Memory Integrated Circuits - North America

Revenue in the Memory Integrated Circuits market is projected to reach US$45.76bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 9.51%, resulting in a market volume of US$72.08bn 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 North America has experienced significant growth in recent years. Customer preferences for high-performance and high-capacity memory solutions have driven this trend. Additionally, the increasing demand for memory in various applications such as smartphones, computers, and automotive electronics has contributed to the market's development. Customer preferences in North America have shifted towards memory solutions that offer faster data transfer speeds and larger storage capacities. This is driven by the growing need for high-performance devices that can handle data-intensive tasks such as gaming, video editing, and virtual reality. As a result, manufacturers have focused on developing memory integrated circuits that offer higher bandwidth and greater storage capacities to meet these customer demands. The market has also been influenced by the increasing adoption of cloud computing and data centers in North America. With the rise of big data and the need for real-time analytics, there is a growing demand for memory solutions that can handle large amounts of data quickly and efficiently. Memory integrated circuits that offer high-speed data transfer and low latency have become essential for these applications. Local special circumstances in North America have also played a role in the development of the Memory Integrated Circuits market. The presence of major technology companies and semiconductor manufacturers in the region has created a favorable environment for the growth of the market. These companies have invested heavily in research and development to develop innovative memory solutions that meet the evolving needs of customers. Underlying macroeconomic factors have also contributed to the growth of the Memory Integrated Circuits market in North America. The region has a strong economy and high disposable income, which has led to increased consumer spending on electronics and technology products. This has created a demand for memory solutions that can enhance the performance and storage capacity of these devices. In conclusion, the Memory Integrated Circuits market in North America has experienced significant growth due to customer preferences for high-performance and high-capacity memory solutions, the increasing demand for memory in various applications, the adoption of cloud computing and data centers, local special circumstances, and underlying macroeconomic factors. As technology continues to advance and customer demands evolve, the market is expected to continue its upward trajectory.

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.