The Memory Chips Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Memory Chips Global Market Report 2024, The memory chips market size has grown strongly in recent years. It will grow from $92.92 billion in 2023 to $99.78 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to personal computers, smartphones and mobile devices, data center expansion, consumer electronics, emerging markets.
The memory chips market size is expected to see strong growth in the next few years. It will grow to $130.42 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to ai and machine learning, 5g network expansion, iot and edge computing, autonomous vehicles, quantum computing. Major trends in the forecast period include nand flash advancements, 3d nand technology, non-volatile memory, custom memory solutions, memory security.
Rising penetration of mobile, tablet and other electronics and rising data consumption will drive the memory chip market. Increase in sales of electronic devices such as smart phones and tablets leads to an increase in generation and consumption of digital content and require memory chips to store data For instance, in November 2022, according to the International Telecommunication Union, a Switzerland-based United Nations department responsible for a wide range of issues, including communication and information technology, 73% of individuals aged 10 and above are expected to have accessibility to a smartphone in 2022, 7% more than the fraction of the overall population that accesses the Internet currently. This increasing use of smart phones is expected to increase the necessity to store data, hence driving the memory chip market.
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The memory chips market covered in this report is segmented –
1) By Type: Volatile; Non Volatile
2) By Application: Laptop/PCs; Camera; Smartphone
3) By Sales Channel: OEM; Aftermarket
The memory chips market report table of contents includes:
- Executive Summary
- Memory Chips Market Characteristics
- Memory Chips Market Trends And Strategies
- Memory Chips Market – Macro Economic Scenario
- Global Memory Chips Market Size and Growth
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- Global Memory Chips Market Competitive Benchmarking
- Global Memory Chips Market Competitive Dashboard
- Key Mergers And Acquisitions In The Memory Chips Market
- Memory Chips Market Future Outlook and Potential Analysis
- Appendix
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