Semiconductor Memory Market Growth Outlook with Industry Review and Forecasts from 2018-2024

The semiconductor memory market is characterized by the types of memories including Read Only Memory (ROM) and Random-Access Memory (RAM). ROM includes EEPROM, EPROM, Flash Memory, and PROM. RAM comprises SRAM, SDRAM, MRAM, and DRAM. The demand for DRAM is projected to grow rapidly due to the ability of these components to refresh and delete the data while running the program. These are also cheaper than SRAM and have a higher storage capacity. The demand for PCRAM is expected to grow over the forecast timespan due to their improved features and reduced power consumption.

Semiconductor Memory Market size is expected to grow due to technological advancements and evolution of smartphones coupled with the increasing acceptance of smart devices. The rise in the adoption of Solid State Drive (SSD) and fast emerging mobile computing is expected to drive the industry growth. Additionally, growing demands of semiconductors in the electronics industry are predicted to influence the market growth positively in the coming future.

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The U.S. semiconductor memory market is projected to grow significantly owing to the high adoption of these devices in connected devices and smart homes. The country is witnessing a large-scale adoption of technologically-advanced and intelligent devices. These components are widely used by several industry verticals such as retail, travel & tourism, manufacturing, and automobile, owing to large-scale data generation. Furthermore, the presence of large technology corporations in the country is expected to bode well for the industry growth.

The China semiconductor memory market is anticipated to grow over the forecast period due to the increasing usage and adoption of portable electronic devices such as smartphones and tablets. Rising industrial applications, technology adoption for various industrial operations, and economic developments in the country are projected to positively impact the demand for these products.

The key players in the semiconductor memory market include Intel, Toshiba, Samsung, SanDisk Corporation, IBM, Atmel Corporation, Crocus Technology, Fujitsu, Micron Technology, Inc., Cypress Semiconductor, SMIC, while other major players are NXP Semiconductors, Infineon, Hynix, Taiwan Semiconductor Manufacturing Company, Texas Instruments, NEC Electronics, Renesas, Global Foundries, Everspin Technology, and Chartered Semiconductor Manufacturing. Various players in the semiconductor memory market have been trying to increase their customer bases via mergers & acquisitions and strategic expansions. With the help of continuous innovations and R&D efforts, companies have developed the finest quality and high-value products with the best cost for the price-sensitive industry. These efforts by the major companies are expected to have a positive impact on the semiconductor memory market. 

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