According to the Astute Analytica study on the global High Bandwidth Memory market, the size of the market will increase from US$ 233.4 Million in 2021 to US$ 1,197.0 Million by the year 2027, registering a remarkable compound annual growth rate (CAGR) of 31.3% from 2022 to 2027.
The segmentation section of the report focuses on every segment, along with highlighting the ones having a strong impact on the global High Bandwidth Memory Market. The segmentation served as the foundation for finding businesses and examining their financial standings, product portfolios, and future growth potential. The second step entailed evaluating the core competencies and market shares of top firms in order to predict the degree of competition. A bottom-up method was used to assess the market’s overall size.
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Despite the driving factors, complications associated with error solving process are expected to hinder the market growth during the forecast period. Furthermore, thermal issues arising due to high levels of integration and design complexities associated with HBM & HMC are also likely to negatively impact the market growth.
Rising need for better speed and greater bandwidth among industries
Increasing demand for better memories that also offer high bandwidth, high scalability, and low consumption is leasing to the development of a range of 3D-stacked memories. Emergence of internet of things, big data, and other such data-intensive applications is also boosting the demand for technologies which can efficiently process and store information. These technologies find applications in many industries, which are anticipated to boost the market growth.
The global High Bandwidth Memory market is segmented the product and application.
- Central Processing Unit
- Field Programmable Gate Array
- Graphics Processing Unit
- Application Specific Integrated Circuit
The central processing unit segment is anticipated to hold the largest market share of around 35% owing to its high usage conventionally. The application specific integrated circuit segment is expected to grow at the fastest rate of around 33.6% owing to recent innovations in the segment by various market players.
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- High Performance Computing (HPC)
- Networking and Client Space
- Data Centers
The data centers segment is estimated to account for the largest market share owing to high adoption of high bandwidth memory in data centers for storage of information. The networking and client space segment is expected to surpass a market value of USD 150 million by 2025.
Based on region, the global High Bandwidth Memory market is divided into Europe, North America, Asia, Middle East, Africa, and South America.
The North America region is expected to hold the largest market share of around 36% owing to the rapidly growing cloud computing, artificial intelligence, and machine learning market, which is boosting the demand for high-bandwidth memory solutions for quicker data processing.
The market size for Asia Pacific region is anticipated to surpass Europe’s market size during the forecast period owing to the growing information technology sector in the region and growing focus of market players on countries such as India, China, and Japan.
Key players operating in the global High Bandwidth Memory market include Advanced Micro Devices, Inc., Samsung Electronics Co., Ltd., SK Hynix Inc., Micron Technology, Inc., Rambus.com, Intel Corporation, Xilinx Inc., Open Silicon (SiFive), NEC Corporation, and Cadence Design Systems, Inc., among others.
The approximate market share of the top 5 players is near about 60%. These market players are engaged in mergers & acquisitions, collaborations, and new product launches to strengthen their market presence. For instance, in July 2021, NEC Corporation collaborated with SCSK Corporation for a data center business. The companies aim at building a low-latency, secure connection to cloud services. Both the companies expanded its market presence with this development. Furthermore, in April 2021, OpenFive announced the tape out of its high performance system-on-a-chip (SoC) on TSMC’s N5 process, along with integrated IP solutions for targeting advanced high performance computing/artificial intelligence, storage solutions and networking.
The global High Bandwidth Memory market report provides insights on the below pointers:
- Market Penetration: Provides comprehensive information on the market offered by the prominent players
- Market Development: The report offers detailed information about lucrative emerging markets and analyzes penetration across mature segments of the markets
- Market Diversification: Provides in-depth information about untapped geographies, recent developments, and investments
- Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches in the global High Bandwidth Memory market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players.
- Product Development & Innovation: The report provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
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The global High Bandwidth Memory market report answers questions such as:
- What is the market size and forecast of the Global High Bandwidth Memory Market?
- What are the inhibiting factors and impact of COVID-19 on the Global High Bandwidth Memory Market during the assessment period?
- Which are the products/segments/applications/areas to invest in over the assessment period in the Global High Bandwidth Memory Market?
- What is the competitive strategic window for opportunities in the Global High Bandwidth Memory Market?
- What are the technology trends and regulatory frameworks in the Global High Bandwidth Memory Market?
- What is the market share of the leading players in the Global High Bandwidth Memory Market?
- What modes and strategic moves are considered favorable for entering the Global High Bandwidth Memory Market?
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