USD 96.62 billion
Global Semiconductor Memory Market Size, Share, Growth Analysis, By Type(DRAM, NAND Flash Memory), By Application(Consumer Electronics, Enterprise and Data Centers) - Industry Forecast 2024-2031
Report ID:
SQMIG45N2087 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
64 |
Figures:
75
Global Semiconductor Memory Market Insights
Semiconductor Memory Market size was valued at USD 96.62 billion in 2021 and is poised to grow from USD 102.59 billion in 2022 to USD 165.75 billion by 2030, growing at a CAGR of 6.18% in the forecast period (2023-2030).
The global semiconductor memory market has experienced increasing demand for memory-intensive applications across various industries. Semiconductor memory devices, such as RAM (Random Access Memory) and ROM (Read-Only Memory), play a crucial role in the functioning of electronic devices, including smartphones, computers, automotive systems, and IoT devices. The market's expansion is attributed to technological advancements, the proliferation of smartphones and data centres, and the rising adoption of connected devices worldwide. Factors fueling the growth of the semiconductor memory market is the rapid evolution of artificial intelligence (AI) and machine learning (ML) technologies. These applications require significant memory capabilities to process and analyse vast amounts of data in real-time. As AI and ML become increasingly integrated into various sectors, the demand for high-performance memory solutions is expected to soar, driving further growth in the semiconductor memory market. The escalating adoption of 5G technology is another pivotal factor influencing the market's expansion. With 5G networks becoming more widespread, there is a surge in data consumption, leading to a heightened need for efficient memory solutions. Semiconductor memory plays a vital role in enhancing data transfer speeds and improving overall system performance in 5G-enabled devices, contributing to the market's growth.
US Semiconductor Memory Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
NAND Flash Memory
Growth Rate
6.18% CAGR
Global Semiconductor Memory Market ($ Bn)
Country Share for Asia Pacific Region (%)
Global Semiconductor Memory System By Type ($ Bn)
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Global Semiconductor Memory Market Segmental Analysis
The global semiconductor memory market is segmented based on type, application, and region. Based on type, the market can be segmented into DRAM , NAND Flash Memory and SRAM Based on application, the market is segmented into Consumer Electronics, Enterprise and Data Centers, Automotive, Industrial and Networking and Telecommunications. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Semiconductor Memory Market Analysis by Type
The most dominant type in the global semiconductor memory market is NAND Flash Memory. NAND Flash is widely used in various electronic devices such as smartphones, solid-state drives (SSDs), USB drives, memory cards, and other portable devices. Its high storage capacity, non-volatile nature, and relatively lower cost compared to other memory technologies have made it a preferred choice for data storage in consumer electronics and enterprise applications
The fastest growing type Among the three types of semiconductor memory, the fastest-growing segment is NAND Flash Memory. The increasing demand for data storage and the rapid adoption of smartphones, tablets, and other portable devices have been major drivers of the NAND Flash Memory market. Additionally, the growth of cloud computing and data centres has further fueled the demand for high-capacity NAND Flash storage solutions, contributing to its rapid expansion.
Semiconductor Memory Market Analysis by Application
Among the various applications of the global semiconductor memory market, the most dominant segment is consumer electronics. Consumer electronics encompass a wide range of devices such as smartphones, tablets, laptops, digital cameras, gaming consoles, and more. These devices heavily rely on semiconductor memory for data storage and quick access to information, making it a critical component in the consumer electronics industry.
On the other hand, the fastest growing segment in the semiconductor memory market is enterprise and data centres. With the rapid expansion of cloud computing, big data analytics, and artificial intelligence applications, there has been a substantial increase in the demand for data storage and processing capabilities in enterprise environments and data centres. Semiconductor memory plays a crucial role in providing high-speed data access and efficient data management in these large-scale computing infrastructures.
Global Semiconductor Memory System Market By Type, 2023 (%)
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Global Semiconductor Memory Market Regional Insights
In the global semiconductor memory market, one of the most dominant regions is Asia-Pacific. Asia-Pacific has emerged as a powerhouse for semiconductor manufacturing and is home to some of the world's largest semiconductor companies. Countries like South Korea, Taiwan, China, and Japan have heavily invested in semiconductor production capabilities, leading to a substantial share of global semiconductor memory production originating from this region. Additionally, the presence of a vast consumer electronics market in Asia-Pacific, coupled with the proliferation of smartphones, tablets, and other smart devices, has driven the demand for semiconductor memory in this region.
On the other hand, the fastest growing region in the Global Semiconductor Memory market is North America. North America has experienced significant growth in semiconductor memory demand, primarily fueled by the increasing adoption of advanced technologies such as artificial intelligence, cloud computing, and the Internet of Things (IoT). These emerging technologies rely heavily on high-performance and large-capacity semiconductor memory solutions, boosting the demand for memory chips in the region.
Global Semiconductor Memory System By Geography, 2024-2031
- Largest
- Fastest
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Global Semiconductor Memory Market Dynamics
Semiconductor Memory Market Drivers
Artificial Intelligence and IoT Applications
- The rise of artificial intelligence (AI) and the Internet of Things (IoT) has created a need for memory-intensive applications. AI algorithms and IoT devices generate and process massive amounts of data, necessitating advanced memory solutions to handle these workloads efficiently.
Semiconductor Memory Market Restraints
Cyclic Nature of Market
- The semiconductor memory market is highly cyclical, with demand heavily dependent on economic conditions and industry-specific factors. Economic downturns can lead to reduced consumer spending on electronics, affecting the demand for memory products.
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Global Semiconductor Memory Market Competitive Landscape
In this competitive landscape, some key memory technologies stand out. Dynamic Random-Access Memory (DRAM) is one of the primary memory types, widely used in personal computers and data centres due to its high-speed data access and low cost per bit. Another significant memory technology is NAND Flash, which is prevalent in consumer electronics, such as smartphones and USB drives, as well as in enterprise storage solutions.
Semiconductor Memory Market Top Player’s Company Profiles
- Samsung Electronics Co., Ltd. (South Korea)
- Micron Technology, Inc. (US)
- SK Hynix Inc. (South Korea)
- Intel Corporation (US)
- Toshiba Corporation (Japan)
- Western Digital Corporation (US)
- Kingston Technology Company, Inc. (US)
- Qimonda AG (Germany)
- Nanya Technology Corporation (Taiwan)
- Powerchip Technology Corporation (Taiwan)
- Renesas Electronics Corporation (Japan)
- SanDisk Corporation (US)
- Advanced Micro Devices, Inc. (US)
- Fujitsu Limited (Japan)
- Macronix International Co., Ltd. (Taiwan)
- Winbond Electronics Corporation (Taiwan)
- Cypress Semiconductor Corporation (US)
- Microchip Technology Inc. (US)
- Infineon Technologies AG (Germany)
- Shanghai Huali Microelectronics Corporation (HLMC) (China)
Semiconductor Memory Market Recent Developments
- In May 2023, Samsung Electronics announced that it had begun mass production of its new 3-nanometer (nm) DRAM chips. These chips are the first in the world to be manufactured using the 3nm process, and they offer significant performance and power efficiency improvements over previous generations.
- In April 2023, SK Hynix announced that it had begun mass production of its new 16-gigabit (Gb) LPDDR5 DRAM chips. These chips are the first in the world to be manufactured using the 16Gb LPDDR5 process, and they offer up to 1.5 times the performance and 30% lower power consumption than previous generations.
- In March 2023, Micron Technology announced that it had begun mass production of its new 176-layer NAND flash chips. These chips are the first in the world to be manufactured using the 176-layer process, and they offer up to 40% more capacity and 10% lower power consumption than previous generations.
- In February 2023, Intel announced that it had begun mass production of its new 4th generation Optane DC persistent memory. This memory is the first in the world to be manufactured using the 10nm process, and it offers up to 20 times the performance and 10 times the endurance of traditional DRAM.
- In January 2023, TSMC announced that it had begun mass production of its new 5 nm process. This process is the most advanced in the world, and it is used to manufacture a wide range of semiconductor chips, including DRAM, NAND flash, and CPUs.
Global Semiconductor Memory Key Market Trends
- Rapid Advancement of Semiconductor Technology: This trend is often referred to as "Moore's Law," which predicts that the number of transistors on a microchip will double approximately every two years, leading to a substantial increase in processing power and performance. As a result, semiconductor manufacturers are continuously innovating to develop smaller, faster, and more power-efficient chips to meet the evolving needs of modern applications such as artificial intelligence, internet of things (IoT), autonomous vehicles, and data centres. This trend has far-reaching implications, enabling the development of cutting-edge devices and technologies that are revolutionising industries and shaping the future of computing and connectivity.
Global Semiconductor Memory Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to the global semiconductor memory market analysis, the increasing demand for advanced memory solutions across various industries, including electronics, automotive, and telecommunications, is a key driver for market growth. Semiconductor memory plays a crucial role in storing and retrieving data in electronic devices, enhancing their performance and functionality. Advanced memory technologies, such as DRAM (Dynamic Random-Access Memory), NAND Flash, and NOR Flash, offer advantages such as high data transfer rates, non-volatile storage capabilities, and low power consumption. In terms of regional analysis, North America and Asia Pacific are dominant regions in the semiconductor memory market. North America is a leading market due to its robust electronics and automotive industries, along with the presence of key market players and technological advancements. The Asia Pacific region is witnessing significant growth, driven by the increasing demand for consumer electronics, rising smartphone penetration, and the rapid adoption of IoT technologies.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 96.62 billion |
| Market size value in 2031 | USD 165.75 billion |
| Growth Rate | 6.18% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Semiconductor Memory Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Semiconductor Memory Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Semiconductor Memory Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Semiconductor Memory Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Semiconductor Memory Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Semiconductor Memory Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Semiconductor Memory Market Report Snapshots
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