Global Dynamic Random Access Memory (DRAM) Market to Grow at a CAGR of 9.9% During 2024-2032, Aided by the Increasing Adoption of Electronic Devices Across Various End-Use Sectors

The low cost of DRAM technology, its fast speed, high density, and low rate of power consumption, combined with DRAM's compatibility with major electronic equipment, are some of the key drivers aiding the dynamic random access memory (DRAM) market growth.

Shifting consumer preferences toward electronic devices that offer high speed, reliability, and greater efficiency are likely to further enhance the prospects for the DRAM market during the forecast period. These devices require memory solutions that can keep pace with evolving performance needs while maintaining affordability, and characteristics well aligned with DRAM's capabilities.

The increasing adoption of electronic devices across various end-use sectors, including healthcare, information technology and telecommunications, and media and entertainment, has further aided the market for dynamic random-access memory (DRAM). Additionally, the expanding availability of high-speed internet access, such as fifth-generation (5G) wireless technology networks, is further broadening the demand for DRAM.

Progressive product releases aimed at enhancing end users' working capabilities are poised to be crucial trends in the DRAM market. The increasing adoption of advanced technologies like artificial intelligence and machine learning is likely to revolutionise the electronics industry by facilitating higher data transmission speeds and easier connectivity, further contributing to the market expansion.

Increasing development of DRAM solutions by key players such as Micron Technology, Inc. (NASDAQ: MU) and Samsung Electronics is aiding the market. For instance, in December 2022, Samsung Electronics Co., Ltd. (KRX: 005930) announced the development of its 16-gigabit (Gb) DDR5 DRAM built using the industry’s first 12-nanometer (nm) process technology. Samsung also completed a product evaluation confirming compatibility with AMD.

Leveraging the latest DDR5 standard, Samsung's 12nm DRAM can enable speeds of up to 7.2 gigabits per second (Gbps). This level of performance allows for processing two 30 gigabytes (GB) ultra-high definition movies within one second. The company offers its products through online platforms, such as Amazon.com Inc (NYSE: AMZN), and others.

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Market Breakup by Architecture, Application, End Use, and Region:

• On the basis of the architecture, the market is divided into DDR3, DDR4, DDR5, and DDR2, among others.

• The market, based on application, is segmented into smartphones/tablets, PC/laptop, gaming console, and networking device, among others.

• On the basis of the end use, the market is categorised into automotive, IT and telecom, media and entertainment, medical, and consumer electronics, among others.

• By region, the market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

Key Findings of the Report:

• The growing adoption of consumer electronics such as laptops, tablets, smartphones, and digital cameras owing to global urbanisation and technological progress, is aiding the dynamic random access memory (DRAM) market expansion.

• Mobile devices are expected to account for 73% of global internet usage by 2019. The worldwide growth in demand can be attributed primarily to rising population levels, increasing disposable income per capita in emerging markets, as well as enhanced access to high-speed internet and affordable end-user products. These trends have helped drive mass consumption of digital technologies around the globe.

• Demand for DRAM from data centers is expected to increase substantially in the coming years, driving overall annual DRAM demand higher. Emerging technologies such as artificial intelligence, streaming media, online gaming, and autonomous vehicles are expected to surge the demand for data processing infrastructure in the coming years.

• Innovations in design approaches within data centers and novel solutions as facility managers strive to accommodate the elevated power needs of high-performance computing applications are aiding the market. The integration of artificial intelligence, Internet of things technologies, and 5G networking standards represents a powerful growth catalyst for computing workload volumes and complementary DRAM needs.

Figure: Worldwide Revenue of Consumer Electronics (USD Millions)

Key Offerings of the Report:

• The EMR report gives an overview of the global dynamic random access memory (DRAM) market for the periods (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the architectures, applications, end uses, and major regions.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global dynamic random access memory (DRAM) market are Samsung Electronics Co., Ltd., SK Hynix Inc., Micron Technology, Inc., Nanya Technology Corporation., Winbond Electronics Corporation, Powerchip Semiconductor Manufacturing Corp., Transcend Information, Inc., Infineon Technologies AG, Kingston Technology Corporation, and Etron Technology, Inc, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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