DRAM Market Recent Study including Growth Factors, Applications and Forecast to 2023

The global dynamic random-access memory (DRAM) market is expected to demonstrate a CAGR of 8.1% and reach USD 76.4 Bn by the end of the forecast period of 2019-2023, reveals Market Research Future (MRFR) in a comprehensive research report.

Rapid technological advancements have prompted the adoption of DRAM Market across servers and various devices to ensure smooth operational execution. Digitization in various sectors has been responsible for the diversification of the DRAM market since they accelerate the performance of personal computers, servers, and others.

The proliferation of smartphones and mobile devices is accounted to be one of the primary drivers for the growth of the global DRAM market. High penetration of smartphones, tablets, and smart wearable which invariably make use of DRAM to accommodate advanced features generate high demand for DRAM among manufacturers.

The emergence of augmented reality, virtual reality, artificial intelligence, and machine learning has also been beneficial for the growth of the global DRAM market.

The IoT boom, at the same time is reflecting favorably on the global DRAM market. Integration of machine learning and artificial intelligence application has led to requirement for power DRAM solutions. DRAM is becoming an important component in a wide range of communication devices. DRAM has high potential in the forthcoming years, as smart devices will become a more influential commodity among modern consumers.

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Global DRAM Market: Segmental Analysis

The report also includes an exhaustive segmental analysis of the global dynamic ram access memory (DRAM) market, which covers DRAM type, DRAM technology and DRAM application. On the basis of DRAM type, the market has been segmented into FPM (Fast Page Mode), burst extended data output (BEDO), asynchronous DRAM, synchronous DRAM and extended data output (EDO). The synchronous DRAM (SDRAM) segment will continue to hold a dominate position throughout the assessment period. Towards the end of 2023, the segment is expected to reach a market valuation in excess of USD 120 Bn, exhibiting a strong CAGR. Device manufacturers are inclining towards SDRAM owing to its high functional capabilities. Moreover, SDRAM are more efficient than conventional DRAMs.

By technology, the market has been segmented into DDR2, DDR5/GDDR5, DDR3 and DDR4. The DDR4 segment is likely to account for a predominant market share. The segment currently stands at a market valuation of more than 38 Bn and is expected to witness an impressive CAGR during the review period. The DDR5/GDDR5 segment is also expected witness a healthy growth over the next couple of years.

By application, the market has been segmented into networking devices, gaming consoles, PCs/laptops and mobile phones. In 2017, the PC/laptop segment accounted for 43.4% market share and is likely to retain its dominance over 2023. The segment accounted for 31.50% CAGR between 2019 and 2023. In terms of value, the mobile phone segment is likely to hold the second spot throughout the review period.

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Global DRAM Market: Regional Outlook

The regions that have been covered in the report include Europe, the Middle East, Africa, North America, Asia Pacific (APAC), and Latin America. The market in APAC is likely to remain highly attractive during the assessment period. In terms of value, APAC accounts for the largest share of the global DRAM market. In addition, APAC DRAM market is expected to post the highest GAGR till 2023. This is primarily owing to the rise of China an electronics manufacturing hub. In recent years, china has achieved tremendous feat as a manufacturing power house, catering to sectors such as automotive, electronics and consumer goods. Apart from China, countries such as Taiwan, South Korea and Japan are also making noteworthy contributions to the growth of the market in Asia Pacific. Asia Pacific is followed by North America and Europe respectively.

Global DRAM Market: Competitive Landscape

Winbond Electronics Corporation, Samsung Electronics Co., Ltd., Powerchip Technology Corporation, Kingston Technology Corporation, Integrated Silicon Solution Inc., Transcend Information, Inc., Micron Technology, Inc., Nanya Technology Corporation, ATP Electronics, Inc., and SK Hynix Inc. are some of top-notch companies that are profiled in MRFR’s report.

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