seobhushan (29)

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Semiconductor Memory Market is projected to reach
CAGR 6.5 by 2027
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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 US422 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 US180 billion by 2027.

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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.

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Latest Research Report On Semiconductor Memory
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548
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Major Companies in Semiconductor Memory Market

• Micron Technology, Inc.
• Western Digital Corporation
• Intel Corporation
• NXP Semiconductors N.V.
• SK Hynix
• Samsung Electronics Co.

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Industry Coverage

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