PUBLISHER: Orion Market Research | PRODUCT CODE: 1681020
PUBLISHER: Orion Market Research | PRODUCT CODE: 1681020
Global Memory Chip Market 2025-2035
Memory Chip Market Size, Share & Trends Analysis Report by Type (Volatile Memory, and Non-Volatile Memory), and Application (Laptop/PC, Cameras, Smartphones, and Others (Gaming Systems, Servers)) Forecast Period (2025-2035)
Industry Overview
Memory chip market is anticipated to grow at a CAGR of 5.9% during the forecast period (2025-2035). The global digitization initiatives and rapid deployment of data-intensive devices are enabling the memory chip market to expand across the globe. The market players in the memory chip market, including Samsung, Micron, and Patriot Memory, are continuously innovating and developing novel memory solutions for next-generation utility, such as for AI workstations and autonomous driving, which is expected to make the memory chip market innovations relevant for the future. For instance, in June 2024, Micron Technology, Inc. announced samples of its GDDR7, the industry's highest bit-density graphics memory solution. Micron GDDR7 delivers up to 32 Gb/s of high-speed memory in an optimized power form, based on Micron's 1B DRAM process technology and next-generation architecture.
Market Dynamics
Rapidly Expanding Consumer Electronics Market
The rapid growth & mass availability of different consumer electronics devices including smartphones, laptops, cameras, and smartwatches have been among the major contributors to the growth of the memory chips market. The component serves as an integral part of electronic devices by ensuring smooth operations and providing storage capabilities. However, as the consumer electronics industry advances, most devices are incorporating novel technological & software-based developments, necessitating manufacturers to relatively upgrade the storage ecosystem to support seamless user interaction & device requirements. In October 2021, Micron Technology, Inc. reported that it will spend over $150 billion globally within the next decade for advanced memory manufacturing and R&D, potentially even on a future U.S. fab expansion, because the memory manufacturer seeks to seize upon growing demand that already approaches 30% of global semiconductor spending-impelled by everything from 5G, AI, to ballooning use of data centers, automobiles, and consumer products.
Growing Demand for High-Performance Memory Chips
The technology market globally has been driving memory chip producers to continuously invest in & design high-performance memory chips to keep themselves in line with the market demands. In recent years, work on a plethora of future technologies, including AI, VR/AR, and HPC, is gaining momentum; hence, such memory chips have to be introduced that support fast data flow and effective data storage. The deployment of similar technology-based devices is projected to maintain an upward trajectory, supporting demand from device manufacturers for high-performance memory chips such as high-bandwidth memory (HBM), graphics DDR, and SDRAM in the future. For instance, in August 2024, Samsung Electronics started mass-producing the industry's thinnest 12-nanometer-class, 12GB, and 16GB LPDDR5X DRAM packages, cementing its position as a leader in the low-power DRAM market. These ultra-slim packages enhance thermal control, which is vital for high-performance applications such as on-device AI.
Market Segmentation
- Based on the type, the market is segmented into volatile memory, and non-volatile memory.
- Based on the application, the market is segmented into laptop/PC, cameras, smartphones, and others (gaming systems, servers).
Non-Volatile Memory to Lead the Market with the Largest Share
Under type, non-volatile memory remains the more prominent segment of the memory chip market. The memory type supports the future endeavors of market players for developing a resilient storage ecosystem & transitioning into cloud-based workflows based on its capabilities such as data persistence, storage capacity, and applicability. Further, the global demand for offline storage paired with innovation in non-volatile memory is expected to fuel the business footprint of the non-volatile memory type segment.
Smartphones A Key Segment in Market Growth
Smartphones account for the key application segment for memory chips, as the global smartphone market has remained the fastest-growing segment in the consumer electronics market in recent decades. This growth trajectory has pushed the consumer electronics type to gain mass availability and development momentum from memory chip manufacturers. Further, the cost-effectiveness & utility features of smartphones paired with the upcoming development plan of the smartphone industry to incorporate highly data-oriented features such as AI-driven software are expected to drive innovation and development of various smartphone-oriented memory types.
Regional Outlook
Market Players Outlook
The Report Covers:
Table of Contents
1. Report Summary
- Current Industry Analysis and Growth Potential Outlook
- Global Memory Chip Market Sales Analysis -Type | Application ($ Million)
- Memory Chip Market Sales Performance of Top Countries
- 1.1. Research Methodology
- Primary Research Approach
- Secondary Research Approach
- 1.2. Market Snapshot
2. Market Overview and Insights
- 2.1. Scope of the Study
- 2.2. Analyst Insight & Current Market Trends
3. Market Determinants
4. Competitive Landscape
5. Global Memory Chip Market Sales Analysis by Type ($ Million)
6. Global Memory Chip Market Sales Analysis by Application ($ Million)
7. Regional Analysis
8. Company Profiles
LIST OF TABLES
- 1. Global Memory Chip Market Research and Analysis by Type, 2024-2035 ($ Million)
- 2. Global Volatile Memory Market Research and Analysis by Region, 2024-2035 ($ Million)
- 3. Global DRAM Market Research and Analysis by Region, 2024-2035 ($ Million)
- 4. Global SRAM Market Research and Analysis by Region, 2024-2035 ($ Million)
- 5. Global Non-Volatile Memory Market Research and Analysis by Region, 2024-2035 ($ Million)
- 6. Global PROM Market Research and Analysis by Region, 2024-2035 ($ Million)
- 7. Global EEPROM Market Research and Analysis by Region, 2024-2035 ($ Million)
- 8. Global NAND Flash Memory Chip Market Research and Analysis by Region, 2024-2035 ($ Million)
- 9. Global Memory Chip Market Research and Analysis by Application, 2024-2035 ($ Million)
- 10. Global Memory Chip in Laptop/PC Market Research and Analysis by Region, 2024-2035 ($ Million)
- 11. Global Memory Chip in Cameras Market Research and Analysis by Region, 2024-2035 ($ Million)
- 12. Global Memory Chip in Smartphones Market Research and Analysis by Region, 2024-2035 ($ Million)
LIST OF FIGURES
