Memory Devices Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Memory Devices Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Memory Devices Market

The memory devices market size was valued at USD 124.78 billion in 2021, and the market is now projected to grow from USD 136.32 billion in 2022 to USD 360.22 billion by 2029, exhibiting a CAGR of 14.9% during the forecast period of 2022-2029.

The COVID-19 outbreak emerged as a health crisis and therefore disrupted the supply chain with adverse effects on the market growth around the world. Sharp changes in the measures adopted again disrupted the functioning of various manufacturing plants adding to the situation. Finally, here is a statement on disruptions of several countries’ supply chains of raw materials, such as silicon. All these factors cumulatively making up to some of the difficulties experienced in the semiconductor industry during pandemic.

Today there is a strong trend for the developing countries to focus on digital publicity and going digital, several of them are effectively implementing Internet of Things (IoT) at large. Applied in IoT projects, smart and connected device systems imply high demands on semiconductor memory that stores data and addresses input/output information. Also, DRAM and SRAM have a crucial function to perform numerous commands and inputs. This push for automation is key in the intelligent and digitalization of the contemporize buildings and cities which is powering the demand for semiconductors in the global market.

The expected business prospects in mobility and smart car applications are greatly based on technology level in cars such as In-vehicle Infotainment (IVI), Advanced Driver Assistance Systems (ADAS), self-driving cars and multi camera vision all of which require considerable computation power. The more and more new generation vehicles are gradually becoming smart, sophisticated, and safe which can be described by efficient and complex connections and integrated vehicle systems. Such a transition has logically resulted in a significant uptick in demand for automotive memory with high storage capacity, including NAND and DRAM. Therefore, this tendency opens vast promising prospects for further growth of the market for advanced semiconductor memory over the forecast period.

Comprehensive Analysis of Memory Devices Market

The memory devices market growth is also increasing exponentially because of the segmentation of its market. This market expansion rightly provides a thorough market breakdown near to the industry considering the leading supply and demand forces. These segmentations are methodically segregated by type analysis, and by end-user industry analysis. By type analysis incudes SRAM, DRAM, MRAM, and Flash ROM. By end-user industry analysis incudes consumer electronics, IT & telecommunication, automotive, aerospace & defense, healthcare, others (manufacturing, energy and utility, oil & gas).

The Asia Pacific region lead the memory devices market share by benefitting a market size of USD 67.24 billion in 2021 due to growing use of Artificial Intelligence (AI) and Internet of Things in smart cities.

Top players in the market have their responsibility of semiconductor & electronics industrial prospectus growth of the retailing industry and the markets. These players include, Broadcom Inc., Intel Corporation, Micron Technology, Samsung Electronics, Toshiba, Macronix International Co., Ltd., Taiwan Semiconductor, Sony, LAM Research, Texas Instruments these market players provide a level-playing competitive landscape.

In September 2020, Micron Technology partnered with Alliance Memory, designating Alliance as a global reseller of Micron's semiconductor and memory chip products.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2018-2029

Base Year 2021

Estimated Year 2022

Forecast Period 2022-2029

Historical Period 2018-2020

Unit Value (USD Billion)

Segmentation By Type

SRAM

MRAM

DRAM

Flash ROM

By End-user Industry

Consumer Electronics

IT & Telecommunication

Automotive

Aerospace & Defense

Healthcare

Others (Manufacturing, Energy and Utility, Oil & Gas)

By Region

North America (By Type, By End-User Industry and By Country)

U.S. (By Type)

Canada (By Type)

Mexico (By Type)

Europe (By Type, By End-User Industry and By Country)

U.K. (By Type)

Germany (By Type)

France (By Type)

Italy (By Type)

Spain (By Type)

Russia (By Type)

Benelux (By Type)

Nordics (By Type)

Rest of Europe (By Type)

Asia Pacific (By Type, By End-User Industry and By Country)

China (By Type)

India (By Type)

Japan (By Type)

South Korea (By Type)

ASEAN (By Type)

Oceania (By Type)

Rest of Asia Pacific (By Type)

Middle East & Africa (By Type, By End-User Industry and By Country)

Turkey (By Type)

Israel (By Type)

GCC (By Type)

North Africa (By Type)

South Africa (By Type)

Rest of Middle East and Africa (By Type)

South America (By Type, By End-User Industry and By Country)

Brazil (By Type)

Argentina (By Type)

Rest of South America (By Type)

Please Note: It will take 5-6 business days to complete the report upon order confirmation.