An Increasing Adoption of Semiconductor Memory Chips Globally to Bolster the Growth of the Market

Published: Oct 2023

The global semiconductor memory market is anticipated to grow at a CAGR of 11.9% during the forecast period (2023-2030). The increasing adoption of semiconductor components across various industries, including automotive, consumer electronics, and IT & telecom. Electronic device that serves as computer memory/chips by utilizing Integrated Circuit (IC) technology. Advancements in flash memory technology, such as 3D NAND flash, are driving its adoption and are expected to contribute to the significant growth of the flash ROM segment in the semiconductor memory market. According to the International Trade Administration (ITA), in November 2022, Major market players developing highly integrated, high-capacity flash memory to support the evolution of electronic devices and the progress of the information society on a global scale.

Browse the full report description of “Semiconductor Memory Market Size, Share & Trends Analysis Report by Type Volatile Memory (DRAM, SRAM, Others) Non-Volatile Memory (MROM, PROM, EPROM and FRAM) and by Application (Consumer Electronics, IT & Telecommunication, Automotive, Industrial, Aerospace & Defense, Medical and Others), Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/semiconductor-memory-market

Innovative 3D X-DRAM™ allows the memory industry to leverage current technologies, nodes and processes for enhancing DRAM products with NAND-like 3D architectures. Evolving from 2D to 3D architectures has introduced compelling and extremely valuable benefits to NAND flash, so achieving a similar evolution for DRAM is highly desirable industry-wide. For instance, in May 2023, NEO Semiconductor, a developer of innovative technologies for 3D NAND flash and DRAM memory, launched its advanced- technology, 3D X-DRAM™.

Speedy implementation of silicon and system-level innovations and enable next-generation HPC and mobile applications using 3DFabric technologies, 3D silicon stacking and advanced packaging technologies. For instance, in October 2022, TSMC launched Open Innovation Platform®(OIP) 3DFabric Alliance at the 2022 Open Innovation Platform Ecosystem Forum. To accelerate 3D IC ecosystem innovation and readiness, with a full spectrum of best-in-class solutions and services for semiconductor design, memory modules, substrate technology, testing, manufacturing, and packaging.

As data storage and computational demands on the automotive sector continue to grow, the company aims to deliver optimized memory solutions for automotive customers and reinforce its development and quality enhancement efforts. For instance, in July 2023, Samsung Electronics, a world leader in advanced semiconductor technology, that it has launched mass production of its new automotive Universal Flash Storage (UFS) 3.1 memory solution optimized for in-vehicle infotainment (IVI) systems. Samsung’s new UFS 3.1 solution addresses a wide range of customer needs for optimized IVI systems while pushing forward with next-generation memory trends that require higher ESG standards

Market Coverage

The market number available for – 2022-2030

Base year- 2022

Forecast period- 2023-2030

Segment Covered- 

o By Type

o By Application

Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- includes Advanced Micro Devices, Inc., Intel Corp., Micron Technology, Inc., NVIDIA Corp., SK Hynix Inc., Taiwan Semiconductor Manufacturing Company Ltd., and others.

Key questions addressed by the report

What is the market growth rate?

Which segment and region dominate the market in the base year?

Which segment and region will project the fastest growth in the market?

Who is the leader in the market?

How are players addressing challenges to sustain growth?

Where is the investment opportunity?

Global Semiconductor Memory Market Report Segment

By Type

  • Volatile memory
  • DRAM
  • SRAM
  • Others (PSRAM, SDRAM)

Non-Volatile Memory

  • MROM
  • PROM
  • EPROM
  • FRAM

By Application

  • Consumer Electronics
  • IT & Telecommunication
  • Automotive
  • Industrial
  • Aerospace & Defense
  • Medical
  • Others (Thin Film)

Global Semiconductor Memory Market Report Segment by Region

North America

United States

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe 

Asia-Pacific

China

India

Japan

South Korea

Rest of Asia-Pacific 

Rest of the World

Latin America 

Middle East & Africa


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