memory Market Size USD 134.95 Billion by 2027


The global semiconductor memory market size is expected to be worth around USD 134.95 billion by 2027, according to new report study by Precedence Research.

The global semiconductor memory market was valued at more than USD 90 billion in 2019 and poised to grow at a compound annual growth rate (CAGR) of around 6.1% during the forecast period 2020 to 2027.

A recent study by Precedence Research on the semiconductor memory market offers a forecast for 2021 and 2027. The study analyzes crucial trends that are currently determining the growth of the semiconductor memory market. This report explicates on vital dynamics such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of semiconductor memory. The study also provides the dynamics that are responsible for influencing the future status of the semiconductor memory market over the forecast period.

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A detailed assessment of the semiconductor memory market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the semiconductor memory market along with their product portfolio enhances the reliability of this comprehensive research study.

Report Highlights

  • The Asia Pacific led the global semiconductor memory market with more than 45% of market value share in the year 2019. This is attributed to the increasing data center investments in countries such as Singapore, India, and Indonesia, thus create prominent demand for semiconductor memory in the region.
  • North America seeks to be the most opportunistic region during the forecast period, followed by Europe. Rising investment for research & development activities by the companies along with the significant presence of major market players that are dedicated towards the development of new technologies propel the growth of the region significantly.
  • The Dynamic Random Access Memory (DRAM) segment captured the major market revenue share of more than 45%. The growth is attributed to the increasing computing capabilities with the implementation of Artificial Intelligence (AI) in laptops, smartwatches, and smartphones that require compatible memory solutions.
  • By application, consumer electronics dominated the global semiconductor memory market and accounted for nearly 35% of market value share in the year 2019. The segment anticipated to offer alluring growth opportunities for all the market players involved in the value chain on the account of rising application of semiconductor memory in wearable devices, smartphones, and tablets across the globe.
  • The automotive application anticipated to register considerable growth rate over the analysis period. The growth of the segment is attributed to the rising adoption of advanced safety systems in automobiles such as advanced driver-assistance systems (ADAS), lighting, airbags, and breaking that use large amount of sensors and Engine Control Units (ECUs).

Regional Snapshots

In 2019, the Asia Pacific accounted for the highest market value share with more than 45% in the global semiconductor memory market. This is impelled by the increasing production consumer electronics and memory solutions in India, China, and South Korea. Further, several companies are operating in the region that include Samsung, SK Hynix, Nanya Technologies, Inc., Toshiba Corporation, and many more that focus mainly on the product innovation and development. In addition, increasing investment in data center in Asian countries such as Singapore, India, and Indonesia are expected to create alluring growth opportunity for the semiconductor memory market in the region. For instance, in September 2017, Inc. invested USD 924 Million in Indonesia for data center facilities over the coming ten years. The company also planned to introduce its cloud computing unit in the Indonesian market.

Besides this, North America seeks to be the most lucrative region in the global semiconductor memory market over the forecast period. Integration of advanced electronic devices in the automotive sector along with rising investment in research & development are the major factors attributed towards the growth of the region.

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In this study, the years considered to estimate the market size of semiconductor memory are as follows:

  • History Year: 2016-2019
  • Base Year: 2020
  • Estimated Year: 2021
  • Forecast Year 2021 to 2027

Report Summary

The study offers a comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the semiconductor memory market across the globe.

A comprehensive estimate on the semiconductor memory market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of semiconductor memory during the forecast period. Price point comparison by region with global average price is also considered in the study.

Market Size Evaluation

The semiconductor memory market has been analyzed for each market segment in terms of volume (kilo tons) and value (US$ Bn).

Market estimates at global and regional levels for semiconductor memory are available in terms of “US$ Bn” for value and in “kilo tons” for volume. A Y-o-Y growth contrast on prominent semiconductor memory market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global Semiconductor memory market.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the semiconductor memory market report, which have helped deliver projections on regional markets. These chapters include regional macros (political economic and business environment outlook), which are expected to have a momentous influence on the growth of semiconductor memory market during the forecast period.

Country-specific valuation on demand for semiconductor memory has been offered for each regional market, along with market scope estimate sand forecasts, price index, and impact analysis of dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value & volume for emerging countries has also been included in the report.

In-Depth Analysis on Competitive Landscape

The report sheds light on leading manufacturers of semiconductor memory, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the production of semiconductor memory has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolio, key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting market status and predicting the competition level in the semiconductor memory market.

Some of the prominent players in the semiconductor memory market include:

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

Segments Covered in the Report

By Type

  • Flash ROM
  • MRAM
  • SRAM
  • DRAM
  • Others

By Application

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

By Regional Outlook

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

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