Semiconductor Memory Global Market Report 2024

Description

“Semiconductor Memory Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on semiconductor memory market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for semiconductor memory? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The semiconductor memory market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

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
Companies Mentioned: Micron Technology Inc.; Samsung Electronics Co. Ltd.; SK hynix Inc.; Intel Corporation; International Business Machines Corporation (IBM)
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Semiconductor memory serves as the primary memory component in microcomputer-based systems, responsible for storing programs and data. This digital electronic semiconductor system is crucial for computer memory and other forms of digital data storage. Typically, semiconductor memory refers to MOS (metal-oxide-semiconductor) memory, where data is stored in the MOS memory cell of a silicon integrated circuit memory chip.

The major types of semiconductor memory include SRAM, MRAM, DRAM, flash ROM, and others. SRAM, or Static Random-Access Memory, is a type of semiconductor device that allows for faster read and write times compared to DRAM, with a significantly shorter cycle time (usually 10 ns against 60 ns for DRAM) because it doesn't require waiting between accesses. Key technologies involved in semiconductor memory include RAM (Random-Access Memory) and ROM (Read-Only Memory). Semiconductor memory finds applications in various sectors, including consumer electronics, IT and telecommunications, automotive, industrial, aerospace and defense, medical, and others.

The semiconductor memory market research report is one of a series of new reports from The Business Research Company that provides semiconductor memory market statistics, including semiconductor memory industry global market size, regional shares, competitors with a semiconductor memory market share, detailed semiconductor memory market segments, market trends and opportunities, and any further data you may need to thrive in the semiconductor memory industry. This semiconductor memory market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The semiconductor memory market size has grown strongly in recent years. It will grow from $95.55 billion in 2023 to $101.27 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The expansion observed in the historical period can be attributed to rapid innovation cycles, industry consolidation, trends in cost reduction, the evolving needs of enterprise computing, and the demand for consumer electronics.

The semiconductor memory market size is expected to see strong growth in the next few years. It will grow to $127.5 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The anticipated growth in the forecast period can be attributed to market demand dynamics, considerations of production capacity and supply chain management, emerging applications, competitive forces and market strategies, as well as regulatory and trade factors. Major trends expected in this forecast period include the rise of edge computing, a growing demand for low-power memory solutions, applications of AI and machine learning, the emergence of 3D NAND technology, and a shift toward non-volatile memory solutions.

The semiconductor memory market is poised for growth, driven by the increasing usage of smart devices. These wireless gadgets, connecting to apps, the internet, or other devices, heavily rely on semiconductor memory as a vital component for storing and processing vast amounts of data. Data Conomy reported in September 2022 that the global average of connected smart devices and home appliances per household reached 17.1 by the end of June 2022, marking a 10% increase from the previous year. This surge in smart device usage is a key factor propelling the semiconductor memory market forward.

The driver for the semiconductor memory market is the escalating demand for electronic devices. These devices, utilizing electronic components for various functions, showcase diverse uses of semiconductor memory-from temporary storage for active processes to storing firmware and providing high-capacity, non-volatile storage for data and applications. According to the Japan Electronics and Information Technology Industries Association, electronic device production in Japan accounted for $6,722 million (¥771,457 million) in May 2023, with consumer electronics device production reaching $280 million (¥32,099 million) compared to $230.9 million (¥25,268 million) in May 2022. The increasing demand for electronic devices is expected to drive the growth of the semiconductor memory market.

In the semiconductor memory market, technological advancements are a prominent trend, with key players focusing on developing products featuring advanced technologies to maintain their market position. For example, Lexar International introduced the Lexar ARES DDR4 Desktop Memory in February 2022, designed to enhance PCs with RGB lighting and high-speed DDR4 overclocked performance, catering to gamers seeking improved gaming experiences.

Major companies in the semiconductor memory market are also emphasizing innovation, such as the development of 3D NAND-DRAM. NEO Semiconductor unveiled 3D X-DRAM in May 2023, presenting the world's first 3D NAND-similar DRAM cell array. This technology aims to address DRAM's capacity limitations and act as a comprehensive replacement for 2D DRAM, offering high-speed, high-density, cost-effective, and high-yield solutions.

In August 2021, strategic acquisitions contribute to market dynamics. Renesas Electronics Corporation acquired Dialog Semiconductor PLC for $5.7 billion, expanding its market presence by integrating Dialog's low-power mixed signal solutions, connectivity expertise, flash memory, batteries, and power management.

Major companies operating in the semiconductor memory market report are Micron Technology Inc., Samsung Electronics Co. Ltd., SK hynix Inc., Intel Corporation, International Business Machines Corporation (IBM), Fujitsu Limited, Cypress Semiconductor Corporation, Toshiba Corporation, Integrated Silicon Solution Inc., Macronix International Co. Ltd., Taiwan Semiconductor Manufacturing Company Limited (TSMC), Texas Instruments Incorporated, Crocus Technology SA, Everspin Technologies Inc., NXP Semiconductors N.V., ROHM Co. Ltd., STMicroelectronics N.V., Maxim Integrated Products Inc., NVIDIA Corporation, Kioxia Corporation, Analog Devices Inc., Applied Materials Inc., Microchip Technology Incorporated, Semiconductor Components Industries LLC, Renesas Electronics Corporation, Infineon Technologies AG, Winbond Electronics Corporation, Alliance Memory Inc., GigaDevice Semiconductor (Beijing) Inc., ISSI/Chingis Technology Corporation, Adesto Technologies Corporation, Netlist Inc

Asia-Pacific was the largest region in the semiconductor memory market in 2023. The regions covered in the semiconductor memory market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the semiconductor memory market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The semiconductor memory market consists of sales of flash DDR4, DDR3 and NOR (non-volatile storage). Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11324

1. Executive Summary

2. Semiconductor Memory Market Characteristics

3. Semiconductor Memory Market Trends And Strategies

4. Semiconductor Memory Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Semiconductor Memory Market Size and Growth

5.1. Global Semiconductor Memory Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Semiconductor Memory Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Semiconductor Memory Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Semiconductor Memory Market Segmentation

6.1. Global Semiconductor Memory Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
SRAM
MRAM
DRAM
Flash ROM
Other Types
6.2. Global Semiconductor Memory Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
RAM
ROM
6.3. Global Semiconductor Memory Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Consumer Electronics
IT and Telecommunications
Automotive
Industrial
Aerospace and Defense
Medical
Other Applications

7. Semiconductor Memory Market Regional And Country Analysis

7.1. Global Semiconductor Memory Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Semiconductor Memory Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Semiconductor Memory Market

8.1. Asia-Pacific Semiconductor Memory Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Semiconductor Memory Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Semiconductor Memory Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Semiconductor Memory Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Semiconductor Memory Market

9.1. China Semiconductor Memory Market Overview
9.2. China Semiconductor Memory Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Semiconductor Memory Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Semiconductor Memory Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Semiconductor Memory Market

10.1. India Semiconductor Memory Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Semiconductor Memory Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Semiconductor Memory Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Semiconductor Memory Market

11.1. Japan Semiconductor Memory Market Overview
11.2. Japan Semiconductor Memory Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Semiconductor Memory Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Semiconductor Memory Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Semiconductor Memory Market

12.1. Australia Semiconductor Memory Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Semiconductor Memory Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Semiconductor Memory Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Semiconductor Memory Market

13.1. Indonesia Semiconductor Memory Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Semiconductor Memory Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Semiconductor Memory Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Semiconductor Memory Market

14.1. South Korea Semiconductor Memory Market Overview
14.2. South Korea Semiconductor Memory Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Semiconductor Memory Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Semiconductor Memory Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Semiconductor Memory Market

15.1. Western Europe Semiconductor Memory Market Overview
15.2. Western Europe Semiconductor Memory Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Semiconductor Memory Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Semiconductor Memory Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Semiconductor Memory Market

16.1. UK Semiconductor Memory Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Semiconductor Memory Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Semiconductor Memory Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Semiconductor Memory Market

17.1. Germany Semiconductor Memory Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Semiconductor Memory Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Semiconductor Memory Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Semiconductor Memory Market

18.1. France Semiconductor Memory Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Semiconductor Memory Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Semiconductor Memory Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Semiconductor Memory Market

19.1. Italy Semiconductor Memory Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Semiconductor Memory Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Semiconductor Memory Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Semiconductor Memory Market

20.1. Spain Semiconductor Memory Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Semiconductor Memory Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Semiconductor Memory Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Semiconductor Memory Market

21.1. Eastern Europe Semiconductor Memory Market Overview
21.2. Eastern Europe Semiconductor Memory Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Semiconductor Memory Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Semiconductor Memory Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Semiconductor Memory Market

22.1. Russia Semiconductor Memory Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Semiconductor Memory Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Semiconductor Memory Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Semiconductor Memory Market

23.1. North America Semiconductor Memory Market Overview
23.2. North America Semiconductor Memory Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Semiconductor Memory Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Semiconductor Memory Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Semiconductor Memory Market

24.1. USA Semiconductor Memory Market Overview
24.2. USA Semiconductor Memory Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Semiconductor Memory Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Semiconductor Memory Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Semiconductor Memory Market

25.1. Canada Semiconductor Memory Market Overview
25.2. Canada Semiconductor Memory Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Semiconductor Memory Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Semiconductor Memory Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Semiconductor Memory Market

26.1. South America Semiconductor Memory Market Overview
26.2. South America Semiconductor Memory Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Semiconductor Memory Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Semiconductor Memory Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Semiconductor Memory Market

27.1. Brazil Semiconductor Memory Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Semiconductor Memory Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Semiconductor Memory Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Semiconductor Memory Market

28.1. Middle East Semiconductor Memory Market Overview
28.2. Middle East Semiconductor Memory Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Semiconductor Memory Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Semiconductor Memory Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Semiconductor Memory Market

29.1. Africa Semiconductor Memory Market Overview
29.2. Africa Semiconductor Memory Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Semiconductor Memory Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Semiconductor Memory Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Semiconductor Memory Market Competitive Landscape And Company Profiles

30.1. Semiconductor Memory Market Competitive Landscape
30.2. Semiconductor Memory Market Company Profiles
- 30.2.1. Micron Technology lnc.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Samsung Electronics Co. Ltd.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. SK hynix lnc.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Intel Corporation
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. International Business Machines Corporation
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Semiconductor Memory Market Competitive Benchmarking

32. Global Semiconductor Memory Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Semiconductor Memory Market

34. Semiconductor Memory Market Future Outlook and Potential Analysis

34.1 Semiconductor Memory Market In 2028 - Countries Offering Most New Opportunities
34.2 Semiconductor Memory Market In 2028 - Segments Offering Most New Opportunities
34.3 Semiconductor Memory Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer