The increasing use of memory storage chips in various electronic devices is predicted to drive the growth of the DRAM market in the coming years. Asia Pacific is expected to dominate the dynamic random access memory (DRAM) market in terms of share.
NEWARK, Del., Nov. 08, 2022 (GLOBE NEWSWIRE) — Global dynamic random access memory (DRAM) market It is expected to reach a value of USD 10.3 billion by 2032, with sales growing at a moderate CAGR of 5% from 2022 to 2032. In 2021, the target market of USD 5.4 billion is likely to exceed USD 6.9 billion. End of 2022. High-tech needs such as IoT, AI, big data, machine learning, industrial and consumer electronics, and ICT infrastructure will drive the demand for dynamic random access memory (DRAM) market during the forecast period.
Increasing demand for cloud computing, expansion of data centers, and increased need for high-speed connectivity are fueling the dynamic RAM market. Emerging cloud computing services require high-speed data transfer, cooling and backup. High-density storage and low-power solutions meet these needs of the cloud computing industry. This will contribute to the growth of the DRAM market. Again, many market makers are eager to develop new graphics dynamic random access memory (DRAM) chips with faster speeds and improved power efficiency, as they find wide applications in powerful 3D games, PCs, laptops, and high-definition movie playback equipment.
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Many players in the RAM industry are striving for competitive advantage by using the latest processing technologies and reducing unit costs. This is expected to have a positive effect on the target market. Manufacturers are adopting new and innovative memory technologies that increase memory capacity by providing more data storage at a lower cost than the expensive silicon chips used in popular consumer electronics such as cell phones and tablets. Consequently, memory storage chips are increasingly used in various electronic devices, further driving the growth of DRAM markets. In automotive electronics, the rise of memory ICs and microcontrollers is driving the growth of the target market.
Increasing demand for consumer electronics worldwide is expected to lead to easy availability of high-performance DRAM at very low cost. The introduction of advanced wearable gadgets such as smart watches is driving the demand for DRAM. All these considerations will contribute to the growth of the target market during the forecast period.
“A strong semiconductor market is expected to drive global dynamic random access memory (DRAM) market growth over the forecast period,” FMI analyst said.
Access to faster static random access memory (SRAM) will hold the future of the market.
High demand for memory storage chips is driving the growth of the market.
High demand for online jobs is driving the growth of the market in North America.
Asia Pacific dominates the DRAM market due to the expansion of the semiconductor industry.
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The competitive landscape
Etron Technology Inc., Micron Technology Inc., Texas Instruments (TI), Nanya Technology Corp., Advanced Micro Device (AMD), Samsung Electronics Co. Ltd., Elpida Memory Inc., Intel, and Kingston Technology, among others, key players in the dynamic random access memory (DRAM) market are profiled in the full report.
Leading market players are interested in capitalizing on advanced processing technology to reduce unit costs. These enterprises are also engaging in product innovation and increasing their investment in research and development activities. Market participants also use collaborations and commercial relationships with important mobile device manufacturers to strengthen their market positions.
Additional Insights into the Dynamic Random Access Memory (DRAM) Market Report
In its latest report, FMI presents an unbiased analysis of the global dynamic random access memory (DRAM) market, providing historical data from 2015-2020 and forecast statistics from 2022-2032. To understand the global market potential, growth and scope, market architecture (DDR2, DDR5, DDR4, DDR3, etc.), application (automotive, smartphones/tablets, consumer products, graphics, data center, PC/laptop, other applications) and segmented on the basis of region.
According to the latest FMI reports based on the region, the dynamic random access memory (DRAM) market in Asia Pacific is witnessing significant growth due to the rapid expansion of the semiconductor sector. Moreover, the support of many governments such as Taiwan, China, India and South Korea strengthens the target market prospects in this region.
Dynamic RAM (DRAM) market in North America will show impressive growth during the period 2022-2032. Increasing demand for self-driving vehicle systems and Driver Awareness Systems (ADAS) is driving the demand for the target market. Increasing demand for tablets and smartphones with high storage capacity, as well as increased demand for working online, will further aid the growth of the market in this region during the forecast period.
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Key segments profiled in Dynamic Random Access Memory (DRAM) industry survey
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Table of contents
1.1. Global market forecast
1.2. Demand trends
1.3. Supplier trends
1.4. Technology roadmap analysis
1.5. Analysis and recommendations
2. Market overview
2.1. Market coverage / taxonomy
2.2. Market Definition / Scope / Limitations
3. Market information
3.1. Market dynamics
3.2. Scenario prediction
3.2.1. Demand in an optimistic scenario
3.2.2. Demand in a possible scenario
3.2.3. Demand in a conservative scenario
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