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High Bandwidth Memory (HBM) Market on a Growth Trajectory, Expected to Reach $6.12 Billion by 2033 Driven by Demand for Enhanced Data Processing Speeds
High Bandwidth Memory (HBM) Market
As per the report, the high bandwidth memory (HBM) market size has grown exponentially in recent years. It will grow from $1.85 billion in 2023 to $2.36 billion in 2024 at a compound annual growth rate (CAGR) of 27.4%. The high bandwidth memory (HBM) market size is expected to see exponential growth in the next few years. It will grow to $6.12 billion in 2028 at a compound annual growth rate (CAGR) of 26.9%.
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Rising Demand For High-Performance Computing (HPC) Fuels Growth In The High Bandwidth Memory (HBM) Market
The increasing demand for high-performance computing (HPC) is expected to propel the growth of the high-bandwidth memory (HBM) market going forward. High-performance computing (HPC) refers to the use of advanced computing technologies and systems to perform complex and demanding tasks at speeds and scales beyond the capabilities of traditional computing. High-bandwidth memory (HBM) is used in high-performance computing to provide faster and more efficient access to data for processors by stacking memory dies vertically on a single package, allowing for significantly increased bandwidth and reduced latency, which enhance the overall computational performance of data-intensive applications. For instance, in January 2023, the Department of Energy, a US-based government department, announced a $1.8 million investment in six projects to improve energy efficiency and productivity within the manufacturing sector by leveraging high-performance computing (HPC) resources available at the U.S. National Laboratories. These initiatives utilized HPC capabilities to address manufacturing challenges, optimize processes, and contribute to a cleaner energy future, focusing on reducing carbon emissions in steelmaking, enhancing additive manufacturing for reduced CO2 emissions, and optimizing battery manufacturing for electric vehicles. Therefore, the increasing demand for high-performance computing (HPC) is driving the growth of the high-bandwidth memory (HBM) market.
High Bandwidth Memory With AI Processing Power Transforming The Market
Major companies operating in the high-bandwidth memory market are focused on developing innovative products, such as high-bandwidth memory with AI processing power, to gain a competitive edge in the market. High-bandwidth memory with AI processing power has the computational capacity and efficiency of hardware systems that perform tasks related to artificial intelligence (AI). For instance, in February 2021, Samsung Electronics Co. Ltd., a South Korea-based electronics company, launched HBM-PIM, a high-bandwidth memory (HBM) integrated with artificial intelligence (AI) processing power. This innovative processing-in-memory (PIM) architecture, designed for diverse AI-driven workloads in data centers, high-performance computing (HPC) systems, and AI-enabled mobile applications, directly brings powerful AI computing capabilities into high-performance memory. The HBM-PIM minimizes data movement by placing a DRAM-optimized AI engine inside each memory bank, enabling parallel processing and significantly boosting system performance over two times while reducing energy consumption by more than 70%. The technology, seamlessly integrated into Samsung's existing HBM2 Aquabolt solution, holds the potential to revolutionize AI processing efficiency without requiring hardware or software changes.
The high bandwidth memory (HBM) market covered in this report is segmented -
1) By Memory Type: Hybrid Memory Cube (HMC), High-Bandwidth Memory (HBM)
2) By Type: HBWPIM, HBM3, HBM2E, HBM2
3) By Application: Servers, Networking, Consumer, Automotive, Other Applications
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Major companies operating in the high bandwidth memory (HBM) market are Samsung Electronics Co. Ltd, Intel Corporation, International Business Machines (IBM) Corporation, Qualcomm Incorporated, SK Hynix Inc., Fujitsu Limited, Micron Technology Inc., Nvidia Corporation, Toshiba Corporation, Advanced Micro Devices Inc., Western Digital Corporation, STMicroelectronics SA, Renesas Electronics Corporation, Powerchip Technology Corporation, Cypress Semiconductor Corporation, Nanya Technology Corporation, Macronix International Co., Ltd., Silicon Motion Technology Corporation, Transcend Information Inc., Integrated Silicon Solution Inc. (ISSI), Adata Technology Co. Ltd., Netlist Inc., Open Silicon Inc., Micronet Ltd., Winbond Electronics Corporation
Contents of the report:
1. Executive Summary
2. High Bandwidth Memory (HBM) Market Report Structure
3. High Bandwidth Memory (HBM) Market Trends And Strategies
4. High Bandwidth Memory (HBM) Market - Macro Economic Scenario
5. High Bandwidth Memory (HBM) Market Size And Growth
…..
27. High Bandwidth Memory (HBM) Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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