Sellbyville, DE -- (SBWIRE) -- 04/02/2019 -- The semiconductor memory market is highly competitive owing to the presence of leading manufacturers including Samsung Electronics, SK Hynix, Micron Technology, Inc., etc. These companies pose a high competition for new entrants and the existing players due to the established identity and market leadership for several years. The players integrate innovations with new memory solutions and technologies to address the semiconductor memory market demand. Some of the companies have the advantage of vertical integration as they manufacture components, memory solutions, semiconductor devices, and electronic products under the same brand.

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The rapid increase in data center establishments across the globe due to high storage requirements in various application industries such as growth of telecom & IT sector is adding up to the consumption of storage devices. The several countries in Europe and North America are experiencing a high adoption of hyperscale data and colocation data centers owing to the increasing demand for mega facilities for storage, access, and management of the massive business data. These establishments have huge amounts of storage requirements, which is resulting in growing semiconductor memory market.

The rapid growth in the automotive manufacturing sector in Europe is playing significant role in the growth of the semiconductor memory market. The automotive electronics manufacturers in Europe are the major customers of the semiconductor memory as they are deployed in the ADAS, lighting, and braking systems. These solutions provide a high efficiency to automobile systems due to the increased memory processing and connectivity features. European automotive industry players are benefited by the application-specific products offered memory manufacturers. For instance, Samsung develops reliable memory solutions for automotive applications, which include DRAM and Flash memory products.

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The U.S. semiconductor memory market is witnessing a high popularity for SSDs due to a gradual increase in the consumption of electronic products in the country. A rise in the consumer disposable income and the utilization of digital technologies across all industry verticals are the major factors responsible for high storage solutions requirements.

Declining chip prices in the Asian market are enforcing customers in North America to import such products from companies based in the Asian countries. Moreover, the growing need for high-capacity storage & memory devices and their deployment in mobile devices and huge data centers is supporting high requirements for NAND Flash memory solutions.

Some of the key players in the semiconductor memory market include Samsung Electronics, Nvidia, On Semiconductor, Micron Technology, Inc., etc. Manufacturers are focused on product development by investing in R&D activities & engineering capabilities to cater to the needs of mobile industry customers. To stabilize the component pricing, companies are reportedly developing strategies to maintain the average prices of ROM and RAM products. Manufacturers in the semiconductor memory market are also likely to face challenges in the future owing to the emergence of replacements such as MRAM, ReRAM and phase change memory.

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