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Dynamic Random Access Memory (DRAM) Market

Market Insights on Dynamic Random Access Memory (DRAM) covering sales outlook, demand forecast & up-to-date key trends

Dynamic Random Access Memory (DRAM) Market By Architecture (DDR2, DDR5, DDR4, DDR3), Application (Automotive, Smartphones/Tablets, Consumer Products, Graphics, Datacenter, PC/Laptop) & Region - Forecast 2022-2032

Dynamic Random Access Memory (DRAM) Market Overview

The global Dynamic Random Access Memory (DRAM) market size is expected to reach US$ 10.3 Billion in 2032 and exhibit growth at a CAGR of 5% in the forecast period from 2022 to 2032. It is set to cross the US$ 6.9 Billion mark by the end of 2022. The rapid adoption of personal computing devices across the globe is likely to propel the demand for DRAM in the near future.

Report Attribute

Details

Estimated Base Year Value (2021)

US$ 5.4 Billion

Expected Market Value (2022)

US$ 6.9 Billion

Anticipated Forecast Value (2032)

US$ 10.3 Billion

Projected Growth Rate (2022-2032)

5% CAGR

DRAM is a type of semiconductor memory that is mainly utilized in program or data code required by a computer processor for smooth functioning. It is extensively used in servers, workstations, and personal computers.

It enables the PC processor to directly gain access to any part of the memory rather than having to move sequentially from a specific place. It helps in storing vast amounts of data in memory cells which contain transistors and capacitors.

It provides various benefits, such as higher density levels, affordability, and simple design. Memory stored in DRAM can also be deleted or refreshed while a program is still operating.

The ongoing development of innovative DRAM by leading players is expected to augur well for the market. In March 2022, for instance, Samsung announced that Qualcomm has validated the 14nm-based LPDDR5X DRAM chip. It will now be used with the company’s Snapdragon chipsets. Samsung aims to work closely with the latter to upgrade the new chip for mobile platforms running on Snapdragon. Thus, similar other collaborations between key players are set to push the sales of DRAM in the assessment period.

Which are Some Prominent Drivers Spearheading Dynamic Random Access Memory (DRAM) Market Growth?

The increasing usage of memory storage chips in various electronic devices is projected to propel the DRAM market growth in the upcoming years. The higher adoption of memory ICs and microcontrollers in automobile electronics is another significant factor that is expected to augment the market.

The surging demand for consumer electronics worldwide is anticipated to lead to the easy availability of high-performance DRAM at relatively low cost. The emergence of cutting-edge wearable gadgets, such as smartwatches is set to propel the usage of DRAM. It is further likely to result in huge investments by key players in capacity expansions.

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What are the Challenges Faced by the Dynamic Random Access Memory (DRAM) Industry?

As compared to Static Random-Access Memory (SRAM), DRAM is slower. The data present in its storage cells, should be refreshed after a certain period of time. The manufacturing process of DRAM is quite complex and it consumes high power, unlike the other options available in the market. Driven by the aforementioned factors, the DRAM market share may decline in the forthcoming years.

Why is Asia Pacific Emerging as an Opportunistic Dynamic Random Access Memory (DRAM) Market?

Asia Pacific is set to dominate in terms of the DRAM market share in the evaluation period. This growth is attributable to the ongoing expansion of the semiconductor industry.

The rising government support in numerous developing countries, such as India, China, Taiwan, and South Korea is set to result in the entry of regional vendors in Asia Pacific. These players are expected to broaden their geographic presence by exporting their products worldwide, as well as by expanding their manufacturing capacities.

In March 2022, Micron Technology declared that the global handset industry is estimated to exhibit a healthy growth rate in 2022 with the rising demand for 5G smartphones. The company also stated that it is set to showcase high demand for NAND and DRAM flash chips in China. This trend is likely to increase in the future years, thereby propelling the sales in Asia Pacific.

Nikhil Kaitwade
Principal Consultant
LinkedIn
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How is North America Contributing to the Growth of the Dynamic Random Access Memory (DRAM) Market?

The rapid expansion of the automotive sector in North America is anticipated to accelerate the DRAM market size in this region. The surging demand for self-driving vehicle systems and Driver Awareness Systems (ADAS) in the U.S. is likely to propel the manufacturing of DRAM in the region.

These systems require advanced processors with high bandwidth and memory capacity. The U.S. government is also expected to put forward new regulations to prevent common errors in automotive systems and ensure safety of drivers, as well as passengers.

The introduction of innovative technologies, such as ultra-thin notebooks that provide high performance, sturdy physical profile, and long battery life is projected to bode well for the market. The surging need for high-memory tablets and smartphones and the rising demand for online operability are some of the other factors that are estimated to fuel the market in North America.

Market Competition

Some of the key players present in the global Dynamic Random Access Memory (DRAM) market include 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.

The global DRAM market has an oligopolistic outlay with the presence of a handful of suppliers and a high level of competition among them in terms of price. Majority of the renowned players are striving to leverage state-of-the-art processing technology for lowering costs of units, as well as for gaining a competitive advantage. Meanwhile, a few other companies are consistently innovating their products by investing huge sums in research and development activities.

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Report Scope

Report Attribute

Details

Growth Rate

CAGR of 5% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Architecture
  • Application
  • Region

Regions Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Argentina
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Australia & New Zealand
  • China
  • India
  • ASEAN
  • GCC
  • South Africa

Key Companies Profiled

  • Etron Technology Inc.
  • Micron Technology Inc.
  • Texas Instruments (TI)
  • Nanya Technology Corp.
  • Advanced Micro Device (AMD)
  • Samsung Electronics Co. Ltd.
  • Elpida Memory Inc.
  • Intel
  • Kingston Technology

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Available Upon Request

Key Segments Profiled in the Dynamic Random Access Memory (DRAM) Industry Survey

By Architecture:

  • DDR2
  • DDR5
  • DDR4
  • DDR3
  • Others

By Application:

  • Automotive
  • Smartphones/Tablets?
  • Consumer Products?
  • Graphics
  • Datacenter
  • PC/Laptop
  • Other Applications

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Frequently Asked Questions

The global Dynamic Random Access Memory (DRAM) market is anticipated to exhibit growth at a CAGR of 5% by 2032.

Asia Pacific is expected to dominate the Dynamic Random Access Memory (DRAM) market in terms of share.

Etron Technology Inc., Micron Technology Inc., Texas Instruments (TI), Nanya Technology Corp., and Advanced Micro Device (AMD) are some of the key players in the global Dynamic Random Access Memory (DRAM) market.

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Nikhil Kaitwade
Principal Consultant
LinkedIn
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Dynamic Random Access Memory (DRAM) Market