Memory chip market is anticipated to grow at a CAGR of 5.9% during the forecast period (2025-2035). The global digitization initiatives and rapid deployment of data-intensive devices are enabling the memory chip market to expand across the globe. The market players in the memory chip market, including Samsung, Micron, and Patriot Memory, are continuously innovating and developing novel memory solutions for next-generation utility, such as for AI workstations and autonomous driving, which is expected to make the memory chip market innovations relevant for the future. For instance, in June 2024, Micron Technology, Inc. announced samples of its GDDR7, the industry’s highest bit-density graphics memory solution. Micron GDDR7 delivers up to 32 Gb/s of high-speed memory in an optimized power form, based on Micron’s 1? DRAM process technology and next-generation architecture.
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The rapid growth & mass availability of different consumer electronics devices including smartphones, laptops, cameras, and smartwatches have been among the major contributors to the growth of the memory chips market. The component serves as an integral part of electronic devices by ensuring smooth operations and providing storage capabilities. However, as the consumer electronics industry advances, most devices are incorporating novel technological & software-based developments, necessitating manufacturers to relatively upgrade the storage ecosystem to support seamless user interaction & device requirements. In October 2021, Micron Technology, Inc. reported that it will spend over $150 billion globally within the next decade for advanced memory manufacturing and R&D, potentially even on a future U.S. fab expansion, because the memory manufacturer seeks to seize upon growing demand that already approaches 30% of global semiconductor spending-impelled by everything from 5G, AI, to ballooning use of data centers, automobiles, and consumer products.
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- Market Coverage
- Market number available for – 2025-2031
- Base year- 2025
- Forecast period- 2025-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Memory Chip Market Report Segment
By Type
- Volatile Memory
o DRAM
o SRAM
- Non-Volatile Memory
o PROM
o EEPROM
o NAND Flash
By Application
- Laptop/PC
- Cameras
- Smartphones
- Others (Gaming Systems, Servers)
Global Memory Chip Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Russia
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia and New Zealand
- ASEAN Economies
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2024 and forecast to 2035.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global memory chip market. Based on the availability of data, information related to new products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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