Memory Market Size, Share, Trends & Analysis | 2022-27

 

Market Overview:

During the forecast period, it is anticipated that the memory market will expand at a 6.2% CAGR (2022–2027). The initial months of 2020 saw significant supply chain and production of the market studies disruption due to the global COVID-19 pandemic. The impact on fabrication units was greater. Many of the Asia Pacific region’s packaging, assembly, and testing facilities reduced and even suspended operations as a result of the labour shortage. For end-user companies that rely on semiconductors, this led to a bottleneck. ​​

Recently, the Global Memory Market supply chain was once more disrupted by lockdowns in China related to COVID-19. Two of the biggest manufacturers of memory chips in the world, Samsung Electronics and Micron Technology, issued a warning in December 2021, stating that the strict COVID-19 restrictions and lockdowns in the Chinese city of Xian might affect their chip production facilities there. Lockdowns may result in delays in the supply of DRAM memory chips, which are frequently used in data centres, according to Micron Technology.

Scope of the Report:

The study’s focus is on semiconductor memory market analysis, and market sizing includes the revenue generated by memory products across all end-user industries. In order to support the market estimates and growth rates over the forecast period, the study also tracks key market parameters, underlying growth influencers, and major industry vendors. The research keeps track of the money made by the various global memory market players. The overall effect of COVID-19 on the ecosystem is further examined in the study.

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