Business Opportunities in $247,910 millions Memory Chip Market | Alarming Growth Rate of 12.4% to 2023

Memory chip is a device in which information, data, process code, and program instructions can be stored for retrieval. These chips are available in multiple shapes and sizes. Some can be connected directly, whereas some need special drives. They hold memory either temporarily through random access memory (RAM) or permanently through read only memory (ROM). Data stored in ROM are permanently stored, which a processor can read but cannot modify.

According to a recent report published by Allied Market Research, titled, "Memory Chip Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023", the global memory chip market was valued at $76,767 million in 2016, and is projected to reach at $247,910 million by 2023, growing at a CAGR of 12.4% from 2017 to 2023.

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Applications

The market is segmented by applications into Laptop/PCs, Smartphones, camera, and others. Based on type, it is classified into volatile and nonvolatile memory chips.

Presently, North America dominates this market. In 2019, China registered the highest growth in Asia-Pacific. Similarly, the UK led the overall market in the European region. Presently, the U.S. is dominating the North American market.

In 2019, the nonvolatile segment dominated the global memory chips market, in terms of revenue. However, based on application, laptop/PCs dominated the global market, followed by smartphone in 2016.

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Growth Drivers

Rise in smartphone penetration has driven the demand for memory chips. Furthermore, high-density storage capability, quick read & write cycle, and availability of different shapes & sizes of memory chips fuel their adoption in the digital domain. However, easy corruption of memory chip hampers the growth of the market.

Key Players

The key players profiled in the report include Samsung Group, Sony Corporation, Toshiba, ADATA Technology, SK Hynix, Micron Technology, Intel, Kingston Technology, Transcend Information, and Fujitsu Microelectronics Inc.

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MEMORY CHIP MARKET ANALYSIS, BY REGION

6.1. OVERVIEW

6.2. NORTH AMERICA

6.2.1. Key market trends
6.2.2. Key growth factors and opportunities
6.2.3. Market size and forecast, by type
6.2.4. Market size and forecast, by application
6.2.5. Market size and forecast, by country

6.2.5.1. U.S.

6.2.5.2. Market size and forecast
6.2.5.3. Market size and forecast, by type
6.2.5.4. Market size and forecast, by application

6.2.5.5. Canada

6.2.5.6. Market size and forecast
6.2.5.7. Market size and forecast, by type
6.2.5.8. Market size and forecast, by application

6.2.5.9. Mexico

6.2.5.10. Market size and forecast
6.2.5.11. Market size and forecast, by type
6.2.5.12. Market size and forecast, by application

6.3. EUROPE

6.3.1. Key market trends
6.3.2. Key growth factors and opportunities
6.3.3. Market size and forecast, by type
6.3.4. Market size and forecast, by application
6.3.5. Market size and forecast, by country

6.3.5.1. UK

6.3.5.2. Market size and forecast
6.3.5.3. Market size and forecast, by type
6.3.5.4. Market size and forecast, by application

6.3.5.5. France

6.3.5.6. Market size and forecast
6.3.5.7. Market size and forecast, by type
6.3.5.8. Market size and forecast, by application

6.3.5.9. Germany

6.3.5.10. Market size and forecast
6.3.5.11. Market size and forecast, by type
6.3.5.12. Market size and forecast, by application

6.3.5.13. Russia

6.3.5.14. Market size and forecast
6.3.5.15. Market size and forecast, by type
6.3.5.16. Market size and forecast, by application

6.3.5.17. Rest of Europe

6.3.5.18. Market size and forecast
6.3.5.19. Market size and forecast, by type
6.3.5.20. Market size and forecast, by application

6.4. ASIA-PACIFIC

6.4.1. Key market trends
6.4.2. Key growth factors and opportunities
6.4.3. Market size and forecast, by type
6.4.4. Market size and forecast, by application
6.4.5. Market size and forecast, by country

6.4.5.1. China

6.4.5.2. Market size and forecast
6.4.5.3. Market size and forecast, by type
6.4.5.4. Market size and forecast, by application

6.4.5.5. South Korea

6.4.5.6. Market size and forecast
6.4.5.7. Market size and forecast, by type
6.4.5.8. Market size and forecast, by application

6.4.5.9. India

6.4.5.10. Market size and forecast
6.4.5.11. Market size and forecast, by type
6.4.5.12. Market size and forecast, by application

6.4.5.13. Japan

6.4.5.14. Market size and forecast
6.4.5.15. Market size and forecast, by type
6.4.5.16. Market size and forecast, by application
6.4.5.17. Rest of Asia-Pacific
6.4.5.18. Market size and forecast
6.4.5.19. Market size and forecast, by type
6.4.5.20. Market size and forecast, by application

6.5. LAMEA

6.5.1. Key market trends
6.5.2. Key growth factors and opportunities
6.5.3. Market size and forecast, by type
6.5.4. Market size and forecast, by application
6.5.5. Market size and forecast, by country

6.5.5.1. Brazil

6.5.5.2. Market size and forecast
6.5.5.3. Market size and forecast, by type
6.5.5.4. Market size and forecast, by application

6.5.5.5. Saudi Arabia

6.5.5.6. Market size and forecast
6.5.5.7. Market size and forecast, by type
6.5.5.8. Market size and forecast, by application

6.5.5.9. South Africa

6.5.5.10. Market size and forecast
6.5.5.11. Market size and forecast, by type
6.5.5.12. Market size and forecast, by application

6.5.5.13. Rest of LAMEA

6.5.5.14. Market size and forecast
6.5.5.15. Market size and forecast, by type
6.5.5.16. Market size and forecast, by application

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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