Dynamic Random Access Memory (DRAM) Market Set to Hit US$ 10.3 Billion by 2032, Driven by 5% CAGR

The global dynamic random access memory (DRAM) market is anticipated to increase at a CAGR of 5% from 2022 to 2032, reaching US$ 10.3 billion. By the end of 2022, it is anticipated to surpass the US$ 6.9 billion mark. The fast global uptake of personal computing devices is probably going to drive up the price of DRAM shortly.

Located in the vicinity of the processor makes this type of memory much faster than other types of conventional storage options such as hard disk and CD-ROM. Dynamic random access memory is a type of RAM that chips on a circuit board that needs to be refreshed every few milliseconds.

It stores each bit of data on a distinct passive electronic component present inside an integrated circuit board consisting of transistors and capacitors that make dynamic random access memory chip an efficient component to store data in memory as it requires less physical space to store the same amount of data than if it were to be stored statically.

Request for a Sample of this Research Report
https://www.futuremarketinsights.com/reports/sample/rep-gb-947

Computer hardware manufacturers are emphasizing developing new products with better performance and enhanced functionality such as minimum latency and maximum performance to capture a greater market share and attract more end users. Random access memory (RAM) is the place in devices where the operating system, data in current use, and application programs are kept to facilitate quick access by the device processor.

Also, relatively less manufacturing cost than static RAM makes dynamic random access memory more preferable to be integrated with devices like computers and mobile phones.

Dynamic Random Access Memory (DRAM) Market: Regional Outlook
Due to the increasing popularity of mobile devices across emerging countries like India, China, and Brazil, the dynamic random access memory market is expected to witness a healthy CAGR during the projected period. Asia Pacific is the dominating region in the dynamic random access memory market and is expected to remain dominant followed by North America during the forecast period. The Middle East & Africa region is expected to reflect the highest CAGR during the forecast period.

Dynamic Random Access Memory (DRAM) Market: Drivers
The demand for high-performance and low-power DRAM in mobile devices promises significant growth opportunities for the dynamic random access memory market. The growing penetration of smartphones in developing countries such as India, China, and Indonesia is expected to drive the growth of the dynamic random access memory market.

Furthermore, introducing new devices in the computing field such as hybrid devices and ultra-thin notebooks which offer high battery life and robust performance backed by dynamic RAM are further expected to fuel the growth of the dynamic random access memory market during the projected period. However, the emergence of substitutes such as NAND flash is expected to hinder the growth of the dynamic random access memory market amidst the forecast period.

Leading Key Players:
The key vendors in the dynamic random access memory market include SK Hynix Inc., Micron Technology Inc., SamsungElectronics Co. Ltd., Nanya Technology Corporation, Winbond Electronics Corporation, Powerchip Technology Corporation, Intel Corporation, Texas Instruments, and others. Major players in the dynamic random access memory market follow the strategy of introducing cost-effective solutions to gain a competitive edge. In addition, collaborating with major mobile device manufacturers is the other strategy being followed by the dynamic random access memory providers to outperform competitors.

Seize the Opportunity: Buy Now for a Thorough Report
https://www.futuremarketinsights.com/checkout/947

Dynamic Random Access Memory (DRAM) Market Segmentation:

By Architecture:

  • DDR2
  • DDR5
  • DDR4
  • DDR3
  • Others

By Application:

  • Automotive
  • Smartphones/Tablets?
  • Consumer Products?
  • Graphics
  • Datacenter
  • PC/Laptop
  • Other Applications

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these