How has COVID19 Impacted Semiconductor Memory Market?

The global semiconductor memory market is anticipated to develop rapidly within the forecast period from 2015 to 2023. This is credited to increasing penetration of cell phone and advancement in technology combined with increasing adoption and popularity of smart devices. Notable emergence of Solid-State Drives (SSD) and mobile computing technology in the market is additionally foreseen to boost the development of global semiconductor memory market in future. Furthermore, surging demand in electronic sector is also impacting the market growth positively.

The market is witnessing high sales in business and growth on the technological front. However, several government regulations are foreseen to hamper the market. The semiconductor memory market are majorly classified as per types of data storage and data access into non-volatile Read Only Memory (ROM) and volatile Random Access memory (RAM).The item has various applications including flash memory card, code and data storage in MP3 players, mobile phones, and PDAs. These segments play an important role in computing and advanced processing. In addition, the increasing requirements and complexities for advanced computing abilities in several data centers in the world are also providing lucrative opportunities for the key players to invest in the global semiconductor memory market growth.

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Evolution in the form of automation and digitalization in entire electronics sector, along with use of memory-based elements in technologically advanced products in several industry verticals such as automobile, IT and telecom, and consumer electronics, etc are escalating the global semiconductor memory market. The expanding usage of semiconductor parts in the electronics and automobile systems, for example, NAND Flash, DRAM, and others, are the key generators for the demand regarding the integrated gadgets and chips. The automobile frameworks, for example, automated safety and luxury and driving and control frameworks that consolidate various storage solutions will give expanded speed and network in self-ruling and electric vehicles. In addition, the high utilization of cell phones, workstations, smart devices, and consumer electronic gadgets over the globe is signifying the necessities for exceptionally productive chips.

Semiconductor Memory Market - Overview

Semiconductor memory is an essential constituent for today’s electronic devices. It’s a kind of device in which digital information is maintained by using IC (Integrated Circuit) technology. These memories are classified on the basis of types of data access and types of data storage and these mechanisms can be categorized in two groups that are volatile RAM (Random Access Memory) and non-volatile ROM (Read Only Memory). 

RAM and ROM can be further classified on the basis of technologies and applications available. RAM includes DRAM, SRAM, SDRAM, and MRAM. ROM can be categorized in to PROM, EPROM, EEPROM, Flash memory etc. DRAM, mainstream memory holds a larger market share followed by NAND Flash, 3D ReRAM, NOR Flash. PCRAM is a new technology in the market and possesses better features than conventional memories. It also provides power saving opportunities to customers. 

Semiconductor Memory Market - Drivers and Restraints

Growing market for smartphones, tablets and SSD (Solid-state drives) are the major growth drivers for the semiconductor memory market. Government regulations and manufacturing standards might restrict the growth of semiconductor memory market as marketers believe that implementation of these regulations and standards might affect the sourcing of materials and increase the cost of products. 

Semiconductor Memory Market - Key Players

Some of the notable companies in semiconductor memory market are Toshiba, SanDisk Corporation, Micron Technology, Inc., Intel, IBM, Fujitsu, Cypress Semiconductor, Samsung, Atmel Corporation, Crocus Technology, Everspin Technology among many others.  Samsung and Micron Technology are regarded as leading companies in the R&D of PCRAM technology. SanDisk Corporation is engaged in developing the non-volatile technologies such as phase-change memory, charge-trap flash, memristor and other technologies. 

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