The Dynamic Random Access Memory (DRAM) Market is expected to witness a substantial upturn with a CAGR of 7% during the forecasted period of 2022 to 2030
Product Description
A DRAM Dynamic Random Access Memory is a technology that stores each bit of information or data in a memory cell, usually that is a tiny capacitor and a transistor, both grounded on metal oxide semiconductor technology. Most of the DRAM memory cell designs require a capacitor and a transistor while, some use only two transistors and no capacitor. In the designs of single capacitor, the capacitor can either be charged or discharged. The electric charge on the capacitor gradually discharges and without intervention to the saved data might also be lost. To avoid this, the DRAM requires an external memory refresh circuit which occasionally resaves the data in the capacitors, restoring them to their original charge. This process of resaving is the distinguishing characteristic of the DRAM. Unlike flash memory DRAM is a volatile memory. Since the DRAM is volatile, the memory is temporary until the power is removed, hence DRAM has limited data restore capacity.
Market Description
The Dynamic Random Access Memory DRAM is a type of semiconductor memory, usually a programme codded data or programme code used commonly in computer processors for functioning. DRAM is alluded as random access memory that is embedded in PC’s, workstations, and servers, as a part of processor to access the random memory. DRAM enables faster access to data than other storage media devices such as hard disk drives and solid-state drives.
Rising adoption of microcontrollers and memory IC’s in automobile electronics and growing application of memory storage chips in certain electronic devices is one of the significant factors driving the market. Further, rising requests for consumer electronics with comparatively low cost and high performance is propelling the market. Moreover, the DRAM now being used in wearable devise such as smartwatches, it is expected to be lucrative for the market in coming future.
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Market Overview
As per experts, the Dynamic Random Access Memory (DRAM) Market is expected to witness a significant growth by 2030. Dynamic Random Access Memory (DRAM) Market is valued at USD 66.8 billion in 2022; however, it is anticipated to show a noteworthy progress of USD 100 billion by the year 2030.
With the invasion of Covid-19 pandemic, that had devastating effects on global economy had its effects on DRAM market as well. Due to the authoritative confinements that led to disruptions of supply chain and productions affected the cost of the product, lowering the demand by 15-20% in Indian market. This was reported by Cellular & Electronics Association (ICEA). Further, with the invasion 2nd and 3rd wave of the pandemic in March and April the production value had lowered to INR 2,500-3,500 crore and 2,000-2,500 crore respectively, contributing further price drops.
The DRAM market has witnesses significant ups and downs in terms of revenue. With application shift from personal computers to mobile devices and servers, or automotive sector to cloud applications, the diversification is influencing the market.
For instance, the server memory, has witnessed rise in demands. Increasing the capacities of existing centres coupled with multiple global constructions has led to significant growth.
The adoption of DRAM in automotive leads to significant growth of DRAM market. The Driver Awareness Systems (ADAS) and self-driving vehicle systems are increasingly in demand with memory capacity and bandwidth of DRAM.
Market Segmentation
The Dynamic Random Access Memory (DRAM) Market is segmented into Architecture, Application
Architecture
Based on Architecture the market is further segmented into
- DDR3
- DDR4
- DDR5
- DDR2/Others
Application
Based on Application the market is further segmented into
- Smartphones/Tablets
- PC/Laptop
- Data-centre
- Graphics
- Consumer Products
- Automotive
- Other Applications
The Automotive segment is expected to gain notable growth during the forecasted timeframe owing to the rising integration of AI in automation technology.
Regional Analysis
Based on the regional analysis the market covers regions such as America, Europe, Korea, China, Taiwan, Asia Pacific, and Rest of the world. Asia Pacific was marked as dominant region and is expected to remain the same during the forecasted period.
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Market Key players
The key players of any market comprise of investors and intermediaries. Businesses are analysing the process that identifies direct competitors to accomplish their mission and vision. Many leading corporations are undertaking acquisitions and development activities to sustain the competition. The market is highly competitive and has witnessed growing competition between vendors. Some of the key players are Samsung Electronics, SK Hynix, Winbond, Micron Technology Inc., Nanya Technology Corp., Kingston Technology, Intel, Elpida Memory Inc., Etron Technology Inc., Advanced Micro Device (AMD), and Texas Instruments (TI). Many market players are striving for gaining a leading position in the market to reduce unit costs. For instance, Samsung Electronics initiated bulk production of dynamic RAM back in 2014, with 20nm process technology. Furthermore, SK Hynix announced a guideline to accompany its Q1 earnings and shared strategies on progression of 1ynm mobile DRAM, LPDDR5 DRAM, and 64GB server DRAM product sales.
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