Memory IC sales to show strong growth through 2021
IC Insight’s 2017 McClean Report forecasts that revenues for memory products will increase by a 7.3% CAGR to $109.9 billion in 2021.
Memory IC sales are expected to show the strongest growth rate across major IC market categories in the next five years, according to the upcoming IC Insights’ 2017 McClean Report. This 20th anniversary edition of The McClean Report forecasts that revenues for memory products—including DRAMs and NAND flash ICs—will increase by a compound annual growth rate (CAGR) of 7.3% to $109.9 billion in 2021 from $77.3 billion in 2016.
The 2017 McClean Report separates the total IC market into four major product categories: analog, logic, memory and microcomponents.
cagr graph(cr)Figure 1: Forecasted 2016-2021 CAGRs of the four major IC product categories compared to the projected total IC market annual growth rate of 4.9% during the five-year period.
The strong memory CAGR is driven by surging low-power memory requirements for DRAM and NAND flash in portable wireless devices like smartphones and by growing demand for SSDs used in big-data storage applications and increasingly in notebook computers. Moreover, year-over-year DRAM bit volume growth is expected to increase throughout the forecast to support virtualisation, graphics and other complex, real-time workload applications.
Analog ICs, the second-fastest growing segment, are a necessity within both very advanced and low-budget systems. Power management analog devices are critical for helping extend battery life in portable and wireless systems, and have demonstrated strong market growth in recent years. In 2017, the signal conversion market is forecast to be the fastest growing analog IC category and the second-fastest growing IC product category overall, trailing only the market growth of 32bit MCUs.
Total microcomponent sales have cooled significantly. Fortunately, marginal gains in the cellphone MPU market and strong gains in the 32bit MCU market have helped offset weakness of standard PC and tablet microprocessor sales, according to IC Insights.
Keywords:Memory IC
Keywords:Memory IC
CONTACT US
USA
Vilsion Technology Inc.
36S 18th AVE Suite A,Brington,Colorado 80601,
United States
E-mail:sales@vilsion.com
Europe
Memeler Strasse 30 Haan,D 42781Germany
E-mail:sales@vilsion.com
Middle Eastern
Zarchin 10St.Raanana,43662 Israel
Zarchin 10St.Raanana,43662 Israel
E-mail:peter@vilsion.com
African
65 Oude Kaap, Estates Cnr, Elm & Poplar Streets
Dowerglen,1609 South Africa
E-mail:amy@vilsion.com
Asian
583 Orchard Road, #19-01 Forum,Singapore,
238884 Singapore
238884 Singapore
E-mail:steven@vilsion.com