McClean Report March 2025: Memory (DRAM, NAND, NOR) Market Update
Memory IC market to grow 20% in 2025, reaching $203.1B. Forecast sees $300B+ sales by 2029 with 12.3% CAGR across DRAM, NAND, NOR, and more.
The memory IC market includes DRAM, NAND and NOR flash memory, EEPROM, EPROM, ROM, and several emerging specialty memory devices. Memory IC sales are expected to enjoy another year of significant revenue growth in 2025, with total sales climbing 20% to $203.1 billion after increasing 76% to $169.1 billion in 2024. The memory IC market is expected to rise by a compound annual growth rate (CAGR) of 12.3% through 2029, with sales growing to more than $300.0 billion in the final year of forecast.
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