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Semiconductor Memory Market Statistics 2021 | Trend & Growth Forecast To 2027

The growing incorporation of memory and storage components in consumer and automotive electronics and in various healthcare devices is expected to boost semiconductor memory market expansion over the upcoming years.<br><br>Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/2548

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Semiconductor Memory Market Statistics 2021 | Trend & Growth Forecast To 2027

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  1. Semiconductor Memory Market is projected to reach CAGR 6.5% by 2027

  2. Key Insights from Semiconductor Memory Market: • The growing incorporation of memory and storage components in consumer and automotive electronics and in various healthcare devices is expected to boost semiconductor memory market expansion over the upcoming years. According to the Consumer Technical Association (CTA), the retail revenue of the U.S. consumer technology, which includes, electronics products, along with emerging technologies and streaming services, was approximately US$422 billion in 2020. • Semiconductor memory devices play a crucial role in enhancing the data storing and rendering capabilities of modern electronics and provide designated services to customers. Pulse oximeters monitor, continuous temperature monitors, heart rate monitors, and glucose monitors are some intelligent point-of-care devices that store real-time diagnostic data for further references and procedures. • The significant advancement in medical science and the advent of sophisticated healthcare equipment is further slated to provide lucrative growth opportunities to the industry. The global semiconductor memory market size is expected to exceed US$180 billion by 2027.

  3. Regional Insights in Semiconductor Memory Market: • Moreover, the applicability of robotics, IoT devices, and automation equipment has increased in recent times, with the growth of smart factories in developed regions, like Germany, South Korea, China, and the U.S. This will shoot up semiconductor memory demand across industrial verticals in the forthcoming years. • The Europe semiconductor memory market is slated to expand at 5% CAGR up to 2027. The presence of leading automotive OEMs such as, PSA Group, BMW Group, Jaguar Land Rover, DAF Trucks, and Daimler AG, focusing on scaling automotive production, is a major factor making Europe a profitable semiconductor market.

  4. Latest Research Report On Semiconductor Memory Market @ https://www.gminsights.com/industry-analysis/semiconductor-memory-market Request for a sample of this research report @https://www.gminsights.com/request-sample/detail/2548

  5. Major Companies in Semiconductor Memory Market: • Micron Technology, Inc. • Western Digital Corporation • Intel Corporation • NXP Semiconductors N.V. • SK Hynix • Samsung Electronics Co.

  6. Industry Coverage

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