DRAM and NAND Flash Sales Dragged Overall Memory Market 32% Lower to $110.4 Billion in 2020

Memory Market Not Forecast to Exceed 2018 High of $163.3 Billion Until 2022
Strong growth forecast to return to the memory IC market in 2021 (21%) and 2022 (29%)

According to IC Insights, Inc.‘s report ($4,990), the most current 2017-2024 forecast for 35 major IC product segments (e.g., DRAM, 16-bit MCUs, power management analog devices, etc.) by market, unit shipments, and ASP was presented in the April Update to the 2020 edition of The McClean Report – A Complete Analysis and Forecast of the Integrated Circuit Industry (MR20).

A weak DRAM market put a lid on growth in the total memory market in 2015 and 2016. But robust DRAM and NAND flash market growth in 2017 and 2018 lifted the total memory market 64% and 26%, respectively (figure below).

After those two outstanding growth years, the memory market reversed course in 2019 as DRAM and NAND flash sales dragged the overall memory market 32% lower to $110.4 billion.

Total memory IC market
(in $ billion)

2020F memory market ($110.4 billion)