Dynamic Random Access Memory (DRAM) Market Size, Share, Price, Trends, Growth, Analysis, Report, Forecast 2023-2028
The ‘Global Dynamic Random Access Memory Market Share, Size, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global dynamic random access memory (DRAM) market, assessing the market on the basis of its segments like architectures, applications, end uses, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
Dynamic Random Access Memory Market Price, Trends, Growth, Analysis, Industry Report, Key Player, Major Segments and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2022): Around USD 107.7 Billion
• Forecast CAGR (2023-2028): 10%
• Forecast Market Size (2028): Nearly USD 188.93 Billion
Dynamic random-access memory (DRAM) is cost-effective and consumes a low amount of power. It is also compatible with various electronic devices, offers high speed, and boasts improved efficiency. Moreover, the growing demand for electronics with high-tech features and properties among tech-savvy customers supports the dynamic random access memory (DRAM) market growth.
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The rapid adoption of electronic devices is another important factor that drives the market growth. These devices are rigorously used in several end-use sectors such as IT and telecom, healthcare, media, and entertainment, among others, which surges the deployment of DRAM.
Furthermore, the growing usage of consumer electronics such as smart devices, gaming consoles, and virtual reality equipment among individuals is also augmenting the demand for DRAM. Its utilisation in data centres due to high data transfer and immediate reading and writing response also boosts the market demand.
The increased popularity of smartphones and tablets is a key driver in the global dynamic random access memory (DRAM) market owing to the implementation of DRAM in smartphone memory. Furthermore, rising investments to develop smartphones with advanced features is also expected to boost the usage of DRAM in the coming years.
Dynamic Random Access Memory Industry Definition and Major Segments
Dynamic random-access memory is a type of RAM that stores every single bit of data on a different capacitor and is mainly used in digital electronics, computers, servers, and workstations. It is an efficient storage method and utilises less physical space to store the data.
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On the basis of architecture, the market is classified into:
• DDR3
• DDR4
• DDR5
• DDR2
• Others
Based on application, the market is segmented into:
• Smartphones/Tablets
• PC/Laptop
• Gaming Console
• Networking Device
• Others
On the basis of end use, the dynamic random access memory (DRAM) market is categorised into:
• Automotive
• IT and Telecom
• Media and Entertainment
• Medical
• Consumer Electronics
• Others
On the basis of region, the market is divided into:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Dynamic Random Access Memory Market Trends
A key trend propelling the growth of the global dynamic random access memory (DRAM) market is the increased penetration of advanced technologies such as AI (artificial intelligence), machine learning, big data, and Internet of things (IoT) in the electronics sector. Advanced electronic systems such as driver assistance in modern vehicles require DRAM as a processing memory, fuelling the market demand.
Moreover, the robust growth of the gaming sector and the growing desire for immersive gaming experiences are expected to spur the production of high-performance gaming systems that require DRAM.
Manufacturers are focused on enhancing the architecture and efficiency of DRAM. For instance, in July 2023, Samsung announced the GDDR7 DRAM memory for use in the next generation of GPUs. The new memory provides a 40% increase in performance and a 20% rise in power efficiency.
North America accounts for a sizeable share of the global dynamic random access memory (DRAM) market due to the expansion of 5G network technology. 5G in the region is expected to ease the transfer of large volumes of data in a short span, which favours the demand for DRAM. Moreover, increased investment in semiconductors and electronics and the increasing adoption of AI into DRAM also catalyse the market growth in this region.
Key Market Players
The major players in the global dynamic random access memory (DRAM) market report are:
- Samsung Electronics Co., Ltd.
- SK Hynix Inc.
- Micron Technology, Inc.
- Nanya Technology Corporation.
- Winbond Electronics Corporation
- Powerchip Semiconductor Manufacturing Corp.
- Transcend Information, Inc.
- Infineon Technologies AG
- Kingston Technology Corporation
- Etron Technology, Inc
- Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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