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Smartphone Memory Market Returns to Growth in 2020

by Jeffrey Mathews | Apr 12, 2021

The global smartphone memory market has historically been impacted by the oversupply of memory chips that led to a decline in revenue in 2019. However, the market has finally turned the corner by registering a revenue growth of 4 percent YoY and clocked a total smartphone memory revenue of $41 billion in 2020.

Samsung Memory captured 49 percent revenue share followed by SK Hynix and Micron in 2020. The top 3 vendors captured almost 84 percent revenue share in the global smartphone memory market in 2020.

NAND Market

  • The overall NAND flash market revenue for smartphones witnessed a growth of 8 percent year-over-year due to the shipment of high-capacity UFS NAND flash chips.
  • Samsung Memory managed a revenue share of 42 percent followed by Kioxia and SK Hynix each having 22 percent and 17 percent respectively in the smartphone NAND market in 2020.
  • UFS based NAND Flash chip shipment reached above 40% share driven by the steady uptake of UFS 2.1 as well as the growing adoption of UFS 3.1 and UFS 2.2 NAND Flash chips.

DRAM Market

  • The smartphone DRAM chip revenue witnessed a marginal growth of 1 percent year-over-year as demand for MCP based DRAM chips saw a late demand surge.
  • In terms of market share, Samsung took a revenue share of 55 percent followed by SK Hynix with 24 percent and Micron with 20 percent in the smartphone DRAM market in 2020.
  • LP4X and LP5 DRAM drove revenue for this segment on the back of 5G uptake.


  • Despite the recovery in the smartphone memory market, we note that the ongoing semiconductor shortages are a key deterrent to market growth, especially creating challenges in meeting the increasing mobile memory demand. How will this impact memory chip pricing? Which tier of memory chips will be impacted? Will it lead to more consolidation?
  • High memory and storage content is growing driven by 5G traction in end markets, Which capacities are contributing to the growth?

Strategy Analytics’ Handset Component Technology service covers the smartphone memory market. Clients can discover research covering the memory market and more here

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