London, 14 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the global capital spending on memory devices market 2015-2019, which is expected to grow at a CAGR of 5.86% during the forecast period of 2014-2019.
Source: Technavio Research
Rising adoption of communication devices worldwide is a factor that promotes growth in this market. The growing demand for smartphones and tablets has resulted in an increasing need for advanced and power-efficient memory devices, which is contributing to the growth of the market. Factors such as recent advances in technology, improved durability, reduced energy consumption, superior performance, enhanced quality, and the efficient features of memory devices contribute towards the growth of this market.
“Portable electronic devices such as smartphones and tablets become obsolete after a short time because of rapid launches of next-version models by vendors. On average, the replacement cycle is 8-12 months. In the past, the replacement period was much longer,” says Faisal Ghaus, Vice President of Technavio.
“Due to the reduction in the product replacement cycle time, the demand for memory devices for newly launched devices is expected to rise drastically, and this will increase the capital spending on memory devices by semiconductor companies.”
Key Market Drivers:
- Rise in Demand for Smartphones and Tablets.
- Steady Growth of Semiconductor Wafer Industry.
- Increase in New Product Development.
- Decline in IC Cost per Function.
Key Market Trends:
- Short Replacement Cycle of Portable Electronic Devices.
- Emergence of Product Miniaturization.
- Increased Number of M&A.
- Increased R&D Spending.
Key Market Vendors:
- Samsung Semiconductor Inc.
- SK Hynix Inc.
- Micron Technology Inc.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
