What are the different types of semiconductor memories?

Semiconductor memory is a type of semiconductor device, which is designed to store data namely computer memory. Semiconductor memory is typically referred to as MOS memory where data is stored within metal-oxide-semiconductor memory cells on a silicon-integrated circuit memory chip. There are two different types of electronic storage mediums namely magnetic storage and optical storage. In magnetic storage, data is stored in magnetic form, while in optical storage it uses a laser to read or write. The semiconductor memory is directly accessible by the microprocessor.

The global semiconductor memory market is estimated to account for US$ 157.1 Bn in terms of value by the end of 2027.

Market Dynamics- Drivers

Rising consumption of smartphone, especially in Middle East and North America is expected to drive growth of the global semiconductor memory market during the forecast period
The demand for smartphones has increased significantly in the recent past, especially in the Middle East, and North America. According to the GSM Association, in 2018, the number of mobile subscribers was 5.1 billion, which 67% of the global population. Rapid digitalization and automation in the aforementioned regions have led to increased use of smartphones. The use of memory-based elements in technologically advanced products such as wearables smartphones is increasing rapidly. Thus, these factors are expected to drive growth of the global semiconductor memory market during the forecast period.

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Rapid development in automotive technologies is expected to propel the global semiconductor memory market growth over the forecast period
The automotive sector is increasing using memory solutions for its safety systems, owing to its excellent performance and low power consumption benefits. Memory solutions are playing a crucial role in autonomous driving capabilities, particularly for vehicle-to-everything (V2X) connectivity and comprehensive in-vehicle infotainment (IVI) systems. These technologies require power memory solutions with companies such as Samsung leading the race. For instance, Samsung memory supports vehicle systems that power different functionalities such as vision computing, fusion, and HD maps. Thus, these factors are expected to propel the global semiconductor memory market growth over the forecast period.

Statistics:

APAC held dominant position in the global semiconductor memory market in 2019, accounting for 33.0% share in terms of value, followed by North America, Europe, and RoW respectively.

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This release was published on openPR.