The memory chips global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Memory Chips Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The memory chips market size has grown strongly in recent years. It will grow from $92.92 billion in 2023 to $99.78 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. 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 $130.42 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. 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.
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Scope Of Memory Chips Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Memory Chips Market Overview
Market Drivers –
Rising penetration of mobile, tablet and other electronics and rising data consumption will drive the memory chip market. Increase in sales of electronic devices such as smart phones and tablets leads to an increase in generation and consumption of digital content and require memory chips to store data For instance, in November 2022, according to the International Telecommunication Union, a Switzerland-based United Nations department responsible for a wide range of issues, including communication and information technology, 73% of individuals aged 10 and above are expected to have accessibility to a smartphone in 2022, 7% more than the fraction of the overall population that accesses the Internet currently. This increasing use of smart phones is expected to increase the necessity to store data, hence driving the memory chip market.
Market Trends –
Companies in the memory chip market are developing chips with major technological changes that contribute to the growth of demand for memory chips. Researchers are creating memory chips that can store and process the data, reducing the time and energy required to transfer data and increase the speed of processors. For instance, Samsung Electronics announced mass production of fifth-generation V-NAND memory chips that transfer data faster and additionally has the fastest data write speed at 500-microseconds (μs). This write speed is a 30% improvement over the previous generation, and the read-time has significantly reduced to 50μs. Technological advances reducing the data transfer time and energy contribute to the growth of the market.
The memory chips market covered in this report is segmented –
1) By Type: Volatile, Non Volatile
2) By Application: Laptop/PCs, Camera, Smartphone
3) By Sales Channel: OEM, Aftermarket
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Regional Insights –
Asia-Pacific was the largest region in the memory chip market in 2023. 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
Key Companies –
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.
Table of Contents
1. Executive Summary
2. Memory Chips Market Report Structure
3. Memory Chips Market Trends And Strategies
4. Memory Chips Market – Macro Economic Scenario
5. Memory Chips Market Size And Growth
…..
27. Memory Chips Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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