Semiconductor Memory Market to Reach USD 171.70 Billion by 2030, Growing at a CAGR of 7.23%
A) Market Size The semiconductor memory market was valued at USD 105.33 billion in 2023 and is anticipated to grow steadily at a compound annual growth rate (CAGR) of 7.23% from 2024 to 2030, with projections indicating a market size of USD 171.70 billion by 2030. The surge in demand for advanced semiconductor memory in sectors like consumer electronics, automotive, and healthcare is fueling this growth.
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