IHS: Mobile memory chip market growth to be propelled by smartphones and tablets
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Smartphones and tablets will act as catalysts for continued growth of the mobile memory semiconductor market, according to an IHS iSuppli report.
Revenue for mobile memory is projected to grow 6% this year to reach $14.9billion, up from $14.1bn in 2011. This forecast includes the flash memory segments of NAND and NOR, the NAND subsegment of embedded multimedia card (eMMC), as well as the mobile dynamic random access memory (dram) sector.
The Mobile & Embedded Memory Market Tracker report anticipates an even bigger 9% increase in 2013 for mobile memory as more smartphone and tablet products requiring higher memory densities come into the marketplace, with revenue climbing to $16bn. By 2015, mobile memory revenue is predicted to peak at $17.9bn.
"The mobile space has been the engine for overall memory growth in the last few years and it continues to shape and define the success of suppliers participating in the memory market," said Michael Yang, senior principal analyst for memory and storage at IHS. "Given the ongoing passion of consumers for mobile devices like smartphones and tablets, the outlook for mobile memory remains exceedingly optimistic."
