The global dynamic random access memory (DRAM) market is anticipated to grow at a CAGR of around 8.3% during the forecast period (2024-2031). The factor augmenting the growth of the global DRAM market in Asia-Pacific is the rapid adoption of smartphones owing to the increased internet penetration in emerging economies such as China, Japan, India, South Korea, Taiwan, and the rest of the Asia-Pacific. According to the IEEE Communication Society, the internet penetration in China reached nearly 61.2% in 1st half of 2019, in which 99.1% access the internet from smartphones. Due to the increased penetration of smartphones coupled with the internet, the demand for DRAM has also raised in the region. The semiconductor industry is accounted for the largest revenue holder in Asia-Pacific owing to the increasing demand for consumer electronics, and growing cloud computing technologies. In addition, the rising application of DRAMs beyond consumer electronics such as automotive, and networking in data centers has also accelerated its demand.
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The market growth is also driven by the presence of major players that are continuously contributing to the market growth by adopting various strategies to fulfil the growing market demand for DRAM. The market strategies adopted by them include business/production expansion, mergers and acquisitions, partnership collaborations, and new product launches/development. For instance, in February 2021, Innodisk Corpexpanded its product offering by announcing industrial-grade DRAM modules for FPGA (field-programmable gate array) with facilities such as wide temperature support, reliability, the high capacity dual or single form factor for AI, and IoT applications. In April 2021, ATP Electronics Inc. launched N700 Series PCIe Gen3 x4 NVMe SSD in its tiniest NVMe flash storage offering. Further, in October 2020, the company has launched the A700Pi/E700Pi Series, a new generation of Premium Line pSLC NAND-based embedded SSDs. Apart from these launches, the acquisition by these players to expand their business also played a significant role in the growth of the market in the region. For instance, in October 2020, SK Hynix acquired the Intel NAND memory and storage business for $9 billion, the acquisition included the NAND SSD business, the NAND component, and wafer business, and the Dalian NAND memory manufacturing facility in China.
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Market Coverage
- Segment Covered-
o By Type
o By Technology
o By Application
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Advanced Micro Device Inc., Alliance Memory, Inc, ATP Electronics,Inc., Centon Electronics. Etron Technology, Inc. , Intel Corp., Innodisk Corp.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global DRAM Market Report Segment
By Type
- Synchronous DRAM (SDRAM)
- Rambus DRAM (RDRAM)
- Double Data Rate SDRAM (DDR SDRAM)
- Fast Page Mode DRAM (FPM DRAM)
- Extended data out DRAM (EDO DRAM)
By Technology
- DDR4
- DDR3
- DDR5
- DDR2
By Application
- Computing Devices
- Consumer Electronics
- Automotive
- Gaming Consoles & Networking Devices
- Others
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