According to a new report Global Semiconductor Memory Market, published by KBV research, The Global Semiconductor Memory Market size is expected to reach $127.3 billion by 2026, rising at a market growth of 7.5% CAGR during the forecast period.
Rapid growth in the electronics industry, together with the use of memory-based elements in advanced devices like smart phones, wearable devices and electronic gadgets, is pushing ahead with market growth worldwide. Growing use of automotive and electronic devices, such as Flash ROM and DRAM, fuels the market for embedded gadgets and chips. The lighting and ADAS systems DRAM, Flash ROM and offer higher speeds and better vehicle connectivity.
The consumer electronics segment recorded a dominant market share. Consumer electronics segment is expected to provide significant growth opportunities for all players involved in the value chain on the back of the increased adoption of semiconductor memory in smartphones, wearable devices and tablets around the globe. Semiconductor memory offers a variety of advantages, including increased storage, enhanced volatile memory, high endurance and low power consumption, leading to increased acceptance of the component in the consumer electronics industry.
Asia Pacific had the largest share of more than 45.0 per cent in 2019. Growth is attributed to increasing investment in data centers in countries such as India, Singapore and Indonesia, creating high demand for semiconductor memory in the region. North America is expected to emerge as the fastest expanding regional market in the forecast period, followed by Europe.
Structural Insights: https://www.kbvresearch.com/semiconductor-memory-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of IBM Corporation, Infineon Technologies AG (Cypress Semiconductor Corporation), NXP Semiconductors N.V., Samsung Electronics Co., Ltd. (Samsung Group), Intel Corporation, Fujitsu Limited, Texas Instruments, Inc., Toshiba Corporation (Toshiba Electronic Devices & Storage Corporation), Macronix International Co., Ltd., and Crocus Technology, Inc.
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