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Global Standalone Memory Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

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  • 100 Pages
  • June 2022
  • Region: Global
  • Mordor Intelligence
  • ID: 5617025
The Global Standalone Memory Market is expected to register at a CAGR of 7.8% over the forecast period (2021-2027). Despite the downturn, demand for internet service providers (ISPs), IT infrastructure providers, and data centers has increased, owing to the move toward home and remote working. Several trends in enterprise data centers have increased because of the COVID-19 pandemic,which is driving the market growth.

Key Highlights

  • The increasing use of internet of things devices and adoption of sensor technology such as wearable and AI-enabled devices have boosted demand for fast data transfers and high storage density, providing a tremendous chance or possibility for the growth of the standalone memory market globally. According to Applied Materials, the exponential volumes of data being generated via IoT and edge devices, and by internet users are acting as a catalyst to drive commercialization of such memory. The demand for this data is being largely driven by artificial intelligence and data analytics applications.​
  • The exponential growth of data generated shows no indications of abating. During the COVID-19 pandemic, the work-from-home trend resulted in a massive increase of data through applications such as video conferencing. New applications, such as AI and AR/VR, are projected to become a commonplace in the forecast period, resulting in a further data boom. As a result of the increase of data, memory technology is being pushed to new standards. To fulfil these demands, DRAM and NAND have scaled up.
  • Additional memory technologies, on the other side, must be developed to keep up with the data growth. In September 2021, SK Hynix, a South Korean firm stated that, three new technologies, STT-MRAM, Ferroelectric Memory, and ReRAM, could play a role in processing larger quantities of data.
  • The rising need to handle the proliferation of data, due to the adoption of IoT is further driving the market. The adoption of IoT devices is taking place at a rapid pace. Various government initiatives across the world, like building smart cities, are supporting the deployment of these devices at a much faster pace.

Key Market Trends

Automotive Expected to Witness Significant Market Share

  • The applications of standalone memory are spanning in the automotive sector due to the rise of self-driving cars and ADAS integration, among others. The advancement in the automotive sector has driven the adoption of high-performance memory, which supports the growth of the market.
  • The core of autonomous vehicles will be advanced driver assistance systems (ADAS) with multiple sensors (AVs). Vehicles will increasingly be designed to collect, analyze, and store data locally, as well as upload data selectively at the optimal period. This will necessitate the installation of data storage and computing equipment in the vehicle.The core of autonomous vehicles will be advanced driver assistance systems (ADAS) with multiple sensors (AVs). Vehicles will increasingly be designed to collect, analyse, and store data locally, as well as upload data selectively at the optimal period.
  • The significant growth in the automotive sector alongside the integration and demand for memory devices is analyzed to boost the market growth rate during the forecast period. For instance, In July 2021, Fujitsu began mass production of 4Mbit FRAM that can operate at 125°C and is automotive grade. This FRAM product meets the AEC-Q100 Grade 1 qualification criteria for "automotive grade" components, suitable for industrial robots and automotive applications such as advanced driver-assistance systems (ADAS) that demand high-reliability electronic components.
  • Also, In December 2021, Samsung began mass production of comprehensive automotive memory solutions for next-generation autonomous electric vehicles. Samsung Electronics has released a broad range of advanced automotive memory solutions for next-generation self-driving cars. For high-performance infotainment systems, the new lineup includes a 256-gigabyte (GB) PCIe Gen3 NVMe ball grid array (BGA) SSD, 2GB GDDR6 DRAM, 2GB DDR4 DRAM, 2GB GDDR6 DRAM, and 128GB Universal Flash Storage (UFS) for autonomous driving systems.
  • The market is focusing automtive DRAMs and various innovations are witnessed in the segment. For instance, in February 2021, Micron Technology, Inc. announced the launch of the automotive low-power DDR5 DRAM (LPDDR5) memory that has been hardware-tested to achieve the most stringent Automotive Safety Integrity Level (ASIL), ASIL D. Micron's new portfolio of memory and storage products based on the International Organization for Standardization (ISO) 26262 standard is aimed at vehicle functional safety.

Asia Pacific Expected to Witness Significant Market Share

  • The semiconductor manufacturing market in Asia-Pacific is the most significant in the region, driving the consumer electronics market. The presence and demand from various manufacturing sectors such as consumer electronics, automotive, and so on in the countries such as China, India, Japan, and South Korea are analyzed to bolster the demand for the standalone memory in the region.
  • eMemory has made a long-term investment in China and partnered with foundry partners to implement various embedded non-volatile memory (eNVM) on multiple platforms, ranging from mature to advanced nodes, using one-time programmable (OTP) and multiple-times programmable (MTP) solutions. In Q3/2021, eMemory launched its initial ReRAM IP on UMC's 40nm ULP (ultra-low power) process, and it is currently researching a 22nm version.
  • As stated by India Brand Equity Foundation (IBEF), the country's electronics hardware production stood at USD 63.39 billion in 2021. Moreover, according to India Cellular & Electronics Association (ICEA), India has the potential to achieve a value of USD 100 billion in manufacturing of laptops and tablets by 2025. This is analyzed to boost the demand for memory devices, thereby contributing to the market growth rate during the forecast period.
  • According to Invest in India, a National Investment Promotion and Facilitation Agency, India's automotive industry is valued at more than USD100 billion, produces 8% of total exports, accounts for 2.3% of GDP, and is on pace to become the global third largest by 2025. In December 2021, Hyundai announced an investment of USD 530.25 million in R&D in India, with the goal of launching six EVs by 2028. In October 2021, Tata Motors stated that private equity firm TPG and Abu Dhabi's ADQ had agreed to spend USD 1 billion in its electric vehicle sector. These factors are collectively contributing to the market growth rate during the forecast period.

Competitive Landscape

The Global Standalone Memory Market is moderately competitive, with a considerable number of regional and global players. The innovation drives the market in the product offerings, and each vendor is investing in innovation. Key players include Samsung Electronics Co. Ltd, SK Hynix Inc., Microchip Technology Inc., Fujitsu Semiconductor Memory Solution and Intel Corporation
  • May 2022 - SK hynix, Prominet DRAM manufacturer, displayed at the Intel Vision conference, showcasing the latest memory solutions for server applications, including DDR5 DIMM and next-generation technologies like Processing in Memory (PiM) and Compute Express Link (CXL).
  • March 2021- Samsung Electronics has added the 512GB DDR5 module based on the High-K Metal Gate (HKMG) manufacturing technology to its DDR5 DRAM memory portfolio. The new DDR5 will be capable of organising the most extreme computationally intensive, high-bandwidth workloads in supercomputing, artificial intelligence (AI), and machine learning (ML), as well as data analytics applications, with performance more than twice that of DDR4 at up to 7,200 megabits per second (Mbps).

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

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Table of Contents

1.1 Study Assumption and Market Definition
1.2 Scope of the Study
4.1 Market Overview
4.2 Porters Five Force Analysis
4.2.1 Bargaining Power Of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat Of New Entrants
4.2.4 Threat Of Substitutes
4.2.5 Intensity of Competitive Rivalry
4.3 Assessment of COVID-19 Impact on the Market
5.1 Market Drivers
5.1.1 Continuous Evolution of Mega Trends, such as Cloud Computing, IoT, AI, and Mobility, is Expected to Create Demand in the Future
5.1.2 Surging Demand for Application of Automation Robots
5.2 Market Challenges
5.2.1 Complexity in Technological Applications
6.1 By Product Type
6.1.1 DRAM
6.1.2 NAND
6.1.3 NOR
6.1.4 (NV)SRAM /FRAM
6.1.5 Other Product Types
6.2 By End-User Industry
6.2.1 Automotive
6.2.2 Consumer Electronics
6.2.3 Enterprise
6.2.4 Other End-user Industries
6.3 By Geography
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 Rest of the World
7.1 Company Profiles
7.1.1 Samsung Electronics Co. Ltd
7.1.2 Micron Technology Inc.
7.1.3 Microchip Technology Inc.
7.1.4 SK Hynix Inc.
7.1.5 Fujitsu Semiconductor Memory Solution
7.1.6 Nanya Technology Corporation
7.1.7 Powerchip Technology Corporation
7.1.8 Avalanche Technology
7.1.9 Intel Corporation
7.1.10 Infineon Technologies AG

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Samsung Electronics Co. Ltd
  • Micron Technology Inc.
  • Microchip Technology Inc.
  • SK Hynix Inc.
  • Fujitsu Semiconductor Memory Solution
  • Nanya Technology Corporation
  • Powerchip Technology Corporation
  • Avalanche Technology
  • Intel Corporation
  • Infineon Technologies AG