+1-888-308-5802      . .

Enumerating semiconductor memory market trends with respect to the efforts initiated by core industry magnates: global remuneration to cross a colossal USD 730 billion by 2024

Publisher : Fractovia | Published Date : 2019-01-31Request Sample

The global semiconductor memory market is poised to witness a remarkable growth curve in the upcoming years owing to the rapid increase in the implementation of IoT technologies across prominent industry verticals. Technical innovations pose huge demands for components like storage, microcontrollers, sensors, as well as connectivity solutions. This has resulted in the evolution of storage capabilities for addressing the high requirements of products based on IoT. Incorporation of IoT technology into communications, automotive, consumer, industrial and more, has largely contributed to the increased sales of semiconductor companies. As the scope of innovations and technological advancement depicts an upsurge, the semiconductor memory market will exhibit a popularity incline of mammoth proportions in the years to come.

China semiconductor memory market, by type, 2017 & 2024 (USD Million)
China semiconductor memory market, by type, 2017 & 2024 (USD Million)


A sharp increase in the establishment of data centers around the world, owing to the high storage requirements in numerous application industries like the growing IT & telecom sector, is also resulting in higher demand for storage devices. Several North American and European countries are witnessing higher adoption of colocation data and hyperscale data centers due to an increase in the requirement for mega facilities for access, management as well as storage of massive business data. The humongous rate at which data centers are being launched globally will prompt the demand for a massive amount of storage requirements, which will propel the semiconductor memory market growth.

Another major parameter pushing the industry trends is the evolution of the Industry 4.0 and the IoT technologies adopted in different processes across industries. Technologies including smart and automated systems which perform operations at higher speeds in contrast to humans have a major role to play in the expansion of the semiconductor memory market. For providing cost benefits to industries and maintaining these output levels, efficient components are required deployed – inclusive of high-quality chips, that would aid product demand.

Notable companies partaking in this industry have apparently focused on product development and innovations by investing in engineering capabilities as well as R&D activities to exert dominance in the market. A gist of the contribution by some of the major companies in the global semiconductor memory market is mentioned below:

Samsung Electronics Co. Ltd.

Samsung Electronics is touted to be among the most popular companies in the overall semiconductor memory market. The leading firm in advanced memory technology has recently announced the successful development of the 10-nanometer (nm) class 8 GB LPDDR5 DRAM. This has set the stage to transition to the LPDDR5 standard for deployment in the upcoming Artificial Intelligence (AI) powered 5G mobile applications. This development marks a huge step forward in low-power mobile memory solutions.

The new 8Gb LPDDR5 DRAM will deliver up to 30% reduction in power consumption, extend the battery life of smartphones as well as maximize mobile device performance. Such technological innovations will undeniably boost the growth of semiconductor memory industry.

NXP Semiconductors

In an attempt to deliver on the vision of securing cloud to edge connections and IoT edge devices, NXP Semiconductors N.V. has combined hardened security software and subsystems into a secure execution environment (SEE), raising the bar on confidentiality, trust and privacy. NXP has established a ROM-based secure boot process which uses device-unique keys for creating an immutable hardware ‘root-of-trust’.

Through NXP’s unique security enhancements, closed loop transactions are allowed between the original equipment manufacturer (OEM) and the end-user, which eliminates key handling by third parties. Advancements in the security features of the systems will in turn establish a safe environment, thus enhancing the growth of semiconductor memory market.

Microchip Technology, Inc

In recent times, control monitoring has turned out to be highly significant for functional and safety reasons. With the rise in demand for GUIs, it come as no surprise that the current microcontrollers are not able to meet this demand. To tackle the same, Microchip has recently introduced the latest dsPIC33CH that may be able to solve the dual core problem.

The master core of dsPIC33CH is designed for handling non-critical tasks like user input and GUI handling, while the slave core, for handling time-critical tasks like safety monitoring, motor control and power control. Microchip’s product launch is just one of the many instances that exhibits the efforts taken by core companies to consolidate their stance in the industry while providing top-of-the-notch components to the mainstream.

The competitive spectrum of this industry is quite diverse, and comprises renowned companies such as Intel, SK Hynix, Broadcom, Qualcomm, Texas Instruments, Western Digital, ST Microelectronics and more. Powered by the commendable attempts undertaken by these companies to ensure the manufacturing of highly efficient products, the global semiconductor memory market is certain to depict rather profitable returns in the years ahead.

© 2024 Fractovia. All Rights Reserved