The global memory integrated circuit market is projected to reach $261.7 billion by 2028, at a CAGR of 6.5% during 2023-2028. The growth of memory integrated circuit market is driven by increasing proliferation of smartphones, rising demand for low-power memory requirements in portable wireless devices, and growing requirement for high capacity data storage applications.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the memory integrated circuit
market by product (DRAM (dynamic random-access memory), NAND flash memory, and
others), application (consumer electronics, automotive, IT &
telecommunication, healthcare, and industrial), and region (North America,
Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the business
risks and threats to the memory integrated circuit market?
Q.4 What are some
changing demands of customers in the memory integrated circuit market?
Q.5 What are the new
developments in the memory integrated circuit market? Which companies are leading
these developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this memory integrated circuit area and
how big of a threat do they pose for loss of market share via product
substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this memory integrated circuit
market?
Market Segmentation:
Based on product, the
memory integrated circuit market is segmented into DRAM (dynamic random-access
memory), NAND flash memory, and others. The DRAM (dynamic random-access memory)
segment accounted for the largest share of the market in 2023 and is expected
to register the highest CAGR during the forecast period, due to increasing
demand for smartphone and other electronic devices, growing OEM production, and
growing requirement for cloud computing services and solutions.
APAC is expected to
witness the highest growth due to increasing consumption of consumer
electronics, growing trend of artificial intelligence (AI) and other
cutting-edge technologies, and rising demand for high-performance and low-power
memory ICs from end users in this
region.
Key Players in the
memory integrated circuit market are Analog Devices, NXP Semiconductors, Microchip
Technology, Cirrus Logic, STMicroelectronics, Renesas Electronics, Linear
Technologies, Texas Instruments, and Murata Manufacturing.
The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers, restraints,
challenges, and opportunities for market growth. It would also help to
understand the competitors better and gain more insights to improve their
position in the business.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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