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Automotive memory market growing at 20% CAGR

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

In 2021, at $167 billion, stand-alone memory represented 28% of the total semiconductor market, whereas the automotive memory market, worth $4.3 billion in 2021, represented 2.6% of the global semiconductor market and 10% of the automotive semiconductor market.

“We forecast automotive memory revenues will reach 17% of the automotive semiconductor market by 2027 – a 20% CAGR21-27 -+ outperforming the global memory market with 8% CAGR 21-27 and the automotive semiconductor market with 10% CAGR 21-27,” says Yole’s Thibault Grossi.,

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