Semiconductor Memory Market - Forecast(2021 - 2026)

With the increasing proliferation of electronic devices and the need for associated storage, there is, as expected, a huge demand for semiconductor memories. The Semiconductor Memory comprises two main types, namely, volatile and non-volatile memories. The non-volatile memories include read-only memory (ROM), programmable read-only memory (PROM), Erasable programmable read-only memory (EPROM), electrically erasable programmable read-only memory (EEPROM) and Flash memory. The volatile memories include Random Access Memory (RAM), Dynamic random access memory (DRAM), Static random access memory (SRAM), and Synchronous dynamic random access memory (SDRAM). On the contrary, magnetoresistive random access memory (MRAM) falls under the non-volatile memory category. There are several next generation memories that are equipped with advanced features as compared to existing technologies. MRAM is one such memory. Samsung and IBM have recently collaborated to develop a MRAM that 100,000 times faster than a NAND flash memory and is based on Spin Torque Technology (STT). The is a significant amount of research currently underway that will result in next generation semiconductor memory technologies hitting the market in the next couple of years.

While the high demand for this market is clearly evident, there are certain factors that can potentially inhibit the growth of the semiconductor memory market. Apart from the high cost of manufacturing, there is the issue of fabrication. With advances in memory technologies, there is a need to upgrade the fabs as well which requires significant amount of investment.

This well established and mature market is expect to witness a single digit healthy growth rate during the forecast period.

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Semiconductor Memory Market

The Semiconductor Memory market can be segmented on the basis of types Volatile and Non-Volatile. The need for storage for the huge amount of data being generated is what will make the consumer electronics, mass storage and enterprise storage applications account for the largest share of the overall semiconductor memory market. In terms of applications, the Semiconductor Memory market has been segmented across the following Consumer Electronics, Enterprise Storage, Automotive, Mass Storage, Aerospace & Defense, and Others.

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While North America and Europe account for the largest share of this market, the asia pacific region is expected to witness the highest growth rate during the forecast period. The market has been segmented based on the following geographies North America, South America, APAC, Europe, Middle East and Africa.

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Following are just a few of the companies that are operating in the semiconductor memory market:

TSMC

Samsung

Fujitsu

IBM

SanDisk

Texas Instruments

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