The global Semiconductor Memory Market Size is expected to reach US$ 134.95 billion by 2027 and is expected to grow at an impressive double-digit rate of 6.1% from 2020 to 2027.
The study includes drivers and restraints of this market. The study provides an analysis of the global Semiconductor Memory Market for the period 2017-2027, wherein 2020 to 2027 is the forecast period and 2020 is considered as the base year.
Semiconductor memory refers to an electronic device that is used as a computer memory in which IC (Integrated Circuit) technology is used for maintaining the digital information. Moreover, on the basis of the type of data access and data storage these memories are classified intonon-volatile ROM (Read Only Memory) and volatile RAM (Random Access Memory).
Why should you invest in this report?
If you are aiming to enter the global Semiconductor Memory Market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Semiconductor Memory are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2020-2027, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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Growth Factors
Rising integration of Internet of Things (IoT) into automotive, consumer electronics and industrial application along with increasing acceptance of IoT across these industries drives the semiconductor memory market. Implementation of IoT and smart electronic devices improves the production and manufacturing capacity along with reducing the overall cost of the product. Further, the integration of numerous technologies such as Artificial Intelligence (AI), IoT, and Big Data the devices need high operating speed and capacity, thereby fuelling the demand for semiconductor memory devices in the coming years. Presently, consumer trend has also shifted from the traditional electronic products towards smart and advanced products that again flourish the overall market growth.
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).
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Key Market Players and Strategies
The global semiconductor memory market is highly competitive due to the presence of major market players and their strong distribution channel. These market players are mainly focused towards merger & acquisition, and partnership strategies to enhance their product portfolio and upgrade their market position. For instance, in May 2016, Western Digital acquired SanDisk Corporation to expand its product portfolio especially in semiconductor industry. Similarly, in August 2019, Macronix International Co., Ltd. introduced ArmorFlash memory on the artificial intelligence (AI) based Advanced Driver Assistance System (ADAS) that include DRIVE AGX Pegasus and NVIDIA DRIVE AGX Xavier for NVIDIA Corporation.
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
Major Market Segments Covered:
By Type
- Flash ROM
- MRAM
- SRAM
- DRAM
- Others
By Application
- IT & Telecommunication
- Medical
- Consumer Electronics
- Industrial
- Automotive
- Aerospace & Defense
- Others
Regional Analysis:
The geographical analysis of the global Semiconductor Memory Market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American market is again segmented into the US, Canada, and Mexico. Coming to the European market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global Semiconductor Memory Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global Semiconductor Memory Market in 2027?
- What is the expected CAGR for the Semiconductor Memory Market between 2020 and 2027?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global Semiconductor Memory Market?
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