According to a market report by Lucintel, the future of the 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 $4.02 billion by 2028 with a CAGR of 18% from 2023 to 2028. The major drivers for this market are growing demand for electric vehicles incorporated with advanced safety features and rising integration of cloud technologies in vehicles.
In this market, NOR, NAND, Flash, and DRAM are the major segments by product. Lucintel forecasts that NOR will remain the largest product segment over the forecast period because the increasing usage of infotainment systems and engine control has created the demand for fast booting in modern vehicles.
Within this market, ADAS is expected to remain the largest application segment due to increasing penetration of blind spot detection, adaptive cruise control, cross traffic alert, and automatic emergency braking functions in vehicles so as to reduce the number of accident cases and increasing adherence to stringent safety regulations.
North America will remain the largest region due to rising preference for electric and connected vehicles, growing trend of autonomous vehicles, and the presence of key players in the region.
Toshiba, Samsung, Integrated Silicon, Micron Technology, and Cypress Semiconductor are the major suppliers in the global automotive memory market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global automotive memory market by product, vehicle type, application, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Automotive Memory Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global automotive memory market by product, vehicle type, application, and region, as follows:
Automotive Memory Market by Product [Value ($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
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at
helpdesk@lucintel.com.
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This report answers the following 11 key questions:
Q.1. 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)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. 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?
Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?