PUBLISHER: The Business Research Company | PRODUCT CODE: 1713369
PUBLISHER: The Business Research Company | PRODUCT CODE: 1713369
A memory chip is a semiconductor device that consists of numerous capacitors and transistors, designed to store data either temporarily through random access memory (RAM) or permanently through read-only memory (ROM). Memory chips are essential for the operation of modern electronic devices, providing the necessary storage for data processing, application execution, and system functions.
The primary types of memory chips can be classified into volatile and non-volatile categories. Volatile memory refers to computer memory that requires a continuous power supply to maintain the data it stores. In the realm of modern semiconductor volatile memory, two prevalent types are Static RAM (SRAM) and Dynamic RAM (DRAM). SRAM retains its data content as long as power is supplied and is relatively easy to interface with, but it employs six transistors per bit. Memory chips are extensively utilized in a variety of electronic devices such as laptops, PCs, cameras, and smartphones. They are typically distributed through original equipment manufacturer (OEM) channels as well as aftermarket sales channels.
The memory chip market research report is one of a series of new reports from The Business Research Company that provides memory chip market statistics, including memory chip industry global market size, regional shares, competitors with a memory chip market share, detailed memory chip market segments, market trends and opportunities, and any further data you may need to thrive in the memory chip industry. This memory chip 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 memory chips market size has grown strongly in recent years. It will grow from $83.36 billion in 2024 to $90.99 billion in 2025 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to personal computers, smartphones and mobile devices, data center expansion, consumer electronics, emerging markets.
The memory chips market size is expected to see strong growth in the next few years. It will grow to $125.24 billion in 2029 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to ai and machine learning, 5g network expansion, iot and edge computing, autonomous vehicles, quantum computing. Major trends in the forecast period include nand flash advancements, 3d nand technology, non-volatile memory, custom memory solutions, memory security.
The surge in mobile, tablet, and other electronic device usage, along with the escalating data consumption trend, is expected to be a primary driver for the memory chip market. The escalating sales of electronic devices like smartphones and tablets are generating an increased volume of digital content, necessitating the use of memory chips for data storage. Notably, as per the International Telecommunication Union's November 2022 report, an estimated 73% of individuals aged 10 and above are projected to have access to smartphones, marking a 7% increase from the current overall population with internet access. This heightened smartphone usage will significantly augment the need for data storage, thereby fostering growth in the memory chip market.
The expansion of consumer electronics, including laptops and tablets, is poised to significantly propel the memory chip market's growth in the forthcoming years. These household electronic devices are primarily utilized for communication, entertainment, and productivity and rely on memory chips for data storage and processing. The growing demand for higher storage capacities and faster processing speeds in these consumer electronic devices is a key driving force behind the heightened demand for memory chips. For instance, according to a February 2023 Earthweb Inc. report, Lenovo, the leading PC vendor globally, dispatched nearly 17 million laptops in the third quarter of 2022, surpassing HP's 12.71 million shipments, Dell's 12.02 million, and Apple's 5.80 million. Thus, the increasing prevalence of consumer electronics like laptops and tablets serves as a pivotal driver for the memory chip market.
Advancements in technology are significantly shaping the memory chip market, leading to increased demand for chips capable of storing and processing data more efficiently. Researchers are developing memory chips that streamline data processing and reduce the time and energy required for data transfer, consequently enhancing processor speeds. Samsung Electronics, for instance, introduced the mass production of fifth-generation V-NAND memory chips known for their faster data transfer and an impressive write speed of 500 microseconds (μs), marking a 30% improvement over the previous generation. This enhancement in write speed, along with significantly reduced read-time to 50μs, reflects the impact of technological progress in expediting data transfer and conserving energy, thereby fueling market growth.
Major players within the memory chip market are directing their efforts towards innovative technologies, such as NAND flash technology, to better cater to their consumer base. NAND flash is a non-volatile memory technology known for its superior storage density and enhanced performance compared to standard NAND flash memory. Notably, Samsung Semiconductor Inc., in December 2022, launched the 8th generation (V8) of V-NAND, leveraging the technology's vertical construction that stacks memory cells in multiple layers, thereby amplifying storage capacity without increasing the chip's footprint. This technology is crucial in addressing demands in sectors like AI, self-driving cars, 5G, and cloud computing, which require increased productivity and performance. V-NAND's ability to balance power consumption and quality significantly influences its adoption in the market.
In June 2022, Kioxia Holdings Corporation, a US-based company that manufactures memory chips, acquired Chubu Toshiba Engineering Corporation, a subsidiary of Toshiba Corporation, for an undisclosed amount. This acquisition allows Kioxia to expand its portfolio by integrating Chubu Toshiba's expertise in memory chip manufacturing. Chubu Toshiba Engineering Corporation is a Japan-based company specializing in the production of memory chips.
Major companies operating in the memory chips market include Samsung Group, Sony Corporation, Toshiba Corporation, SK Hynix Inc., Micron Technology Inc., Intel Corporation, Transcend Information Inc., Fujitsu Microelectronics Inc., NXP Semiconductors N.V., Broadcom Inc., Qualcomm Incorporated, Texas Instruments Incorporated, Western Digital Corporation, Taiwan Semiconductor Manufacturing Company Limited (TSMC), Texas Instruments Incorporated (TI), MediaTek Inc., Avago Technologies, Renesas Electronics Corporation, Western Digital Corporation, Nanya Technology Corporation, Macronix International Co. Ltd., Winbond Electronics Corporation, Cypress Semiconductor Corporation, STMicroelectronics N.V., Infineon Technologies AG, ON Semiconductor Corporation, Integrated Silicon Solution Inc., Silicon Motion Technology Corporation, Powerchip Technology Corporation, United Microelectronics Corporation, Vanguard International Semiconductor Corporation, Advanced Micro Devices Inc., IBM Corporation, Micronas Semiconductor Holding AG, National Semiconductor Corporation, NEC Corporation, NVIDIA Corporation, Xilinx Inc.
Asia-Pacific was the largest region in the memory chip market in 2024. North America was the second-largest region in the memory chip market. The regions covered in the memory chips market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the memory chips market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada
The memory chip market consists of sales of static random-access memory (SRAM), dynamic random-access memory (DRAM), Programmable ROM (PROM), NAND Flash, and other memory chips. 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.
Memory Chips Global Market Report 2025 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 memory chips 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.
Where is the largest and fastest growing market for memory chips ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The memory chips 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.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.