Pune, India, May 25, 2022 (GLOBE NEWSWIRE) -- According to MarketStudyReport, global semiconductor memory market was worth USD 139690 million in 2021 and is anticipated to expand at 14.5% CAGR over 2022-2028, to amass a valuation of USD 360940 million by the year 2028.
The study goes on to provide details regarding the various industrial segments which are divided into three categories: type terrain, application scope, and geographical landscape, along with data on each segment's growth rate and industry share throughout the forecast period.
It then digs deeper into the competitive dashboard, specifying the details about industry suppliers' strategies for increasing their competitiveness in the business horizon.
The industry is majorly driven by increasing usage of semiconductor components as well as integration of Internet of Things (IoT) in various industries such as consumer electronics, automotive, and IT & telecom.
For the unversed, semiconductor memory is an electronic device used as a computer memory that uses Integrated Circuit (IC) technology to maintain digital information. Furthermore, these memories are categorized according to the sort of data storage and access they provide, such as volatile Random Access Memory (RAM) and non-volatile Read Only Memory (ROM).
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Numerous organizations have begun to use semiconductor memory chips with large storage capacity to address data center challenges in recent years, which in turn has boosted the industry outlook.
Operational development programs for existing products to meet ROI targets, as well as growing efforts by companies to reduce net capital expenditure by focusing on outsourcing their chip production to manufacturing organizations are anticipated to impel the market size.
However, high manufacturing costs, operational cost related with new plant building and current fabrication plants, and a large capital expenditure may stifle the global semiconductor memory marketplace over the forecast duration.
Market Segment overview:
Based on type terrain, the market is divided into NOR, NAND, SRAM, DRAM, and others. Herein, DRAM (dynamic random access memory) segment is slated to grow significantly over the forecast period, on account of rising integration of electronics in vehicles, along with improved computing capabilities with AI in smartwatches, smartphones, and laptops.
In terms of application ambit, the industry is branched into automotive, server, computer, mobile device, and others. The consumer electronics vertical is reckoned to generate notable revenues over 2022-2028, owing to extensive use of semiconductor memory chips in smart & wearable devices with advantages like low power consumption, high endurance, improved volatile memory, and increased storage.
Regional scope:
Asia Pacific industry held a major revenue share in the recent past, on account of increasing investments in data centers, rising production of memory chips & consumer electronics, soaring digitization, and growing penetration of high-tech gadgets in the region.
Meanwhile, Europe market is anticipated to grow significantly in the coming years, owing to expanding R&D activities by the prominent players in the region.
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Competitive dashboard:
Yangtze Memory Technologies Corp. (YMTC), Winbond Electronics Corporation, Nanya Technology, Intel Corporation, Western Digital Corporation, Kioxia Holdings Corporation, Micron Technology Inc., SK hynix Inc, and Samsung Electronics Co. Ltd. are the leading players affecting the worldwide semiconductor memory market trends.
Global Semiconductor Memory Market, by Type (Revenue, USD Million, 2017-2028)
- SRAM
- NOR
- NND
- DRAM
- Others
Global Semiconductor Memory Market, by Application (Revenue, USD Million, 2017-2028)
- Automotive
- Server
- Computer
- Mobile Device
- Others
Global Semiconductor Memory Market, Geographical Fragmentation (Revenue, USD Million, 2017-2028)
North America
- United States
- Canada
- Brazil
- Mexico
Europe
- UK
- France
- Germany
- Russia
- Italy
Asia Pacific
- India
- China
- Japan
- Australia
- South Korea
- Southeast Asia
- Taiwan
Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Gulf Corporation Council Countries
- Turkey
- Israel
Global Semiconductor Memory Market, Company Profiles (Revenue, USD Million, 2017-2028)
- Yangtze Memory Technologies Corp. (YMTC)
- Winbond Electronics Corporation
- Nanya Technology
- Intel Corporation
- Western Digital Corporation
- Kioxia Holdings Corporation
- Micron Technology Inc.
- SK hynix Inc.
- Samsung Electronics Co. Ltd.
Table of Content:
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
2 Executive Summary
2.1 World Market Overview
2.2 Semiconductor Memory Segment by Type
2.3 Semiconductor Memory Sales by Type
2.4 Semiconductor Memory Segment by Application
2.5 Semiconductor Memory Sales by Application
2.5.1 Global Semiconductor Memory Sale Market Share by Application (2017-2022)
2.5.2 Global Semiconductor Memory Revenue and Market Share by Application (2017-2022)
2.5.3 Global Semiconductor Memory Sale Price by Application (2017-2022)
3 Global Semiconductor Memory by Company
3.1 Global Semiconductor Memory Breakdown Data by Company
3.2 Global Semiconductor Memory Annual Revenue by Company (2020-2022)
3.3 Global Semiconductor Memory Sale Price by Company
3.4.2 Players Semiconductor Memory Products Offered
3.5 Market Concentration Rate Analysis
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Semiconductor Memory by Geographic Region
4.1 World Historic Semiconductor Memory Market Size by Geographic Region (2017-2022)
4.2 World Historic Semiconductor Memory Market Size by Country/Region (2017-2022)
4.3 Americas Semiconductor Memory Sales Growth
4.4 APAC Semiconductor Memory Sales Growth
4.5 Europe Semiconductor Memory Sales Growth
4.6 Middle East & Africa Semiconductor Memory Sales Growth
5 Americas
6 APAC
7 Europe
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Semiconductor Memory
10.3 Manufacturing Process Analysis of Semiconductor Memory
10.4 Industry Chain Structure of Semiconductor Memory
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Semiconductor Memory Distributors
11.3 Semiconductor Memory Customer
12 World Forecast Review for Semiconductor Memory by Geographic Region
Related Report:
Semiconductor Memory Market Size, Share & Forecast, 2021 - 2027
The semiconductor memory market is expected to witness significant growth by 2027 driven by surging utilization of semiconductor chips in electronic devices and increasing demand for electronics across the globe. Semiconductor memory refers to a type of semiconductor device that stores data and is a key element in nearly every electronic device. It offers several beneficial electrical properties, which also make it pivotal for electronics manufacturing. Following the COVID-19 pandemic, there was a proliferation in the usage of electronic devices. As a result, semiconductor memory became crucial during the pandemic due to its importance in objects ranging from smartphones to ventilators. In the regional landscape, the Latin America semiconductor memory market is anticipated to observe significant growth at a CAGR of 4% over the projected timeline. Increasing penetration of cloud and hyperscale datacenters across Latin America is expected to contribute substantially to the regional market growth by the end of 2027.
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