Global Memory Chips Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Memory Chips Market Report by The Business Research Company covers memory chips market drivers and restraints, memory chips market size, major players, and the impact of COVID-19 on the memory chips market.
The memory chip market consists of sales of memory chips. A memory chip is a semiconducting chip comprising of numerous capacitors and transistors that can hold the data temporarily through random access memory (RAM), or permanently through read only memory (ROM).
Rising penetration of mobile, tablet and other electronics and rising data consumption will drive the memory chip market. Increase in sales of electronic devices such as smart phones and tablets leads to an increase in generation and consumption of digital content and require memory chips to store data.
The global memory chips market is expected to grow from $75.08 billion in 2020 to $82.35 billion in 2021 at a compound annual growth rate (CAGR) of 9.7%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $102.6 billion in 2025 at a CAGR of 6%.
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Some memory chips market trends include development of chips with major technological changes. Researchers are creating memory chips that can store and process the data, reducing the time and energy required to transfer data and increase the speed of processors. For instance, Samsung Electronics announced mass production of fifth-generation V-NAND memory chips that transfer data faster and additionally has the fastest data write speed at 500-microseconds (µs). This write speed is a 30% improvement over the previous generation, and the read-time has significantly reduced to 50µs. Technological advances reducing the data transfer time and energy contribute to the growth of the market.
Global memory chips market segments include:
1) By Type: Volatile, Non Volatile.
2) By Application: Laptop/PCs, Camera, Smartphone.
3) By Sales Channel: OEM, Aftermarket.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read More On The Memory Chips Global Market Report 2021: COVID 19 Impact and Recovery to 2030 At:
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The Memory Chips Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides memory chips market overviews, analyzes and forecasts market size, share, memory chips market players, memory chips market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The memory chips market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Memory Chips Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Samsung Group, Sony Corporation, Toshiba, SK Hynix, Micron Technology, Intel, Transcend Information, Fujitsu Microelectronics Inc., NXP, Broadcom, Qualcomm, Texas Instruments, Western Digital, Taiwan Semiconductor, Tsmc, Ti, Mediatek, Avago, Renesas.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Memory Chips Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Memory Chips Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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