USD 118.5 billion
Global Dynamic Random Access Memory Market Size, Share, Growth Analysis, By Type(Synchronous DRAM, Extended Data Output), By Technology(DDR4, DDR5), By Application(Mobiles. PCs/Laptops, Gaming Consoles) - Industry Forecast 2023-2030
Report ID:
SQMIG45N2085 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
91 |
Figures:
76
Global Dynamic Random Access Memory Market Insights
Dynamic Random Access Memory Market size was valued at USD 118.5 billion in 2021 and is poised to grow from USD 136.32 billion in 2022 to USD 360.22 billion by 2030, growing at a CAGR of 14.9% in the forecast period (2023-2030).
The extensive growth in the global data centers and rapid development of semiconductor industries across the globe are the major factors driving the growth of global dynamic random access memory (DRAM) market over the forecast period. Currently modern society are shifting towards safe and advanced data storage systems with the increasing capabilities and processing power due to the continuously increasing adoption of modern communication technologies. As a result, the global demand for DRAM is anticipated to have a significant rise in the coming years.
Furthermore, the rising need for high-memory smartphones, laptops, and other devices coupled with the growing demand for rapid online operability are further expected to drive the growth for the global dynamic random access memory market during the forecast period. In addition, an extensive rise in the penetration rate for cloud computing and requirement for high speed communication from all over the world are likely to augment demand for DRAM, mainly in the data center infrastructures. For instance, Samsung launched its new and latest LPDDR5X DRAM chips for smartphones are other types of devices. It adds to the efficiency and improves the performance to the DRAM chips portfolio of the company.
Moreover, IoT refused semi-autonomous vehicles usually take real-time decisions to avoid the accidents and remove the load from the driver of the vehicle. Along with the cameras and proximity sensors, most of the cars are integrated with IoT systems to reduce the human error and make driving safer and comfortable. Thus, the global demand for DRAM has increased in the mobility solutions and technology like cloud computing AI IoT, and combined mobility are projected to boost the growth of the global dynamic random access memory market throughout the forecast period.
US Dynamic Random Access Memory Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2023-2030
Global Market Size
Largest Segment
DDR4
Fastest Growth
DDR4
Growth Rate
14.9% CAGR
Global Dynamic Random Access Memory Market ($ Bn)
Country Share for North America Region (%)
Global Dynamic Random Access Memory Market By Technology ($ Bn)
Global Dynamic Random Access Memory Market By Technology (%)
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Global Dynamic Random Access Memory Market Segmental Analysis
Global Dynamic Random Access Memory Market is segmented on the basis product of type, technology, application, and region also. By type, the market is sub-segmented into synchronous DRAM, extended data output, burst extended data output, and others. By technology, the market is categorized into DDR4, DDR5, and others. By application, the market is classified into mobiles, PCs/laptops, gaming consoles, and others. By region, the market is divided into North America, Europe, Asia Pacific, Latin America, and others.
Dynamic Random Access Memory Market Analysis by Technology
By technology, the DDR4 segment dominated the market and accounted for a significant market share in 2022. The features and characteristics of DDR4 RAM such as higher transfer success rates and lower voltage requirements are expected to be the major driving factor for the segment growth during the forecast period. In addition, the continuous growing investment in the research & development sector for new and more effective innovations by several large players of the global market, is also projected to have a positive impact on the growth and demand for DRAM in the near future. For instance, in November 2021, Micron Technology Inc., announced the launch of its low-power double data rate of 5X DRAM for the MediaTek’s new Dimensity 9000 5G flagships for integration in smartphones.
Dynamic Random Access Memory Market Analysis by Application
By application, the PCs/laptops segment held the largest market share in 2022 accounting for a significant market share. Increasing demand for several types of laptops in various applications due to its availability in small sizes, light weight, and internal battery, which makes it easy to carry from one to another location. As a result, the demand for DRAM is also growing at a significant pace, and expected to fuel the demand for the segment growth in the coming years. Furthermore, growing technological advancements and increased in features of laptops along with the increased storage capacities are further anticipated to propel the market growth for DRAM all over the world over the forecast period.
Global Dynamic Random Access Memory Market By Technology, 2021 (%)
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Global Dynamic Random Access Memory Market Regional Insights
Globally, North America dominated the DRAM market and held the largest global dynamic random access memory market share in 2022. The rapid growth in the technology, innovations, increased consumer disposable income, and rising awareness regarding the benefits of DRAM are expected to drive the growth of the market over the forecast period in the region. According to our findings, there are around 2752 data centres in the United States in 2022, and this number is projected to have a boost in the coming years.
Furthermore, Asia Pacific is expected to witness fastest CAGR during the forecast period owing to the rise in electronics, automotive, and consumer goods manufacturing sectors in developing nations such as India, China, and South Korea. In addition, increasing adoption of advanced technology coupled with the rising investments by key market players in these emerging economies are also likely to be the key factor driving the growth of the market in the region.
Global Dynamic Random Access Memory Market By Region, 2023-2030
- Largest
- Fastest
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Global Dynamic Random Access Memory Market Dynamics
Dynamic Random Access Memory Market Drivers
Growing Demand for Mobile Phones is likely to drive the market growth
- The continuously increasing demand for mobile phones, laptops and other consumer devices across the globe is expected to drive the global dynamic random access memory market over the forecast period.
- In the last few years, the need for mobiles and laptops have increased rapidly along with the increasing demand for good internet connection and also rising need for powerful processing technologies led by the increased focus on the storage capacity and less power consumption would likely to boost the DRAM market during the forecast period.
Dynamic Random Access Memory Market Restraint
Lack of Awareness and significant prices to restrain the market growth
- High prices of DRAM devices and lack of awareness regarding their usage in the low and medium sized economies are the major factors expected to restrain the market growth over the forecast period. Various types of DRAM chips available in the global market are highly costly and out of reach from low-income groups, which is likely to hamper the market growth in the near future.
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Global Dynamic Random Access Memory Market Competitive Landscape
Global Dynamic Random Access Memory Market is extremely competitive with the presence of many well-known international players around the globe. The key players of the market are mainly focusing on some business strategies including new product launches, acquisitions, mergers, partnerships, and increasing investment in research & development sector for the expansion of their geographical presence and product portfolio.
Dynamic Random Access Memory Market Top Player’s Company Profiles
- Samsung Electronics Co., Ltd.
- SK Hynix Inc.
- Micron Technology, Inc.
- Nanya Technology Corporation
- Winbond Electronics Corporation
- Kingston Technology Corporation
- ADATA Technology Co., Ltd.
- Transcend Information, Inc.
- Ramaxel Technology (Shenzhen) Limited
- Intel Corporation
- Toshiba Corporation
- Fujitsu Limited
- NEC Corporation
- Elpida Memory, Inc.
- Powerchip Technology Corporation
- Inotera Memories, Inc.
- Smart Modular Technologies, Inc.
- Silicon Power Corporation
- Team Group Inc.
- Apacer Technology Inc.
Dynamic Random Access Memory Market Recent Developments
- In August 2022, SK Hynix Inc., developed their first DDR5 DRAM-based CXL memory samples and strengthen their market presence in the next generation memory solutions global market. This CXL device is 96GB product composed of 24 DDR5 DRAM based into 1anm.
- In July 2022, Micron Technology, announced the availability of the commercial and industrial channel partner of its Micron DDR5 server DRAM for supporting qualification of next generation Intel and AMD DDR5 server with the workstation platforms.
Global Dynamic Random Access Memory Key Market Trends
- Demand for Low Power Consumption Technology: The emerging technologies in the global memory industry have enhanced a lot of potential of memory by enabling the storage of extra data at lower power consumption along with the lesser cost than the expensive to create silicon chips used in several popular consumer electronic gadgets including smartphones and tablets.
- Continuous Rise in Usage of Smartphones: In addition, the usage of smartphones and tablets are continuously rising, as a result, the demand for DRAMs globally are expected to have a boom in the next coming years.
Global Dynamic Random Access Memory Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to the Global Dynamic Random Access Memory market report analysis, the Market is witnessing a significant growth during the forecast period owing to the increasing number of smartphone and laptops users, rising awareness towards latest technology, and increased per capita income of consumer, which enables them to spend on these products. Furthermore, a continuous growth in the technology sector and easy availability of DRAMs across the globe is also anticipated to fuel the growth of the market. However, challenges such as incompatibility with motherboard, faulty and defective processor, and high device cost can be a major factor likely to hamper the growth of the global market throughout the forecast period.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 118.5 billion |
| Market size value in 2030 | USD 360.22 billion |
| Growth Rate | 14.9% |
| Base year | 2021 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Dynamic Random Access Memory Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Dynamic Random Access Memory Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Dynamic Random Access Memory Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Dynamic Random Access Memory Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Dynamic Random Access Memory Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Dynamic Random Access Memory Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Dynamic Random Access Memory Market Report Snapshots
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