© 2016 Global Market Insights, Inc. USA. All Rights Reserved Fuel Cell Market size worth $25.5bn by 2024 Semiconductor Memory Market Business Development Analysis and Future Challenges by 2024: Global Market Insights, Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  The U.S. semiconductor memory market is projected to grow significantly owing to the high adoption of these devices in connected devices and smart homes. The country is witnessing a large-scale adoption of technologically-advanced and intelligent devices. These components are widely used by several industry verticals such as retail, travel & tourism, manufacturing, and automobile, owing to large-scale data generation. Furthermore, the presence of large technology corporations in the country is expected to bode well for the industry growth.  The China semiconductor memory market is anticipated to grow over the forecast period due to the increasing usage and adoption of portable electronic devices such as smartphones and tablets. Rising industrial applications, technology adoption for various industrial operations, and economic developments in the country are projected to positively impact the demand for these products.  Regional Analysis of Semiconductor Memory Market :

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Application Analysis of Semiconductor Memory Market:  High manufacturing cost and the rapid technological advances in the electronics field are also considered to be the challenges to the semiconductor memory market. Additionally, increasing costs related to existing fabrication plants and new plant constructions have made high R&D investments amongst market players that might hinder market growth over the forecast period. However, to overcome these challenges, manufacturers are expected to implement operational development programs for product lines that can hit targets for ROI. Additionally, to reduce the overall net expenditure, companies in the semiconductor memory market are stressing on outsourcing a big part of the chip production to dedicated manufacturing firms.  Increasing adoption of wearable devices is increasing the usage of enterprise storage, mass storage, and MCU smart cards, providing viable growth opportunities to the semiconductor memory market. The companies are increasingly investing in developing highly efficient components for wearable devices. For instance, in October 2016, Fujitsu Semiconductor Ltd. announced the launch of 4 Mbit MB85AS4MT, jointly developed by Panasonic Semiconductor Solutions Co., Ltd. The company expects that these components will be used for battery- operated wearable devices such as hearing aids.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  The key players in the semiconductor memory market include Intel, Toshiba, Samsung, SanDisk Corporation, IBM, Atmel Corporation, Crocus Technology, Fujitsu, Micron Technology, Inc., Cypress Semiconductor, SMIC, while other major players are NXP Semiconductors, Infineon, Hynix, Taiwan Semiconductor Manufacturing Company, Texas Instruments, NEC Electronics, Renesas, Global Foundries, Everspin Technology, and Chartered Semiconductor Manufacturing.  Various players in the semiconductor memory market have been trying to increase their customer bases via mergers & acquisitions and strategic expansions. With the help of continuous innovations and R&D efforts, companies have developed the finest quality and high-value products with the best cost for the price-sensitive industry. These efforts by the major companies are expected to have a positive impact on the semiconductor memory market. Competitive Market Share of Semiconductor Memory Market:

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