The research report on semiconductor memory market, in substance, presents an exclusive understanding of the vast expanse of the business space in question. The report comprises a gist of the industry by means of providing an executive summary, industry insights, industry ecosystem analysis, market segmentation, and global trends. Furthermore, the study also provides deliverables pertaining to the regulatory and competitive landscapes and the strategic perspectives of various industry contenders with respect to the market.

The growing incorporation of memory and storage components in consumer and automotive electronics and in various healthcare devices is expected to boost semiconductor memory market expansion over the upcoming years. According to the Consumer Technical Association (CTA), the retail revenue of the U.S. consumer technology, which includes, electronics products, along with emerging technologies and streaming services, was approximately US$422 billion in 2020.

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Understanding the elevating need for storage memory, various companies have been coming up with novel innovations in the semiconductor space to suffice the dramatic demand for semiconductor memory chipsets. For instance, Samsung has recently announced developing the industry’s first HKMG based DDR5 memory. The advanced 512GB DDR5 module is made of HKMG material which allows the chip to reduce the device’s power use by 13%, while simultaneously doubling the speed of DDR4. Such efforts by leading electronics giants would fuel the semiconductor memory market expansion over the forthcoming years.

Magneto-resistive Random-access Memory (MRAM) chipsets have been gaining immense popularity worldwide, owing to the features offered by the technology like low power consumption, faster write/read cycles, and high durability delivered by the MRAM devices. These devices are non-volatile, which augments their data storage capacity for increased time period. As per industry experts, the market is slated to depict a CAGR of 15% over the forecast period.

The industrial application segment across semiconductor memory market is poised to garner positive gains over the coming years as these applications demand semiconductor memory chipsets to realize various industrial components like HMI, PLC, gateway devices, and industrial PCs. More so, the proliferation of smart factories across various developed and developing nations would further propel the demand for semiconductor memory chipsets, thus transforming the overall market space. For the record, the segment had recorded a business share of 10% in 2020.

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Europe semiconductor memory market is estimated to exhibit a growth rate of 5% through 2027, primarily driven by the presence of major automotive OEMs in the region, who are highly emphasizing on augmenting their automotive production in the region.

As per the European Automobile Manufacturers’ Association, the continent produced nearly 15.8 million passenger vehicles in FY2019, accounting for about 21% of the global PV production. Semiconductor memory is being largely integrated with automotive electronics such as navigation systems, telematics, instrument clusters, and in vehicle communications. What more has been impelling the growth of market in Europe is the development in ADAS systems, and more.

Major Key Points from Table of Content:

Chapter 5   Semiconductor Memory Market, By Type

5.1    Key trends, by type

5.2    Static Random-access Memory (SRAM)

5.2.1    Market estimates and forecast, 2016 - 2027

5.3    Magneto-resistive Random-access Memory (MRAM)

5.3.1    Market estimates and forecast, 2016 - 2027

5.4    Dynamic Random-access Memory (DRAM)

5.4.1    Market estimates and forecast, 2016 - 2027

5.5    Flash Memory

5.5.1    Market estimates and forecast, 2016 - 2027

Chapter 6   Semiconductor Memory Market, By Application

6.1    Key trends, by application

6.2    Aerospace & defense

6.2.1    Market estimates and forecast, 2016 - 2027

6.3    Automotive

6.3.1    Market estimates and forecast, 2016 - 2027

6.4    Consumer electronics

6.4.1    Market estimates and forecast, 2016 - 2027

6.5    Industrial

6.5.1    Market estimates and forecast, 2016 - 2027

6.6    Medical

6.6.1    Market estimates and forecast, 2016 - 2027

6.7    Telecommunication

6.7.1    Market estimates and forecast, 2016 - 2027

6.8    Others

6.8.1    Market estimates and forecast, 2016 - 2027

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