Global Memory Chip Market
Report Highlights
The global market for memory chips is estimated to increase from $172.3 billion in 2022 to reach $235.7 billion by 2027, at a compound annual growth rate (CAGR) of 6.5% from 2022 through 2027.
Report Includes
- 38 data tables
- An up-to-date overview and analysis of the global markets for memory chips
- Analyses of the global market trends, with historic market revenue data (sales figures) for 2021, estimates for 2022, forecasts for 2023, and projections of compound annual growth rates (CAGRs) through 2027
- Highlights of the current and upcoming potential for the memory chips market, growth driving factors, and areas of focus to forecast this market into various segments and sub-segments
- Estimation of the actual market size and revenue forecast for the global memory chip market, and corresponding market share analysis based on memory type, interface, application, and region
- Discussion of the major growth drivers, industry-specific challenges, regulatory aspects and technology updates that will shape the market for memory chips as a basis for projecting demand in the next few years (2022-2027)
- A look at the major growth strategies adopted by leading players operating in the market, recent developments, strategic alliances, and competitive benchmarking
- Patent review and new developments, ongoing research (R&D) activities, recent industry structure, and current state and innovations in the market for memory technologies
- Assessment of the company competitive landscape comprising key market participants, their global value share analysis, product portfolio and operational integration
- Company profiles of the leading global players, including Broadcom Inc., Intel Corp., Micron Technology Inc., Samsung Electronics, SK Hynix Inc., and Transcend Information, Inc.
Report Scope
The market for memory chips is segmented into the following categories:
- By type: Volatile memory chips, which include DRAM and SRAM; nonvolatile memory chips, which include flash (NOR and NAND) and ROM (PROM, EPROM, and EEROM); and emerging/next-generation nonvolatile memory chips (MRAM, FRAM, RRAM, 3D Xpoint, NRAM, and others).
- By Interface: PCIe and I2C, SATA, SAS, DDR, and others (USB and OTG.)
- By application: Consumer electronics, industrial, telecommunications, automotive, home automation, and others.
- By region: North America, Asia-Pacific, Europe, Middle East and Africa.
In addition to an industry and competitive analysis of the market for memory chips, this report also exhaustively covers patents and company profiles of key players active in the global market.
In this report, the memory chip market is segmented based on type, interface, application, and geography. The report provides an overview of the global memory chip market and analyzes market trends. Using 2021 as the base year, the report provides estimated market data for the forecast period 2022 through 2027. Market values have been estimated based on the total revenue of memory chip providers.
The report covers the market for memory chips with regards to their user base across different regions. It also focuses on the major trends and challenges that affect the market and the vendor landscape. The report estimates the global market for 2021 and provides projections of the expected market size through 2027.
Note: The terms memory chips and memory are used interchangeably.
Frequently Asked Questions (FAQs)
- Rapid growth in consumer electronics sector.
- Increasing use of chips in 5G applications.
- Growing need for universal memory devices.
- Samsung.
- Micron.
- SK Hynix.
- Kioxia.
- Western Digital.
- Intel.
- Kingston Technology.
- Texas Instruments.
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Report Synopsis
| Report Metrics | Details |
| Base year considered | 2021 |
| Forecast period considered | 2022-2027 |
| Base year market size | $191.1 billion |
| Market size forecast | $235.7 billion |
| Growth rate | CAGR of 6.5% for the forecast period of 2022-2027 |
| Units considered | $ Billions |
| Segments covered | By Memory Type, Interface, Application, and Region |
| Regions covered | Americas, Asia-Pacific, and Europe, the Middle East & Africa (EMEA) |
| Key Market Drivers |
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| Companies studied |
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Report Highlights
The global memory chip market should grow from $173.1 billion in 2019 to $367.7 billion by 2024 with a compound annual growth rate (CAGR) of 16.3% during the forecast period of 2019-2024.
Report Includes
- 90 tables
- A detailed overview of the global memory chip market within the semiconductor manufacturing industry
- Analyses of the regional and country-specific market trends, with market size in dollar value terms from 2018 to 2019, and projections of compound annual growth rates (CAGRs) through 2024
- Discussion of market potential for memory chips, their sustainable applications across various industry verticals
- Market analysis and revenue forecasts on the basis of type of memory chip, end use application, interface type, and geographical region covering North America, Europe, Asia-Pacific and emerging economies from rest of the world (RoW)
- Key insight into the innovation-driven market opportunities, drivers and limitations and their overall impact on growth trajectory; and future outlook of the memory chip industry
- Emphasis on leading chipmakers offering NAND flash memory, considered the fastest-growing NV semiconductor product and primary usage in solid state computing, their global share within this business segment
- Review of relevant patent data and new developments covering significant allotments of the U.S. patents on memory chips
- Information pertaining to competitive landscape of leading market participants, their business strategies, product offerings, financial details and market share analysis
- Comprehensive profiles of major commercial players, including Broadcom Inc., Hewlett Packard Enterprise Co., Intel, Nvidia Corp., NEC Corp., Qualcomm Inc., Samsung Electronics Co., Ltd. and Transcend Information Inc.