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Storage Chip Global Market Predictions

After the decline in 2019, the global memory chip market has resumed growth in 2020 and will continue to grow for the next three years.

The global memory chip market will reach the scale of $155.2 billion USD this year, an increase of $28.5 billion USD from last year’s $126.7 billion USD, a year-on-year increase of 22.5%.

In 2023, the size of the global memory chip market is expected to reach $180.4 billion USD, an increase of $25.2 USD billion USD from the estimated $155.2 billion USD in 2021, a year-on-year increase of 16%. It is worth noting that if the size of the global memory chip market exceeds $1,800 USD in 2022, it will set a record new high since the US$163.3 billion in 2018.

After three consecutive years of growth from 2020 to 2022, research institutes predict that the global memory chip market will continue to grow in 2023. The scale is expected to reach $219.6 billion USD in 2023, an increase of $39.2 billion USD from 2022, a year-on-year increase of 21.7%.

The research institution stated in the report that the growth of the memory chip market is firstly due to the increase in demand. The demand for memory chips in data centers, servers, notebook computers, and mobile devices will increase the market demand for memory chips; The increase in prices and demand has also introduced the expected price of memory chips. The average selling price of DRAM has increased by 8% in the first quarter alone.

Source: https://www.36kr.com/newsflashes/1238146518290816

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Tech In China

Stories about China’s tech giants, startups, funding, venture capital, trends, and industries of tomorrow.