The market for car memory is expected to triple from $4.3 billion in 2021 to $12.5 billion in 2027, according to market research firm Yole Intelligence, average annual growth of 20 per cent over the next six years. The rapid growth of the vehicle memory market is mainly due to the active electric vehicle market and the introduction of in-vehicle information entertainment and self-driving systems. With more and more data being processed by function, the demand for large capacity and high performance memory is increasing. The renewal cycle of automobile semiconductor is shortened from 7-8 years to 3-4 years because of the development of automobile industry. The adoption of memory is expected to play a role in autopilot systems, including advanced driver assistance systems (Adas).
