Semiconductor Memory Market: What are the Future Growth Opportunities? Top Players: Microchip Technology Inc., Cypress Semiconductor Corporation, Fujitsu Global, GLOBALFOUNDRIES, SK Hynix, Intel Corporation, Micron Technology, NXP Semiconductors

Semiconductor memory market players are endeavoring to improve DRAM memory solutions to cater to the towering demand for mobile & computer devices. Mobile devices are highly being integrated with RAM memory to command processor and operate data. Companies are developing several advanced products to offer better performance to semiconductor devices.

For instance, in December 2017, Samsung rolled out an eight-gigabit DDR4 RAM chip by incorporating its second-generation 10-nm manufacturing technology to improve performance by 10% than other RAM chips available in the market. In accordance, in 2019, semiconductor memory market witnessed a 75% share in revenue from DRAM segment.

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In 2019, RAM from the DRAM segment accounted for more than 75% share in the total semiconductor memory market revenue. The growth can be accredited to the extensive adoption of DRAM in mobile devices for data operating and commanding the processor. Semiconductor memory industry participants are working to bring advanced DRAM solutions on the table owing to the marked rise in demand for computer & mobile devices.

For instance, in December 2017, Samsung rolled out eight-gigabit DDR4 RAM chip integrated with its second-generation 10-nm manufacturing technology to enhance performance by 10% than other RAM chips.

Demand for non-volatile memory has augmented in the industrial segment on account of colossal adoption of IoT technology in smart devices, cameras, etc. The segment is witnessing the wide deployment of big data and AI, resulting in the immense requirement for faster processing units and high information storage. Estimates state that semiconductor memory market from industry segment will register a CAGR of around 13% over 2020-2026.

Germany and Italy have been emerging as major regional revenue pockets for semiconductor memory industry within Europe owing to the large production of automobiles in these countries. Automotive electronics manufacturers are majorly demand semiconductor memory solutions on a large scale, account of inflating usage of automotive lighting, braking systems, and ADAS.

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APAC region houses numerous major semiconductor memory market players, which is also a key growth driver. Also, several memory devices and computing features are being incorporated in consumer electronic devices and automobiles by the firms existing in the region.

Several other semiconductor memory market players striving to prove their competitive edge include Crocus Technology, Microchip Technology, Inc., Cypress Semiconductor Corporation, Fujitsu Limited, Everspin Technologies, Inc., GlobalFoundries, Intel Corporation, SK Hynix, Inc., and Micron Technology, Inc.

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