Press release
Memory Device Market is projected to reach USD 376.84 Billion by 2030 : Cognitive Market Research
Memory Device Market is projected to reach USD 376.84 Billion by 2030 : Cognitive Market Research
- Semiconductor memory is a major storage device used to replace volatile memory in microcomputer-based systems. This device is used to store data and programs. ROM, PROM, EPROM, EEPROM, SRAM, and DRAM are some types of semiconductor memory devices. The primary storage elements in memory devices are semiconductor devices that permanently store code and information. Semiconductor memory is directly accessible by a microprocessor and is generally considered more reliable and efficient than other types of memory.
Summary:
- As per Cognitive Market Research, Global Memory Device market size will be $376.84 billion by 2030. Memory Device Industry's Compound Annual Growth Rate will be 16.2% from 2023 to 2030.
"To know more about The Memory Device Market statistics click here: https://www.cognitivemarketresearch.com/memory-device-market-report
Market Dynamics:
• Drivers:
Increasing adoption of IoT technologies and smart devices is a major part of implementing IoT projects that facilitate automation driving the the global market. Emerging economies are increasingly adopting the latest technologies, which will increase the demand for semiconductors and glvoverec de mo period. Due to the integration of the Internet of Things (IoT) and automation in various industrial sectors such as IT and telecommunications, consumer electronics, automotive and manufacturing, the use of semiconductor materials inside devices is increasing.
• Restraints:
Semiconductor memory devices are rapidly gaining popularity. However, the start-up costs required to set up any memory device manufacturing plant are too high. The various components used in these devices such as wafers, MOSFETs, transistors and cooling systems are very dense. This directly affects the retail cost of the final product.
• Opportunities:
The memory devices market has experienced extraordinary growth owing to the growing demand and adoption of Internet of Things (IoT) technologies. Rising R&D spending is expected to provide more attractive and rewarding growth opportunities for the semiconductor memory industry. The proliferation of high-capacity and low-power memory along with technological advancements drive the market growth rate.
Market Segmentation:
Type:
• Dram
• Sram
• Emmc
• Flash
• Others
Application:
• Consumer Products
• PC/Laptop
• Smartphone/Tablet
• Data Center
• Automotive
• Others
End User:
• Consumer Electronics
• IT & Telecommunication
• Automotive
• Aerospace & Defense
• Healthcare
• Others
The Major Players in Memory Device Market are: Maxwell Technologies, Panasonic, ON Semiconductor, Transcend Information. Inc, Kingston, SanDisk, Micron Technology Inc, Toshiba, Samsung, Sony, Verbatim Americas LLC, Atmel, IMEC, G.SKILL International Enterprise, Corsair, STMicroelectronics, PNY Technologies, SK Hynix, ROHM Semiconductor, Mushkin
Get free sample pages of the latest published Memory Device Market Report: https://www.cognitivemarketresearch.com/memory-device-market-report#request_sample
Regional Analysis:
- The Asia Pacific market is expected to hold the highest revenue share in the global market during the forecast period. Key players have been implementing several business approaches which are helping to drive the market in the region. China is the leading country in terms of revenue generation. China's world-leading production facilities and rapid adoption of emerging technologies such as IoT and automation in industrial and residential operations will increase market penetration in China. Some prominent players have been embracing various business approaches such as acquisitions, business expansions, and partnerships to strengthen the market in the country. China is a global semiconductor manufacturing hub, which will drive the growth of the Chinese market.
News:
• November 2021 - Global semiconductor supplier Silicon Catalyst has partnered with Sony Semiconductor. This partnership enables the two companies to innovate technology or high-end memory chips and provide customers with better solutions.
• July 2021- Intel Corp., a global supplier of high-end processors and memory storage systems, has partnered with smartphone processor supplier MediaTek. Through this partnership, the two companies will be able to share foundries that manufacture semiconductors and memory devices.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Memory Device Market
• 3.1 Global Memory Device Market Size 2018 - 2030, (USD Million)
• 3.2 Global Memory Device Value, Absolute & Opportunity Analysis
• 3.3 Global Memory Device Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Memory Device Market Statistics 2022: Snapshot
Chapter 4 Global Memory Device Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Memory Device Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Memory Device Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Memory Device Market by End User Segmentation Analysis (2018-2030)
Chapter 12 Global Memory Device Market Regional Analysis
Chapter 13 North America Memory Device Market Outlook (2018 - 2030)
Chapter 14 Europe Memory Device Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Memory Device Market Outlook (2018 - 2030)
Chapter 16 Latin America Memory Device Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Memory Device Market Outlook (2018 - 2030)
Chapter 18 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about Memory Device Market TOC click here: https://www.cognitivemarketresearch.com/memory-device-market-report#table_of_contents
Related Report:
• Opto Semiconductors market - https://www.cognitivemarketresearch.com/opto-semiconductors-market-report
• Microcontroller market - https://www.cognitivemarketresearch.com/microcontroller-market-report
• Discrete Semiconductors market - https://www.cognitivemarketresearch.com/discrete-semiconductors-market-report
• Semiconductor market - https://www.cognitivemarketresearch.com/semiconductor-market-report
Blog:
• Why Market Research is Crucial for Retailers - https://www.cognitivemarketresearch.com/blog/why-market-research-is-crucial-for-retailers
To view ABB Company Profile click here: https://www.cognitivemarketresearch.com/company_profile/abb
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• With rising disposable income and growing consumer investment in technology products, the demand of VR headsets is increasing. - https://www.cognitivemarketresearch.com/articles/with-rising-disposable-income-and-growing-consumer-investment-in-technology-products-the-demand-of-vr-headsets-is-increasing.
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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