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Global Memory Devices Market to reach USD 435.54 billion by the end of 2030.

Global Memory Devices Market Size Study & Forecast, by Type (Static Random-Access Memory (SRAM), Magnetoresistive Random-Access Memory (MRAM), Dynamic Random-Access Memory (DRAM), Flash Read-Only Memory (Flash ROM)), By End-user Industry (Consumer Electronics, IT & Telecommunication, Automotive, Aerospace & Defense, Healthcare, Others), and Regional Analysis, 2023-2030

Product Code: EESC-78591988
Publish Date: 10-08-2023
Page: 200

Global Memory Devices Market is valued at approximately USD 143.37 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 14.9% over the forecast period 2023-2030. Memory devices are electronic components used for storing and retrieving data in digital systems. These devices play a crucial role in computers, smartphones, gaming consoles, servers, and other electronic devices by providing a means to store and access information. The Memory Devices Market is expanding because of factors such as the surging demand for consumer electronics, expansion of cloud computing services and the growth of data centers, continuous advancements in-memory technologies, and increasing demand for high-speed connectivity.

In addition, the rapid proliferation of IoT applications is acting as a catalyzing factor for market growth across the globe. As per Statista, the Internet of Things (IoT) industry generated overall revenue in 2019 was USD 388 billion, which is projected to reach USD 1058.3 billion by 2030. The proliferation of IoT applications, including smart homes, connected vehicles, industrial automation, and healthcare devices, drives the demand for memory devices. These devices rely on memory components to store and manage data, enabling efficient communication and functionality in IoT ecosystems. The Indian Brand Equity Foundation stated that, the Indian appliances, and consumer electronics market accounted for USD 10.93 billion in 2019, and the amount is projected to increase and grow to USD 21.18 billion by 2025. Also, according to Statista, it is projected that the retail revenue from consumer electronics sales in the United States is accounted for USD 505 billion in 2022, which is an increase from USD 442 billion in 2020. Thus, these aforementioned factors are propelling the growth of the memory devices market during the estimated period. Moreover, the increasing adoption of Artificial Intelligence (AI) and Machine Learning (ML), as well as the emergence of memory chipsets in the automotive sector present various lucrative opportunities over the forecasting years. However, the technological complexities and the security and data privacy concerns are challenging the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Memory Devices Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the increasing adoption of Artificial Intelligence (AI) and the Internet of Things in smart cities, as well as a growing number of small-scale and medium scaled-system manufacturers in developing countries such as Japan and India. Whereas, North America is expected to grow at a significant CAGR over the forecasting years. The rising implementation of advanced technology in personal computing and in the industrial sector, increasing integration of advanced technologies, along with the rising adoption of IoT applications are propelling the market demand across the region.

Major market players included in this report are:
Broadcom Inc. (U.S.)
Intel Corporation (Netherlands)
Micron Technology Inc (U.S.)
Samsung Electronics Co., Ltd (South Korea)
Toshiba Corporation (Japan)
Macronix International Co., Ltd. (Taiwan)
Taiwan Semiconductor Manufacturing Company Limited (Taiwan)
Sony Semiconductor Manufacturing Corporation (Japan)
LAM Research (U.S.)
Texas Instruments (Germany)

Recent Developments in the Market:
Ø In September 2020, Alliance Memory collaborated with Micron Technology, a major supplier of semiconductors and chips for memory in order to market Alliance Memory micron goods on a worldwide scale.
Ø In July 2021, Intel Corporation, a leading worldwide supplier of advanced processing units and memory storage systems announced the company’s partnership with MediaTek, a manufacturer of processors for smartphones. Through this alliance, both companies will be able to share a foundry for the production of semiconductors and memory storage units.
Ø In November 2021, Sony Semiconductors partnered forces with Silicon Catalyst, a major supplier of semiconductors. The objective of this partnership is to develop advanced memory chips and offer superior products to their customers.

Global Memory Devices Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, End-user Industry, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Static Random-Access Memory (SRAM)
Magnetoresistive Random-Access Memory (MRAM)
Dynamic Random-Access Memory (DRAM)
Flash Read-Only Memory (Flash ROM)

By End-user Industry:
Consumer Electronics
IT & Telecommunication
Aerospace & Defense

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Memory Devices Market, by Region, 2020-2030 (USD Billion)
1.2.2. Memory Devices Market, by Type, 2020-2030 (USD Billion)
1.2.3. Memory Devices Market, by End-user Industry, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Memory Devices Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Memory Devices Market Dynamics
3.1. Memory Devices Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Surging demand for consumer electronics Rapid proliferation of IoT applications
3.1.2. Market Challenges Technological complexities Increasing security and data privacy concerns
3.1.3. Market Opportunities Increasing adoption of Artificial Intelligence (AI) and Machine Learning (ML) Emergence of memory chipsets in the automotive sector
Chapter 4. Global Memory Devices Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Memory Devices Market, by Type
5.1. Market Snapshot
5.2. Global Memory Devices Market by Type, Performance – Potential Analysis
5.3. Global Memory Devices Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Memory Devices Market, Sub Segment Analysis
5.4.1. Static Random-Access Memory (SRAM)
5.4.2. Magnetoresistive Random-Access Memory (MRAM)
5.4.3. Dynamic Random-Access Memory (DRAM)
5.4.4. Flash Read-Only Memory (Flash ROM)
Chapter 6. Global Memory Devices Market, by End-user Industry
6.1. Market Snapshot
6.2. Global Memory Devices Market by End-user Industry, Performance – Potential Analysis
6.3. Global Memory Devices Market Estimates & Forecasts by End-user Industry 2020-2030 (USD Billion)
6.4. Memory Devices Market, Sub Segment Analysis
6.4.1. Consumer Electronics
6.4.2. IT & Telecommunication
6.4.3. Automotive
6.4.4. Aerospace & Defense
6.4.5. Healthcare
6.4.6. Others
Chapter 7. Global Memory Devices Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Memory Devices Market, Regional Market Snapshot
7.4. North America Memory Devices Market
7.4.1. U.S. Memory Devices Market Type breakdown estimates & forecasts, 2020-2030 End-user Industry breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Memory Devices Market
7.5. Europe Memory Devices Market Snapshot
7.5.1. U.K. Memory Devices Market
7.5.2. Germany Memory Devices Market
7.5.3. France Memory Devices Market
7.5.4. Spain Memory Devices Market
7.5.5. Italy Memory Devices Market
7.5.6. Rest of Europe Memory Devices Market
7.6. Asia-Pacific Memory Devices Market Snapshot
7.6.1. China Memory Devices Market
7.6.2. India Memory Devices Market
7.6.3. Japan Memory Devices Market
7.6.4. Australia Memory Devices Market
7.6.5. South Korea Memory Devices Market
7.6.6. Rest of Asia Pacific Memory Devices Market
7.7. Latin America Memory Devices Market Snapshot
7.7.1. Brazil Memory Devices Market
7.7.2. Mexico Memory Devices Market
7.8. Middle East & Africa Memory Devices Market
7.8.1. Saudi Arabia Memory Devices Market
7.8.2. South Africa Memory Devices Market
7.8.3. Rest of Middle East & Africa Memory Devices Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Broadcom Inc. (U.S.) Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. Intel Corporation (Netherlands)
8.3.3. Micron Technology Inc (U.S.)
8.3.4. Samsung Electronics Co., Ltd (South Korea)
8.3.5. Toshiba Corporation (Japan)
8.3.6. Macronix International Co., Ltd. (Taiwan)
8.3.7. Taiwan Semiconductor Manufacturing Company Limited (Taiwan)
8.3.8. Sony Group Corporation (Japan)
8.3.9. LAM Research Corporation (U.S.)
8.3.10. Texas Instruments Inc.(Germany)
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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