Global Semiconductor Memory Market: Factors Helping to Maintain Strong Position Globally

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Semiconductor Memory Market is Projected to Reach
250bn by 2026
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Key Insights from Semiconductor Memory Market

• Surging adoption of memory-based components and
  intensifying digital evolution of semiconductors
  have led to semiconductor memory market size. The
  number of data centers across the world has been
  growing to answer the demand for high storage
  capabilities, which will influence the adoption
  of semiconductor memory solutions.
• Also, automakers are outlaying massive amounts on
  cloud-based technologies to include real-time
  data simulation in autonomous vehicles. This will
  enhance the requirement for memory solutions and
  offer an impetus to semiconductor memory industry
  in the coming years.
• Semiconductor memory industry players are
  endeavoring to improve DRAM memory solutions to
  cater to the towering demand for mobile
  computer devices. Mobile devices are highly being
  integrated with RAM memory to command processor
  and operate data. Companies are developing
  several advanced products to offer better
  performance to semiconductor devices.

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Continued
Technological advancements in industrial
applications have heightened the adoption of
semiconductor memory solutions. Several devices,
such as cameras and smart devices are being
integrated with IoT technologies, which will push
the demand for non-volatile memory products. The
need for high information storage and faster
processing has encouraged the adoption of various
technologies, such as big data and AI in the
industrial application segment. Along these
lines, industrial segment is anticipated to
record a 13 CAGR over 2020-2026. Demand for
non-volatile memory has augmented in the
industrial segment on account of colossal
adoption of IoT technology in smart devices,
cameras, etc. The segment is witnessing the wide
deployment of big data and AI, resulting in the
immense requirement for faster processing units
and high information storage. Estimates state
that semiconductor memory market from industry
segment will register a CAGR of around 13 over
2020-2026. The advent of autonomous vehicles in
the automobile industry has encouraged several
semiconductor memory companies to outlay heavy
amounts in cloud-based technologies. Development
of autonomous vehicles has amplified the
requirement for real-time data simulation and
reliable memory solutions.
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Regional Insights in Semiconductor Memory Market

• Germany and Italy have been emerging as major
  regional revenue pockets for semiconductor memory
  industry within Europe owing to the large
  production of automobiles in these countries.
  Automotive electronics manufacturers are majorly
  demand semiconductor memory solutions on a large
  scale, account of inflating usage of automotive
  lighting, braking systems, and ADAS.
• Connectivity features and high memory processing
  are gaining traction in automobile systems for
  providing superior efficiency to the vehicle.
  Estimates claim that Europe semiconductor memory
  market size is anticipated to grow at a 10 CAGR
  over the forecast period.

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Major Companies in Semiconductor Memory Market

• Cypress Semiconductor Corporation
• Everspin Technologies Inc
• Fujitsu Limited
• GlobalFoundries
• Intel Corporation
• Microchip Technology Inc
• Micron Technology Inc
• NXP Semiconductors
• Renesas Electronics Corporation
• Samsung Electronics Co. Ltd
• SK Hynix Inc.
• Semiconductor Manufacturing International
  Corporation (SMIC)
• Taiwan Semiconductor Manufacturing Company
  Limited (TSMC)
• Texas Instruments Incorporated
• Toshiba Corporation
• Western Digital Corporation

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Industry Coverage

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