PUBLISHER: KBV Research | PRODUCT CODE: 1493670
PUBLISHER: KBV Research | PRODUCT CODE: 1493670
The Global DRAM Market size is expected to reach $163.5 billion by 2031, rising at a market growth of 6.3% CAGR during the forecast period.
Modern vehicles increasingly rely on electronic systems for infotainment, advanced driver assistance systems (ADAS), navigation, telematics, and connectivity features. These systems require robust memory solutions like DRAM to ensure smooth operation and quick data access. Consequently, the automotive segment would acquire nearly 11% of the total market share by 2031. According to the International Trade Administration (ITA), the gross domestic product (GDP) of South Africa's automotive industry as a whole was 4.3% in 2021 (2.4% manufacturing and 1.9% retail). Thus, owing to these factors, there will be enhanced demand in the segment.
Cloud computing services have completely changed how companies handle, store, and use data. As infrastructure moves more and more toward the cloud, servers and data centers are becoming increasingly essential to managing the large amounts of data that users create as they access apps, store files, and perform activities on the cloud. Big data analytics also includes handling and examining huge datasets to find insightful patterns and information that can guide corporate choices and spur innovation. Because this RAM provides the high-speed memory needed to quickly access and manipulate massive datasets, it is essential to developing real-time data processing and analytics applications. Therefore, these factors will assist in the expansion of the market. Additionally, The infotainment systems found in modern cars are very advanced and provide many capabilities, including internet access, smartphone integration, multimedia playing, and navigation. Additionally, connected vehicles rely on in-vehicle networking technologies, such as Controller Area Network (CAN), Ethernet, and FlexRay, to facilitate communication between various vehicle systems and components, including sensors, ECUs (electronic control units), and infotainment systems. Therefore, these aspects will pose lucrative growth prospects for the market.
However, establishing a DRAM fabrication facility (fab) requires a massive initial investment, often running into billions of dollars. Moreover, manufacturing benefits significantly from economies of scale, wherein larger production volumes help spread fixed costs over a greater number of units, leading to lower per-unit costs. Hence, owing to these factors, there will be reduced demand in the upcoming years.
Technology Outlook
On the basis of technology, the market is divided into DDR4, DDR5, and others. In 2023, the DDR5 segment witnessed a 20% revenue share in the market. DDR5 offers several enhancements over DDR4, including increased bandwidth, higher densities, and improved power efficiency. These improvements are particularly significant in high-performance computing applications, such as data centers, where faster memory access can translate into tangible performance gains. Hence, these aspects will pose lucrative growth prospects for the segment.
Type Outlook
Based on type, the market is segmented into double data rate SDRAM, Rambus DRAM, fast page mode DRAM, extended data out DRAM, and others. In 2023, the rambus DRAM segment garnered a 12.2% revenue share in the market. Despite its decline in the mainstream market, RDRAM still finds niche applications in specialized industries where its unique characteristics, such as high bandwidth and low latency, are particularly advantageous. These include areas like high-performance computing, networking equipment, and certain types of graphics processing. Hence, these factors can assist in the growth of the segment.
Application Outlook
Based on application, the market is divided into gaming console, PCs/laptops, automotive, mobile phones, and others. In 2023, the PCs/laptops segment witnessed 26.5% revenue share in the market. PCs and laptops are increasingly used for high-performance computing tasks such as video editing, 3D rendering, software development, and data analysis. These tasks require substantial amounts of memory bandwidth and capacity to process large datasets and perform complex computations efficiently. This RAM enables PCs and laptops to handle these demanding workloads with ease, improving productivity and reducing time-to-completion for critical tasks.
Regional Outlook
By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment procured 43.5% revenue share in the market in 2023. The demand for chips is rising rapidly in the Asia Pacific region, mostly due to growth in the data center, consumer electronics, automotive, and telecommunications sectors. With the proliferation of smartphones, tablets, and other electronic devices, there's a constant need for memory solutions, which boosts the demand. Hence, these factors can help in the growth of the segment.
DRAM Market Report Coverage:
Report Attribute Details
Market size value in 2023 USD 101.5 Billion
Market size forecast in 2031 USD 163.5 Billion
Base Year 2023
Historical period 2020 to 2022
Forecast Period 2024 to 2031
Revenue Growth Rate CAGR of 6.3% from 2024 to 2031
Number of Pages 259
Tables 390
Report Coverage Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Market Share Analysis, Porter's 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives
Segments Covered Technology, Type, Application, Region
Country Scope * North America (US, Canada, Mexico, and Rest of North America)
Companies Included Samsung Electronics Co., Ltd. (Samsung Group), Micron Technology, Inc., SK hynix, Inc., Transcend Information, Inc., Nanya Technology Corporation, Powerchip Technology Corporation, Winbond Electronics Corporation, Infineon Technologies AG, Kingston Technology Company, Inc. and Intel Corporation
Recent Strategies Deployed in the Market
List of Key Companies Profiled
Global DRAM Market Report Segmentation
By Technology
By Type
By Application
By Geography