Memory Integrated Circuits (Ic) Market Value Share, Analysis and Segments 2014 – 2020

An integrated circuit (IC), also known as chip or a microchip is a layout of electronic circuits built over a small plate made of semiconductor material. ICs are very compact and can have up to several hundreds of transistors and other components embedded on a semiconductor plate of very small size. ICs were made possible by various experiments showing that semiconductor devices can perform the functions of vacuum tubes. The mass production and reliability of ICs ensured the rapid adoption of standard integrated circuits in place of circuits using discrete transistors. ICs can store data of over 64 GB on a single chip of size comparable to a fingernail. There are primarily two types of ICs for memory storage viz. volatile and non-volatile memory. Volatile memories are memories such as random access memories (RAM) which can retain data stored on them as long as power supply is provided. Non-volatile memories are read-only memories (ROM) which have data stored on them irrespective of power supply.

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The memory ICs find applications in memory based electronic devices such as mobile phones, computers, tablets, medical devices, smart cards, digital cameras, communication equipments and other digital electronic devices. Memory ICs are predominantly used in smart-phones, media players, and USB drives. With growing adoption and enhancements in smart-phones, there is a rising demand for sophisticated memory ICs in recent years. This demand is expected to grow at a high rate owing to the ongoing development in the smartphone devices. Another application contributing to the demand of memory ICs is tablet computers. The demand for memory ICs is expected to rise with growing adoption of tablet PCs. In addition, increasing use of digital cameras and camcorders worldwide too contributes to the demand for memory ICs. Memory ICs are also used in smart cards such as driving license,...