Lucintel's latest market report analyzed that memory integrated circuit provides attractive opportunities in consumer electronics, automotive, IT & telecommunication, healthcare, and industrial applications. The memory integrated circuit market is expected to reach $261.7 billion by 2028 with a CAGR of 6.5%. In this market, DRAM (dynamic random-access memory) is the largest segment by product, whereas consumer electronics is largest by application.
Based on product, the memory integrated circuit market is segmented into DRAM (dynamic random-access memory), NAND flash memory, and others. The DRAM (dynamic random-access memory) segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to increasing demand for smartphone and other electronic devices, growing OEM production, and growing requirement for cloud computing services and solutions.
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The Memory Integrated Circuit Market is marked by the presence of several big and small players. Some of the prominent players offering memory integrated circuit include Analog Devices, NXP Semiconductors, Microchip Technology, Cirrus Logic, STMicroelectronics, Renesas Electronics, Linear Technologies, Texas Instruments, and Murata Manufacturing.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.
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