USD 10.40 billion
Automotive Memory Chips Market Size, Share, Growth Analysis, By Type(DRAM (Dynamic Random Access Memory) and NAND Flash), By End-User(ADAS & Safety Systems and Infotainment Systems), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45N2046 |
Region:
Global |
Published Date: March, 2024
Pages:
197
|Tables:
59
|Figures:
75
Automotive Memory Chips Market Insights
Global Automotive Memory Chips Market size was valued at USD 10.40 billion in 2022 and is poised to grow from USD 11.99 billion in 2023 to USD 37.45 billion by 2031, growing at a CAGR of 15.30% during the forecast period (2024-2031).
The global automotive memory chips market is experiencing substantial growth due to the increasing demand for advanced automotive systems and the rise of electric and autonomous vehicles. The market is driven by technological advancements, the integration of safety and driver-assistance features, and the popularity of connected cars. The automotive industry has witnessed a rapid technological transformation in recent years, with vehicles becoming more connected, autonomous, and electrified. This transformation has led to an increased demand for memory chips that can support automotive systems' growing complexity and data-intensive nature.
The rising adoption of electric vehicles (EVs) and hybrid electric vehicles (HEVs) has resulted in a greater need for memory chips to support the advanced features and functionalities of these vehicles. Additionally, the increasing integration of advanced safety and driver-assistance systems in vehicles, such as adaptive cruise control and lane departure warning, requires memory chips with higher processing capabilities and storage capacities. Moreover, the growing popularity of connected cars and the emergence of autonomous driving technologies have further fueled the demand for memory chips in the automotive sector. These memory chips enable the storage and processing of vast amounts of data generated by sensors, cameras, and other connected devices within the vehicle.
The market is also influenced by the ongoing advancements in memory chip technology, including the development of faster and more energy-efficient chips. Manufacturers are investing in research and development activities to improve the performance and reliability of automotive memory chips, ensuring compatibility with automotive temperature and vibration requirements.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
DRAM (Dynamic Random Access Memory)
Fastest Growth
DRAM (Dynamic Random Access Memory)
Growth Rate
15.30% CAGR
Global Automotive Memory Chips Market 2021-2030 ($ Bn)
Country Share for North America Region- 2021 (%)
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Automotive Memory Chips Market Segmental Analysis
Global Automotive Memory Chips market is segmented by type, end-user, and region. Based on type, the market can be segmented into DRAM (Dynamic Random Access Memory), and NAND flash. Based on end-user, the market is segmented into ADAS & safety systems, and infotainment systems. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Global Automotive Memory Chips Market Analysis by Type
By type, the market can be segmented into DRAM (Dynamic Random Access Memory) and NAND flash. DRAM (Dynamic Random Access Memory) is a type of memory chip widely used in the automotive industry due to its high-speed read and write capabilities. DRAM enables faster processing of data and helps in enhancing the performance of automotive systems.
The NAND Flash segment is expected to be the fastest-growing segment in the Automotive Memory Chips Market due to its high capacity and low power consumption. NAND Flash is widely used for data storage in electronic control units (ECUs) and infotainment systems in modern cars. The increasing demand for connected car technologies and the growing use of digital devices in vehicles is expected to drive the growth of the NAND Flash segment in the coming years.
Global Automotive Memory Chips Market Analysis by End-User
By end-user, the market can be segmented into ADAS & safety systems and infotainment systems. ADAS & Safety Systems segment dominated the Automotive Memory Chips Market due to the growing demand for advanced driver assistance systems (ADAS) in vehicles. Automotive manufacturers are incorporating ADAS into their vehicles to improve safety, and Automotive Memory Chips play a crucial role in ensuring the smooth functioning of these systems.
Furthermore, the Infotainment Systems segment is expected to be the fastest-growing segment in the Automotive Memory Chips Market due to the increasing demand for connected car technologies. With advancements in automotive technology, consumers are increasingly seeking features such as GPS navigation, multimedia entertainment, and seamless smartphone integration, driving the growth of the Infotainment Systems segment.
Global Automotive Memory Chips Market Size By Type, 2021 (%)
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Automotive Memory Chips Market Regional Insights
North America dominated the automotive memory chips market due to the presence of major automotive manufacturers and advanced technology development. The US is expected to continue to dominate the North America market during the forecast period. However, Canada and Mexico are also significant players in the region, with a growing demand for advanced automotive technologies.
The Asia Pacific region is expected to be the fastest-growing market for automotive memory chips during the forecast period. In the Asia Pacific region, China is the largest market for automotive memory chips, followed by Japan and India. This growth is driven by the growing demand for advanced automotive technologies, increasing vehicle production, and rising disposable incomes.
Global Automotive Memory Chips Market By Geography, 2021-2030
- Largest
- Fastest
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Automotive Memory Chips Market Dynamics
Global Automotive Memory Chips Market Drivers
Increasing demand for advanced driver assistance systems (ADAS) and in-vehicle infotainment systems
- One driver for the growth of the automotive memory chips market is the increasing demand for advanced driver assistance systems (ADAS) and in-vehicle infotainment systems. These technologies require sophisticated memory chips to store and process the data needed to operate the systems. With the growing focus on vehicle safety and the increasing consumer demand for connectivity and entertainment features, the demand for automotive memory chips is expected to continue to grow in the coming years.
Global Automotive Memory Chips Market Restraints
High cost associated with the development and production
- One significant restraint on the global automotive memory chips market is the high cost associated with the development and production of these chips. Automotive memory chips require specialized designs and engineering to withstand the harsh environments and stringent performance requirements of the automotive industry. As a result, the development and production costs of these chips are higher than those of general-purpose memory chips. This can make them less accessible to smaller automotive manufacturers and can also limit their adoption in lower-end vehicles. The high cost of automotive memory chips could therefore restrain their growth in the market and hinder the adoption of advanced automotive technologies that rely on these chips.
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Automotive Memory Chips Market Competitive Landscape
The global automotive memory chips market is characterized by intense competition, with numerous players vying for market share. These players range from global semiconductor manufacturers to regional players specializing in automotive memory chips. Companies are investing heavily in research and development to develop high-performance, reliable memory chips that meet the stringent requirements of the automotive industry. In addition, companies are also focusing on strategic partnerships and collaborations to expand their market presence and gain a competitive edge.
Top Player’s Company Profiles in Global Automotive Memory Chips Market
- Samsung Electronics (South Korea)
- Micron Technology, Inc. (US)
- SK Hynix Inc. (South Korea)
- NXP Semiconductors N.V. (Netherlands)
- Infineon Technologies AG (Germany)
- Toshiba Corporation (Japan)
- STMicroelectronics N.V. (Switzerland)
- Renesas Electronics Corporation (Japan)
- Western Digital Corporation (US)
- Cypress Semiconductor Corporation (US)
- Macronix International Co. Ltd. (Taiwan)
- Integrated Silicon Solution Inc. (US)
- Adesto Technologies Corporation (US)
- GigaDevice Semiconductor (China)
- Winbond Electronics Corporation (Taiwan)
- Alliance Memory Inc. (US)
- ISSI/Chingis Technology Corporation (Taiwan)
- Fujitsu Ltd. (Japan)
- Everspin Technologies Inc. (US)
- ROHM Semiconductor (Japan)
Global Automotive Memory Chips Market Recent Developments
- In April 2023, Samsung Electronics announced plans to invest $10 billion in a new memory chip manufacturing facility in South Korea, aimed at meeting the growing demand for memory chips in the automotive and other sectors.
- In March 2023, NXP Semiconductors announced the launch of its latest automotive Ethernet solution, aimed at meeting the growing demand for high-speed and reliable connectivity in vehicles.
- In January 2023, Globalfoundries announced plans to invest $2.4 billion in a new chip manufacturing facility in Singapore, aimed at meeting the growing demand for automotive and other semiconductor products.
- In September 2022, Micron Technology announced the launch of its latest LPDDR5 memory solution, designed to meet the growing demand for high-speed memory solutions in the automotive and other sectors.
- In August 2022, Infineon Technologies announced the acquisition of MagnaChip Semiconductor Corporation, a Korean semiconductor manufacturer, for $1.8 billion, to strengthen its position in the automotive and industrial markets.
Automotive Memory Chips Key Market Trends
- The trend in the global automotive memory chips market is the growing adoption of non-volatile memory (NVM) technology. NVM offers several advantages over traditional volatile memory, including faster write times, lower power consumption, and greater durability. These characteristics make NVM ideal for use in automotive applications, particularly for storing critical data such as firmware and calibration data. With the increasing demand for advanced automotive technologies and the growing focus on vehicle safety and reliability, the adoption of NVM in automotive memory chips is expected to increase in the coming years, driving the growth of the market.
Automotive Memory Chips Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global automotive memory chips market analysis, the market is growing rapidly, driven by the increasing demand for advanced automotive technologies and the growing focus on vehicle safety and connectivity. Major players in the market include Samsung Electronics, Micron Technology, SK Hynix, and Infineon Technologies, among others. North America dominated the global market due to the presence of major automotive manufacturers and advanced technology development. However, high development and production costs of automotive memory chips can restrain their growth and limit their adoption in lower-end vehicles. Non-volatile memory technology is emerging as a key trend in the market, with numerous players investing in research and development to develop high-performance, reliable memory chips.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 10.40 billion |
| Market size value in 2031 | USD 37.45 billion |
| Growth Rate | 15.30% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Automotive Memory Chips Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Automotive Memory Chips Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Automotive Memory Chips Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Memory Chips Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Memory Chips Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Memory Chips Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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