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Semiconductor Memory Market Trends

Report ID: GMI2548
Published Date: Jun 2024
Report Format: PDF

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Semiconductor Memory Market Trends

There is an escalating demand for high-capacity memory solutions as data generation and consumption continue to grow. With the exponential growth in data generation from various sources, such as social media, streaming services, and enterprise data centers, there is a heightened need for high-capacity memory solutions. Applications, such as big data analytics, Artificial Intelligence (AI), and Machine Learning (ML), require robust memory to store & process large datasets efficiently. High-capacity memory allows for faster data retrieval and better overall performance, making it essential for data-intensive applications.

3D NAND technology, which stacks memory cells vertically to increase density and reduce cost per bit, is gaining widespread adoption. For instance, in July 2023, NEO Semiconductor launched 3D X-DRAM technology. The goal of this development is to solve the capacity bottleneck in DRAM and replace the entire 2D DRAM market with the first 3D NAND-like DRAM cell array in the world. The time and expense required to develop a new 3D process can be greatly reduced by manufacturing 3D X-DRAM with only slight modifications to the current 3D NAND flash memory process. It is revolutionizing the storage market by enabling the production of higher capacity Solid State Drives (SSDs) at a lower cost per bit.

3D NAND is particularly beneficial for applications requiring large amounts of storage such as data centers, high-performance computing, and consumer electronics. Moreover, non-volatile memory technologies, such as Phase-change Memory (PCM) and Spin-transfer Torque MRAM (STT-MRAM), are gaining traction owing to their ability to retain data without power. These technologies are suited for applications requiring persistent storage and fast access times such as enterprise storage, automotive systems, and industrial applications. NVM solutions offer the reliability and speed necessary for critical applications, driving their adoption in various industries.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size for semiconductor memory was valued at USD 150.1 billion in 2023 and is estimated to register over 10% CAGR between 2024 and 2032, owing to their adoption for storing, processing, and analyzing the data generated by IoT Devices.

The RAM segment of the semiconductor memory market held over 55% share in 2023 and will expand rapidly by 2032, owing to the expansion of cloud services and data centers.

Asia Pacific market accounted for over 50% share in 2023 and will expand rapidly through 2032, driven by the growing automotive sector.

SK HYNIX INC, Micron Technology, Inc, KIOXIA Corporation, Winbond Electronics Corporation, Texas Instruments Incorporated, and Infineon Technologies AG among others.