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Semiconductor Memory Market Analysis

  • Report ID: GMI2548
  • Published Date: Dec 2022
  • Report Format: PDF

Semiconductor Memory Market Analysis

The read only memory (ROM) segment is projected to register over 5% growth during 2023 to 2032. The growing need for high-speed data transmission, power efficiency and high-performance of these devices across consumer electronic applications has led key competitors to offer new products for embedded applications to acquire a competitive edge, which is speculated to propel segment development.

 

The EPROM semiconductor memory market generated USD 250 million revenue in 2022. The widespread application of EPROM solutions to store information and basic software for video cards and modems is increasing product acceptance. Moreover, the high demand for faster memory as well as high-capacity storage in AI, ML and complicated databases is expected to supplement industry growth.

 

The consumer electronics application segment is poised to attain 40% share by 2032. Since wearable electronic devices are heavily integrated with low-power memory components, including MRAM, EEPROM and NAND flash memory, the segment's development is attributable to the rising demand for wearable devices, which is anticipated to create massive growth potential for semiconductor memory producers. Additionally, the widespread use of AI and IoT technologies in wearable electronic devices is likely to accelerate business development.

 

The Asia Pacific semiconductor memory market held 50% of the global share in 2022 and is speculated to grow substantially by 2032. The growing demand for high-capacity, low-power memory for the development of compact-sized smart portable electronic devices is a significant driver fueling product demand in large APAC nations such as China and India. Moreover, governments are launching programs aimed at promoting semiconductor production in the region, which is set to stimulate the industry progress.
 

Global Semiconductor Memory Market Share, By Region

 

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The market size of semiconductor memory exceeded USD 160 billion in 2022 and is projected to grow at more than 7.5% CAGR between 2023 and 2032 owing to the proliferation of 5G and IoT devices globally.

The consumer electronics segment is set to hold over 40% of the semiconductor memory industry share by 2032, due to the growing demand for wearable electronic devices.

The Asia Pacific market garnered over 50% of the revenue share in 2022 and is poised to grow substantially during 2023 to 2032 on account of the growing product demand for the development of compact electronic devices.

Micron Technology, Samsung Electronics Co., Ltd., Winbond Electronics Corporation, Kioxia Corporation, SK Hynix, Inc., Fujitsu Limited, and Western Digital Corporation, are some of the well-established companies in the business scenario.

Semiconductor Memory Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 18
  • Tables & Figures: 336
  • Countries covered: 19
  • Pages: 240
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