Memory Integrated Circuits - Central & Western Europe

Revenue in the Memory Integrated Circuits market is projected to reach US$9.92bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 9.17%, resulting in a market volume of US$15.38bn by 2029.
In global comparison, most revenue will be generated China (US$49.65bn in 2024).

Definition:

Memory integrated circuits are ICs that are intended for memory functions. They are made of a single or a combination of MOS technologies.

Additional Information:

The Memory Integrated Circuits market comprises revenue and revenue change as the key performance indicators. Only the revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included and the revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B), and governments (B2G).

Key players in this market include Samsung, SK Hynix, Micron, Toshiba, etc.,

For more information on the displayed data, use the info button right next to the boxes.

Devices such as DRAM, SRAM, NAND
Flash memory devices
Programmable memory devices
Erasable memory devices

The Memory Integrated Circuits market in Central & Western Europe is experiencing steady growth due to increasing customer preferences for high-performance and energy-efficient memory solutions.

Customer preferences: Customers in Central & Western Europe are increasingly demanding memory integrated circuits that offer higher performance, lower power consumption, and larger storage capacities. This is driven by the growing adoption of advanced technologies such as artificial intelligence, big data analytics, and Internet of Things (IoT) across various industries. Additionally, there is a rising demand for memory integrated circuits in the automotive sector, as vehicles are becoming more connected and autonomous, requiring robust memory solutions for data storage and processing.

Trends in the market: One of the key trends in the Memory Integrated Circuits market in Central & Western Europe is the increasing adoption of non-volatile memory technologies such as flash memory and emerging memory technologies like resistive random-access memory (RRAM) and phase-change memory (PCM). These technologies offer faster read/write speeds, lower power consumption, and higher endurance compared to traditional memory technologies, making them ideal for applications that require high-performance and energy-efficient memory solutions. Another trend in the market is the growing demand for memory integrated circuits with higher storage capacities. As data generation continues to increase exponentially, driven by factors such as social media, e-commerce, and digital content consumption, there is a need for memory solutions that can handle large amounts of data. This is particularly relevant in data centers, where memory integrated circuits are used for storage and processing of vast amounts of information.

Local special circumstances: Central & Western Europe is home to several major semiconductor companies and has a strong presence in the memory integrated circuits market. This has led to a competitive landscape with a focus on innovation and product development. Local companies are investing in research and development to stay ahead in the market and cater to the evolving customer preferences.

Underlying macroeconomic factors: The growth of the Memory Integrated Circuits market in Central & Western Europe is also influenced by macroeconomic factors such as GDP growth, consumer spending, and technological advancements. As the economy continues to recover and consumer confidence improves, there is a higher demand for electronic devices and appliances, which drives the demand for memory integrated circuits. Additionally, advancements in semiconductor manufacturing technologies, such as the transition to smaller process nodes, enable the production of memory integrated circuits with higher performance and lower power consumption, further fueling market growth.

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the money spent at the manufacturer price level (excluding VAT).

Modeling approach / Market size:

Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market. As a basis for evaluating markets, we use the annual financial reports of the market-leading companies and reports from our primary research. In addition, we use relevant key market indicators and data from country-specific associations. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Governments and companies across the entire semiconductor value chain have had to navigate changing demands, supply chain imbalances, and geopolitical factors in recent times. As a result, action plans and policies have had to be established to safeguard the supply of semiconductors. In 2024, global semiconductor sales are expected to surpass 600 billion U.S. dollars, a jump from the previous year as the industry reaps the rewards from the artificial intelligence (AI) revolution sweeping across the world.