Market Research Future published a research report on “DRAM Market Research Report – Global Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Dynamic RAM (DRAM) or dynamic random access memory is used in many processors for providing high computing capabilities and memory. Its simple design, high storage capacity, and low costs have led to its integration in latest laptops and desktop PCs. The global DRAM market report by Market Research Future (MRFR) contains estimations on size and growth coupled with the impact of the COVID-19 outbreak on growth enablers and hindrances for the period of 2018 to 2023 (forecast period).
The global DRAM Market is expected to exhibit a CAGR of 28.70% during the forecast period. It can reach a valuation of USD 328.59 billion by 2023.
The market is driven by rapid urbanization and adoption of smart devices, tablets, and personal computers. The high penetration rate of IoT and the increased computing capability of DRAM for machine learning and artificial intelligence applications can drive market demand. Advent of cloud computing and its utilization for scaling businesses online can induce demand for DRAM for high-speed data transmission and storage. The utilization in wearables and low cost of consumer electronic devices is a direct indicator of the large scope of the market.
Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/978
Winbond Electronics Corporation, Samsung Electronics Co., Ltd., Powerchip Technology Corporation, Kingston Technology Corporation, Integrated Silicon Solution Inc., Transcend Information, Inc., Micron Technology, Inc. (Ticker: MU), Nanya Technology Corporation, ATP Electronics, Inc., and SK Hynix Inc. are some of top-notch companies that are profiled in MRFR’s report.
DRAM Market – Segmentation
The report also includes an exhaustive segmental analysis of the global dynamic ram access memory (DRAM) market, which covers DRAM type, DRAM technology and DRAM application. On the basis of DRAM type, the market has been segmented into FPM (Fast Page Mode), burst extended data output (BEDO), asynchronous DRAM, synchronous DRAM and extended data output (EDO). The synchronous DRAM (SDRAM) segment will continue to hold a dominate position throughout the assessment period. Towards the end of 2023, the segment is expected to reach a market valuation in excess of USD 120 Bn, exhibiting a strong CAGR. Device manufacturers are inclining towards SDRAM owing to its high functional capabilities. Moreover, SDRAM are more efficient than conventional DRAMs.
- By Technology, the market has been segmented into DDR2, DDR5/GDDR5, DDR3 and DDR4. The DDR4 segment is likely to account for a predominant market share. The segment currently stands at a market valuation of more than 38 Bn and is expected to witness an impressive CAGR during the review period. The DDR5/GDDR5 segment is also expected witness a healthy growth over the next couple of years.
- By Application, the market has been segmented into networking devices, gaming consoles, PCs/laptops and mobile phones. In 2017, the PC/laptop segment accounted for 43.4% market share and is likely to retain its dominance over 2023. The segment accounted for 31.50% CAGR between 2018 and 2023. In terms of value, the mobile phone segment is likely to hold the second spot throughout the review period.
Global DRAM Market – Regional Analysis
The regions that have been covered in the report include Europe, the Middle East, Africa, North America, Asia Pacific (APAC), and Latin America. The market in APAC is likely to remain highly attractive during the assessment period. In terms of value, APAC accounts for the largest share of the global DRAM market. In addition, APAC DRAM market is expected to post the highest GAGR till 2023. This is primarily owing to the rise of China an electronics manufacturing hub. In recent years, china has achieved tremendous feat as a manufacturing power house, catering to sectors such as automotive, electronics and consumer goods. Apart from China, countries such as Taiwan, South Korea and Japan are also making noteworthy contributions to the growth of the market in Asia Pacific. Asia Pacific is followed by North America and Europe respectively.
Get Complete Report @ https://www.marketresearchfuture.com/reports/dram-market-978
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR’s methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.