DRAM Market Overview
The global dram market is cementing its foothold at present as it is expected to expand at 28.70% CAGR, during the forecast period (2018-2023), reveals Market Research Future (MFRF) in its comprehensive study. The study also includes some of the top trending factors that are driving the market to gains its prospects along with segments and regional analysis to study the future expansion of the market.
In the present, the electronic products are witnessing outstanding evolution which is also termed to be extraordinary. As the power of devices continues to grow, the semiconductor industry is also evolving at double-digit, thus forcing the global dram market to grow considerably in the coming years.
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Key Players
Winbond Electronics Corporation, Samsung Electronics Co., Ltd., Nanya Technology Corporation, Micron Technology, Inc., ATP Electronics, Inc., Integrated Silicon Solution Inc., Powerchip Technology Corporation, SK Hynix Inc., Kingston Technology Corporation and Transcend Information, Inc. are some of the iconic names that are continuously contributing to the market’s growth.
Market Drivers & Trends
DRAM—Dynamic Random, Access Memory is becoming a sought-out component in the electronics manufacturing field, especially the communication and computational devices. The global market for dram is expanding rapidly due to factors such as growing popularity of high-end smartphones, across the world. The regions like Asia is gaining the maximum traction owing to the presence of giant electronics manufacturing roof mainly in China, Korea, Taiwan, and Japan. These countries have emerged as prominent market for DRAM at present and have a bright future as well during the forecast period.
On the other hand, the factors such as rising number of data centers, the double-digit expansion rate of the semiconductor and increasing sales of high-end smartphone have also stood as frontrunner in the growth of the global DRAM Market. At the same time, the progress of communication technologies at a higher rate coupled with urbanization has also contributed to the market growth by brining-in attractive growth opportunities for market players. For instance, the sales of smartphones, laptops/tablets, digital cameras and many more have acquired the market and has become keen interest of people. These have created more powerful processing technologies owing to the increased focus on high storage capacity and lower power consumption. These factors are thus, touted to be more effective in the future as technology is evolving year by year and would cater to the market growth substantially during the assessment period.
Furthermore, the boom of IoT, at the same time, is reflecting as a favorable factor on the global DRAM market. Incorporation of machine learning and artificial intelligence application has also led to requirement for power DRAM solutions and making it highly potential in the forthcoming years.
Market Segmentation
The global market for dram, as per the study, can be segmented into following type, technology, and application.
In terms of type, the market splits into Synchronous DRAM, burst extended data output (BEDO), asynchronous DRAM, and extended data output (EDO). Among these, the synchronous DRAM (SDRAM) segment is recorded to continue to be at a leading position throughout the assessment period. By the end of 2023, this segment is likely to reach a market valuation of USD 120 Bn and more along with exhibiting a steady CAGR. Device manufacturers are inclining towards SDRAM due to its high functional capabilities.
In terms of technology, the market splits into DDR2, DDR5/GDDR5, DDR3, and DDR4. Among these, the DDR4 segment is possible to account for a significant market share and gaining a valuation 38 Bn and more. Further, it is probable to observe an impressive CAGR during the assessment period. The DDR5/GDDR5 segment is also likely observed a healthy growth in the coming years.
In terms of application, the market splits into networking devices, gaming consoles, PCs/laptops, and mobile phones. The PC or laptop segment accounted for 43.4% market share, in 2017, and is likely to retain its leadership over 2023 and accounted for 31.50% CAGR between 2018 and 2023.
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Regional Outlook
The regions covered in the study of the global dram market are Europe, the Middle East, Africa, North America, Asia Pacific, and Latin America.
Among these, the market in the Asia Pacific is observed to remain highly attractive during the assessment period. The region accounts for the largest share of the global DRAM market and is likely to post the highest GAGR by 2023 owing to the rise of China as the main electronics manufacturing hub that centers biggest electronics market. Presently, China achieved a tremendous feat as a manufacturing powerhouse, catering to especially automotive, electronics and consumer goods sectors. On the second level, countries such as Taiwan, South Korea, and Japan are also contributing to making remarkable contributions to the growth of the market in the Asia Pacific region.
Within Europe, market expansion continues to be the talk-of-the-town and is an essential element in the world economy. In this region, Germany will also add over US$3 Billion to the region’s size and would expand considerably in the next 5 to 6 years. According to the study, over US$5.9 billion worth is demanded in the region, which will come from other emerging Eastern European markets.
Whereas, North America is also showing a considerable expansion of the global DRAM market during the assessment period.
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