Semiconductor memory market to reach $133.75 billion by 2030

The global semiconductor memory market is projected to reach $133.75 billion by 2030, driven by rising demand for AI applications, cloud infrastructure, and data center expansion. According to The Business Research Company, the market is expected to grow from $102.99 billion in 2025 to $108.56 billion in 2026, maintaining a compound annual growth rate (CAGR) of 5.4%.

Parallelly, the NAND flash memory market is undergoing a shift from capacity-focused competition to an “AI storage competition.” The market is forecasted to grow from $78.2 billion in 2025 to $119.95 billion by 2035, with a CAGR of 4.37%. This growth is fueled by the need for low-latency, high-speed data transfer, and energy-efficient storage to support AI workloads and massive digital data generation.

Technological advancements such as 3D X-DRAM and high-layer 3D NAND are central to this evolution. Industry leaders are focusing on optimizing cost, power efficiency, and reliability rather than just increasing layer counts. For instance, Kioxia is working on optimizing 332-layer BiCS FLASH, while Samsung Electronics is advancing PCIe 6.0-compatible enterprise SSDs to meet the requirements of high-performance computing and AI servers. The Asia-Pacific region, including China, Japan, South Korea, and India, is expected to lead the market due to significant investments in AI infrastructure and electronics production.