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London, United Kingdom, 2012/08/30 - Even though the global IC market is experiencing a number of challenges, the industry looks set to expand over the next four years - CompaniesAndMarkets.com.
Despite suffering from significant oversupply problems, the global memory integrated circuit (IC) market will be driven on by data centers and the advent of cloud computing.
In 2011, the global sales revenue of memory ICs was just over US$62 billion and research forecasts this to grow at a CAGR of 6.3% during 2012-2016 to reach US$85 billion.
The memory IC market was damaged by the global economic crisis, but the growing demand for memory dependent devices will drive the industry in the foreseeable future.
Dynamic random-access memory (DRAM) is vital to portable gadgets such as smartphones and tablet PCs, but the memory integrated circuit (IC) industry is currently caught in a vicious circle of oversupply.
The global economic uncertainty of the last few years, combined with the development of new applications that require less memory, has led to an overabundance of DRAM and a corresponding drop in price.
In 2011, DRAM accounted for the largest portion of the global memory IC market at 47.3%, followed fractionally behind by flash memory, with a claim of 47%.
Sales revenues for the DRAM market spiked in 2010 at $37.31 billion, but fell somewhat drastically the following year to $29.47 billion, and are only expected to reach $29 billion for 2012.
Key players within the global memory IC market include key companies such as Samsung Electronics, Hynix, Micron Technology, Nanya Technology, Toshiba and Cypress.
For more information on the global memory integrated circuit market, take a look through out reports.