IMARC Group has recently released a new research study “static random access memory market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
What are the growth prospects of the Automotive Memory Industry?
The global static random access memory market size reached US$ 4.64 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 10.63 Billion by 2027, exhibiting a growth rate (CAGR) of 13.70% during 2022-2027.
Impact of COVID-19:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
What is a Automotive Memory Market?
Automotive memory is a data storing, accessing, and transmitting solution that functions similarly to commercial memories while performing various vehicle operations. It can be compared to error-correcting code (ECC) memories, wherein the information is stored, and memory access must be accurate. It helps communicate information between car functions and make quick decisions after evaluating real-time data to ensure comfort and safe driving with minimal human intervention. As a result, automotive memory finds extensive applications in multi-camera vision, digital cluster instruments, advanced driving assistance systems (ADAS), infotainment solutions, and powertrains across the globe.
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What are the major market drivers in the Automotive Memory Market?
The global automotive memory market is primarily driven by the rising need for modern vehicles with infotainment and engine control systems. Moreover, the increasing demand for onboard or cloud technologies in vehicles to manage traffic signals, lanes, parking, and surveillance activities is positively influencing the market growth. Additionally, the surging adoption of the ADAS system in automobiles due to rising incidences of road accidents and the implementation of stringent government safety regulations represents another major growth-inducing factor.
Besides this, the development of next-generation clusters that enable the display of high-definition (HD) content and streaming music or video has catalyzed market growth. Other factors, including the ongoing development of non-contact three-dimensional (3D) magnetic sensors, rising integration of safety electronics, and rapid expansion in the automotive sector, are also anticipated to drive the market further.
Who Are The Major Players in The Static Random Access Memory Market?
Infineon Technologies AG, Integrated Silicon Solution Inc., Macronix International Co. Ltd., Micron Technology Inc., Nanya Technology Corporation, Renesas Electronics Corporation, Samsung Electronics Co. Ltd., SK hynix Inc., Texas Instruments Incorporated, Western Digital Corporation and Winbond Electronics Corporation
The report has been segmented the market into following categories:
Breakup by Product:
Breakup by Vehicle Type:
Breakup by Application:
Infotainment and Connectivity
North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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