Memory Integrated Circuits - United States

  • United States
  • Revenue in the Memory Integrated Circuits market is projected to reach US$18.58bn in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2027) of -2.13%, resulting in a market volume of US$17.42bn by 2027.
  • In global comparison, most revenue will be generated in China (US$42.94bn in 2024).
Region comparison

Analyst Opinion

The Memory Integrated Circuits market has been the most cyclical of all the markets and has a significant influence on the total semiconductor market. It is comparatively more affected by the four-year periodic economic swings of the market driven by fluctuations in supply and demand, also known as the silicon cycle.

The market is also more prone to pricing issues and is currently dominated by three major players, Samsung, SK Hynix, and Micron, who together contribute a major revenue share in this market. The market is expected to grow in the coming years, mainly driven by increasing demand for various cloud, consumer electronics, IoT, autonomous vehicles, and data center applications. The market is expected to see a dip in growth by more than 10 % in 2022 compared to the previous year and continue to be cyclical in growth for the following years.


Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the money spent at the manufacturer price level (excluding VAT).

Modeling approach / Market size:

Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market. As a basis for evaluating markets, we use the annual financial reports of the market-leading companies and reports from our primary research. In addition, we use relevant key market indicators and data from country-specific associations. This data helps us estimate the market size for each country individually.


In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.


  • Revenue
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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