DRAM Market Size

Global DRAM Market size was valued at USD 108.41 Billion in 2023 poised to grow from USD 115.89 Billion in 2024 to USD 197.64 Billion by 2032, growing at a CAGR of 6.9% in the forecast period (2025-2032).

The increasing demand for smartphones and computing devices worldwide is one of the major drivers of the global DRAM market. With smartphones, laptops, tablets, and other consumer electronics becoming increasingly sophisticated with features like 5G connectivity, artificial intelligence, and high-resolution displays, they need more powerful memory solutions. DRAM, which is crucial for multitasking, quicker processing, and smoother performance, is in high demand to address these requirements. The growth of mobile apps, gaming, and work-from-home further increases the demand for high-end devices, which in turn directly speeds up the consumption of DRAM. As individuals increasingly use these devices for personal, professional, and entertainment reasons, DRAM producers increase production levels to fulfill market demand.

Technological advancements in DRAM memory technology, such as the development of DDR5 and LPDDR5, have significantly impacted the global DRAM industry trends. These advancements increase the speed, efficiency, and capacity of DRAM modules to enable faster data transfer rates and reduced power consumption. DDR5, for instance, provides increased data bandwidth and enhanced performance for data-intensive applications, which makes it essential for future-generation smartphones, computers, and servers. These advancements cater to the increasing need for memory that accommodates high-performance computing tasks like gaming, AI, and big data analytics. With the introduction of these newer technologies, they fuel the growth of the DRAM market as they provide the changing needs of today's devices and applications.

Which DRAM Technologies are Critical for AI-Driven Applications?

AI is influencing the global DRAM market directly by increasing demand for high-performance computing systems that need to support faster and more efficient memory. With growing usage of AI applications in fields like machine learning, natural language processing, and data analytics, large-scale data storage and processing demand rises. AI models, which are based on huge datasets, need large memory capacity to process complex algorithms. This increase in data processing driven by AI requires next-generation DRAM technologies such as DDR5 and HBM2, generating higher DRAM production. Another development that is in tandem with this is the emergence of AI-optimized DRAM, which is specifically designed to address memory requirements of AI workloads, driving the DRAM market further.

In early 2025, the worldwide DRAM market witnessed massive growth, with sales of high-bandwidth memory (HBM) jumping more than 70% compared to the previous year. This increase was primarily fueled by the growing appetite for AI-powered applications, especially in the data center. Micron Technology posted all-time revenue in its fiscal Q1 2025, primarily due to the strong demand for DRAM and NAND memory utilized in AI-based data centers and computer systems.