The global dynamic random-access memory (DRAM) market is estimated to garner a sizeable revenue by growing at a CAGR of ~8% over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the increasing need for high-memory tablets and smartphones, growing availability of internet connectivity around the world, and rising demand for rapid online operability. Along with these, escalating adoption of memory ICs and microcontroller in automobile electronics, and surge in demand for several different types of consumer electronics, are also predicted to drive market growth in the near future. Furthermore, growing emphasis on cloud computing by organizations coupled with the need for high-speed data transmission, back up facilities and high-density memory technologies are projected to offer profitable opportunities to the market in the upcoming years. It was calculated that in 2019, 60 percent of workloads were running on a hosted cloud service, up from about 45 percent in 2018. In totality, almost 90 percent of the business ran on cloud in the same year.
The market is segmented by application into smartphones, PC/laptops, consumer products, automotive, datacenter, and graphics, out of which, the automotive segment is anticipated to hold the largest share in the global dynamic random-access memory (DRAM) market. This can be accounted to the growing demand for processors requiring high memory capacity and bandwidth in self driving systems and driver awareness systems. Apart from these, increasing sales of electric vehicles, rising demand across in-vehicle infotainment systems, and favorable government policies in the favor of high-scale production of electric vehicles are also predicted to drive growth to the market segment by the end of 2030. As per the data given by Edison Electric Institute, approximately 1.2 million electric vehicles were sold in the United States in April 2019, which went up from almost 900,000 units in the year 2018. CLICK TO DOWNLOAD SAMPLE REPORT
The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.
On the basis of geographical analysis, the global dynamic random-access memory (DRAM) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. The market in Asia Pacific is estimated to witness noteworthy growth over the forecast period on the back of the rapid growth of semiconductor industry in China and Japan, and rising production capacities of memory IC companies in the region. In addition, governmental support to regional vendors in countries namely China, India, Japan, South Korea, and Taiwan, is also expected to boost the growth of this region’s market in the future. Moreover, the market in North America is assessed to grab the largest share over the forecast period owing to the high degree of technological advancements and strong presence of prominent market players in the region.
The global dynamic random-access memory (DRAM) market is further classified on the basis of region as follows:
Our in-depth analysis of the global dynamic random-access memory (DRAM) market includes the following segments:
FREQUENTLY ASKED QUESTIONS
The major factors driving market growth are increasing need for high-memory tablets and smartphones and growing availability of internet connectivity around the world.
The market is anticipated to attain a CAGR of ~8% over the forecast period, i.e., 2022 – 2030.
High cost of design and fabrication of DRAM are estimated to hamper the market growth.
Asia Pacific will provide more business opportunities for market growth owing to the rapid growth of semiconductor industry in China and Japan, and rising production capacities of memory IC companies.
The major players in the market are Micron Technology Inc., Winbond Corporation, Nanya Technology Corporation, Samsung Group, SK hynix Inc., and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by architecture, application, and by region.
The automotive segment is anticipated to hold largest market size and is estimated to grow at a notable CAGR over the forecast period and display significant growth opportunities.
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