Memory IC market seen reaching $107.3 billion by 2030

The memory integrated circuit market is projected to rise from $73.51 billion in 2026 to $107.3 billion by 2030, driven by smartphone adoption, AI workloads and data-center demand. Asia-Pacific leads the market now, while North America is expected to grow fastest over the forecast period.

Why it matters: - Memory ICs sit inside the devices and systems that power smartphones, computers, data centers and AI applications. - Faster growth in memory demand points to more semiconductor spending tied to data-heavy consumer and enterprise devices. - The market’s forecast CAGR of 9.9% through 2030 signals sustained demand, not a short-term spike.

What happened: - The memory integrated circuit market was valued at $66.62 billion in 2025. - The market is expected to reach $73.51 billion in 2026. - The market is projected to grow to $107.3 billion by 2030. - The forecast implies a 10.3% CAGR from 2025 to 2026 and a 9.9% CAGR from 2026 to 2030. - The Business Research Company released the market outlook on Oct. 2, 2026.

The details: - Memory integrated circuits are semiconductor devices that store, retain and retrieve digital data. - The chips support temporary or permanent storage for computing and electronic systems. - The report points to consumer electronics demand, smartphone adoption, connected devices, data storage needs and semiconductor manufacturing gains as recent growth drivers. - The forecast is also tied to AI and machine learning workloads, advanced memory architectures, edge computing devices, large data centers and semiconductor technology investment. - Emerging trends include high-density memory, advanced non-volatile memory, embedded memory integration, high-performance computing memory and energy-efficient designs. - Asia-Pacific held the largest market share in 2025. - North America is expected to be the fastest-growing region during the forecast period. - The geographic analysis also covers South East Asia, Western Europe, Eastern Europe, South America, the Middle East and Africa. - The company made a free sample report available here. - The full report is available here.

Between the lines: - Smartphone growth remains one of the clearest demand signals for memory ICs because modern phones need more memory for apps, multitasking, AI features and data storage. - Ericsson said in June 2024 that mobile subscriptions in the region are expected to rise from 1.2 billion in 2023 to 1.3 billion by 2029. - That projected subscription growth suggests continued pressure for higher-capacity, higher-speed memory chips. - The regional split also reflects where manufacturing and consumer demand are most concentrated today.

What’s next: - Memory IC demand is likely to track the rollout of AI-enabled devices, cloud infrastructure and edge computing hardware. - Continued investment in semiconductor technology should support higher-density and more energy-efficient memory products. - North America’s growth outlook suggests more competition for market share outside Asia-Pacific over the next several years.

The bottom line: - The memory IC market is on track for steady expansion through 2030, with smartphones, AI and data infrastructure doing most of the work.