The global semiconductor memory market is anticipated to grow US$ 735 billion at considerable CAGR around 29.0% over the forecast period. Semiconductor memory is an electronic device used as computer memory. Semiconductor memory is necessary part for today’s electronic devices. It’s a device in which digital information is maintained by using IC (Integrated Circuit) technology. Mounting demand for high capacity and low power memory is rapidly growing as new advanced portable electronic devices enhance overall performance with its reduced size. The report provides analysis of global semiconductor memory market for the period 2015-2026, wherein 2018 to 2026 is the forecast period and 2017 is considered as the base year.
Proliferation of Smartphone, ongoing technological advancements, digital evolution in electronic industry is escalating the overall market growth. Growing popularity for smartphones and introduction of technologically innovative smart devices are some of the major factors positively influencing the growth of the global semiconductor memory market. Digital evolutions in the consumer electronics industry and growing utilization of memory-based components in technologically advanced products are fueling the growth of the market globally. The growing consumption of semiconductor components in various industries such as automotive, consumer electronics and IT & telecom is driving the semiconductor memory market.
Additionally, the integration of IoT devices into the consumer & retail sector and growing popularity of the IoT technology in all industry verticals are also propelling the overall market growth. Nowadays, multiple companies across the world are deploying highly efficient and powerful semiconductor memory solutions with high storage capabilities in order to address the data center complexities, thereby increasing the growth of semiconductor memory market. However, various government regulations regarding different manufacturing standards are extensively affecting the sourcing of raw materials, consequently driving up the overall product cost. This factor is expected to hamper the growth of global semiconductor memory market over the forecast period. Moreover, increasing cost associated with existing fabrication plants may also hinder the growth of the market.
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The market research study on “Semiconductor Memory Market (By Type - Non-volatile Memory [ROM, EPROM, PROM, EEPROM, Flash Memory], Volatile Memory [RAM, SRAM, DRAM, SDRAM]; By Application - Consumer Electronics, Automotive, Industrial, Medical, Aerospace And Defense, Telecommunications, Others) 2018-2026” offers a detailed insights on global semiconductor memory market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global semiconductor memory market by type, application and major geographic regions. The report also covers basic metal fabrication development policies. Secondly, the report covers global semiconductor memory market size and segment markets by type, application and geography along with the information on companies operating in the market.
The global Semiconductor Memory market is characterized by the presence of experienced and established players. Some of the key players include NXP Semiconductors, Intel Corporation, Cypress Semiconductor Corporation, SK Hynix, Inc., Microchip Technology, Inc., Micron Technology, Inc., Samsung Electronics Co., Ltd. and Renesas Electronics Corporation.
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