REPORT HIGHLIGHT
Semiconductor Memory Market size was valued at USD 97,102.1 Million in 2022, expanding at a CAGR of 7.13% from 2023 to 2030.
Semiconductor memory is a sort of digital storage technology found in many electrical gadgets. It stores and retrieves digital information using semiconductor components. These silicon-based components are assembled into integrated circuits that can maintain data even after power is turned off. Semiconductor memory is available in a variety of configurations, including Random Access Memory (RAM) for short-term storage of information and Read-Only Memory (ROM) for long-term information storage. It is essential in modern computing because it allows for rapid and dependable data access, impacting the performance and capacities of electronic devices such as computers, cellphones, and other digital gadgets.
Semiconductor Memory Market- Market Dynamics:
- Rapid advancement in the electronics sector in the form of digitization and automation.
- Rapid expansion in the electronics sector in the form of digitization and automation, as well as the usage of memory-based components in technologically advanced goods including as smartphones, wearable devices, and electronic devices, is fueling market growth globally. The growing use of semiconductor devices in automobiles and electronic systems, such as DRAM and Flash ROM, is a major driver boosting demand for combined gadgets and chips. DRAM and Flash ROM, which are utilized in lighting control and ADAS systems, provide faster performance and improved communication to car systems. The effective memory required for various consumer electronics products such as digital cameras, cellphones, gaming devices, and so on is predicted to drive up need for these memory technologies. According to Ericsson, smartphone shipments might reach 1574.4 million by 2022.
Semiconductor Memory Market- Key Insights:
- As per the analysis shared by our research analyst, the global Semiconductor Memory market is estimated to grow annually at a CAGR of around 7.13% over the forecast period (2023-2030)
- The Semiconductor Memory industry is projected to grow at a significant rate due to the rapid advancement in the electronics sector in the form of digitization and automation
- Based on type segmentation, DRAM were predicted to show maximum market share in the year 2022
- Based on application segmentation, consumer electronics was the leading type in 2022
- On the basis of region, Asia Pacific was the leading revenue generator in 2022
Semiconductor Memory Market- Segmentation Analysis:
- The Global Semiconductor Memory Market is segmented on the basis of Type, Application, and Region.
- The market is divided into categories based on Type: MRAM, SRAM, Flash ROM, DRAM, and Others. The PP granules sector dominates the market. The increasing integration of electronic parts in automobiles is likely to open up new prospects for businesses in the DRAM semiconductor memory market. DRAM memory, which is utilized in ADAS and lighting control, provides enhanced connection and speed to car systems. Furthermore, in order to meet the rising demand in the automobile sector, various market participants are offering automobile semiconductor memory chips.
- The market is divided into categories based on application: IT & telecommunication, consumer electronics, industrial, automotive, medical, aerospace & defense, and others. Due to the increased usage of semiconductor memory in wearable gadgets, smartphones, and tablets throughout the world, the consumer electronics sector is expected to offer considerable development prospects for all value chain stakeholders. Semiconductor memory has several benefits such as expanded storage, enhanced volatile memory, high durability, and low power consumption, which has led to growing acceptance of the part in the consumer electronics sector.
Semiconductor Memory Market- Geographical Insights:
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Asia Pacific is expected to grow. Rising data center investments in nations such as Singapore, India, and Indonesia have contributed to the region's increasing demand for semiconductor memory.
Semiconductor Memory Market- Competitive Landscape:
Companies sell their products through a variety of channels, including corporate websites, e-commerce websites, retailers, distributors, and end consumers. Products makers compete on a variety of aspects, including product costs, performance, product making, technology, reputation, and availability. Some of the primary techniques used by corporations to strengthen their reach and expand their market share include new product launches, distribution network development, R&D spending, and mergers and acquisitions. For instance, In May 2023, Samsung Electronics stated that mass manufacturing of its new 3-nanometer (nm) DRAM chips has commenced. These chips are the world's first to use the 3nm technology, and they provide considerable power and performance efficiency advantages over prior generations.
Recent Developments:
In March 2022, Kioxia Corporation announced plans to develop a cutting-edge new fabrication plant at its Kitakami Plant in Japan in anticipation for prospective expansion in the manufacturing of its proprietary 3D Flash memory BiCSFLASHTM. The construction of this facility is scheduled to begin in April 2022 and be completed in 2023.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL SEMICONDUCTOR MEMORY MARKET KEY PLAYERS
- 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
- Intel
- Toshiba Corporation
- Western Digital Corporation
- Kingston Technology Company, Inc.
- Qimonda AG
GLOBAL SEMICONDUCTOR MEMORY MARKET, BY TYPE
- MRAM
- SRAM
- Flash ROM
- DRAM
- Others
GLOBAL SEMICONDUCTOR MEMORY MARKET, BY APPLICATION
- IT & Telecommunication
- Consumer Electronics
- Industrial
- Automotive
- Medical
- Aerospace & Defense
- Others
GLOBAL SEMICONDUCTOR MEMORY MARKET, BY REGION
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA