• Contact
  • Privacy Policy
  • Advertise With Us
  • Login
  • Register
Your Trading Edge Magazine
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe
No Result
View All Result
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe
No Result
View All Result
Your Trading Edge Magazine
No Result
View All Result

Semiconductor Memory Market to Have a Promising Future Ahead

October 7, 2021
in Trading
Reading Time: 3 mins read
A A
0
Semiconductor Memory Market to Have a Promising Future Ahead
0
SHARES
6
VIEWS
ShareShareShareShareShare

The semiconductor memory market will witness considerable expansion driven by the higher adoption of memory and storage components in moveable medical devices and healthcare equipment. These intelligent point-of-care devices include glucose, heart rate, continuous temperature, and pulse oximeter monitors and are used to store real-time diagnostic data, which can be later easily derived from the semiconductor memory. This information not only assists in analyzing the disease source but also renders early treatment and diagnosis of the targeted diseases.

On this note, it has been reported that the global semiconductor memory market size will reach over USD 180 billion in annual remuneration by 2027.

Below are the key trends likely to influence the industry expansion

Rising preference for MRAM semiconductor memories

Magneto-resistive Random-access Memory (MRAM) semiconductor memory industry is pegged to see a CAGR of nearly 15% in the analysis timeframe. This is mainly ascribing to the non-volatility, low power consumption, higher durability, faster read/write cycles, and enhanced data storage capacities for extended durations of the MRAM devices. This has pushed leading business participants to come up with MRAM chipsets for use in consumer electronics applications. To quote an instance, Samsung Electronics, in March 2019, launched the eMRAM, deployed with 28FDS process technology to offer higher performance and endurance in applications of embedded systems.

Expanding industrial application scope

Demand for semiconductor memories in industrial applications accounted for around 10% of the overall market share in 2020. This is owing to the incessant requirement for semiconductor memory chipsets across numerous industrial components. The rise in the number of smart factories in South Korea, Germany, China, and the U.S. has bolstered the adoption of IIoT devices, robotics, and automation equipment. According to the Ministry of SMEs and Startups, the number of registered smart factories in Korea reached 19,799 in 2020. This penetration will add a positive edge to the intake of semiconductor memory solutions in the industrial sector.

Europe to emerge as a key producer

The semiconductor memory industry share in Europe is poised to expand at a 5% CAGR up to 2027 driven by the increased automotive production and the prominent presence of leading automotive OEMs in the region. The European Automobile Manufacturers’ Association estimated that Europe produced close to 15.8 million passenger vehicles in FY2019, accounting for nearly 21% of the total passenger vehicle production in the world.

Furthermore, semiconductor memories are widely integrated with in-vehicle communications, instrument clusters, navigation systems, telematics, among several other automotive electronics. This has paved the path for advanced automotive safety systems, including self-driving cars in the region.

Competitive business initiatives

Suppliers of different semiconductor memory types are working towards inorganic marketing strategies, like mergers and acquisitions to gain competitive advantages. For instance, SK Hynix, Inc., in October 2020, struck an acquisition deal with Intel Corporation to obtain its NAND memory and storage business for USD 9 billion. This acquisition is inclusive of Intel’s NAND component and wafer business as well as the Dalian NAND memory production facility from NAND SSD business Intel, which is in China.

Impact of COVID-19 crisis

The ongoing COVID-19 pandemic tremendously affected the growth of the semiconductor memory market particularly in the first two quarters of 2020 owing to the imposition of severe nationwide lockdowns by several governments. This made way for supply chain disruptions as well as international trade barriers with regard to raw materials and components. However, the emergence of the work-from-home policies supported the demand for semiconductor memories amidst the pandemic given the growing sales of consumer electronic devices, like tablets, laptops, and smartphones.

Rising advancements in medical science and equipment have given rise to multiple opportunities for semiconductor memory manufacturers in integrating AI and IoT technologies. There is also an escalating need for telematics, in-vehicle infotainment systems, instrument clusters, and ADAS solutions in advanced automotive and connected cars. The increasing developments in Flash memory, such as 3D NAND Flash drives to enhance the transmission speed while reducing latency will further complement the industry expansion.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Tiny island of Tonga weighs making Bitcoin (BTC) legal tender

Next Post

The Benefits of Cloud Computing for International Companies

Related Posts

Affyn’s “Buddies” NFTs sell out in 100 seconds
Trading

Affyn’s “Buddies” NFTs sell out in 100 seconds

July 7, 2022
4
Freight Forwarding Market Experiences Its Fastest Expansion Rate
Trading

Freight Forwarding Market Experiences Its Fastest Expansion Rate

July 7, 2022
6
80% of U.S. Small Businesses Are Confident They Could Withstand a U.S. Economic Recession
Trading

Dispatch Expands Its Last-Mile Delivery Service Into California and New York

July 7, 2022
2
Louis Region Poised To Join One Of The World’s Most Comprehensive…..
Trading

CPC Logistics Honors Hall of Fame and All-Star Drivers at NASCAR Race

July 6, 2022
8
DP World Divests Stake to Indian Infrastructure Fund in $300 Million Investment
Trading

DP World Divests Stake to Indian Infrastructure Fund in $300 Million Investment

July 6, 2022
17
Next Post
The Benefits of Cloud Computing for International Companies

The Benefits of Cloud Computing for International Companies

Recommended

Vitalik Buterin Weighs In On El Salvador’s Bitcoin Adoption

Vitalik Buterin Brushes Aside Criticism Of PoS As Ethereum Inches Towards The Merge

July 5, 2022
5
Equilibrium integrates Polygon for cross-chain DeFi solutions

Equilibrium integrates Polygon for cross-chain DeFi solutions

July 7, 2022
4
Lack Of Liquidity Forces Celsius To Block Crypto Withdrawals

Lack Of Liquidity Forces Celsius To Block Crypto Withdrawals

June 14, 2022
9
Feld Entertainment CEO: We’re ‘reimagining’ the circus

Feld Entertainment CEO: We’re ‘reimagining’ the circus

June 25, 2022
7
Konecranes To Supply Miami Container Terminal With New RTGs

Konecranes To Supply Miami Container Terminal With New RTGs

June 20, 2022
5
Your Trading Edge Magazine

This is an online news portal that aims to share the latest news about trade, finance, crypto and much more. Feel free to get in touch with us!

What’s New Here!

  • Eaton Partners Acts as Exclusive Placement Agent and Financial Advisor to Allied Industrial Partners
  • Affyn’s “Buddies” NFTs sell out in 100 seconds
  • Equilibrium integrates Polygon for cross-chain DeFi solutions

Subscribe Now

Loading
  • Contact
  • Privacy Policy
  • Advertise With Us

© 2021 - ytemagazine.com - All rights reserved!

No Result
View All Result
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe

© 2021 - ytemagazine.com - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?