Automotive Memory Market Growing at 20% CAGR

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At $4.3 billion in 2021, automotive memory is a relatively small market dominated by NOR flash, with DRAM and NAND dominating the market.

In 2021, offline memory was estimated to be US$167 billion, accounting for 28% of the total semiconductor market, while the market automotive memory worth 4.3 billion US dollars in 2021 accounted for 2.6% of the global semiconductor market and 10% of the automotive semiconductor market.

"We forecast automotive memory revenue to reach 17% of the automotive semiconductor market by 2027 - 20% CAGR21-27 -+ outperforming the global memory market at 8% CAGR 21-27 and the automotive semiconductor market at 10% CAGR 21-27," - says Thibaut Grossi from Yole.

Source: electronicsweekly.com

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