Info
Info
News Article

Semiconductor Memory Market Worth Over USD 250 Bn By 2026

News

According to the latest report “Semiconductor Memory Market by Type (RAM, ROM), Application (Aerospace & Defense, Automotive, Consumer Electronics, Industrial, Medical, Telecommunications), Regional Outlook, Competitive Market Share & Forecast 2026”, by Global Market Insights, Inc., the market valuation of semiconductor memory will cross $250 billion by 2026. The market growth is attributed to digital evolution in the semiconductor industry and rising adoption of memory-based components in various industries segments.

The industrial application segment in the market will register around 13% gains through 2026 as rising adoption of IoT technology in cameras, smart devices, etc. will drive the demand for non-volatile memory products. The technological innovations in the industrial segment with AI and big data will boost the demand for high information storage and faster processing requirements. This will increase the adoption of several memory solutions, contributing to market growth.

The RAM memory type dominates the semiconductor memory market with the DRAM sub-segment accounting for over 75% revenue share in 2019. This is due to its wide adoption in mobile devices to run data and command in the processor. Memory providers are continuously enhancing their DRAM memory solution due to rising demand for mobile & computer devices worldwide.

The growing demand for real-time data simulation in autonomous vehicles has attracted major players to invest in cloud-based technologies. This will increase the requirement for memory solutions, further driving market revenue.

The Europe semiconductor memory market is set to witness a growth of over 10% during the forecast period due to the expansion of the automotive manufacturing sector in the region. Manufacturers for automotive electronics in the region are the key customers of semiconductor memory solutions on account of increasing usage of ADAS, braking systems, and automotive lighting. Advanced characteristics including connectivity features and high memory processing provide high efficiency to automobile systems.

Asia Pacific held a share of approximately 49% in the global semiconductor memory market in 2019. The growth is majorly attributed to the presence of leading memory solution providers in the region. Furthermore, the consumer electronics and automotive sectors in the region will also increase the consumption of various computing features and memory devices.

WEBINAR: Smart Manufacturing
Oxford Instruments’ Plasma Technology And NanoScience Businesses Collaborate With The Consortium
Intel Shines Amidst The Carnage Of The 2019 Semiconductor Market
Park Systems Announces $1 Million Dollar Nano Research Grant Fund
Imagination Technologies Commits To The UK As It Looks To Accelerate Growth In New Areas Of Technological Innovation
The ASM 306 S Helium And Hydrogen Sniffer Leak Detector For Easy And Accurate Full-time Sniffing Operations
Infineon Withdraws Outlook For FY20
Pfeiffer Vacuum Introduces Extremely Quiet, Dry Pumps
SUSS MicroTec Purchases The Inkjet Printer Division Of Meyer Burger B.V.
ACM Research Launches Stress-Free Polishing Tool For Advanced Packaging Applications; Delivers First Tool To Leading Chinese OSAT
Semiconductor Manufacturing: Achieving Water Authority Compliance
Picosun And A*STAR’s IME To Create Novel, High Performance Memories
Dow Launches Fast Curing Silicone Adhesive
Picosun Group’s Strong Growth Continues In 2020
Park Systems Completes Equity Investment In Molecular Vista
Ereztech Expands US Footprint, Opens R&D Lab
Particle Measuring Systems Releases 20 Nm Syringe Sampler
The AP&S Demo Center Will Help You. Request Your Wet Process Demonstration And Be Part Of It Live Via Video Chat.
Efinix’s Trion FPGA Silicon Platform Expands Into Europe
Imec Builds World’s First Spiking Neural Network-Based Chip For Radar Signal Processing
Picosun Reinforces Local Operations During The COVID-19 Epidemic
Structural Defects In A TO-220
SPTS Technologies Honored With Queen’s Award For Enterprise In Innovation 2020
Infineon Technologies AG Completes Acquisition Of Cypress Semiconductor Corporation

Info
×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the Silicon Semiconductor Magazine, the Silicon Semiconductor Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
X
Info
X
Info
{taasPodcastNotification}