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Semiconductor Memory Market Size

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

Semiconductor Memory Market Size

Semiconductor Memory Market size surpassed USD 160 billion in 2022 and is anticipated to register 7.5% CAGR from 2023 to 2032 driven by the rising penetration of 5G and IoT devices globally.


As the Internet of Things (IoT), connectivity, automation and edge technologies are made possible by the fifth generation of wireless technology, IT companies are developing smarter, connected products to support them. Similarly, the rollout of 5G encourages semiconductor factories to develop the higher-performing, ultra-flat wafers required for these gadgets. Companies are taking advantage of the lucrative opportunities in the sector by taking efforts to develop production techniques for more wafers and chips in less time. Furthermore, increasing investments by several cities in the development of advanced data centers are projected to support growth by 2032.


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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