Dynamic Random Access Memory (DRAM) Market 2022 | Current and Future Demand, Analysis, Growth and Forecast to 2032
NEWARK, NEWARK, UNITED STATES OF AMERICA, July 13, 2022 /EINPresswire.com/ — The global Dynamic Random Access Memory (DRAM) market size is expected to grow at a CAGR of 5% from 2022 to 2032, reaching the United States $10.3 billion. By the end of 2022, it is expected to surpass the US$6.9 billion mark. The rapid worldwide adoption of personal computing devices is likely to drive up the price of DRAM in the near future.
Located close to the processor, this type of memory is much faster than other types of conventional storage options such as hard disk and CD-ROM. Dynamic random-access memory is a type of RAM that fits on a circuit board that needs to be refreshed every few milliseconds. It stores each bit of data on a separate passive electronic component present inside an integrated circuit board made up of transistors and capacitors which makes the dynamic random access memory chip an efficient component to store data in memory because it requires less physical space to store the same amount of data than if it were to be stored statically.
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Computer hardware manufacturers are emphasizing the development of new products with better performance and improved features such as minimum latency and maximum performance in order to capture a larger market share and attract more people. of end users. Random access memory (RAM) is the place in devices where the operating system, data in use, and application programs are kept to facilitate quick access by the device’s processor.
Additionally, relatively lower manufacturing cost than static RAM makes DRAM more preferable for embedding in devices such as computers and mobile phones.
Dynamic Random Access Memory (DRAM) Market: Regional Outlook
The dynamic random access memory market is expected to witness a healthy CAGR over the projected period owing to the growing popularity of mobile devices in emerging countries like India, China, and Brazil. Asia Pacific is the dominant region in the dynamic random access memory market and is expected to remain dominant followed by North America during the forecast period. The Middle East and Africa region is expected to reflect the highest CAGR during the forecast period.
Dynamic Random Access Memory (DRAM) Market: Drivers
The demand for high performance and low power DRAM in mobile devices promises a significant growth opportunity for the dynamic random access memory market. The increasing penetration of smartphones in developing countries such as India, China, and Indonesia is expected to drive the growth of the dynamic RAM market. Furthermore, the introduction of new devices in the computing domain such as hybrid devices and ultra-thin laptops that offer long battery life and robust performance backed by dynamic RAM are further expected to fuel the market growth of dynamic random access memory over the projected period. However, the emergence of substitutes such as NAND flash is expected to hamper the dynamic random access memory market growth over the forecast period.
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Dynamic Random Access Memory (DRAM) Market: Key Players
Major vendors of DRAM market include SK Hynix Inc., Micron Technology Inc., SamsungElectronics Co. Ltd., Nanya Technology Corporation, Winbond Electronics Corporation, Powerchip Technology Corporation, Intel Corporation, Texas Instruments and others. Key players in the dynamic random access memory market are following the strategy of introducing cost-effective solutions to gain a competitive edge. Also, collaborating with major mobile device manufacturers is the other strategy followed by dynamic random access memory vendors to outperform their competitors.
Key segments featured in the Dynamic Random Access Memory (DRAM) industry survey
Middle East and Africa
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