Semiconductor Memory Market | Business Growth, Development Factors, Current and Future Trends till 2031 | Northern Power Systems Corp. ONTECH Electric Corp. Pareto Energy, Ltd.

Semiconductor memory market is anticipated to grow at a CAGR of 11.9% during the forecast period (2023-2030). Semiconductor memory used as a semiconductor version of a hard disk, to store files. It is used in portable devices such as PDAs, USB flash drives, and removable memory cards used in digital cameras and cellphones. The growing adoption of non-volatile semiconductor memory technology with the improving code storage and data-logging applications is the key factor supporting the growth of the market globally. Hence, the market players are also focusing on introducing non-volatile Static RAMs (nvSRAM) semiconductor memory solutions that further bolster the market growth. For instance, in March 2021, Infineon Technologies LLC, an Infineon Technologies AG, launched second-generation non-volatile Static RAMs (nvSRAM). The new generation of devices is qualified for QML-Q and high-reliability industrial specifications to support demanding non-volatile code storage and data-logging applications in harsh environments, including aerospace and industrial applications.

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According to the International Trade Administration (ITA), in November 2022, Japan maintains a high market share and international competitiveness in product groups such as memory (especially NAND), sensors (especially CMOS image sensors), and power semiconductors. Japan's approximate share of the global supply of semiconductors includes Semiconductor Chips (Logic, Micro, Memory, Analog) 6.0%, semiconductor manufacturing equipment 35.0%, and Semiconductor Materials 50.0%. In addition to storage media such as SD cards and USB, the NAND market has continued to expand rapidly as digitalization has expanded applications to digital cameras and smartphones, as well as solid-state drives (SSD) for PCs and data centres. While competition is mainly among Japanese, Korean, and US companies, Japan accounts for about a third of the global NAND production share.

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• Market Coverage
• Market number available for - 2024-2031
• Base year- 2024
• Forecast period- 2024-2031
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Global Semiconductor Memory Market Report Segment
By Type
• Volatile memory
• DRAM
• SRAM
• Others (PSRAM, SDRAM)

Non-Volatile Memory
• MROM
• PROM
• EPROM
• FRAM

By Application
• Consumer Electronics
• IT & Telecommunication
• Automotive
• Industrial
• Aerospace & Defense
• Medical
• Others (Thin Film)

Global Semiconductor Memory Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa

The Report Covers
• Market value data analysis of 2022 and forecast to 2030.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global semiconductor memory market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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