Investment Rating - The report does not provide a specific investment rating for the semiconductor storage module industry Core Insights - The semiconductor storage module industry is characterized by a significant market share held by NAND Flash and DRAM, which together account for 99% of the market. China is the largest end-user market for storage chips, but the domestic production rate is low. The industry began to recover in Q4 2023 and is currently stable [9][11][12] Summary by Sections Industry Definition - The semiconductor industry is divided into several sub-industries, including integrated circuits and optoelectronic devices. The global semiconductor market reached $520.1 billion in 2023, with storage chips accounting for 21% of the integrated circuit market [5] Industry Characteristics - The semiconductor storage module industry features include: 1. NAND Flash and DRAM dominate the market, with DRAM accounting for 57% and Flash for 42% in 2022 [10] 2. China is the largest end-user market for storage chips, but domestic production is less than 5% [11] 3. The industry began to recover in Q4 2023 after experiencing significant fluctuations [12] Industry Development History - The development of the storage industry dates back to the 1960s, with significant milestones including the first DRAM developed by IBM and the introduction of NAND Flash by Toshiba in 1984. The industry has evolved from DRAM to 3D NAND technology, with Chinese companies playing an increasingly important role [14][15][16] Industry Scale - From 2019 to 2023, the market size of the semiconductor storage module industry decreased from $50.7 billion to $26.88 billion, with a compound annual growth rate (CAGR) of -14.69%. It is projected to grow from $38.93 billion in 2024 to $71.87 billion by 2028, with a CAGR of 16.56% [28] Market Demand Drivers - The demand for data centers and servers is expected to surge due to the rapid growth of cloud computing, big data, and artificial intelligence. China's data volume is projected to grow from 18.5 ZB in 2021 to 56.2 ZB by 2026 [29] Policy Analysis - Recent policies aim to promote the development of the semiconductor industry, including tax incentives and support for digital economy initiatives, which will enhance the demand for semiconductor storage modules [32][33] Competitive Landscape - The semiconductor storage module market is highly concentrated, with major players like Samsung, SK Hynix, and Micron dominating the NAND Flash and DRAM markets. The competitive landscape is characterized by significant technological advancements and high entry barriers [36]
企业竞争图谱：2024年半导体存储模组 头豹词条报告系列
Tou Bao Yan Jiu Yuan·2024-04-25 12:00