DRAM Market to Hit USD 221.67 Billion at a healthy CAGR of 9.2% by 2030 | The growth and expansion of semiconductor industries

DRAM Market Overview:

According to the research reports by MRFR, DRAM Market: By Type, Application, Technology, and Region- Forecast till 2030, the DRAM Market is predicted to attain a valuation of around USD 221.67 Billion by the end of 2030. The report predicts the market will flourish at a robust CAGR of over 9.2% during the assessment timeframe.

Market Scope: The DRAM stands for Dynamic Random Access Memory that stores data on an individual capacitor. The market is evolving because of the increase in global data centers. The global market for DRAM has grown enormously in recent years. The primary aspect supporting the market’s growth is the growth and expansion of the semiconductor industries. Furthermore, the increased rate of advanced communication technologies demands higher and secure data storage systems in the present day’s world is another prime aspect boosting the market’s growth. Moreover, the rapid urbanization and industrialization across several regions worldwide are also projected to boost the growth of the market over the coming years. the growing usage of consumer electronic devices like digital cameras, laptops and tablets, and smartphones is boosting its sales rate, further growing the revenues of the DRAM market. In addition, the demand for more powerful technologies is bolstering the market share because of the increasing focus on higher storage systems with less power consumption.

Competitive Analysis

The global market for DRAM has prominent leaders such as:

• Transcend Information Inc.
• Samsung Electronics Co. Ltd.
• Kingston Technology Corporation
• Winbond Electronics Corporation
• Powerchip Technology Corporation
• Nanya Technology Corporation
• SK Hynix Inc.
• ATP Electronics Inc.
• Integrated Silicon Solution Inc.
• Micron Technology Inc.

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Report Scope:

Market USP Covered

Market Drivers

The global DRAM market has exhibited massive growth in recent years owing to the aspects such as rising numbers of data centers, rising sales of high-end smartphones, and robust expansion of semiconductors.

Market Restraints

On the other hand, the factors such as high prices of DRAM chips and increasing production capacities may restrict the market’s growth.

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COVID-19 Impact

The global health crisis in the form of COVID-19 has had a massive impact on most industry areas across the globe. The pandemic managed to spread to almost 225 countries across the globe. Given the rapid spread of the disease, the governments across these nations imposed partial or complete lockdowns. Just like any other market area, the global market for DRAM also witnessed some severe unexpected challenges during the pandemic. The pandemic had impacted the DRAM market heavily, leading to massive revenue losses to end-use industries such as PCs/laptops, Mobile Phones, and more. After a short slowdown in 2019, the memory market was again impacted by the COVID-19 pandemic. On the other hand, with the post-lockdown restrictions getting relieved with time, the global DRAM market is picking up the pace again.

Segment Analysis

Among all the types, the synchronous DRAM segment is anticipated to dominate the global DRAM market over the assessment timeframe. The primary aspect boosting the segment’s growth is credited mainly to the high functional efficiencies and capabilities of SDRAM than traditional DRAMs.

Among all the technologies, the DDR4 segment is anticipated to secure the leading position across the global DRAM market over the coming years. on the other hand, the DDR5/GDDR5 segment is also projected to exhibit substantial growth over the assessment timeframe.

Based on the application areas, the PC/laptop segment will likely dominate the global DRAM market over the review timeframe. The segment will exhibit a substantial CAGR of approximately 31.50% over the review timeframe from 2018 to 2023. However, the mobile phone segment is anticipated to register the fastest growth over the review timeframe.

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Regional Analysis

The global DRAM market is analyzed across five major regions: Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.

The research report by MRFR suggests that the Asia-Pacific region is projected to secure the top position across the global DRAM market over the coming years. the main factors boosting the growth of the regional market are the increase in consumer goods, electronics, automotive, and electronics manufacturing sectors in Japan, Taiwan, China, South Korea, and India. Furthermore, the regional market is anticipated to be lucrative over the coming years.

The DRAM market for the North American region is anticipated to secure the second position over the assessment timeframe. The regional market’s growth is credited to the growing demand for advanced DRAM technologies from several end use sectors and the growing pool of Smartphone manufacturers and semiconductor companies. Furthermore, the growing applications of DRAM chips is another prime aspect causing an upsurge in the regional market’s growth over the coming years.

The European regional market for DRAMs is anticipated to grow substantially over the coming years. the regional market’s growth is attributed to the aspects such as elevated demand for DRAM technologies, the presence of a thriving manufacturing base, and supportive government policies.

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