Semiconductor Memory Market-Global Industry Analysis, Size, Growth, Trends, Forecast 2023

Semiconductor memory is an essential constituent for today’s electronic devices. It’s a kind of device in which digital information is maintained by using IC (Integrated Circuit) technology. These memories are classified on the basis of types of data access and types of data storage and these mechanisms can be categorized in two groups that are volatile RAM (Random Access Memory) and non-volatile ROM (Read Only Memory).

RAM and ROM can be further classified on the basis of technologies and applications available. RAM includes DRAM, SRAM, SDRAM, and MRAM. ROM can be categorized in to PROM, EPROM, EEPROM, Flash memory etc. DRAM, mainstream memory holds a larger market share followed by NAND Flash, 3D ReRAM, NOR Flash. PCRAM is a new technology in the market and possesses better features than conventional memories. It also provides power saving opportunities to customers.

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Growing market for smartphones, tablets and SSD (Solid-state drives) are the major growth drivers for the semiconductor memories market. Government regulations and manufacturing standards might restrict the growth of this market as marketers believe that implementation of these regulations and standards might affect the sourcing of materials and increase the cost of products.

Some of the notable companies in this market are Toshiba, SanDisk Corporation, Micron Technology, Inc., Intel, IBM, Fujitsu, Cypress Semiconductor, Samsung, Atmel Corporation, Crocus Technology, Everspin Technology among many others. Samsung and Micron Technology are regarded as leading companies in the R&D of PCRAM technology. SanDisk Corporation is engaged in developing the non-volatile technologies such as phase-change memory, charge-trap flash, memristor and other technologies.

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