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India AI Memory Chips Market Size | 2019-2032

India AI Memory Chips Market Size and Forecast by Type, Node Type, End User Application, Distribution Channel, and Region: Statistics | 2019-2032

Report Format:     | Pages: 110+
Type: Niche Industry Monitor | ID: AC45132  | Publication: August 2024  |  US$545  |  

India AI Memory Chips Market Growth and Performance

  • 2023 saw the India AI memory chips market size rose to US$ 456.3 Million, marking a 22.6% YoY growth.
  • DataCube Research foresees, the AI memory chips market in India is set to make significant strides on the global stage, with projected revenue reaching US$ 2.74 Billion by 2032. Moreover, our analysis indicates a promising trajectory, an anticipated CAGR of 21.0% from 2024 to 2032.
  • Within the Indian AI memory chips market, our research highlights the dominance of the AI high-bandwidth memory (HBM) segment, which claimed the largest market share of 32.2% in 2023. This underscores the segment's robust position and potential for continued growth.
  • In our projections, we also pay close attention to end user dynamics. We anticipate the automotive sector to emerge as a key driver of growth, expanding with a fastest CAGR of 24.4% during the forecast period spanning 2024 to 2032.

India AI Memory Chips Market Scope

Analysis Period

2019-2032

Actual Data

2019-2023

Base Year

2023

Estimated Year

2024

CAGR Period

2024-2032
 

Research Scope

Type

AI High-Bandwidth Memory (HBM)

AI DDR Memory (DDR4, DDR5)

AI GDDR Memory (GDDR6)

AI NVMe (Non-Volatile Memory Express)

Node Type

Advanced Node

Mid-range Node

Legacy Node

End User Application

Consumer Electronics

Automotive

Industrial

Telecommunications

Healthcare

Aerospace & Defense

Energy

Data Processing

Distribution Channel

Direct Sales

Distributors and Resellers

Online Marketplaces

 

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