NEWARK, Del, Nov. 08, 2022 (GLOBE NEWSWIRE) — The Global Dynamic random access memory (DRAM) market. is expected to reach a valuation of $10.3 billion by 2032, with revenue growing at a moderate CAGR of 5% from 2022 to 2032. Valued at $5.4 billion in 2021, the target market is expected to surpass $6.9 billion by the end of 2022. Elevated technological demands such as IoT, AI, big data, machine learning, industrial and Consumer electronics as well as ICT infrastructure will drive the demand for the dynamic random access memory (DRAM) market during the forecast period.
Increasing demand for cloud computing, expanding data centers and increasing need for high-speed connectivity will drive the dynamic random access storage market. The advancing cloud computing services require high-speed data transmission, cooling and backup. High-density storage and low-power solutions address these needs of the cloud computing industry. This promotes the growth of the DRAM market. Again, many market manufacturers are striving to develop new DRAM (Dynamic Random Access Memory) chips for graphics with higher speeds and improved power efficiency as these find extensive applications in high-performance 3D games, PCs, laptops and devices that play high-definition movies.
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Many players in the RAM industry are striving for a competitive advantage by using the latest processing technologies and reducing unit costs. This should bode well for the target market. New and innovative storage technologies are being adopted by manufacturers, increasing storage potential by ensuring storage of more data at a lower cost than the expensive silicon chips used in popular consumer electronics such as cell phones and tablets. Consequently, memory chips are increasingly used in various electronic devices, which further drives the growth of DRAM markets. The increasing adoption of memory ICs and microcontrollers in automotive electronics will also contribute to the growth of the target market.
It is expected that the increase in demand for consumer electronics around the world will result in the ready availability of high performance DRAM at a relatively low cost. The introduction of advanced wearable devices such as smartwatches will increase the demand for DRAM. All these considerations will drive growth for the target market during the projected period.
“A strong semiconductor market is expected to fuel global dynamic random access memory (DRAM) market growth during the forecast period,” said an FMI analyst.
The central theses:
- Access to faster static random access memory (SRAM) will hurt the market outlook.
- The high demand for memory chips facilitates the market growth.
- High demand for online operability will drive market growth in North America.
- The Asia-Pacific region will dominate the DRAM market due to the expanding semiconductor industry.
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Some of these are 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 The major players on The Dynamic Random Access Memory (DRAM) market are profiled in the full version of the report.
Leading market players are keen to benefit from advanced processing technology to reduce unit costs. These companies are also committed to product innovation and are increasing their investment in research and development activities. Market participants also use cooperation and trading relationships with major manufacturers of mobile devices to strengthen their market position.
Learn more about the Dynamic Random Access Memory (DRAM) market report.
In its latest report, FMI provides an unbiased analysis of the global Dynamic Random Access Memory (DRAM) market with historical data from 2015 to 2020 and forecast statistics to 2022 to 2032. To understand the global market potential, the growth and the scope that the market is heading for Segmented by architecture (DDR2, DDR5, DDR4, DDR3, other), application (automotive, smartphones/tablets, consumer, graphics, data center, PC/laptop, other application), and region.
According to the latest FMI reports, the Dynamic Random Access Memory (DRAM) market in Asia-Pacific region is set to witness significant growth depending on the region due to the rapid expansion of the semiconductor sector. Additionally, support from multiple governments including Taiwan, China, India and South Korea will improve the target market prospects in this region.
The Dynamic Random Access Memory (DRAM) market in North America is set to experience impressive growth between 2022 and 2032. The increased demand for self-driving vehicle systems and driver awareness systems (ADAS) will increase demand for the target market. Increasing demand for tablets and smartphones with high memory along with increasing demand for online operability will further support the market growth in this region during the forecast period.
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Key Segments Profile of Dynamic Random Access Memory (DRAM) Industry Survey
- consumer products
- data center
- personal computer/laptop
- Other Applications
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Table of Contents
1.1. Global Market Outlook
1.2. Demand-side trends
1.3. Supply-side trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Restrictions
3. Market background
3.1. market dynamics
3.2. scenario forecast
3.2.1. demand in the optimistic scenario
3.2.2. demand in the probable scenario
3.2.3. Demand in the conservative scenario
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