DRAM Market Estimated to Grow with a Healthy CAGR During Forecast Period 2020-2027 | Impact of COVID-19

 Market Overview: 

Dynamic RAM (DRAM) or dynamic random access memory is used in many processors for providing high computing capabilities and memory. Its simple design, high storage capacity, and low costs have led to its integration in latest laptops and desktop PCs. The global DRAM market report by Market Research Future (MRFR) contains estimations on size and growth coupled with the impact of the COVID-19 outbreak on growth enablers and hindrances for the period of 2018 to 2023 (forecast period).

Market Scope

The global DRAM Market is expected to exhibit a CAGR of 28.70% during the forecast period. It can reach a valuation of USD 328.59 billion by 2023.

The market is driven by rapid urbanization and adoption of smart devices, tablets, and personal computers. The high penetration rate of IoT and the increased computing capability of DRAM for machine learning and artificial intelligence applications can drive market demand. Advent of cloud computing and its utilization for scaling businesses online can induce demand for DRAM for high-speed data transmission and storage. The utilization in wearables and low cost of consumer electronic devices is a direct indicator of the large scope of the market.

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DRAM Market – Segmentation

Based on type, the market has been segmented into asynchronous DRAM, synchronous DRAM, burst extended data output (BEDO), extended data output (EDO), and FPM (Fast Page Mode). The synchronous DRAM (SDRAM) segment accounts for the largest market share and is expected to remain highly profitable in the coming years. By the year 2023, the segment is expected to surpass a valuation of USD 120 Bn reflecting a strong CAGR of 32.80%. Synchronous DRAM is faster and more efficient as compared to asynchronous DRAM. Its syncs to the clock of the processor and executes multiple threads by utilizing multiple memory banks.

On the basis of technology, the market has been segmented into DDR5/GDDR5, DDR4, DDR3, and DDR2. The DDR4 segment accounts for the lion’s share of the market. It stood at USD 38.59 billion valuation in 2017 and likely to retain its top position till 2023. DDR4 is curved edge technology which supports memory slot integration in smart devices. It is a eco-friendly technology which powers up the computing power with low expenditure of power. Apart from DDR4, DDR5/GDDR5 is another emerging DRAM technology which is deemed to exhibit the fastest CAGR over the forecast period.

On the basis of application, the market has been segmented into gaming consoles, mobile phones, PCs/laptops, and networking devices. The PC/laptop segment currently accounts for the largest market share in terms of value. The segment is projected to witness a CAGR of 31.50% during the forecast period. Meanwhile, the mobile phone segment accounted for the second largest share of the market in 2018.

Key Players

Winbond Electronics Corporation, Samsung Electronics Co., Ltd., Powerchip Technology Corporation, Kingston Technology Corporation, Integrated Silicon Solution Inc., Transcend Information, Inc., Micron Technology, Inc. (Ticker: MU), Nanya Technology Corporation, ATP Electronics, Inc., and SK Hynix Inc. are some of top-notch companies that are profiled in MRFR’s report.

DRAM Market – Regional Analysis

On the basis of region, the global DRAM market has been segmented into North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).

APAC is the most significant contributor to the global DRAM market and is projected to exhibit a relatively higher CAGR during the assessment period. In APAC, China (including Taiwan) is the most important investment destination for market players. It is one of the leading producers of electronic products. The demand for electronic products in Japan, China, and South Korea are expected to encourage DRAM growth in the region.

North America is poised to garner significant share of the global dynamic random access memory market. The offering of 5G by telecommunication providers and AI-driven applications can induce demand in the region.

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About Us:

Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.

Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.

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