Global Memory Semiconductor Market to Reach $52.057 Billion by 2024September 27, 2019 | PRNewswire
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The Global Memory Semiconductor Market for Consumer Electronics Industry is projected to grow at a CAGR of 0.63% to reach $52.057 billion by 2024, from $49.999 billion in 2019.
Semiconductors are used for the fabrication of chips used in electronic devices. The temperature sensors in air conditioners are made of semiconductors the CPUs of PCs are also made with semiconductors. There is significant increase in the demand of consumer electronics resulting from an in increase in the disposable income. Apart from this the manufacturing of consumer electronics is being done on a large scale which as a result be pushing the demand for semiconductors in this industry.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations being implemented by the relevant agencies. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence.
Major industry players profiled as part of the report are Samsung, Corporation, Intel Corporation, Micron Technology, SK Hynix Inc., Western Digital Corporation, Toshiba Corporation and ATP Electronics INC.
The Cicor Group has signed an agreement to acquire TT Electronics IoT Solutions Ltd, with three production sites in the UK and China.
I just finished counting the percentage of times in which artificial intelligence/machine learning/data analytics topics appeared in the I-Connect007 news this week. What do you think the percentage is? AI has moved well beyond a technical term; heck, it has clearly also eclipsed catch-phrase status. It seems a foregone conclusion that AI applications will be inserting themselves into manufacturing just as they are appearing in our handheld devices. Speaking of handhelds, that market seems to be growing as well. This week’s five must-reads include smartphone market data, telecom infrastructure development, a new white paper on the influence of data analytics, a report on the European market, and the launch of a new podcast series on PCB 3.0, a new design methodology.
DuPont today announced that Jon Kemp, President, DuPont Electronics & Industrial, has been named Chair of the Board of Industry Leaders of SEMI, a global industry association serving the electronics design and manufacturing supply chain.
With the seemingly endless ways that electronic products are worming their way into our lives, what was once “nice to own” is increasingly considered indispensable. The capabilities of these products have been driven by relentless improvements at every level of the manufacturing chain, from individual transistors (which are approaching Angstrom levels) to systems the size of buildings supporting Bitcoin mining and increasingly distributed AI products.
HARMAN, an automotive electronics technology company and subsidiary of Samsung Electronics Co., Ltd. focused on delivering consumer experiences at automotive grade, confirms it will continue as an Official partner of Scuderia Ferrari for a second Formula One season. The on-track marketing partnership extends to technology on the road, with Ferrari becoming the first automotive OEM to adopt a number of solutions from HARMAN’s in-cabin monitoring system, HARMAN Ready Care, for its next-generation road cars.