NAND and DRAM are poised to hit new revenue records

Despite global challenges, the memory market will grow to over $260 billion in 2027.

Lyon, France, May 9th, 2022 – The market research and strategy consulting company Yole Développement (Yole) has developed comprehensive and accurate memory expertise for over ten years. All year long, Yole and its partner System Plus Consulting deliver in-depth analyses, including dedicated technology and market reports, reverse engineering and costing analyses, and market monitors. More information.

Today, Yole releases its annual Status of the Memory Industry report. With this new and significant analysis, the memory team offers in-depth coverage of the rapidly changing memory market dynamics and the leading players’ status and strategies. This technology and market study analyzes the challenges and opportunities of the memory industry in detail.

Simone Bertolazzi, Ph.D., Senior Market & Technology Analyst, Memory at Yole, asserts: “Amid trade-war tensions and the COVID-19 pandemic, the stand-alone memory market has been expanding throughout the last two years. Revenue was up 15% and 32% in 2020 and 2021, respectively. Such remarkable growth was made possible by a combination of constrained production and strong demand growth across most market segments.”

The outlook for the memory business, therefore, appears bright. DRAM is expected to grow to US$118 billion, up 25%. NAND flash memory will reach US$83 billion, up 24%, in 2022. These are historic records. In the long term, the stand-alone memory market will continue expanding, with a CAGR during 2021-2027 of 8% and is poised to grow to over US$260 billion in 2027. However, cyclicality will remain.

Noticeably, the NOR flash market has seen a strong resurgence in 2021. Revenue grew to US$3.5 billion, up 43%. This is due to tight market conditions putting upward pressure on prices. Significant demand growth was driven by multiple applications, including consumer and the IoT, automotive, telecom, and infrastructure.

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