Next Gen Memory Market is expected to grow at a Robust CAGR of 29.4% during 2019-2027 | Key Players are Advanced Micro Devices, Cypress Semiconductor Corp, Fujitsu, Intel, NXP Semiconductors N.V., Samsung Electronics
The global next gen memory market accounted to US$ 2.78 Bn in 2018 and is expected to grow at a CAGR of 29.4% during the forecast period 2019 – 2027, to account to US$ 26.57 Bn by 2027.
The global next gen memory market is experiencing a stable growth in the current scenario and is anticipated to rise in the coming years. The market for next gen memory comprises of several tier1, tier2 and tier3 companies across the globe which capitalize substantial amounts with an objective to develop advanced electronic and semiconductor storage products. Geographically, the next gen memory market is categorized on basis of five strategic regions as North America, Europe, Asia Pacific, Middle East and Africa, and South America. Asia Pacific region accounted for the maximum market share in 2017, nearly half of the entire market.
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The key companies profiled in this report include Advanced Micro Devices, Inc., Cypress Semiconductor Corporation, Fujitsu Limited, Intel Corporation, Microchip Technology Incorporated, Micron Technology, Inc., NXP Semiconductors N.V., Samsung Electronics Co. Ltd., SK Hynix Inc., and Toshiba Corporation among others.
The reports cover key developments in the Next Gen Memory Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from Next Gen Memory Market are anticipated to lucrative growth opportunities in the future with the rising demand for Next Gen Memory Market in the global market.
The global next gen memory market by application was led by consumer electronics segment in the year 2017 and is anticipated to continue its dominance during the forecast period. Several semiconductor companies are regularly coming up with advanced technologies which is attracting the industry. The next gen memory market is expected to witness significant growth in the coming years, as the need for high-end memory requirement is expected to rise exponentially, propelled heavily by the consumer interest.
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GLOBAL NEXT GEN MEMORY – MARKET SEGMENTATION
Global Next gen memory Market – By Type
• Volatile Memory
• Non-Volatile Memory
o Phase-Change Memory
o Nano RAM
Global Next gen memory Market – By Application
• Consumer Electronics
• Automotive & Transportation
• Enterprise Storage
• Military & Aerospace
• IT & Telecom
Global Next Gen Memory Market – By Geography
• North America
o Rest of Europe
• Asia Pacific (APAC)
o Rest of APAC
• Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o Rest of MEA
• South America (SAM)
o Rest of SAM
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