The future of the global automotive memory market looks promising with opportunities in infotainment system, powertrain, instrument cluster, and ADAS applications. The global automotive memory market is expected to reach an estimated $4.02 billion by 2028 with a CAGR of 18% from 2023 to 2028. The major drivers for this market are growing demand for electric vehicles incorporated with advanced safety features and rising integration of cloud technologies in vehicles.
ADAS is expected to remain the largest application segment due to increasing penetration of blind spot detection, adaptive cruise control, cross traffic alert, and automatic emergency braking functions in vehicles so as to reduce the number of accident cases and increasing adherence to stringent safety regulations.
North America will remain the largest region due to rising preference for electric and connected vehicles, growing trend of autonomous vehicles, and the presence of key players in the region.
Answer: The global automotive memory market is expected to reach an estimated $4.02 billion by 2028.
Q2. What is the growth forecast for automotive memory market?
Answer: The global automotive memory market is expected to grow with a CAGR of 18% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the automotive memory market?
Answer: The major drivers for this market are growing demand for electric vehicles incorporated with advanced safety features, and rising integration of cloud technologies in vehicles.
Q4. What are the major segments for automotive memory market?
Answer: The future of the automotive memory market looks promising with opportunities in the infotainment system, powertrain, instrument cluster, and ADAS product segments.
Q6. Who are the key automotive memory companies?
Answer: Some of the key automotive memory companies are as follows:
Q7. Which automotive memory segment will be the largest in future?
Answer: The analyst forecasts that NOR will remain the largest product segment over the forecast period because the increasing usage of infotainment systems and engine control has created the demand for fast booting in modern vehicles.
Q8. In automotive memory market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region due to rising preference for electric and connected vehicles, growing trend of autonomous vehicles, and the presence of key players in the region.
Q9. Do we receive customization in this report?
Answer: Yes, the analyst provides 10% Customization Without any Additional Cost.
Q2. Which segments will grow at a faster pace and why?
Q3. Which region will grow at a faster pace and why?
Q4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q5. What are the business risks and competitive threats in this market?
Q6. What are the emerging trends in this market and the reasons behind them?
Q7. What are some of the changing demands of customers in the market?
Q8. What are the new developments in the market? Which companies are leading these developments?
Q9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q11. What M&A activity has occurred in the last five years and what has its impact been on the industry?
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Automotive Memory Market by Segment
The study includes trends and forecast for the global automotive memory market by product, vehicle type, application, and region, as follows:Automotive Memory Market by Product [Value ($B) Shipment Analysis from 2017 to 2028]:
- NOR
- NAND
- Flash
- DRAM
- Others
Automotive Memory Market by Vehicle Type [Value ($B) Shipment Analysis from 2017 to 2028]:
- Commercial Vehicles
- Passenger Cars
Automotive Memory Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
- Infotainment Systems
- Powertrain
- Instrument Cluster
- ADAS
- Others
Automotive Memory Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Automotive Memory Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, automotive memory companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive memory companies profiled in this report include-- Toshiba
- Samsung
- Integrated Silicon
- Micron Technology
Automotive Memory Market Insights
The analyst forecasts that NOR will remain the largest product segment over the forecast period because the increasing usage of infotainment systems and engine control has created the demand for fast booting in modern vehicles.ADAS is expected to remain the largest application segment due to increasing penetration of blind spot detection, adaptive cruise control, cross traffic alert, and automatic emergency braking functions in vehicles so as to reduce the number of accident cases and increasing adherence to stringent safety regulations.
North America will remain the largest region due to rising preference for electric and connected vehicles, growing trend of autonomous vehicles, and the presence of key players in the region.
Features of the Automotive Memory Market
- Market Size Estimates: Automotive memory market size estimation in terms of value ($B)
- Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
- Segmentation Analysis: Automotive memory market size by various segments, such as by product, vehicle type, application, and region
- Regional Analysis: Automotive memory market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis on growth opportunities in different products, vehicle types, applications, and regions for the automotive memory market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the automotive memory market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQS
Q1. What is the automotive memory market size?Answer: The global automotive memory market is expected to reach an estimated $4.02 billion by 2028.
Q2. What is the growth forecast for automotive memory market?
Answer: The global automotive memory market is expected to grow with a CAGR of 18% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the automotive memory market?
Answer: The major drivers for this market are growing demand for electric vehicles incorporated with advanced safety features, and rising integration of cloud technologies in vehicles.
Q4. What are the major segments for automotive memory market?
Answer: The future of the automotive memory market looks promising with opportunities in the infotainment system, powertrain, instrument cluster, and ADAS product segments.
Q6. Who are the key automotive memory companies?
Answer: Some of the key automotive memory companies are as follows:
- Toshiba
- Samsung
- Integrated Silicon
- Micron Technology
Q7. Which automotive memory segment will be the largest in future?
Answer: The analyst forecasts that NOR will remain the largest product segment over the forecast period because the increasing usage of infotainment systems and engine control has created the demand for fast booting in modern vehicles.
Q8. In automotive memory market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region due to rising preference for electric and connected vehicles, growing trend of autonomous vehicles, and the presence of key players in the region.
Q9. Do we receive customization in this report?
Answer: Yes, the analyst provides 10% Customization Without any Additional Cost.
This report answers following 11 key questions
Q1.What are some of the most promising, high-growth opportunities for the global automotive memory market by product (NOR, NAND, Flash, DRAM, and others), vehicle type (commercial vehicles and passenger cars), application (infotainment systems, powertrain, instrument cluster, ADAS, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q2. Which segments will grow at a faster pace and why?
Q3. Which region will grow at a faster pace and why?
Q4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q5. What are the business risks and competitive threats in this market?
Q6. What are the emerging trends in this market and the reasons behind them?
Q7. What are some of the changing demands of customers in the market?
Q8. What are the new developments in the market? Which companies are leading these developments?
Q9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q11. What M&A activity has occurred in the last five years and what has its impact been on the industry?
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary2. Global Automotive Memory Market: Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2017 to 2028
3.1: Macroeconomic Trends (2017-2022) and Forecast (2023-2028)
3.2: Global Automotive Memory Market Trends (2017-2022) and Forecast (2023-2028)
3.3: Global Automotive Memory Market by Product
3.3.1: NOR
3.3.2: NAND
3.3.3: Flash
3.3.4: DRAM
3.3.5: Others
3.4: Global Automotive Memory Market by Vehicle Type
3.4.1: Commercial Vehicles
3.4.2: Passenger Cars
3.5: Global Automotive Memory Market by Application
3.5.1: Infotainment Systems
3.5.2: Powertrain
3.5.3: Instrument Cluster
3.5.4: ADAS
3.5.5: Others
4. Market Trends and Forecast Analysis by Region from 2017 to 2028
4.1: Global Automotive Memory Market by Region
4.2: North American Automotive Memory Market
4.2.1: North American Automotive Memory Market by Product: NOR, NAND, Flash, DRAM, and Others
4.2.2: North American Automotive Memory Market by Application: Infotainment Systems, Powertrain, Instrument Cluster, ADAS, and Others
4.3: European Automotive Memory Market
4.3.1: European Automotive Memory Market by Product: NOR, NAND, Flash, DRAM, and Others
4.3.2: European Automotive Memory Market by Application: Infotainment Systems, Powertrain, Instrument Cluster, ADAS, and Others
4.4: APAC Automotive Memory Market
4.4.1: APAC Automotive Memory Market by Product: NOR, NAND, Flash, DRAM, and Others
4.4.2: APAC Automotive Memory Market by Application: Infotainment Systems, Powertrain, Instrument Cluster, ADAS, and Others
4.5: ROW Automotive Memory Market
4.5.1: ROW Automotive Memory Market by Product: NOR, NAND, Flash, DRAM, and Others
4.5.2: ROW Automotive Memory Market by Application: Infotainment Systems, Powertrain, Instrument Cluster, ADAS, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Automotive Memory Market by Product
6.1.2: Growth Opportunities for the Global Automotive Memory Market by Vehicle Type
6.1.3: Growth Opportunities for the Global Automotive Memory Market by Application
6.1.4: Growth Opportunities for the Global Automotive Memory Market by Region
6.2: Emerging Trends in the Global Automotive Memory Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Automotive Memory Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Automotive Memory Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Toshiba
7.2: Samsung
7.3: Integrated Silicon
7.4: Micron Technology
7.5: Cypress Semiconductor (Infineon)
Companies Mentioned
- Toshiba
- Samsung
- Integrated Silicon
- Micron Technology
- Cypress Semiconductor (Infineon)
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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