By the end of 2021, the global e memory integrated circuits market had generated US$2.5 billion. The memory integrated circuits market is anticipated to grow at a CAGR of 7.3% from 2022 to 2032, reaching a value of US$ 5.4 billion.
Memory integrated circuits are a class of integrated circuits that are implemented in storage devices or used in digital devices to store data for computers. Both volatile and non-volatile memory for computer devices is created using memory integrated circuits. They can be used in a variety of digital and electronic devices in addition to PCs and smartphones.
25% of the total data storage market is made up of memory integrated circuits.
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2017-2021 Memory Integrated Circuits Market Demand Outlook Compared to 2022-2032 Forecast
For the anticipated period, the market for memory integrated circuits is expected to increase at a CAGR of 7.3%.
Vendors have been forced to set up servers and data centres that are heavily crowded with computers and storage devices as a result of the sharp increase in demand and supply for cloud computing services and solutions over the past several years. The development of memory integrated circuits is being fueled by this. The expansion of the memory IC industry is also being aided by the rising number of smartphone users.
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Competitive Landscape
Manufacturers of memory integrated circuits are typically businesses that work with electronic components. Companies from East Asia and North America typically control the majority of the market in this industry, while market dominance can vary from company to company based on the type of memory.
- Alliance Memory stated in September 2022 that it would be adding new iterations of its CMOS DDR4 SDRAMS. The new chips were quicker, smaller, and used less energy.
- For US$7.6 billion, Intel Corporation sold its NAND and SSD divisions to the South Korean firm SK Hynix in December 2021. The agreement was declared in October 2020. Up to March 2025, when the remaining assets will be transferred to SK Hynix, Intel will still produce NAND wafers and retain the IP rights to a number of goods and designs.
Memory Integrated Circuits Market by Category
By Memory Type:
- Static Random Access Memory (SRAM)
- Dynamic Random Access Memory (DRAM)
- Flash Memory
- Electrically Erasable Programmable Read Only Memory (EEPROM)
- Others
By Application:
- Mobile Phones
- Smart Phones
- Tablets
- PC
- Medical Devices
- Smart Cards
- Digital Cameras
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
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