The Asia Pacific Semiconductor Memory Market would witness market growth of 7.8% CAGR during the forecast period (2020-2026). With time, the application scope of semiconductor memory has increased, and the size has increased since larger and larger storage spaces are needed. Increased demands for semiconductor-based memory have also contributed to the introduction of new types of memory and technologies, thereby also evolving existing technologies and models. The growing implementation of advanced safety systems in cars, such as airbags, ADAS, lighting and braking, utilizes a variety of sensors and ECUs that require highly efficient memory components to drive market growth. Process analytical devices and cameras used in ADAS systems need a huge amount of flash and DRAM memory, creating market opportunities. Due to its performance and low power consumption benefits, automotive manufacturers increasingly use these memory solutions for their safety systems. This will be added as an advantage to the players in the industry.
There are also several requirements for non-volatile memory, such as NAND flash, on the in-vehicle communication system. This helps to store a number of security certificates and develop efficient wireless connections. Companies that manufacture semiconductor memory focus on offering products on the basis of the requirements of auto manufacturers to receive a competitive edge in the market.
Over the forecast period, substantial growth is anticipated in the automotive segment. The rise is due to the decreasing use of advanced vehicle safety features including airbags, security, and ADAS systems and braking systems, which use many sensors and ECUs. Sensors and electrical devices need highly efficient memory components. Owing to their low energy usage and increased efficiency advantages, automotive manufacturers are gradually utilizing semiconductor memory chips for vehicle security systems.
The communications system in the vehicle also calls for non-volatile memory, for example flash ROM. This flash ROM helps to create efficient wireless connections and store various security certificates. In recent years, manufacturers of semiconductor memory have focused on manufacturing products, depending on the requirements of car manufacturers, in order to gain a competitive edge on the market.
Based on Type, the market is segmented into DRAM, Flash ROM, SRAM, MRAM and Others. Based on End User, the market is segmented into Consumer Electronics, Automotive, Telecom & IT, Aerospace & Defense, Medical, Industrial and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Malaysia, Taiwan, and Rest of Asia Pacific.
Free Valuable Insights: Semiconductor Memory Market in Asia Pacific is expected to register a CAGR of 7.8% during the forecast period (2020-2026)
The market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Infineon Technologies AG (Cypress Semiconductor Corporation), NXP Semiconductors N.V., Samsung Electronics Co., Ltd. (Samsung Group), Intel Corporation, Fujitsu Limited, Texas Instruments, Inc., Toshiba Corporation (Toshiba Electronic Devices & Storage Corporation), Macronix International Co., Ltd., and Crocus Technology, Inc.
Market Segmentation:
By Type
By End User
By Country
Companies Profiled
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