The Global Memory ICs Market size is projected to reach USD X, XXX.X Million by 2028 from an estimated USD 4,580.5 Million in 2018 at a CAGR of 5.1% during the forecast period (2021-2028). The growth drivers are the high demand for memory devices in consumer electronics, commercial electronics, and industrial applications coupled with the rapid adoption of new technologies such as 3D NAND technology which has improved storage capacity and reduced cost per GB compared to DRAMs.
A memory integrated circuit (IC) is a type of semiconductor device that can store digital data. Memory ICs are used in a wide variety of electronic devices, including personal computers, tablets, smartphones, and other consumer electronics products. A Memory IC contains a memory array and control circuitry. The basic function of the Memory IC is to store data in an encoded state for future use or retrieval. It can retain its contents even when there is no power supply present that allows it to be used in a larger system. It can hold data indefinitely until new information is written over it or when power is lost and the memory chip needs to be reprogrammed.
On the basis of Type, the global memory ICs market is segmented into SRAM, DRAM, and EPROM.
SRAM stands for Static Random-Access Memory, which is a type of memory that does not need to be refreshed as it stores the information in its cells even when there’s no power. SRAM is a key memory IC type in the field of electronics. It holds data temporarily and uses less power than DRAM to preserve content for longer periods of time. The access times are faster compared to other types, making it ideal for applications that require quick read/write cycles such as CPUs, DSPs, and GPUs.
DRAM is a type of random access memory that stores data as bits on the capacitor plates of an integrated circuit. The bit can be accessed or changed without having to erase the entire word. It has been used in computers, gaming consoles, and other electronics devices ever since. DRAM is called dynamic because it requires a constant flow of electricity to maintain its memory. DRAM is the most common type of memory found in computers and other electronic devices. It is used for short-term storage, such as when a program is running and can be accessed quickly. When data is no longer needed, it is stored in the hard drive.
EPROM, or Erasable Programmable Read-Only Memory, is a type of memory that can be erased and rewritten. This makes it ideal for storing data that needs to be changed frequently, such as in microcontrollers or BIOS settings. EPROMs are available in both DIP (dual in-line package) and SOL (small outline) packages. Some of the features of EPROM include non-volatility, high endurance, and data retention. These characteristics make it an ideal choice for applications such as automotive electronics, industrial control systems, and medical devices. Additionally, EPROM is also used in military and aerospace applications. It is worth noting that EPROM has a limited write cycle.
On the basis of Application, the global memory ICs market is segmented into Consumer Electronics, Commercial Electronics, and Industrial Electronics.
Memory ICs are used in various applications such as consumer electronics, commercial electronics, and Industrial Electronics. Memory devices have become an integral part of today's electronic products such as mobile phones, laptops, tablets, and smart wearables among others. These memory devices help to store information that can be retrieved whenever needed by the end-users or consumers.
The application of memory ICs is very high in the Commercial Electronics industry. Memory devices are used for many commercial electronic applications, including computing and telecommunication. The need to develop smaller, faster and more compact memories challenge semiconductor manufacturers to deliver new technologies that allow for improved data storage capacity due to continuous reduction in device dimensions across all product segments.
In the Industrial Electronics industry, Memory ICs are used in various applications such as those found within data transfer interfaces and communication devices. Memory ICs help to store information on a computer chip that is electronically reusable by a machine or device for its intended use. This means that memory can be quickly accessed without requiring an external power source. Additionally, the use of Memory ICs within Industrial Electronics helps to improve product efficiency and performance. For example, by reducing the number of discrete components required in a system, overall power consumption is minimized. This ultimately improves safety and reliability while also lowering manufacturing costs. In some cases, Memory ICs are also used for data logging or storage purposes in order to maintain a history of system operations.
On the basis of Region, the global memory ICs market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The Asia Pacific region dominated with the highest CAGR during the forecast period. Some players are investing in this region due to the untapped opportunities and high growth potential. The North American market is expected to hold the largest share of the memory ICs market during 2021, followed by Europe. The U.S., Canada, Germany are some major economies covered under the North American region which are contributing to a large share of regional revenue. This factor is expected to boost the market growth during the forecast period. Latin America is also anticipated to witness high demand for memory ICs particularly in Brazil, Mexico, and Argentina which are driving regional revenue at a significant rate. On the other hand, APEJ represents an emerging region due to rapid industrialization and the large population base.
-The increasing demand for consumer electronics and commercial electronics is driving the growth of the global memory ICs market.
-The increasing demand for cloud storage and big data is also propelling the growth of the global memory ICs market.
-The expanding automotive electronics market is contributing to the growth of the global memory ICs market.
-The growing demand for smart homes is also fueling the growth of the global memory ICs market.
-The rising demand for IoT is propelling the growth of the global memory ICs market.
-The increasing demand for wearable electronics is boosting the growth of the global memory ICs market.
-The growing popularity of augmented reality and virtual reality is contributing to the growth of the global memory ICs market.
-The rising demand from emerging economies such as China, India, and Brazil is fuelling the growth of the global memory ICs market.
-The growing trend of miniaturization is aiding the growth of the global memory ICs market.
-The advancements in technology are providing opportunities for the growth of the global memory ICs market.
Up Market Research published a new report titled “Memory ICs Market research report which is segmented by Types (SRAM, DRAM, EPROM, Other), By Applications (Consumer Electronics, Commercial Electronics, Industrial Electronics), By Players/Companies Texas Instruments, ROHM, Intel, Maxim Integrated, Microchip Technology, NXP, Fujitsu Electronics, Honeywell, Renesas Electronics Corporation, ON Semiconductor, Alliance Memory, Yangtze Memory Technology, Hefei Chang Xin (Innotron Memory), Fujian Jinhua Integrated Circuit Co. (JHICC).”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||Memory ICs Market Research Report|
|By Type||SRAM, DRAM, EPROM, Other|
|By Application||Consumer Electronics, Commercial Electronics, Industrial Electronics|
|By Companies||Texas Instruments, ROHM, Intel, Maxim Integrated, Microchip Technology, NXP, Fujitsu Electronics, Honeywell, Renesas Electronics Corporation, ON Semiconductor, Alliance Memory, Yangtze Memory Technology, Hefei Chang Xin (Innotron Memory), Fujian Jinhua Integrated Circuit Co. (JHICC).|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||214|
|Number of Tables & Figures||150|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type SRAM, DRAM, EPROM, Other and By Application Consumer Electronics, Commercial Electronics, Industrial Electronics.
Some of the companies that are profiled in this report are:
Memory ICs Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Memory ICs Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
Reasons to Purchase the Memory ICs Market Report:
Some other reports from this category!