Dram Market Expected to Reach $10.2 Billion by 2032—Allied Market Research

According to a new report published by Allied Market Research, titled, “DRAM market By Type, and Application: Global Opportunity Analysis and Industry Forecast, 2023-2032", the DRAM market size was valued at $6.2 billion in 2022, and is estimated to reach $10.2 billion by 2032, growing at a CAGR of 5.4% from 2023 to 2032. 

The global DRAM industry consists of several local and national manufacturers who are constantly developing new DRAM-based technologies to expand internationally and strengthen their market share. In the DRAM market share, producers compete based on price, product quality, and technology. eDRAM is mostly utilized in servers and personal computers (PCs) among other devices.

In addition, DRAM finds extensive usage in global positioning systems (GPS), digital signal controllers (DSC), tablets, pads, and smartphones. DRAMs are also utilised in  electronics products to offer low power consumption in gadgets like as digital cameras,smart TVs, set-top boxes, video cards, and portable media players.

The rise in demand for high-end smartphones is propelling the market's growth and encouraging the development of new products that satisfy end-user requirements. The surge of new mobile computing devices has made data centres increasingly valuable to many organisations. Large companies are thus trying to find funding for the construction of new data centres. 

Data centres are vital to the digital era, determined by the announcements made by IT giants such Microsoft and Amazon about their plans to launch similar initiatives. Moreover, Apple Inc. said that it will spend USD 1.3 billion on the construction of data centres around the US. These investments show how much the industry understands how important it is to have a strong data. The Facebook Washington State Department of Commerce company have spent around $1 billion to construct a data centre in Richmond, Virginia, in the United States. A few other companies, such as Amazon and Microsoft, also declared their intentions to develop new data centre projects.

The market dynamics of Synchronous Dynamic Random Access Memory (SDRAM) are influenced by many important elements that work together. The constant need for computing systems to operate at greater speeds and with more bandwidth is one of the main drivers. The need for quicker and more effective memory solutions grows as applications become more complex, ranging from virtualization and video editing to games and other data-intensive jobs. Modern computing prefers SDRAM because it meets these requirements with its synchronous operation and high-speed data transmission capabilities.

The ongoing development of technology, which includes improvements in building and manufacturing techniques, is another important factor. To meet the ever-increasing expectations of end users, SDRAM makers work to improve energy efficiency, lower latency, and boost storage density. 

The DRAM Market Growth is additionally influenced by the drive towards power efficiency and miniaturization, especially in mobile devices. SDRAM is widely used in smartphones, tablets, and other portable gadgets due to its capacity to deliver high-performance memory in a small form factor. Because of its flexibility and adaptability, SDRAM may be used to suit the needs of both consumer and corporate computers as the digital world continues to change.

The  market is analyzed across type, application, and region. By type, the DRAM Market Analysis is classified into SDRAM, DDR SDRAM, DDR5 SDRAM, LPDDR, and others. By application, it is bifurcated into smartphones and tablets, PC and laptop, data centers, and others.

On the basis of region, the DRAM market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

Country wise, China holds a significant share in the global market, owing to the presence of prime players. Major organizations and government institutions in the country are intensely putting resources into these global DRAM these prime sectors have strengthened the growth of the global network-attached storage market in the region.

KEY FINDINGS OF THE STUDY

• In 2022, the SDRAM segment accounted for maximum revenue and is projected to grow at a notable CAGR during the forecast period.
• China contributed for the major share in the network-attached storage market, accounting for highest revenue share in 2022.

The key players profiled in the report include Samsung Electronics, Micron Technology Inc., SK HYNIX INC., Nanya Technology Corporation, Winbond Electronics Corporation, Powerchip Technology Corporation, Transcend Information, Kingston Technology, Integrated Silicon Solutions, and Intel Corporation. The key strategies adopted by the major players of the DRAM market is product launch.