Lucintel’s latest market report analyzed that semiconductor memory provides attractive opportunities in the consumer electronic, IT & communication, automotive, industrial, and aerospace & defense, and medical industries. The semiconductor memory market is expected to reach $170.3 billion by 2028 with a CAGR of 9%. In this market, DRAM is the largest segment by type, whereas consumer electronics is largest by application.
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Based on type, the semiconductor memory market is segmented into SRAM, MRAM, DRAM, Flash ROM, and others. The DRAM segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to growing demand for electronic devices, and increasing integration of electronic components in vehicles.
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The Semiconductor Memory Market is marked by the presence of several big and small players. Some of the prominent players offering semiconductor memory include Integrated Silicon Solutions, Micron Technology, Macronix International Co., Samsung Electronics, Taiwan Semiconductor, Texas Instruments, Toshiba, IBM, SK Hynix, and Cypress Semiconductor.
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