DRAM Market 2021: Type and Application, Regions, Segmentation and Forecast to 2023
The global DRAM market is expected to soar at a CAGR of 28.70% from 2018 to 2023, asserts Market Research Future (MRFR) in its latest report. Factors such as rising number of data centers, robust expansion of the semiconductor and rising sales of high-end smartphones are partly supporting driving the growth of the global DRAM Market. Moreover, development cutting-edge communication technologies and rapid urbanization is creating attractive growth opportunities for market players. Sales of products such as smartphones, laptops/tablets, digital cameras, etc. has continued to increase over the years. Which has also created the need for more powerful processing technologies owing to the increased focus on higher storage capacity and lower-power consumption.
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.
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.
DRAM Market – Segmentation
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 2018 and 2023. In terms of value, the mobile phone segment is likely to hold the second spot throughout the review period.
Global DRAM Market – Regional Analysis
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.
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Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR’s methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
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