Sales of new smartphones and tablets will act as catalysts for the continued healthy growth of the mobile memory semiconductor space.
According to an IHS iSuppli Mobile & Embedded Memory Market Tracker report, revenue of memory chips has grown by six per cent so far this year.
Revenue for mobile memory is projected to reach $14.9 billion (£9.2 billion) this year, which is a rise from $14.1 billion in 2011.
By 2015, mobile memory revenue will peak at $17.9 billion before beginning to trough in 2016.
ABI Research's latest study entitled Mobile Device Semiconductor Markets found that shipments of mobile phones and media tablets helped keep the semiconductor market afloat last year.
"The mobile space has been the engine for overall memory growth in the last few years, and it continues to shape and define the success of suppliers participating in the memory market," senior principal analyst for memory and storage at IHS Michael Yang commented.
Posted by Simon Thomas