Global Static Random Access Memory (SRAM) Market-Growth, Trends, and Forecast (2018-2023)

Global Static Random Access Memory (SRAM) Market 2018–2023:

The global static random access memory (SRAM) market was valued at USD XX billion in 2017 and is expected to reach USD XX billion by 2023, at a CAGR of XX.XX% during the forecast period (2018–2023).

The characteristics of static random access memory (SRAM), such as bandwidth and power efficiency, make these an ideal solution for electronic products, such as cell phones and other electronic user interfaces. Compared to traditional RAM, effective replacement of the traditional memory technology and increasing applications are the major factors driving the SRAM market. High cost involved in designing and low stability in harsh condition are some of the factors that are expected to hinder the growth of the SRAM market.

Growing Demand for SRAM in Cellular Devices
The demand for cellular RAM is growing at a rapid rate and increasing application of SRAM in cellular devices is expected to impact the market. Flash memory can be replaced by SRAMs, thus, providing several opportunities for the manufacturers. The increase in sales of smartphones is expected to increase the demand for mobile SRAMs, making smartphones the major revenue-generating source in the global mobile SRAM market. The global smartphone market is expected to witness a growth rate of more than 11%.

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Key Players:

· CYPRESS SEMICONDUCTOR

· INTEGRATED SILICON SOLUTION, INC. (ISSI)

· GSI TECHNOLOGY

· INTEGRATED DEVICE TECHNOLOGY, INC.

· SAMSUNG SEMICONDUCTOR

· MICRON TECHNOLOGY

· TOSHIBA

· STMICROELECTRONICS N.V.

· NEC CORPORATION

· RENESAS ELECTRONICS CORPORATION

· amongst others.

Asia-Pacific to Occupy Significant Market Share
Asia-Pacific is expected to witness highest growth rate, mainly with the growing demand from China, Japan, and South Korea, owing to the presence of key industry participants. The rising popularity of smartphones and demand for newer memory technologies have increased the growth of computationally-intensive consumer electronics, thereby, creating a range of opportunities for SRAM in this region.

Key Developments In The Market
• March 2017 — Micron Technology, Inc., semiconductor systems, announced that it successfully won the auction for Cando Corporation assets, which will be utilized in establishing a back-end site for Micron Taiwan.

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• Impact of growing application in consumer electronics industry
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
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