Memory Integrated Circuits - G7 | Statista Market Forecast

Revenue in the Memory Integrated Circuits market is projected to reach US$36.76bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 9.53%, resulting in a market volume of US$57.94bn 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.,

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

The Memory Integrated Circuits market in G7 countries is experiencing steady growth due to increasing customer preferences for high-performance electronic devices and the rising demand for data storage in various industries.

Customer preferences: Customers in G7 countries are increasingly demanding electronic devices with higher memory capacities and faster processing speeds. This is driven by the growing need to store and process large amounts of data in industries such as telecommunications, automotive, healthcare, and consumer electronics. Additionally, the rising popularity of smartphones, tablets, and other portable devices has fueled the demand for memory integrated circuits that can provide seamless user experiences and support advanced features such as high-definition video playback and augmented reality.

Trends in the market: One of the key trends in the Memory Integrated Circuits market in G7 countries is the increasing adoption of advanced memory technologies such as NAND flash and DRAM. These technologies offer higher storage capacities, faster data transfer rates, and lower power consumption compared to traditional memory solutions. The demand for these advanced memory technologies is driven by the need for faster and more efficient data processing in applications such as artificial intelligence, machine learning, and cloud computing. Another trend in the market is the growing demand for memory integrated circuits with higher levels of integration. This allows for smaller form factors and more compact devices, which is particularly important in industries such as wearables and Internet of Things (IoT) devices. The increasing popularity of these devices is driving the demand for memory integrated circuits that can provide high-performance storage solutions in a compact size.

Local special circumstances: Each G7 country has its own unique set of circumstances that influence the Memory Integrated Circuits market. For example, in the United States, the presence of major semiconductor companies and the strong demand for electronic devices drive the growth of the market. In Japan, the market is driven by the country's strong focus on technological innovation and the presence of leading memory manufacturers. In Germany, the market is influenced by the country's strong manufacturing sector and the demand for high-quality memory solutions in industrial applications.

Underlying macroeconomic factors: The growth of the Memory Integrated Circuits market in G7 countries is supported by several macroeconomic factors. These include the overall economic growth in these countries, which drives consumer spending and investment in technology. Additionally, the increasing digitization of industries and the growing importance of data analytics drive the demand for memory integrated circuits. The availability of skilled labor and technological infrastructure also play a significant role in the development of the market in G7 countries.

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 surpassed 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.