Automotive Memory Market to Grow at a Double-Digit CAGR Through 2025
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pipeline infrastructure to drive Asia Pacific LPG cylinder market through 2025
According
to TechSci Research report, “Global Automotive
Memory Market By Product, By Vehicle Type, By Application, By Region,
Competition, Forecast & Opportunities, 2025”, the global automotive memory market is expected to grow
at impressive rate during the forecast period on account of growing implementation
of automotive microcontrollers in vehicles and other technological advancements
in automotive electronics sector. Increasing demand for remote connectivity is
contributing to the development of automotive telematics for offerings such as
vehicle to vehicle & vehicle to infrastructure communication, which require
microcontrollers and sensors for the transfer of information to other vehicles
or nodes.
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in-depth TOC on " Global Automotive Memory Market "
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Automotive
memory market, globally, can be segmented based on product, vehicle type,
application, company and region. In terms of vehicle type, passenger car
dominated the automotive market and the trend is forecast to continue over the
next five years as well. This is due to high demand for passenger car which can
be attributed to increasing disposable income and growing middle-class
population. Furthermore, growing traction of software driven features in latest
vehicles is expected to boost the demand for automotive memory market through
2025.
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., among others
are the leading players operating in global automotive memory market. The
companies operating in the market are using organic strategies such as product
launches, mergers and collaborations to boost their share. For instance, during
early 2019, Micron Technologies Inc. announced its collaboration with Qualcomm
to enable 5G automotive platform for next generation vehicles.
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“Asia-Pacific is expected to witness extensive adoption of automotive
memory until 2025 due to high production and sales of vehicles in the region.
Strict safety norms in countries such as India, China and Japan are contributing
towards the increasing demand for greater safety, driver auto assist
capabilities and communication between vehicles, which is elevating the average
memory content per vehicles, contributing to the growing market size of
automotive memory.” said Mr. Karan Chechi, Research Director with TechSci Research,
a research based global management consulting firm.
“Global Automotive Memory Market By Product, By
Vehicle Type, By Application, By Region, Competition, Forecast &
Opportunities, 2025” 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.
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