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The dynamic random access memory (DRAM) market size is estimated to grow by USD 163.03 billion at a CAGR of 19.92% between 2022 and 2027. The growth of the market depends on several factors, including the growth of smart cities, the increase in miniaturization, and the faster product replacement cycle.
It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The growth of smart cities is notably driving the market growth, although factors such as various upcoming and improved technologies that offer price benefits may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The growth of smart cities is one of the key drivers supporting the dynamic random access memory market growth. Smart cities are made to integrate IoT and Information and communication technology (ICT) into urban infrastructure and improve the efficiency of urban services. This is expected to increase the design, planning, and construction of technologically advanced infrastructure, buildings, and others. Furthermore, it is expected that DRAM will be used to develop various IoT devices and others for the development of smart cities.
Thus, the increased number of new constructions globally under smart city projects will, in turn, lead to increased demand for DRAMs. Thus, with the expansion of smart city initiatives across the globe, the global dynamic random access memory (DRAM) market will see significant growth during the forecast period.
Increasing demand from the automotive segment is one of the key dynamic random access memory market trends fueling the market growth. Advanced Driver Assistance Systems (ADAS) and self-driving vehicle systems have grown in complexity, necessitating DRAM memory capacity and bandwidth. Due to this, the market landscape has been obliged to comply with safety-critical automotive systems, as well as common concerns about error rates and meeting stringent automotive standards such as ISO 26262. Moreover, intelligent memory offers a range of LPDDR4(X) chips with embedded error correction code (ECC) capabilities to its DRAM line.
For instance, Valens and Micron partnered in response to the rising demand for in-vehicle infotainment systems and ultra-high-speed in-vehicle connections. As a result, the alliance will collaborate to build automotive platforms that will fulfill the needs of self-driving cars, enhanced driver support systems, and next-generation in-vehicle entertainment systems. Such collaborations will boost the dynamic random access memory market growth during the forecast period.
Various upcoming and improved technologies that offer price benefits are one of the challenges impeding the dynamic random access memory market growth. Though there are numerous advantages of DRAM yet, there are many other technologies poised to take over DRAM in the future. For instance, phase-change memory is a type of non-volatile random-access memory. It is faster than DRAM and can retain data for extended periods.
Similarly, resistive RAM (RRAM) exhibits higher resistance, has a relatively simple fabrication, and can be scaled down below 10 nm. Likewise, 3D Xpoint is still in its development phase. However, it will have better and faster performance than DRAM at a much smaller size. Hence, the upcoming technologies with price variations will restrict the growth of the dynamic random access memory (DRAM) market during the forecast period.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Apacer Technology Inc.: The company offers various DRAM such as DDR5 gaming memory module, DDR4, and DDR3.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market players, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the computers segment will be significant during the forecast period. Before the advent of mobile devices, the computer segment dominated the global market. However, as mobile devices are replacing the functionality and uses of PCs, the demand for PCs is decreasing. Computers are still used in many areas, such as homes and offices, but the number of mobile devices outnumbers computers by a significant margin.
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The computers segment was valued at USD 21.67 billion in 2017 and continued to grow until 2021. Factors such as, the responsible for the fall in computer DRAM is the declining content requirement of DRAM in PCs and laptops. The primary cause for this is that operating systems are becoming leaner with every upgrade. Releases such as Windows 95, Windows 98, and Windows 2000 required more memory than current operating systems to run. However, DRAM requirements saw a decline from Windows 8, which did not have any memory requirements that exceeded that of Windows 7. Owing to the declining need for computer DRAM, memory suppliers are looking forward to alternative growth drivers such as mobile devices. Such factors will increase segment growth during the forecast period.
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APAC is estimated to contribute 71% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The DRAM market in APAC is expected to register one of the fastest growth rates during the forecast period. China is a significant revenue contributor and represents the largest market for semiconductors in APAC. The growing demand for semiconductors from the automotive, aerospace, electronic and electrical, and other end-user industries in developing countries such as China and India is a major reason driving the expansion of the market in focus in the area.
Furthermore, an increase in people's disposable money is predicted to boost demand for autos, gadgets, and electrical equipment. Significant industrial expansion in nations such as China, India, South Korea, Indonesia, and Taiwan will result in high levels of automation in their respective industry segments. Plant modernization has become a new instrument for businesses to obtain a competitive advantage over their competitors. The demand for semiconductor devices, such as DRAM, is increasing steadily in APAC owing to the rapid automation of industrial facilities.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the market growth and trends opportunities from 2017 to 2027.
The market is experiencing significant growth driven by the increasing demand for personal computers, smartphones, and ADAS systems. Innovations like LPDDR5X memory from companies like Qualcomm Technologies Inc. are enhancing the performance of these devices. The rise of cloud services and data center development is also fueling demand for server DRAM and mobile DRAM. Companies like Winbond Electronics Corporation are contributing to this market with products like HYPERRAM.
Artificial intelligence and the Internet of Things are key drivers in the market, leading to the development of generative AI and Smart IoT solutions. The market is also witnessing advancements in 5G technology and high-performance computing. Despite these advancements, the market is facing challenges such as supply shortages and inventory positions, which are impacting average DRAM content in devices. However, with the ongoing technological advancements and increasing demand for connected devices, the market is expected to continue its growth trajectory.
DRAM Market Scope |
|
Report Coverage |
Details |
Page number |
178 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 19.92% |
Market growth 2023-2027 |
USD 163.03 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
18.2 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 71% |
Key countries |
US, China, South Korea, Japan, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Advantech Co. Ltd., Alliance Memory Inc., Apacer Technology Inc., Elite Semiconductor Microelectronics Technology Inc., Elite Semiconductor Microelectronics Technology Inc., Fujitsu Ltd., GSI Technology Inc., Infineon Technologies AG, Integrated Silicon Solution Inc., Intel Corp., Kingston Technology Co. Inc., Micron Technology Inc., Nanya Technology Corp., Powerchip Semiconductor Manufacturing Corp., Samsung Electronics Co. Ltd., Shenzhen Longsys Electronics Co. Ltd., SK hynix Co. Ltd., Texas Instruments Inc., Transcend Information Inc., and Winbond Electronics Corp. |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Technology
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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