Memory Integrated Circuits - Portugal

  • Portugal
  • Revenue in the Memory Integrated Circuits market is projected to reach US$222.70m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 9.02%, resulting in a market volume of US$343.00m by 2029.
  • In global comparison, most revenue will be generated in China (US$49.65bn in 2024).
 
Market
 
Region
 
Region comparison
 
Currency
 

Analyst Opinion

The Memory Integrated Circuits market in Portugal is experiencing significant growth and development.

Customer preferences:
Customers in Portugal are increasingly demanding Memory Integrated Circuits with higher storage capacity and faster processing speeds. This is driven by the growing need for data storage and processing capabilities in various industries, including telecommunications, automotive, and consumer electronics. Additionally, customers are also seeking Memory Integrated Circuits that are more energy-efficient and reliable, as sustainability and reliability are becoming important factors in purchasing decisions.

Trends in the market:
One of the key trends in the Memory Integrated Circuits market in Portugal is the increasing adoption of advanced technologies such as Artificial Intelligence (AI) and Internet of Things (IoT). These technologies require Memory Integrated Circuits with higher performance and capacity to handle the massive amounts of data generated. As a result, there is a growing demand for high-density Memory Integrated Circuits that can support AI and IoT applications. Another trend in the market is the shift towards the use of non-volatile memory technologies such as Flash memory and MRAM (Magnetoresistive Random Access Memory). These technologies offer faster read and write speeds, lower power consumption, and higher endurance compared to traditional volatile memory technologies. As a result, there is a growing demand for non-volatile Memory Integrated Circuits in Portugal.

Local special circumstances:
Portugal has a strong presence in the semiconductor industry, with several companies involved in the design and manufacturing of Memory Integrated Circuits. This local expertise and infrastructure contribute to the growth of the Memory Integrated Circuits market in Portugal. Additionally, the country's strategic location within Europe makes it an attractive destination for companies looking to establish a presence in the European market.

Underlying macroeconomic factors:
The growth of the Memory Integrated Circuits market in Portugal is also influenced by macroeconomic factors such as GDP growth, consumer spending, and government initiatives. As the Portuguese economy continues to recover from the global financial crisis, there is an increase in consumer spending power, which drives the demand for consumer electronics and other devices that require Memory Integrated Circuits. Furthermore, the Portuguese government has been actively supporting the development of the semiconductor industry through various initiatives and incentives. This includes funding research and development projects, promoting collaboration between industry and academia, and providing tax incentives for companies operating in the semiconductor sector. These government efforts have helped to create a favorable business environment for the Memory Integrated Circuits market in Portugal. In conclusion, the Memory Integrated Circuits market in Portugal is experiencing growth and development driven by customer preferences for higher performance and capacity, the adoption of advanced technologies, and the shift towards non-volatile memory technologies. The local expertise and infrastructure in the semiconductor industry, as well as favorable macroeconomic factors and government support, further contribute to the market's growth.

Methodology

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.

Overview

  • Revenue
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
Please wait

Contact

Get in touch with us. We are happy to help.
Statista Locations
Contact Meredith Alda
Meredith Alda
Sales Manager– Contact (United States)

Mon - Fri, 9am - 6pm (EST)

Contact Yolanda Mega
Yolanda Mega
Operations Manager– Contact (Asia)

Mon - Fri, 9am - 5pm (SGT)

Contact Ayana Mizuno
Ayana Mizuno
Junior Business Development Manager– Contact (Asia)

Mon - Fri, 10:00am - 6:00pm (JST)

Contact Lodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Mon - Fri, 9:30am - 5pm (GMT)

Contact Carolina Dulin
Carolina Dulin
Group Director - LATAM– Contact (Latin America)

Mon - Fri, 9am - 6pm (EST)