Exponential Increase in Development & Deployment of Data-Oriented Technology is Expected to Drive Market Growth

Global memory chip market is anticipated to grow at a CAGR of 5.9% during the forecast period (2025-2035). The main contributing factors to the market growth are increasing demands for data-oriented technologies such as IoT, 5G, and AI. The overall technology market in recent decades has witnessed tremendous exponential strides in the development of various technologies, which include AI, AR/VR, edge computing, and big data analytics. These advancements have significantly led to the acceptance & demand for advanced memories that could be trusted enough to manage AI and IoT ecosystem-related requirements at very high speeds along with optimal power efficiency and energy efficiency. The rapid in-memory architecture, an expansion of telecommunication and increasing applications, and more efficient memory substitutes like high-bandwidth memory or HBM3, also complement the requirements of future-oriented data memory requirement.

Browse the full report description of “Memory Chip Market Size, Share & Trends Analysis Report by Type (Volatile Memory, and Non-Volatile Memory), and Application (Laptop/PC, Cameras, Smartphones, and Others (Gaming Systems, Servers)) Forecast Period (2025-2035)” at https://www.omrglobal.com/industry-reports/memory-chip-market

Key Figures for AI Adoption Across Diverse Parameters-

• 59% of businesses are currently evaluating or implementing AI and are willing to invest faster in AI.
• 38% are actively building solutions using generative AI and 42% are evaluating generative AI.
• In active deployment: India is ahead at 59%, followed by UAE at 58%, Singapore at 53% and China at 50%. Spain has lagged in adopting AI (28%), Australia follows with 29% and France with 26%.
• Among all the sectors, the highest deployment of AI can be found in the finance and banking industry at 50%.
• 37% of the respondents in telecommunications indicated that their organizations are deploying AI.

Source: IBM AI Adoption Report, 2023

Recent Developments

• In February 2024, Micron started the volume production of its 24GB HBM3E memory, which the company would integrate into the NVIDIA H200 Tensor Core GPUs that will be shipped in Q2 2024. HBM3E is designed to accelerate AI workloads and provide superior AI performance and efficiency for artificial intelligence applications and data centers through its 1.2 terabytes per second bandwidth capabilities. 

• In March 2023, Kioxia Corporation and Western Digital Corp. launched their new 3D flash memory technology, which integrates the most advanced scaling and wafer bonding techniques to deliver industry-leading capacity, performance, and reliability at competitive cost. It is a product that keeps pace with fast-growing needs for data and targets a wide range of market applications, providing an efficient and scalable solution for next-generation storage.

Market Coverage

• The market number available for – 2024-2035

• Base year- 2024

• Forecast period- 2025-2035

• Segment Covered- 

o By Type 

o By Application 

• Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

• Competitive Landscape - Samsung Electronics Co. Ltd, SK Hynix Inc., Advanced Micro Devices, Inc., Micron Technology Inc., Elite Semiconductor Microelectronics Technology Inc., Integrated Silicon Solution, Inc., Patriot Memory, Inc., Western Digital Corp,

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Memory Chip Market Report Segment

By Type 

• Volatile Memory  

o DRAM 

o SRAM 

• Non-Volatile Memory  

o PROM 

o EEPROM 

o NAND Flash 

By Application 

• Laptop/PC 
• Cameras 
• Smartphones 
• Others (Gaming Systems, Servers) 

Global Memory Chip Market Report Segment by Region

North America

• United States

• Canada 

Europe

• UK

• Germany

• Italy

• Spain

• France

• Russia

• Rest of Europe 

Asia-Pacific

• China

• India

• Japan

• South Korea

• Australia and New Zealand

• ASEAN Economies

• Rest of Asia-Pacific 

Rest of the World

• Latin America 

• Middle East & Africa

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