Global Static Random Access Memory Market growing at a CAGR of 4.2% from 2023 to 2031
Category : Semiconductor And Electronics | Published Date : Dec 2023
Key Market Overview
The Global Static Random Access Memory Market was valued at USD 488.95 Million in 2022, projected to grow by USD 498.37 Million in 2023, and is expected to register a compound annual growth rate of 4.2% to reach USD 695.13 Million in 2031.
The report highlights the increasing adoption of static random access memory in consumer electronics, automotive, aerospace & defense, and other sectors. Consegic Business Intelligence provides an inclusive research report on the static random access memory market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.
Global Static Random Access Memory Market By Overview
The report analyses significant segments such as type, functionality, sales channel, end-user, and region, to identify emerging trends and potential opportunities. The type segment is expected to grow due to the increasing adoption of non-volatile SRAM in consumer electronics, telecommunication, and other industrial applications. Moreover, the rising deployment of pseudo-SRAM in several portable smart devices and wearable IoT devices is expected to drive the market growth during the forecast period.
Get Free SampleMarket Dynamics
Driver:
- Rising utilization of SRAM in consumer electronics industry is driving the market growth.
- Growing automotive sector is spurring the market growth.
Restraints:
- Limitations and high cost associated with static random access memory is restraining the market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Type | Non-Volatile SRAM, Pseudo SRAM, and Others |
| By Functionality | Asynchronous SRAM and Synchronous SRAM |
| By Sales Channel | Direct Sales and Distributor Sales |
| By End-User | Consumer Electronics, Automotive, Telecommunication, Aerospace & Defense, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The global static random access memory market is highly competitive due to the presence of major players such as Infineon Technologies AG, Microchip Technology Inc., Integrated Silicon Solution Inc., Winbond, and others operating in the global market. The market players are adopting new ways through product innovations, mergers and acquisitions, and business strategies to remain hold strong market position. Thus, evolving research and developments in static random access memory market are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various industries.
- Infineon Technologies AG
- Microchip Technology Inc.
- Integrated Silicon Solution Inc.
- Winbond
- Toshiba Corporation
- STMicroelectronics
- Renesas Electronics Corporation
- Semiconductor Components Industries LLC
- Alliance Memory
- Lyontek Inc.