Semiconductor Memory Market – Global Industry Analysis and Forecast (2023-2029)

Semiconductor Memory Market was valued at US$ 98.23 Bn. in 2022 and the market size is estimated to grow at a CAGR of 7.23% over the forecast period.
Semiconductor Memory Market Overview:
Semiconductor memory is a type of digital semi-conductor electronic technology for storing digital data. Semiconductor memory is an important part of today's electrical products. The demand for high-capacity, low-power memory is steadily increasing as the size of today's smart portable electronic gadgets shrinks, boosting overall performance. Data stored in primary memory should have access times that are consistent with the microprocessor's operation time. As a result, semiconductor devices are favored for primary memory. Semiconductor memory is widely utilized in electronic assembly, which employs computer processing technologies. It is one of the most vital electronic components for any computer-based PCB construction.To know about the Research Methodology :- Request Free Sample Report
Semiconductor Memory Market Dynamics:
The Growing Electronics Centers across the Globe:

The growing installation of data centers throughout the world is expected to increase demand for memory devices using semiconductors, owing to high storage requirements from a variety of businesses. The development of colocation data centers and hyperscale data in developed countries is growing semiconductor memory market demand, leading to a growth in the need for connectivity, management, and storage of huge company data from mega facilities. These factors permit global players to increase their facilities, which is beneficial to the semiconductor market growth.

The semiconductor memory market is expected to develop due to the increasing saturation of smartphones and technological advances, along with the increasing use and appeal of smart devices. In addition, the significant penetration of Solid-State Drives (SSD) and mobile computing technologies on the market is expected to promote worldwide seams development. As a result, the rising demand in the electronics sector has a favorable impact on semiconductor memory market growth.

The growing Use of RAM in Automotive Applications:

Leading participants in the semiconductor memory market are expected to benefit from the growing integration of electronic components and the improvement of automotive systems. The semiconductor memory market is expected to grow at a significant rate throughout the forecast period, thanks to the modernization of infotainment vehicle design systems, autonomous driving systems, and safety systems. DRAM and flash memory, which are utilized in lighting control and ADAS systems, provide high speed and connectivity to car systems.

Growing Demand and Adoption of IoT in Semiconductor Memory:

The semiconductor memory market has experienced exceptional growth thanks to the rising demand and adoption of internet of things (IoT) technologies. Increased expenditure on research and development is expected to provide the semiconductor memory industry with even more attractive and remunerative growth opportunities. The semiconductor memory market growth rate is also fueled by the increased prevalence of high capacity and low power memory, along with technological advancements. The electronics industry's increased need for semiconductor memory will drive market value higher. Smartphones, tablets, laptops, desktops, and other electronic devices will continue to rise in popularity, driving up demand for semiconductor memory.

New Semiconductor Memory developments:

As the memory market matures, key market competitors are expected to compete more aggressively, with many focusing extensively on product introductions and collaboration strategies.

In August 2019, Macronix International introduced ArmorFlash, a holistic solution to meet IoT data security concerns, setting the bar for flash memory security protection.

In September 2019, Intel Corporation and Oracle collaborated to establish the world's first and only shared persistent memory system. At the same time, Intel debuted Barlow Pass, its second-generation memory modules, which will help data centers enhance bandwidth.

Infineon Technologies announced in June 2020 that it has developed the first memory solution that combined security and functional safety in a single NOR flash device.

New scientific breakthroughs are also opening the door for advanced memory technology. For example, engineers from the University of Texas at Austin have developed the world's smallest memory device, which is faster, smaller, and more energy-efficient. As scientists attempt to transmit efficiency between quantum memory devices, the quantum internet's prospects are becoming more real.

Any portable, power-efficient, and feature-rich computing device requires advancements in the semiconductor memory area. Thanks to emerging chip memory new storage options, can scale out to construct massive infrastructures for future technologies. Chipmakers will need to stay on top of the semiconductor memory environment as customer demand for digital convenience develops.



Semiconductor Memory Long-Term Assumption (Demand) during the Forecast Period


Consumer
• Strong home entertainment demand
• Continued IoT demand
• Continued demand for consumer electronic devices


Graphics
• Strong game console demand
• Multi-year cycle of new game consoles and GPUs


Mobile
• Recovery of smartphone
• Saturated 5G smartphone Set
• Replacement demand of smartphone


Server
• Cloud server demand
• Edge Server, AI momentum
• HDD cold storage replacement with SSD


Computer
• Strong Demand of Educational & Gaming Notebook
• Replacement demand of Enterprise segment



High Cost of Product, along with Absence of Skilled Labor:

The High skilled labor and employment costs are expected to provide a significant temporal challenge to the semiconductor memory market's growth pace. The high costs of semiconductor memory research and development will further suppress the market's growth. A scarcity of skilled/trained individuals, along with a lack of technology experience, is expected to hamper the market growth. In addition, increased plant fabrication costs, and government laws governing various production requirements, are also expected to hinder the market growth during the forecast period.
Semiconductor Memory Market Segment Analysis:
Based on the Product Type, the Semiconductor Memory Market is segmented into SRAM, MRAM, DRAM, and Flash ROM. The DRAM segment held the largest market share, accounting for 46% in 2022. The segment growth is attributed to the growing adoption of electronics devices, thanks to various high-end advantages offered by DRAM memory, such as high-performance, low latency, and larger bandwidth. These capabilities help the market growth by increasing its use of in-game consoles, PC hardware, and High-Performance Computing (HPC) devices.

The growing demand and adoption of semiconductor memory in gaming and entertainment applications are expected to provide new growth opportunities for DRAM manufacturers across the globe. For example, console hardware sales in the UK were US$ 1.0375 billion in 2020, representing a 74.8% year-over-year increase over 2019. To improve graphics and provide lag-free performance in High-Definition (HD) video games, these consoles and gaming hardware are heavily integrated with DRAM memories. The growth in the gaming industry in developed economies such as Germany, the United Kingdom, and Japan is expected to drive DRAM segment growth throughout the forecast period. Based on the Application, the Semiconductor Memory Market is segmented into Consumer Electronics, IT and telecommunications, Automotive, Industrial, Aerospace and Defense, and Medical. The Consumer Electronics segment is expected to witness significant growth at a CAGR of 7.2% during the forecast period. The segment growth is attributed to the growing popularity of IoT and linked technology, along with rising consumer disposable income across the globe. Consumer electronics manufacturers are collaborating with service providers to supply customers with high-tech items. According to the Consumer Electronics Association's Digital America 2019 study, about 29 million U.S. households had wearable sleep tracking devices in 2019. In addition, the country sold USD 9.7 billion worth of wearable electronic devices in 2020, representing a 13.1% year-on-year increase over 2019. Low-power memory components such as MRAM, EEPROM, and NAND Flash memory are widely used in wearable electronic devices.
Semiconductor Memory Market Regional Insights:
The Asia Pacific region held the largest market share accounted for 49.3% in 2022. The growing establishments of cloud & hyper-scale data centers in Asia Pacific nations such as China, India, Singapore, Indonesia, and South Korea are driving semiconductor market growth in the region. For example, Alibaba Cloud opened three hyper-scale data centers in China in August 2020 and plans to open 10 more data centers in the next years. In addition, the growing government investments in China's domestic semiconductor manufacturing sector will help the industry grow even faster. For example, the Chinese government established a USD 28.9 billion fund in October 2019 to minimize reliance on US-based technologies and increase domestic chip manufacturing capacity.

The objective of the report is to present a comprehensive analysis of the global Semiconductor Memory Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Semiconductor Memory Market dynamic, structure by analyzing the market segments and projecting the Semiconductor Memory Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Semiconductor Memory Market make the report investor’s guide.
Semiconductor Memory Market Scope: Inquire before buying



Semiconductor Memory Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 98.23 Bn.


Forecast Period 2023 to 2029 CAGR:
7.23%
Market Size in 2029:
US $ 160.14 Bn.


 Segments Covered:
by Type
SRAM
MRAM
DRAM
Flash ROM


by Application
Consumer Electronics
IT and Telecommunication
Automotive
Industrial
Aerospace and Defense
Medical



Semiconductor Memory Market by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Semiconductor Memory Manufacturers are:
1. Integrated Silicon Solution Inc.
2. Micron Technology
3. Macronix International Co., Ltd
4. Samsung Electronics
5. SK Hynix
6. Taiwan Semiconductor
7. Texas Instruments
8. Toshiba
9. Cypress Semiconductor Corporation
10.IBM
11.Broadcom Inc
12.NXP Semiconductors
13.Wipro
14.Applied material
15.Masamb
16.Sony Samsung Electronics Co., Ltd.
17.Intel Corporation
18.Broadcom Inc.
19.Qualcomm Inc.
20.Nvidia Corporation

Frequently Asked Questions:

1] What segments are covered in the Global Semiconductor Memory Market report?
Ans. The segments covered in the Semiconductor Memory Market report are based on Type and Application.

2] Which region is expected to hold the highest share in the Global Semiconductor Memory Market?
Ans. The Asia Pacific region is expected to hold the highest share in the Semiconductor Memory Market.

3] What is the market size of the Global Semiconductor Memory Market by 2029?
Ans. The market size of the Semiconductor Memory Market by 2029 is expected to reach US$ 160.14 Bn.

4] What is the forecast period for the Global Semiconductor Memory Market?
Ans. The forecast period for the Semiconductor Memory Market is 2023-2029.