Semiconductor Memory Market Size, Growth Forecast 2032

The Semiconductor Memory Global Market Report 2023, provides comprehensive information on the semiconductor memory market 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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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%.

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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 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

Asia-Pacific was the largest region in the semiconductor memory market in 2022.

The table of contents in TBRC’s semiconductor memory market report 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. Africa Semiconductor Memory Market
27. Semiconductor Memory Market Competitive Landscape And Company Profiles
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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