The Semiconductor Memory Global Market Report 2023 by The Business Research Company, provides semiconductor memory market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Semiconductor Memory Global Market Report 2023, the global semiconductor memory market size is expected to grow from $89.78 billion in 2022 to $95.10 billion in 2023 at a compound annual growth rate (CAGR) of 5.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global semiconductor memory market size is expected to grow to $117.69 billion in 2027 at a CAGR of 5.5%.
Rising usage of smart devices is expected to propel the growth of the semiconductor memory market going forward. Smart devices refer to a wireless gadget that connects to an app, the internet, a local network, or another device. Smart devices use semiconductor memory as a crucial component of this linked experience, storing and processing the massive amounts of data consumers rely on to carry out their daily duties.
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The semiconductor memory market is segmented:
1) By Type: SRAM, MRAM, DRAM, Flash ROM, Other Types
2) By Technology: RAM, ROM
3) By Application: Consumer Electronics, IT and Telecommunications, Automotive, Industrial, Aerospace and Defense, Medical, Other Applications
Technological advancements are a key trend gaining popularity in the semiconductor memory market. The key players operating in the semiconductor memory market are focused on developing products with advanced technologies to sustain their position in the market. For instance, in October 2020, SK hynix Inc., a South Korea-based producer of semiconductor and flash memory chips, launched the world’s first DDR5 DRAM. Using through-silicon-via (TSV) technology, the company’s DDR5 could also reach 256 gigabytes (GB) of capacity. DDR5 memory from SK Hynix has unique features such as a transmission rate of 4,800 to 5,600 megabits per second (Mbps), which is 1.8 times faster than the previous version, DDR4. It can transmit nine full-HD (FHD) movies (5 GB each) per second at a transfer rate of 5,600 Mbps. Its operating voltage is 1.1 volts, down from 1.2 volts in DDR4, resulting in a 20% reduction in power usage. The company anticipates that these environmentally friendly semiconductor memories will save data center power consumption as well as operational expenses because DDR5 is substantially more dependable and uses less electricity.
The semiconductor memory market report table of contents includes:
1. Executive Summary
2. Semiconductor Memory Market Characteristics
3. Semiconductor Memory Market Trends And Strategies
4. Semiconductor Memory Market – Macro Economic Scenario
5. Semiconductor Memory Market Size And Growth
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26. Middle East Semiconductor Memory Market
27. Africa Semiconductor Memory Market
28. Key Mergers And Acquisitions In The Semiconductor Memory Market
29. Semiconductor Memory Market Future Outlook and Potential Analysis
30. Appendix
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