Research Nester published a report titled “Dynamic Random-Access Memory (DRAM) Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global dynamic random-access memory (DRAM) market in terms of market segmentation by architecture, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global dynamic random-access memory (DRAM) market is estimated to occupy a large revenue by growing at a CAGR of ~8% during the forecast period, i.e., 2022 – 2030, owing to the rising need for high-memory smartphones and tablets, and increasing availability of internet connectivity worldwide. Apart from these, growing adoption of microcontroller and ICs in automobile electronics is also expected to provide ample growth opportunities to the market.
The global dynamic random-access memory (DRAM) market is segmented by architecture and application. Based on application, the automotive segment is anticipated to grab the largest market share during the forecast period on the back of escalating demand for processors requiring high memory capacity and bandwidth in self driving systems and driver awareness systems. Additionally, rise in sales of electric vehicles is also assessed to drive market growth in the coming years.
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Geographically, the market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. Asia Pacific region is evaluated to witness noteworthy growth in the market during the forecast period attributing to the rapidly growing semiconductor industry in Japan and China, and increasing manufacturing volumes of memory IC companies in the region.
The research was global in nature and conducted in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa). In addition, areas like Market size, Y-O-Y growth & Opportunity Analysis, market players competitive study, investment opportunities, demand for future outlook etc. have been covered and displayed in the research report to ensure it dives deep to achieve strategic competitive intelligence in the segment.
Increasing Need for High-Memory Tablets and Smartphones Worldwide to Boost Market Growth
The world is witnessing a surge in demand for high RAM in smartphones and tablets which can be attributed to the need to run a number of applications simultaneously without one of them being forced to close or slowing down. This giving rise to the escalating adoption of DRAM technology, which in turn is projected to drive market growth in the forthcoming years.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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However, high fabrication and design cost of DRAM is expected to operate as key restraint to the growth of the global dynamic random-access memory (DRAM) market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global dynamic random-access memory (DRAM) market which includes company profiling of Micron Technology Inc., Winbond Corporation, Nanya Technology Corporation, Samsung Group, SK hynix Inc., Kingston Technology Co., Inc., Intel Corporation, Elpida Memory Inc., Etron Technology Inc., Transcend Information, Inc., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global dynamic random-access memory (DRAM) market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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