Global Semiconductor Memory Market 2023-2030

Title: Global Semiconductor Memory Market Size, Share & Trends Analysis Report by Type Volatile Memory (DRAM, SRAM, Others) Non-Volatile Memory (MROM, PROM, EPROM and FRAM) and by Application (Consumer Electronics, IT & Telecommunication, Automotive, Industrial, Aerospace & Defense, Medical and Others),Forecast Period (2023-2030).

The global semiconductor memory market is anticipated to grow at a CAGR of 11.9% during the Forecast Period (2023-2030). Semiconductor memory used as a semiconductor version of a hard disk, to store files. It is used in portable devices such as PDAs, USB flash drives, and removable memory cards used in digital cameras and cellphones. The growing adoption of non-volatile semiconductor memory technology with the improving code storage and data-logging applications is the key factor supporting the growth of the market globally. Hence, the market players are also focusing on introducing non-volatile Static RAMs (nvSRAM) semiconductor memory solutions that further bolster the market growth. For instance, in March 2021, Infineon Technologies LLC, an Infineon Technologies AG, launched second-generation non-volatile Static RAMs (nvSRAM). The new generation of devices is qualified for QML-Q and high-reliability industrial specifications to support demanding non-volatile code storage and data-logging applications in harsh environments, including aerospace and industrial applications.

According to the International Trade Administration (ITA), in November 2022, Japan maintains a high market share and international competitiveness in product groups such as memory (especially NAND), sensors (especially CMOS image sensors), and power semiconductors. Japan's approximate share of the global supply of semiconductors includes Semiconductor Chips (Logic, Micro, Memory, Analog) 6.0%, semiconductor manufacturing equipment 35.0%, and Semiconductor Materials 50.0%. In addition to storage media such as SD cards and USB, the NAND market has continued to expand rapidly as digitalization has expanded applications to digital cameras and smartphones, as well as solid-state drives (SSD) for PCs and data centers. While competition is mainly among Japanese, Korean, and US companies, Japan accounts for about a third of the global NAND production share.

Segmental Outlook

The global semiconductor memory market is segmented on the type, and application. Based on the type, the market is sub-segmented into volatile memory (DRAM, SRAM, and others (PSRAM, SDRAM) and non-volatile memory (MROM, PROM, EPROM and FRAM). Further, on the basis of application, the market is sub-segmented into consumer electronics, IT and telecommunication, automotive, industrial, aerospace and defense, medical and others (thin film). Among the applications, the consumer electronics sub-segment is anticipated to hold a considerable share of the market owing to the rise in the development of electronic data storage devices that use semiconductor technology to store digital data. These memories are widely used in various electronic devices, including computers, smartphones, tablets, digital cameras, and many others.

The Non-Volatile Memory Sub-Segment is Anticipated to Hold a Considerable Share of the Global Semiconductor Memory Market

Among the applications, the non-volatile memory sub-segment is expected to hold a considerable share of the global semiconductor memory market. The segmental growth is attributed to the growing adoption of non-volatile memory such as FRAM. It provide low power consumption, high endurance and high-speed writing, but is also the most suitable device for memory embedded applications. The new 8Mbit FeRAM brings customers the benefit of eliminating a data-backup battery necessary for SRAM in some cases. FeRAM product can solve the following issues arising from replacing SRAM with non-volatile memory. For instance, in November 2021, Fujitsu Semiconductor Memory Solution Ltd. launched a new 8Mbit FeRAM MB85R8M2TA with a parallel interface, that is the first product to guarantee 100 trillion read/write cycle times in Fujitsu's FeRAM product family. This memory IC is an ideal replacement for SRAM in industrial machines that require high-speed operation.

Regional Outlook

The global Semiconductor Memory market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America. Among these, North America is anticipated to hold a prominent share of the market across the globe, owing to the adoption of advanced semiconductor chip solutions capable of handling the substantial volume of generated and processed data. The key market players include Infineon Technologies, Intel Corp., Micron Technology, Netlist, Inc., SMART Modular Technologies and others.

The Asia-Pacific Region is Expected to Grow at a Significant CAGR in the Global Semiconductor Memory Market

Among all regions, the Asia-Pacific regions is anticipated to grow at a considerable CAGR over the forecast period. Regional growth is attributed to growing demand for memory-intensive products such as smartphones, tablets, and smart home appliances, fueling the need for advanced semiconductor memory solutions. Additionally, the growing adoption of cloud computing and data-driven applications across various industries bolstered the demand for high-performance solutions to support the massive data processing requirements.

According to the International Trade Administration (ITA), in November 2022, personal computer sales in early 2021 were up more than 50.0% year over year. In addition, semiconductor purchases related to cloud computing data centers increased by 30.0%. Moreover, demand for semiconductor products has been growing rapidly in the automotive industry. Semiconductor equipment sales in Japan have grown fourfold in the last ten years. SEAJ forecasts stable 5.00% annual growth of semiconductor sales in FY2024. The key market players include Kioxia Corp., Macronix International Co., Ltd., Samsung Electronics Co., Ltd., SK Hynix Inc., Winbond Electronics Corp. and others.

Market Players Outlook

The major companies serving the semiconductor memory market include: Advanced Micro Devices, Inc., Intel Corp., Micron Technology, Inc., NVIDIA Corp., SK Hynix, Inc., Taiwan Semiconductor Manufacturing Company Ltd., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in January 2023, Ossia Inc., the company behind FCC-approved Cota® Real Wireless Power™ - the patented technology that delivers power over-the-air, at a distance, and without the need for line-of-sight -that its technology open up market opportunities in the form of ePaper RFID Tags due to a strategic three-way partnership with Ossia, Marubun, and Fujitsu Semiconductor Memory Solution.

The Report Covers:

• Market value data analysis of 2022 and forecast to 2030.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global semiconductor memory market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.