PUBLISHER: Grand View Research | PRODUCT CODE: 1363434
PUBLISHER: Grand View Research | PRODUCT CODE: 1363434
Semiconductor Memory Market Size, Share & Trends Analysis Report By Type (SRAM, MRAM, DRAM, Flash ROM, Others), By Application, By Regional Outlook, Competitive Strategies, And Segment Forecasts, 2023 - 2030
Semiconductor Memory Market Growth & Trends:
The global semiconductor memory market size is expected to reach USD 240.66 billion by 2030, expanding at a CAGR of 11.6% from 2023 to 2030,according to a new report by Grand View Research, Inc..
The DRAM (Dynamic Random-Access Memory) chip holds a prominent position in consumer electronics. Designed to support high-speed data access and rapid multitasking, the DRAM chip has become indispensable in powering modern consumer electronic devices. The DRAM chip's lightning-fast data access speed for consumer electronics is a critical advantage. It enables smooth and seamless user experiences, making devices highly responsive and efficient. Whether it's smartphones, laptops, gaming consoles, or smart home devices, the DRAM chip plays a vital role in enhancing overall performance.
As the consumer electronics market continues to thrive with the proliferation of smart devices and digital technologies, the demand for DRAM memory chips is expected to soar, creating significant business opportunities in this segment. The use of semiconductor memory chips in industrial applications has become widespread, driven by the growing adoption of Internet of Things (IoT) technology in smart devices and cameras. This trend is expected to fuel the demand for non-volatile memory products in the market. Moreover, the rapid technological advancements in industrial applications, particularly with big data and Artificial Intelligence (AI) integration, are driving the need for faster processing and higher information storage capacities. As a result, the demand for memory chips is set to rise, supporting overall market growth.
Another significant opportunity for players in the DRAM market comes from the increasing integration of electronic components in automobiles and the continuous improvement of automotive systems. This trend is further boosting the demand for memory chips. Notably, the Asia Pacific region is crucial to substantial market growth. The region benefits from a competitive advantage in the semiconductor industry compared to North America, thanks to the availability of components at a lower cost and abundant raw materials. Moreover, the increasing production of memory chips and the rising penetration of high-tech gadgets in the Asia Pacific market are contributing factors to the region's impressive growth in this industry.
The market is highly competitive. Major players are investing in Research & Development (R&D) to drive innovation. Some prominent players in the market include Micron Technology; Integrated Silicon Solution Inc.; Macronix International Co., Ltd.; and Samsung Electronics, among others. These key players are adopting different development strategies such as product launches, mergers & acquisitions, and others to expand their presence and market share in the market. Along with key strategies, these players are introducing new features to improve the customer experience.
In June 2023, Micron Technology, Inc. announced expanding its NAND and DRAM test and assembly facility in India. This state-of-the-art facility will serve as a vital manufacturing hub for DRAM and NAND products, catering to the surging demand from domestic and international markets. Micron's commitment to sustainability is evident, as the company aims to align the facility's construction and operation with its environmental goals and global commitments.
By establishing this advanced assembly and test facility in Gujarat, Micron is poised to enhance its manufacturing capabilities and strengthen its position in the semiconductor market. The strategic location in India allows the company to tap into the growing demand for memory products and meet the needs of customers in both local and international markets.
Semiconductor Memory Market Report Highlights:
- The market is anticipated to witness substantial growth during the forecast period, owing to the rising adoption in various industries, including automotive, consumer electronics, and IT & telecom, among others
- The dynamic random-access memory (DRAM) segment accounted for the highest market share, owing to the increasing usage of computing capabilities with AI in smartphones, smartwatches, and wearable devices, which, as a result, increases the demand for DRAM
- The consumer electronics industry held with the largest market share, owing to the rising demand for semiconductor memory chips due to the adoption of wearable devices in hospitality services and healthcare applications, such as chronic disease management, fitness monitoring, and heart care monitoring
- Key players in the market include Integrated Silicon Solution Inc., Micron Technology, Macronix International Co., Ltd., Samsung Electronics, SK Hynix, Taiwan Semiconductor, Texas Instruments, and Toshiba, among others. New product development and expansion remains the premiere/key/major strategy adopted by the leading manufacturers in the market
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.4. Research Assumptions
- 1.5. List of Data Sources
- 1.5.1. Secondary Sources
- 1.5.2. Primary Sources
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segmental Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, & Scope Outlook
- 3.1. Market Lineage Outlook
- 3.2. Semiconductor memory Market Value Chain Analysis
- 3.3. Semiconductor memory Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint/Challenge Analysis
- 3.3.3. Market Opportunity Analysis
- 3.4. Industry Analysis - Porter's Five Forces Analysis
- 3.4.1. Supplier Power
- 3.4.2. Buyer Power
- 3.4.3. Substitution Threat
- 3.4.4. Threat of New Entrants
- 3.4.5. Competitive Rivalry
- 3.5. Semiconductor memory Market PESTEL Analysis
- 3.5.1. Political Landscape
- 3.5.2. Economic Landscape
- 3.5.3. Social Landscape
- 3.5.4. Technology Landscape
- 3.5.5. Environmental Landscape
- 3.5.6. Legal Landscape
- 3.6. Impact of COVID-19 on the Semiconductor memory Market
Chapter 4. Semiconductor memory Market Component Outlook
- 4.1. Semiconductor memory Market, By Component Analysis & Market Share, 2022 & 2030
- 4.2. SRAM
- 4.2.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.2.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
- 4.3. MRAM
- 4.3.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.3.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
- 4.4. DRAM
- 4.4.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.4.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
- 4.5. Flash ROM
- 4.5.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.5.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
- 4.6. Others
- 4.6.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.6.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
Chapter 5. Semiconductor memory Market Application Outlook
- 5.1. Semiconductor memory Market, By Application Analysis & Market Share, 2022 & 2030
- 5.2. Consumer Electronics
- 5.2.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.2.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
- 5.3. IT & Telecommunication
- 5.3.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.3.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
- 5.4. Automotive
- 5.4.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.4.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
- 5.5. Industrial
- 5.5.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.5.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
- 5.6. Aerospace & Defense
- 5.6.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.6.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
- 5.7. Medical
- 5.7.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.7.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
- 5.8. Others
- 5.8.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.8.2. Market estimates and forecasts, By Region, 2017 - 2030 (USD Million)
Chapter 6. Semiconductor memory Market: Regional Estimates & Trend Analysis
- 6.1. Semiconductor memory Market Share by Region, 2022 & 2030
- 6.2. North America
- 6.2.1. Market estimates and forecasts, 2017 - 2030
- 6.2.2. Market estimates and forecasts, By Type, 2017 - 2030 (USD Million)
- 6.2.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
- 6.2.4. U.S.
- 6.2.4.1. Market estimates and forecasts, By Type, 2017 - 2030 (USD Million)
- 6.2.4.2. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
- 6.2.5. Canada
- 6.2.5.1. Market estimates and forecasts, By Type, 2017 - 2030 (USD Million)
- 6.2.5.2. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
- 6.2.6. Mexico
- 6.2.6.1. Market estimates and forecasts, By Type, 2017 - 2030 (USD Million)
- 6.2.6.2. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
- 6.3. Europe
- 6.3.1. Market estimates and forecasts, 2017 - 2030
- 6.3.2. Market estimates and forecasts, By Type, 2017 - 2030 (USD Million)
- 6.3.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
- 6.3.4. U.K.
- 6.3.4.1. Market estimates and forecasts, By Type, 2017 - 2030 (USD Million)
- 6.3.4.2. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
- 6.3.5. Germany
- 6.3.5.1. Market estimates and forecasts, By Type, 2017 - 2030 (USD Million)
- 6.3.5.2. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
- 6.3.6. France
- 6.3.6.1. Market estimates and forecasts, By Type, 2017 - 2030 (USD Million)
- 6.3.6.2. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Market estimates and forecasts, 2017 - 2030
- 6.4.2. Market estimates and forecasts, By Type, 2017 - 2030 (USD Million)
- 6.4.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
- 6.4.4. India
- 6.4.4.1. Market estimates and forecasts, By Type, 2017 - 2030 (USD Million)
- 6.4.4.2. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
- 6.4.5. China
- 6.4.5.1. Market estimates and forecasts, By Type, 2017 - 2030 (USD Million)
- 6.4.5.2. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
- 6.4.6. Japan
- 6.4.6.1. Market estimates and forecasts, By Type, 2017 - 2030 (USD Million)
- 6.4.6.2. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
- 6.4.7. South Korea
- 6.4.7.1. Market estimates and forecasts, By Type, 2017 - 2030 (USD Million)
- 6.4.7.2. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
- 6.5. Latin America
- 6.5.1. Market estimates and forecasts, 2017 - 2030
- 6.5.2. Market estimates and forecasts, By Type, 2017 - 2030 (USD Million)
- 6.5.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
- 6.5.4. Brazil
- 6.5.4.1. Market estimates and forecasts, By Type, 2017 - 2030 (USD Million)
- 6.5.4.2. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
- 6.6. Middle East & Africa
- 6.6.1. Market estimates and forecasts, 2017 - 2030
- 6.6.2. Market estimates and forecasts, By Type, 2017 - 2030 (USD Million)
- 6.6.3. Market estimates and forecasts, By Application, 2017 - 2030 (USD Million)
Chapter 7. Semiconductor memory Market Competitive Landscape
- 7.1. Key Market Participants
- 7.1.1. Integrated Silicon Solution Inc.
- 7.1.2. Micron Technology
- 7.1.3. Macronix International Co., Ltd.
- 7.1.4. Samsung Electronics
- 7.1.5. SK Hynix
- 7.1.6. Taiwan Semiconductor
- 7.1.7. Texas Instruments
- 7.1.8. Toshiba
- 7.1.9. Cypress Semiconductor Corporation
- 7.1.10. IBM
- 7.2. Key Company Market Share Analysis, 2022
- 7.3. Company Categorization/Position Analysis, 2022
- 7.4. Strategic Mapping
- 7.4.1. Expansion
- 7.4.2. Acquisition
- 7.4.3. Collaborations
- 7.4.4. Product/service launch
- 7.4.5. Partnerships
- 7.4.6. Others
List of Tables
- Table 1 Global semiconductor memory market revenue estimates and forecast, by Type, 2017 - 2030 (USD Million)
- Table 2 Global semiconductor memory market revenue estimates and forecast, by Type, 2017 - 2030 (Million Units)
- Table 3 Global semiconductor memory market revenue estimates and forecast, by Application, 2017 - 2030 (USD Million)
- Table 4 Global semiconductor memory market revenue estimates and forecast, by region, 2017 - 2030 (USD Million)
- Table 5 Global semiconductor memory market revenue estimates and forecast, by region, 2017 - 2030 (Million Units)
- Table 6 Company heat map analysis
- Table 7 Key companies undertaking partnerships and collaboration
- Table 8 Key companies launching new product
List of Figures
- Fig. 1 Semiconductor memory market segmentation
- Fig. 2 Information procurement
- Fig. 3 Data analysis models
- Fig. 4 Market formulation and validation
- Fig. 5 Data validating & publishing
- Fig. 6 Market snapshot
- Fig. 7 Segment snapshot (1/2)
- Fig. 8 Segment snapshot (2/2)
- Fig. 9 Competitive landscape snapshot
- Fig. 10 Semiconductor memory market value, 2017 - 2030 (USD Million)
- Fig. 11 Semiconductor memory market - Industry value chain analysis
- Fig. 12 Semiconductor memory market - Market trends
- Fig. 13 Semiconductor memory market: Porter's analysis
- Fig. 14 Semiconductor memory market: PESTEL analysis
- Fig. 15 Semiconductor memory market, by type: Key takeaways
- Fig. 16 Semiconductor memory market, by type: Market share, 2022 & 2030
- Fig. 17 SRAM semiconductor memory market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 18 SRAM semiconductor memory market estimates & forecasts, 2017 - 2030 (Million Units)
- Fig. 19 MRAM semiconductor memory market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 20 MRAM semiconductor memory market estimates & forecasts, 2017 - 2030 (Million Units)
- Fig. 21 DRAM semiconductor memory market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 22 DRAM semiconductor memory market estimates & forecasts, 2017 - 2030 (Million Units)
- Fig. 23 Flash ROM semiconductor memory market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 24 Flash ROM semiconductor memory market estimates & forecasts, 2017 - 2030 (Million Units)
- Fig. 25 Others semiconductor memory market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 26 Others semiconductor memory market estimates & forecasts, 2017 - 2030 (Million Units)
- Fig. 27 Semiconductor memory market, by application: Key takeaways
- Fig. 28 Semiconductor memory market, by application: Market share, 2022 & 2030
- Fig. 29 Consumer Electronics semiconductor memory market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 30 IT & Telecommunication semiconductor memory market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 31 Automotive semiconductor memory market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 32 Industrial semiconductor memory market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 33 Aerospace & Defense semiconductor memory market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 34 Medical semiconductor memory market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 35 Others semiconductor memory market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 36 Global semiconductor memory market revenue, by region, 2022 & 2030, (USD Million)
- Fig. 37 North America semiconductor memory market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 38 U.S. semiconductor memory market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 39 Canada semiconductor memory market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 40 Mexico semiconductor memory market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 41 Europe semiconductor memory market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 42 U.K. semiconductor memory market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 43 Germany semiconductor memory market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 44 France semiconductor memory market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 45 Asia Pacific semiconductor memory market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 46 India semiconductor memory market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 47 China semiconductor memory market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 48 Japan semiconductor memory market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 49 South Korea semiconductor memory market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 50 Latin America semiconductor memory market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 51 Brazil semiconductor memory market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 52 Middle East & Africa semiconductor memory market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 53 Key company categorization
- Fig. 54 Semiconductor memory market - Key company market share analysis, 2022.
- Fig. 55 Strategic framework
