The global automotive memory market is expected to grow at a remarkable rate during the forecast period, owing to increasing implementation of automotive microcontrollers in vehicles and other technological advancements in the automotive electronics field. The growing demand for long-distance connectivity has contributed to the development of automotive telematics such as vehicle-to-vehicle and vehicle-to-vehicle communications that require microcontrollers and sensors to transmit information to other vehicles and nodes.
The global automotive memory market can be segmented on the basis of product, vehicle type, application, company and region. Passenger cars dominate the automotive market by vehicle type, and this trend is expected to continue over the next five years. This is because rising disposable incomes and a growing middle class are driving demand for passenger cars. In addition, the prevalence of software-driven features in modern vehicles is expected to boost demand for automotive memory through 2028.
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Micron Technology Inc., Samsung Electronics Co., Ltd., Toshiba Corporation, Cypress Semiconductor Corporation, NXP Semiconductors N.V., Integrated Silicon Solution, Inc., STMicroelectronics, Texas Instruments Incorporated, Qualcomm Incorporated, and MediaTek Inc. is. in the global automotive memory market. Companies operating in the market are using organic strategies such as product launches, mergers and cooperations to increase their market share. For example, in early 2019, Micron Technologies Inc. announced a partnership with Qualcomm to enable his 5G automotive platform for next-generation vehicles.
Karan Chechi, Research Director at TechSci Research, a global research-based management consulting firm said “By 2028, automotive storage is expected to become widespread due to the high production and sales of automobiles in the Asia-Pacific region. Countries such as India, China, and Japan have strict safety standards, increasing demand for additional safety, driver assistance features, and vehicle-to-vehicle communication, which will increase the average storage capacity per vehicle, increasing the share of automotive storage. “We are contributing to the growth of the market,”.
“Global Automotive Memory Market By Product, By Vehicle Type, By Application, By Region, Competition, Forecast & Opportunities, 2028” has evaluated the future growth potential of global automotive memory market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global automotive memory market.
Report Scope:
In this report, global automotive memory market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Global Automotive Memory Market, By Product:
- DRAM
- NAND
- NOR
- Flash
- Others
- Global Automotive Memory Market, By Vehicle Type:
- Passenger Car
- Commercial Vehicle
- Global Automotive Memory Market, By Application:
- Infotainment & Connectivity
- ADAS
- Others
- Global Automotive Memory Market, By Region:
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Europe
- France
- Germany
- United Kingdom
- Spain
- Italy
- North America
- United States
- Mexico
- Canada
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- UAE
- South Africa
- Saudi Arabia
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