SEMICONDUCTOR MEMORY MARKET TO REACH USD 92.3 BILLION BY 2027 | CAGR 10.3% – FORENCIS RESEARCH

Global Semiconductor Memory Market: Key Highlights

• According to the new market research report “Semiconductor Memory Market by Type (Volatile (SRAM, DRAM) and DRAM (Fero Electric RAM (FeRAM), Mask ROM, Erasable Programmable ROM (EPROM), Electrically-Erasable Programmable ROM (EEPROM), Flash), by End Use Industry (Consumer Electronics, Automotive, IT & Telecommunication, Aerospace & Defense, Healthcare, Manufacturing, and Others), by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) – Global Forecast (2020 to 2027)”, the global Semiconductor Memory market is estimated to reach USD 92.3 Billion by 2027 at a CAGR of around 10.3% during the review period.
• Semiconductor memory is a part of microcomputer-based system and is used to store program and data. The semiconductor memory is directly accessible by the microprocessor and access time of the data present in the primary memory must be compatible with the operating time of the microprocessor.
• The semiconductor memory is classified as volatile and non-volatile memory. Volatile memories are those memories that store the data temporarily.  The data is stored in volatile memory only till the duration power supply to the IC is on and once supply gets off then stored data gets lost.

Global Semiconductor Memory Market: Key Market Dynamics

• Rising consumer electronics market and increasing usage of semiconductor devices in automotive industry drives the market growth during forecast period.
• High cost of these semiconductor memories will restrain the market during the projected years. However, increasing adoption of IoT technology will create various opportunities for semiconductor memory market during growth rate.
• Mergers & acquisitions, partnerships, new product launches, and investments in R&D of semiconductor memory will also create new opportunities in the memory market.

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Global Semiconductor Memory Market: Regional Overview

• Asia-Pacific

Asia-Pacific will dominate the semiconductor memory market during the forecast period. Rising production of memory solutions and consumer electronics products in China, India, and South Korea will raise the semiconductor memory market in Asia-Pacific. Availability of raw materials to make memory chips is also adding advantage in the growing market. SK Hynix, SAMSUNG, Taiwan Semiconductors, and TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION among others have the highest market shares of semiconductor memory market in APAC.      

• North America & Europe

North America is expected to grow at faster rate during forecast period. North America is anticipated to emerge as the fastest growing regional market over the forecast period, followed by Europe. Before the COVID-19 outbreak, the US, Germany, France, the UK, and Italy were expected to witness the highest growth in the region on account of rising research & development (R&D) activities by companies and presence of large market players such as Texas Instruments, Micron Technology Inc., and Microchip technology Inc. among others are dedicated to developing new technologies.    

Global Semiconductor Memory Market: Key Players Overview

• STMicroelectronics:

STMicroelectronics engages in the provision of semiconductor technologies, devices, and solutions. The company invest 16% of its revenue in R&D every year and engage in extensive collaboration with leading research labs and corporate partners throughout the world. The company provides NVRAM and serial EEPROM for various storage applications. STMicroelectronics launched 4Mbit EEPROM memory chips that combine unprecedented storage density with speed and reliability.

• ROHM Co., Ltd:

ROHM is an industry leader in ICs, discrete components and module products, utilizing the latest in semiconductor technology. The company provides various memory ICs such as DRAM (LAPIS), Serial EEPROM (662), and FeRAM (LAPIS). ROHM Semiconductor Acquires Powervation, a privately held digital power IC company that develops digital power management system-on-chip (SoC) solutions. This acquisition enables company to address a broad range of fast growing market opportunities, as customers increasingly adopt digital power solutions to power next generation high density systems and ICs such as processors, memory, FPGAs, and ASICs. 

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