The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Rising penetration of mobile, tablet and other electronics and rising data consumption are expected to drive innovation in memory chips manufacturing, thus driving the market during the forecast period.

The global memory chips market is expected to grow from $83.81 billion in 2022 to $90.24 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The global memory chips market size is expected to grow to $117.31 billion in 2027 at a CAGR of 6.8%.

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Global Memory Chips Market Segments Include:

• By Type:Volatile, Non Volatile
• By Application:Laptop/PCs, Camera, Smartphone
• 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. Among these regions, Asia Pacific is the largest region in the global memory chips market in 2021.

Major Market Players in the memory chips market include Samsung Group, Sony Corporation, Toshiba, SK Hynix, Micron Technology, Intel, Transcend Information, Fujitsu Microelectronics Inc., NXP, and Broadcom.

Companies in the memory chip market are developing chips with major technological changes that contribute to the growth of demand for memory chips. 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.

The Memory Chips Global Market Report 2023  provides a memory chips market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The memory chips market forecast analyzes memory chips market size, memory chips market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

A memory chip is a semiconducting chip comprising numerous capacitors and transistors that can hold the data temporarily through random access memory (RAM), or permanently through read-only memory (ROM).

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