Semiconductor Memory Market is set to surge with a projected CAGR of 7.23 % from 2024 to 2030
Another key driver is the growing adoption of advanced consumer electronics and automotive technologies. The shift toward electric and autonomous vehicles has led to a surge in demand for semiconductor memory, which supports critical functions like real-time data processing, navigation, and infotainment systems. Additionally, the increasing preference for 5G-enabled devices and AI-based applications is further propelling the need for high-performance memory technologies, boosting market growth.
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